When you work on something that only has the capacity to make you 5 dollars, it does not matter how much harder you work – the most you will make is 5 dollars.
Some people will each start investing more of their salary on ‘their’ house and spending less of it on ‘their’ car or cars only when they start being able to take ‘their’ house to work, funerals, weddings, etc.
At the end of the day, if you’re wasting your time by not investing in yourself, you’re going to waste away—and that would be the greatest waste of all.
Creativity doesn’t come from glancing quickly at your Twitter feed while in line at Starbucks. It comes from deep thought. It comes from voraciously reading books—long books that require focused attention. It comes from meaningful discourse with other intellectually curious people. It comes from listening and asking good questions.
Entrepreneurship is when an individual retrieves a red hot idea from the creativity furnace without the constraint of the heat of lean resources, and with each persistent blow of the innovation hammer shapes the still malleable idea against the anvil of passion, vision, insight, strategy, and principles to forge a fitting vessel of a creative concern.
Volatility in the up direction is not a problem-it's only downward volatility that offers discourse.
In 2008, when almost every other investor got crushed, and even the Wall Street 'experts' were down by almost half, I was up 17 percent - beating the S&P Average by over 50 percent.Reminiscences of a Stock Market Flea
Be a Flea, not a Bull or a Bear. Don't delay, retire anyway. Trading is NOT a four letter word. Buy carefully, sell aggressively. Don't mark duds while drinking. When your plan fails, change it. Don't be slow, don't be greedy. Don't be obtuse with a machine gun pointed at you. There's still time to build wealth and retire well.The Stock Market Flea: Lessons from the Front
In 2008, when almost every other investor got crushed, and even the Wall Street experts were down by almost half, I was up 17 percent - beating the S&P Average by over 50 percent.Reminiscences of a Stock Market Flea
The U.S. stock market was now a class system, rooted in speed, of haves and have-nots. The haves paid for nanoseconds; the have-nots had no idea that nanoseconds had value. The haves enjoyed a perfect view of the market; the have-nots never saw the market at all.
We need a moderately-priced stock market… The market, like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do. For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments.
Reliability investing requires finding companies trading below their inherent worth--stocks with strong fundamentals including earnings, dividends, book value, and cash flow selling at bargain prices give their quality.
We can't all be bakers or chefs. Many of us have modest ambitions. But we can all buy a piece of the pie.
Real estate investing, even on a very small scale, remains a tried and true means of building an individual's cash flow and wealth.
Does a population have informed consent when that population is not taught the inner workings of its monetary system, and then is drawn, all unknowing, into economic adventures?
Perfection does not mean errorless . Real perfection starts with real intention and ends with delivery, all driven by seeking knowledge, trial & error and investing emotions. Whatever delivered after that is perfect .
Understanding the value of a security and whether it's trading above or below that value is the difference between investing and speculating.
Make your body your prized possession above all physical things. Spare no expense, re-prioritize and invest in your health.
October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.
To discern profits only when it is within the ken of the market herd is not the acme of investing excellence
The alluring, long-shot chance of a huge gain is the grease that lubricates the machine of innovation.