This pic was taken during a recent Nainitaal and Jim Corbett trip.
Will post more details soon !!
Tuesday, January 30, 2007
Guns and Lays :)
This pic was taken during a recent Nainitaal and Jim Corbett trip.
Will post more details soon !!
Monday, January 22, 2007
Words of Wisdom
"People are most credulous when they are most happy”
"Corporate financial statements are like bikinis .. what they are show are very interesting ; what they hide is vital"
"The fact that people will be full of greed, fear or folly is predictable. The sequence is not predictable." -- Warren Buffet
"If you were to walk into this fine book store and make an offer to the owner that, "I want to buy your store for the amount of the cash in the till plus the money that you have in the bank or money market mutual funds", he will throw you out. But the stock market periodically allows you to make such kind of offers”
"An equity share representing the entire business cannot be less safe and less valuable than a bond having a claim to only a part that of"—Ben Graham
“The task of man is not to see what lies dimly in the distance, but to do what lies clearly at hand”—Thomas Carlyle
"Those who will not face improvements because they are changes, will face changes that are not improvements”—Munger
“The moment I leave something on luck. It runs away.”
"This is a world inhabited not by people who have to be persuaded to believe but by people who want an excuse to believe."
“Whenever you think that some situation or some person is ruining your life, it’s actually you who are ruining your life. It’s such a simple idea. Feeling like a victim is a perfectly disastrous way to make go through life. If you just take the attitude that however bad it is in anyway, it’s always your fault and you just fix it as best you can – the so-called “iron prescription” – I think that really works”
“Keep your eyes wide open before marriage, half shut afterwards"
“Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things”—Munger.
“Those who will not face improvements because they are changes will face changes that are not improvements"
“Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while”—Jack Welch.
“When we are unsure of ourselves, when the situation is unclear or ambiguous, when uncertainty reigns, we are most likely to accept the actions of others as correct”
"The test of the first rate mind is the ability to hold two opposing thoughts at the same time while still retaining the ability of function”—Scott Fitzgerald
“When I disagree with a rational man, I let reality be our final arbiter; if I am right, he will learn; if I am wrong, I will; one of us will win, but both will profit”—Ayn Rand
“Extrapolation may give you the ability to see what’s coming down the street but not what is coming around the corner”—Henry Kaufman
"Take care of the limitations & the advantages will take care of themselves"
"One can evade reality but he cannot evade the consequences of evading reality." Ayn Rand
"Risk comes from not knowing what you're doing" -Buffet
“Everything should be made as simple as possible, but not simpler” -- Einstein
"The price you pay determines (your potential) rate of return"
"The price you get determines (your actual) rate of return"
In the words of Warren Buffett, "It's only when the tide goes out that you learn who's been swimming naked."
It is always better to be somewhat right rather than precisely wrong.
"Corporate financial statements are like bikinis .. what they are show are very interesting ; what they hide is vital"
Fear is the foe of the faddist, but the friend of the fundamentalist.
"I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years."
In the words of Warren Buffett, "It's only when the tide goes out that you learn who's been swimming naked."
"It is always better to be somewhat right rather than precisely wrong."
"Corporate financial statements are like bikinis .. what they are show are very interesting ; what they hide is vital"
"Fear is the foe of the faddist, but the friend of the fundamentalist."
"I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years."
"Life can only be understood backward -- but it must be lived forwards"
"Those who don’t learn from the past are condemned to repeat it”
"It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon"
My all time Favorite :
“In the short run, stock market is a voting machine and in the long run it is a weighing machine”.
"Corporate financial statements are like bikinis .. what they are show are very interesting ; what they hide is vital"
"The fact that people will be full of greed, fear or folly is predictable. The sequence is not predictable." -- Warren Buffet
"If you were to walk into this fine book store and make an offer to the owner that, "I want to buy your store for the amount of the cash in the till plus the money that you have in the bank or money market mutual funds", he will throw you out. But the stock market periodically allows you to make such kind of offers”
"An equity share representing the entire business cannot be less safe and less valuable than a bond having a claim to only a part that of"—Ben Graham
“The task of man is not to see what lies dimly in the distance, but to do what lies clearly at hand”—Thomas Carlyle
"Those who will not face improvements because they are changes, will face changes that are not improvements”—Munger
“The moment I leave something on luck. It runs away.”
"This is a world inhabited not by people who have to be persuaded to believe but by people who want an excuse to believe."
“Whenever you think that some situation or some person is ruining your life, it’s actually you who are ruining your life. It’s such a simple idea. Feeling like a victim is a perfectly disastrous way to make go through life. If you just take the attitude that however bad it is in anyway, it’s always your fault and you just fix it as best you can – the so-called “iron prescription” – I think that really works”
“Keep your eyes wide open before marriage, half shut afterwards"
“Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things”—Munger.
“Those who will not face improvements because they are changes will face changes that are not improvements"
“Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while”—Jack Welch.
“When we are unsure of ourselves, when the situation is unclear or ambiguous, when uncertainty reigns, we are most likely to accept the actions of others as correct”
"The test of the first rate mind is the ability to hold two opposing thoughts at the same time while still retaining the ability of function”—Scott Fitzgerald
“When I disagree with a rational man, I let reality be our final arbiter; if I am right, he will learn; if I am wrong, I will; one of us will win, but both will profit”—Ayn Rand
“Extrapolation may give you the ability to see what’s coming down the street but not what is coming around the corner”—Henry Kaufman
"Take care of the limitations & the advantages will take care of themselves"
"One can evade reality but he cannot evade the consequences of evading reality." Ayn Rand
"Risk comes from not knowing what you're doing" -Buffet
“Everything should be made as simple as possible, but not simpler” -- Einstein
"The price you pay determines (your potential) rate of return"
"The price you get determines (your actual) rate of return"
In the words of Warren Buffett, "It's only when the tide goes out that you learn who's been swimming naked."
It is always better to be somewhat right rather than precisely wrong.
"Corporate financial statements are like bikinis .. what they are show are very interesting ; what they hide is vital"
Fear is the foe of the faddist, but the friend of the fundamentalist.
"I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years."
In the words of Warren Buffett, "It's only when the tide goes out that you learn who's been swimming naked."
"It is always better to be somewhat right rather than precisely wrong."
"Corporate financial statements are like bikinis .. what they are show are very interesting ; what they hide is vital"
"Fear is the foe of the faddist, but the friend of the fundamentalist."
"I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years."
"Life can only be understood backward -- but it must be lived forwards"
"Those who don’t learn from the past are condemned to repeat it”
"It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon"
My all time Favorite :
“In the short run, stock market is a voting machine and in the long run it is a weighing machine”.
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