5 Great People – 50 Spectacular “Quotes”

It is my belief that nearly any invented quotation, played with confidence, stands a good chance to deceive.

– Following the Equator

Warren Buffett –

The guru to almost every investor. The Chairman of Berkshire Hathaway, and also ranked by Forbes as the second richest person in the world.

1. I buy expensive suits. They just look cheap on me.
2. [The perfect amount of money to leave children is] enough money so that they would feel they could do anything, but not so much that they could do nothing.
3. Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac’s talents didn’t extend to investing: He lost a bundle in the South Sea Bubble, explaining later, ‘I can calculate the movement of the stars, but not the madness of men.’ If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases.
4. Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway.
5. You only have to do a very few things right in your life so long as you don’t do too many things wrong.
6. Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
7. Only when the tide goes out do you discover who’s been swimming naked.
8. Keeping liquidity and not investing in such a low market is like saving up for sex in your old age.
9. I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
10. If you don’t know jewellery, know the jeweller.

Bill Gates –

Worlds richest person and the founder of Microsoft.

1. Success is a lousy teacher. It seduces smart people into thinking they can’t lose.
2. Your most unhappy customers are your greatest source of learning.
3. I really had a lot of dreams when I was a kid, and I think a great deal of that grew out of the fact that I had a chance to read a lot.
4. If GM had kept up with technology like the computer industry has, we would all be driving $25 cars that got 1000 MPG.
5. If you can’t make it good, at least make it look good.
6. If you think your teacher is tough, wait until you get a boss. He doesn’t have tenure.
7. Like almost everyone who uses e-mail, I receive a ton of spam every day. Much of it offers to help me get out of debt or get rich quick. It would be funny if it weren’t so exciting.
8. Television is not real life. In real life people actually have to leave the coffee shop and go to jobs.
9. There are people who don’t like capitalism, and people who don’t like PCs. But there’s no-one who likes the PC who doesn’t like Microsoft.
10. Windows 2000 already contains features such as the human discipline component, where the PC can send an electric shock through the keyboard if the human does something that does not please Windows.

Donald Trump –

Chairman and CEO of the Trump Organization.

1. As long as your going to be thinking anyway, think big.
2. I don’t make deals for the money. I’ve got enough, much more than I’ll ever need. I do it to do it.
3. With out passion you don’t have energy, with out energy you have nothing.
4. I wasn’t satisfied just to earn a good living. I was looking to make a statement.
5. If you’re interested in ‘balancing’ work and pleasure, stop trying to balance them. Instead make your work more pleasurable.
6. It’s tangible, it’s solid, it’s beautiful. It’s artistic, from my standpoint, and I just love real estate.
7. Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.
8. Sometimes your best investments are the ones you don’t make.
9. The first thing the secretary types is the boss.
10. What separates the winners from the losers is how a person reacts to each new twist of fate.

Charlie Munger –

Vice-Chairman of Berkshire Hathaway Corporation.

1. Forgetting your mistakes is a terrible
   error if you are trying to improve your cognition.
2. Only in fairy tales are emperors told they’re naked.
3. Wisdom acquisition is a moral duty. It’s not just something you do to advance in life.
4. You can progress only when you learn the method of learning.
5. I constantly see people rise in life who are not the smartest — sometimes not even the most diligent. But they are learning machines; they go to bed every night a little wiser than when they got up. And, boy, does that habit help, particularly when you have a long run ahead of you.
6. If you want to help India, the question you should ask is not, ‘How can I help India?’ It’s, ‘What’s doing the worst damage in India. What will automatically do the worst damage, and how can I avoid it?’ […] Those of you who have mastered algebra know that inversion frequently will solve problems that nothing else will solve.
7. Understanding how to be a good investor makes you a better business manager and vice versa.
8. If you took our top fifteen decisions out, we’d have a pretty average record. It wasn’t hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on them with vigour.
9. Checklist routines avoid a lot of errors. You should have all of this elementary wisdom, and you should go through a mental checklist in order to use it. There is no other procedure that will work as well.
10. If I can cheerfully die, any industry can cheerfully shrink. And they will.

Henry Ford –

Founder of the Ford Motor Company.

1. A market is never saturated with a good product, but it is very quickly saturated with a bad one.
2. Any colour – so long as it’s black.
3. A business that makes nothing but money is a poor business.
4. Anyone who stops learning is old, whether at twenty or eighty. Anyone who keeps learning stays young. The greatest thing in life is to keep your mind young.
5. Thinking is the hardest work there is, which is probably the reason why so few engage in it.
6. Failure is simply the opportunity to begin again, this time more intelligently.
7. If you think you can do a thing or think you can’t do a thing, you’re right.
8. It is not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages.
9. Nothing is particularly hard if you divide it into small jobs.
10. Quality means doing it right when no one is looking.

Bonus Read 🙂 – Found some other very good quotations while compiling the above. Sharing them below (did I really say only 50 😛 )

Victor Sperandeo – (Trader Vic)

The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.

Jesse Livermore

There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time.

Charlie Chaplin

I went into the business for the money, and the art grew out of it. If people are disillusioned by that remark, I can’t help it. It’s the truth.