“To clear the mind, merely note that nothing at all is of special or unique ‘value’ or ‘worth’ except by invested, superimposed, and projected belief. Therefore, withdraw value, worth, importance, and interest.” – David R. Hawkins
“I know of no long-time practitioner who regrets adhering to a value philosophy; few investors who embrace the fundamental principles ever abandon this investment approach for another.” – Seth Klarman
“The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.” – Warren Buffett
“It is not enough to have a good mind. The main thing is to use it well.” – Rene Descartes
“Would you rather share your opinion and sound smart, or ask a question and become smarter?”
“There exist limitless opportunities in every industry. Where there is an open mind, there will always be a frontier.” – Charles F. Kettering
“Every businessman and investor is expected to be able to understand these corporation statements. For security salesmen and for customers’ men in particular, the ability to analyze statemet is essential. When you know what the figures mean, you have a sound basis for good business judgment.” – Ben Graham, The Interpretation of Financial Statements, 1937
“To win in life means to give up the obsession of ‘who’s at fault.’ Graciousness is far more powerful than belligerence. It is better to succeed than to win.” – David R. Hawkins
“Nothing is particularly hard if you divide it into small jobs.” – Henry Ford
“I think inefficiencies are there for the finding, but they are fairly hard to find.” – Edward Thorp, Stock Market and Black Jack Expert from the book “Market Wizards” by Jack Schwager
“The law of development is evolution. Revolution is justified only when evolution is impossible.” – Henry Laurence Gantt
“The book value of a security is in most cases a rather artificial value.” – Ben Graham, The Interpretation of Financial Statements, 1949
“An idea that is developed and put into action is more important than an idea that exists only as an idea.” – Buddha
“Take two absolutely identical companies. One company can adopt accounting rules, legally, that show earnings at a loss. The other’s rules are adopted in such a way, legally, as to show earnings are positive and growing. What is the point of the accounting rules?”
“A useful decision or choice is to decide to stop mentally talking about everything and refrain from interjecting comments, opinions, preferences, and value statements. It is therefore a discipline to just watch without evaluating, investing worth in, editorializing, commenting, or having preferences about what is witnessed.” – David R. Hawkins
“A large majority of CFOs believe that FASB’s derecognition of matching and over-emphasis on fair value are misguided and adversely affect earnings quality.” – Earnings Quality: Evidence from the Field Ilia Dichev, John Graham, Campbell R. Harvey, Shiva Rajgopal September 9, 2012
“The way to get started is to quit talking and begin doing.” – Walt Disney
“Be #1 or #2 in any particular product category – or get out of that business.” – Peter Drucker
“CFOs feel that reporting discretion has declined over time, and that current GAAP standards are somewhat of a constraint in reporting high quality earnings.” – “Earnings Quality: Evidence from the Field Ilia Dichev, John Graham, Campbell R. Harvey, Shiva Rajgopal September 9, 2012”
“Business opportunities are like buses, there’s always another one coming.” – Richard Branson