Saving money will prevent you from becoming broke but it will also prevent you from becoming wealthy.
The best investors in the world have more of an edge in psychology than in finance.
There’s a difference between your truth and the truth, in the stock market as well as in life.
Good Investors wait for Bull Market, Great Investors wait for Bear Market.
One of the most unique things about Investing is that once you invest, you get paid for life without investing ever again.
Never let success get to your head. 2. Never let failure get to your heart.
Knowing others is intelligence, Knowing yourself is wisdom.
“An arrogant man believes he is superior to others.
A confident man believes there’s no need to compare himself with others.”
Be humble, kind, and polite for no reason. It just feels better.
Difference between thinking and doing = clarity.
“If you want to make friends, treat them the way you want to be treated.
If you want money, treat others the way they want to be treated.”
The ultimate objective of financial independence should be to stop being dependent on others (bosses, clients, a rigid schedule, etc).
“Most investors are dominated by emotions:
Rather than responding rationally to market fluctuations, they respond emotionally with greed & fear.
We all know people who act responsibly most of the time but go berserk when investing money.”
“All market fads come to an end:
Security prices eventually become too high, supply catches up with and then exceeds demand, the top is reached, and the downward slide ensues.”
“Focus on Improving your Mindset:
Investing is serious business, not entertainment. If you participate in the financial markets at all, it is crucial to do so as an investor, not as a speculator, and to be certain that you understand the difference.”
“Learn the difference between Value & Price:
Value in relation to price, not price alone, must determine your investment decisions.”
“Stock market is not about making quick money:
Anyone would enjoy a quick and easy profit, and the prospect of an effortless gain incites greed in investors. Greed leads many investors to seek shortcuts to investment success.”
“Why Institutional Investors Underperform? :
The prevalent mentality is consensus, groupthink. Acting with the crowd ensures an acceptable mediocrity; acting independently runs the risk of unacceptable underperformance.”
“Never Forget Rule No.1:
Warren Buffett likes to say that the first rule of investing is “”Don’t lose money,”” and the second rule is, “”Never forget the first rule.”””
“Focus on reasonable returns and expectations:
An investor who earns 16 percent annual returns over a decade, for example, will, perhaps surprisingly, end up with more money than an investor who earns 20 percent a year for nine years and then loses 15 percent the 10th year.”
“Business Valuations can be complex:
Investing would be much simpler if business values did remain constant while stock prices revolved predictably around them like the planets around the sun.”
“Focus on the Process vs the Outcome:
All an investor can do is follow a consistently disciplined and rigorous approach; over time the returns will come. Rather than targeting a desired rate of return, even an eminently reasonable one, investors should target risk.”
“Learn to Stand against the Crowd:
Being a value investor usually means standing apart from the crowd, challenging conventional wisdom, and opposing the prevailing ideas. It can get very lonely.”
“Focus on the margin of safety:
How can investors be certain of achieving a margin of safety?
By always buying at a significant discount to underlying business value and giving preference to tangible assets over intangibles.”
“Investing = a good habit,
Speculation = bad addiction.”
A great future doesn’t necessarily require a great past.
The only difference between a good day & a bad day = Your Attitude.
“Quality is not the best policy.
It is the only one.”
No one has ever become poor by giving.
Adaptability is your true strength, never the blind persistence.
“Everyone is a genius in bull markets.
The key to investing is how you manage bear market drawdowns.”
True Spirituality is nothing but the basic honesty in day to day living.
“You can never make a person happy who is not at peace with himself.
You can never be at peace with yourself if you want everyone to be happy with you.”
Stupidity = Knowing what is right but Doing what is wrong.
Nothing outside us can ever be our strength.
“Good art inspires thought.
Great art inspires silence.”
“Discomfort is inevitable.
But Suffering is a choice.”
“In markets or in life,
what comes easy won’t last, &
what lasts won’t come easy.”
“Money is like oxygen.
You need it to survive,
but you don’t live only for oxygen.”
“In the stock market, You lose money, you regret.
You make less money, you regret.
You make money, still, you regret.
That is why it is very important to keep a balanced mind.”