Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News

 

10+10 Invaluable Quotes From Money Masters And Great Philosophers

Dec 21 2013, 9:56am CST | by

10 Updates
10+10 Invaluable Quotes From Money Masters And Great Philosophers
Photo Credit: Forbes
 
 

Comments

Full Story

10+10 Invaluable Quotes From Money Masters And Great Philosophers

With Wall Street reaching new highs this year, investors may want to pause for a moment and re-assess their investment strategy and personal lifestyle, reaching for the wisdom of money masters and great philosophers.

The wisdom of Money Masters can help investors manage money effectively and avoid costly mistakes that can reverse their fortunes. And the wisdom of Great Philosophers can help investors use their fortunes to live the good life, as a great deal of money doesn’t necessarily bring happiness.

In the text that follows the wisdom of money masters and great philosophers is condensed into 20 quotes that are easy to remember and apply in everyday life.

Ten Quotes from Money Masters:

1. Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell—Sir John Templeton

2. In bear markets, things first decline to reasonable prices, then they fall to cheap prices, and then they reach unbelievable giveaways prices. After that, things get really bad, and everybody gets cleaned out—Jim Rogers

3. Earning power is as valuable as assets, therefore try to buy earning power at a discount—George Michailis

4. The usual way I lose money is by buying concept stocks—Philip Carret

5. One must understand the interaction between intelligence and emotion as they in turn respond to the market —George Michailis

6. Investors operate with limited intelligence: they do not know everything. As long as they understand something better than others, they have an edge—George Soros

7. The investor’s chief problem—and even worst enemy—is likely to be himself—Benjamin Graham

8. Seek facts diligently; advice never—Philip Carret

9. On the long side, I’m looking for lower-multiple dull stocks, laggards, with a recovery potential. On the short side, I want to be in the best-known companies of America, the areas of speculative focus. I’m usually short the Who’s Who of the market, stocks in the institutional universe—Michael Steinhardt

10. My approach works not by making valid predictions, but by allowing me to correct false ones. —George Soros

Source: John Train, The New Money Masters (New York: Harper Perennial, 1989)./>/>

Ten quotes from Great Philosophers:

1. The unexamined life is not worth living—Plato

2. Remove utterly your desire; for if you desire some one of the things that are not under your control you are bound to be unfortunate. . . .Never say about anything, “I have lost it,” but only “I have given it back. . . .It is not things themselves that disturb men, but their judgments about these things—Epictetus

3. Friendship is a relationship in which two people come to share the same soul—Aristotle

4. By pleasure we mean the absence of pain in the body and of turmoil in the mind—Epicurus

5. No person is free who is not master of himself—Epictetus

6. Nothing in excess—Solon

7. Reproach yourself for the things you do wrong—Pythagoras

8. A prosperous fool is a grievous burden—Aeschylus

9. The man who does evil to others does evil to himself—Hesiod

10.  No act of kindness is ever wasted—Aesop

Source: M.A. Soupios And Panos Mourdoukoutas, The Ten Golden Rules, Hampton Roads, 2009

Source: Forbes

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update

Update: 10

4 Firms In Iskandar Malaysia Get Facilitation Fund Totalling RM16.2 Million

Source: Malaysia Today

(Bernama) – Four companies have received the facilitation fund amounting to RM16.2 million from TERAJU@Iskandar Malaysia in an information sharing programme on business opportunities and assistan ...
Source: Malaysia Today   Full article at: Malaysia Today 6 days ago, 7:42am CDT
 


Advertisement


Update: 9

Selangor’s Watergate about to explode

Source: Malaysia Today

Anwar brought Wan Azmi to meet Khalid to try to resolve this matter. Anwar supports the RM2.5 billion claim but Khalid is stubbornly sticking to the figure of RM250 ...
Source: Malaysia Today   Full article at: Malaysia Today 1 week ago, 4:12am CDT
 

More From the Web

Update: 8

GLCs told to provide RM7 billion to develop Bumiputera firms

Source: Malaysia Today

(The Malaysian Insider) – Putrajaya has directed government-linked companies (GLC) to generate RM7 billion in business opportunities for Bumiputera firms this year, Prime Minister Prime Minister Datuk ...
Source: Malaysia Today   Full article at: Malaysia Today Jul 17 2014, 2:05am CDT
 

Update: 7

Rafizi shows proof of Putrajaya’s hand in contentious carpet-trader loan

Source: Malaysia Today

Eileen Ng, The Malaysian Insider PKR lawmaker Rafizi Ramli today revealed documents to prove Putrajaya interfered in the RM32 million Bank Rakyat loan to ‎controversial businessman Deepak Jaikishan. Rafizi (pic)... R ...
Source: Malaysia Today   Full article at: Malaysia Today Jul 16 2014, 2:16am CDT
 

Update: 6

PAS MP claims Bank Rakyat loaned carpet-trader RM215m, interest free

Source: Malaysia Today

(Malay Mail Online) – Controversial businessman Deepak Jaikishan (pic) was given a whopping RM215 million interest-free loan from state-owned Bank Rakyat, a PAS lawmaker alleged today, despite Putrajaya’s claims otherw ...
Source: Malaysia Today   Full article at: Malaysia Today Jul 14 2014, 5:52am CDT
 

Update: 5

MRCB, Nusa Gapurna and PKNS settle suit over RM3 billion PJ Sentral project

Source: Malaysia Today

(The Malaysian Insider) – Malaysian Resources Corp Bhd (MRCB), Nusa Gapurna Development Sdn Bhd (NGD) and PKNS Holdings Sdn Bhd have reached an out-of-court settlement over the ownership of the... READ ...
Source: Malaysia Today   Full article at: Malaysia Today Jun 21 2014, 2:53am CDT
 

Update: 4

Story behind Syed Mokhtar’s ‘RM2.25 billion tax-exempt’ Bernas deal revealed, says PKR MP

Source: Malaysia Today

(The Malaysian Insider) – An innocuous written reply in Parliament has provided a peek into the cosy relationship between the Najib administration and Malaysia’s best-known businessman, Tan Sri Syed Mokhtar... READ MORE ...
Source: Malaysia Today   Full article at: Malaysia Today Jun 15 2014, 12:56pm CDT
 

Update: 3

Constitutional monarchy still murky concept

Source: Malaysia Today

After the RM4.5 billion land sale, the Sultan of Johor secured a 15% stake in MOL Access Portal (MOL) for RM396 million and took a 20% stake in Berjaya Times... READ ...
Source: Malaysia Today   Full article at: Malaysia Today Jun 14 2014, 12:37am CDT
 

Update: 2

Sultan of Johor’s RM4.5 bil backlash?

Source: Malaysia Today

Has Sultan Ibrahim of Johor’s succession of big money deals over the last six months caused the tide of public opinion to turn against Johor’s royal palace? KiniBiz examines the... READ MOR ...
Source: Malaysia Today   Full article at: Malaysia Today Jun 11 2014, 8:49am CDT
 

Update: 1

Putrajaya denies carpet dealer given interest-free loan

Source: Malaysia Today

Eileen Ng, The Malaysian Insider Putrajaya today refuted allegations that Bank Rakyat had allowed carpet dealer Deepak Jaikishan to repay a RM32 million loan without interest following intervention from a... READ MO ...
Source: Malaysia Today   Full article at: Malaysia Today Jun 11 2014, 5:44am CDT
 

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

 

Comments

blog comments powered by Disqus

Latest stories

New Video Shows Orlando Bloom Punch the Bieber over Miranda Kerr
New Video Shows Orlando Bloom Punch the Bieber over Miranda Kerr
A new video gives a clear view of the punch Orlando Bloom landed on Justin Bieber. Was it over Miranda Kerr?
 
 
Dollarbird App Review
Dollarbird App Review
Dollarbird is a cutting-edge finance tracking application that has received quite an applause by the numerous users. It is a far-reaching and dynamic tool for handling your finances and it assists you in placing your money in places that matter. It enables you to effortlessly have a trajectory and make a thorough prognosis about your finances.
 
 
Light Flow App Review
Light Flow App Review
The Light flow app is particularly useful for those users who find it difficult to manage and/or respond to their notifications. Light flow ideally allows you to take full control of the notifications on your Smartphone. The app allows you to set different sound patterns on mobile vibration in order to alert you for your notifications.
 
 
VSCO Cam App Review
VSCO Cam App Review
The VSCO cam is a highly productive and useful app. It is regarded as one of the smartest and easy to use photo editing apps. It gives its user the optimal way of shooting, editing, adjusting, and then sharing their enhanced photographs with their friends and family. The customers rate this app quite high and it ideally stands among the top 5 photo editing apps in the market today.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.