“The proliferation of new, complex accounting standards, without a full rethinking of legacy standards, has contributed to a deterioration of earnings quality and increasing lack of financial statement comparability.” – Ralph Nach, 2001-2010 Author of The GAAP Guide (Wiley.)
“I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.” – Bruce Lee
“If you want to succeed you should strike out on new paths, rather than travel the worn paths of accepted success.” – John D. Rockefeller
“Unless you try to do something beyond what you have already mastered, you will never grow.” – Ralph Waldo Emerson
“Markets are designed to allow individuals to look after their private needs and to pursue profit. It’s really a great invention and I wouldn’t under-estimate the value of that, but they’re not designed to take care of social needs.” – George Soros
“We try to find things that are misunderstood. And then if we think something is misunderstood then we figure out if it’s misvalued. And if we figure out that it’s misunderstood and misvalued, then we tend to invest.” – David Einhorn
“When you came into this world, you came without a single investment. So whatever happens in your life, anyway you are in profit.” – Sadhguru
“‘Don’t hate the player, hate the game.’ It’s not management’s fault that the financial statements are a mess. It’s the accounting rule-makers that have made them that way.”
“You have to decide ahead of time how much of a drawdown would imply that the system is not as good as you thought it was, and therefore shouldn’t be traded.” -Edward Thorp, Stock Market and Black Jack Expert from the book “Market Wizards” by Jack Schwager
“Design is not just what it looks like and feels like. Design is how it works.” – Steve Jobs
“CFOs would like standard setters to issue fewer rules, and to converge U.S. GAAP with IFRS to improve earnings quality.” – “Earnings Quality: Evidence from the Field Ilia Dichev, John Graham, Campbell R. Harvey, Shiva Rajgopal September 9, 2012”
“Plans are only good intentions unless they immediately degenerate into hard work.” – Peter Drucker
“Good advertising does not just circulate information. It penetrates the public mind with desires and belief.” – Leo Burnett
“The well – disciplined mind should only speak when requested to perform a task. Untrained, the mind becomes an unruly “on stage” performer and a nuisance. The self needs to learn respect for the Self and the silence of the presence. By observing the mind, it becomes apparent that the self represents the disruptive, unruly child who constantly seeks attention.” – David R. Hawkins
“There are no such things as limits to growth, because there are no limits to the human capacity for intelligence, imagination, and wonder” – Ronald Reagan
“The investor of today does not profit from yesterday’s growth.” – Warren Buffett
“A business absolutely devoted to service will have only one worry about profits. They will be embarrassingly large.” – Henry Ford
“Research shows there are at least 100 adjustments needed to make earnings and the balance sheet consistently calculated from firm to firm. And people think EBITDA is going to fix that? Those four (ITDA) aren’t even right.” – Joel’s Quote
“The Interpretation of Financial Statements was first published in 1937, shortly after the Ben Graham bible, Security Analysis, and during an era when investors left the stock market in droves. Today, when the contrary is the case, investors should confirm their understanding of the financial statements of the companies whose stock they own” – Michael Price, in the forward to Ben Graham’s “The interpretation of Financial Statements”
“To improve judgment, suspend judgment.” – Joel Litman