“It is easy to confuse genius with a bull market.” – Seth Klarman
“Uniform Accounting provides a needed solution – removing many of the inconsistent financial reporting policies. It creates a ‘level playing field’ providing a far clearer view of the financial activity of a firm for investors, creditors, and other users of the financial statements.” – Ralph Nach
“A creative man is motivated by the desire to achieve, not by the desire to beat others.” – Ayn Rand
“Speak and type, as if everything you say and write, will eventually be heard and read… by everybody.” – Joel Litman
“Take the annual filing of any company in the United States or the UK and read the first several pages of the notes to the financial statements. If you don’t understand what’s there, how can you possibly rely on earnings or a P/E?” – Joel Litman
“Money without brains is always dangerous.” – Napoleon Hill
“Health is the greatest gift, contentment the greatest wealth, faithfulness the best relationship.”
– Gautama Buddha
I can’t imagine a dead millionaire who wouldn’t trade places with me.”
– John Mathieu
“It is quite clear that one way for a company to steer a course through the jungle is to be well-run and soundly governed. Then the speculators are more likely to leave you alone. Short-sellers look for weakness and when they find it, they act.”
– Julian Robertson
“Innovation is the specific instrument of entrepreneurship… the act that endows resources with a new capacity to create wealth.”
– Peter Drucker
“Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.”
– Warren Buffett
“Set high goals, encourage competition, and then keep score.”
– Sam Walton
“Speculative approaches-which pay little or no attention to downside risk- are especially popular in rising markets.”
– Seth Klarman
“How can you trust earnings if you cannot understand the rules that create them… Have you read them? The accounting rules are incomprehensible to even the financial experts.”
– Joel Litman
“The whole value of the dime is knowing what to do with it.”
— Ralph Waldo Emerson