Menu
Clone of Alibaba (BABA) IPO Shares Jump 36%

Alibaba (BABA) IPO Shares Jump 36%

The Sexiest Halloween Costumes of 2014

The Sexiest Halloween Costumes of 2014

Mazda Miata 2016 model revealed

Mazda Miata 2016 model revealed

Miley Cyrus New Butt Gets in Trouble with Law

Miley Cyrus New Butt Gets in Trouble with Law

Larry Ellison Steps Down as CEO of Oracle

Larry Ellison Steps Down as CEO of Oracle

10+10 Invaluable Quotes From Money Masters And Great Philosophers

Dec 21 2013, 9:56am CST | by , in News

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

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

You Might Also Like

Updates

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

Apple details out-of-warranty repair costs for the iPhone 6 family
Apple details out-of-warranty repair costs for the iPhone 6 family
The charges are separated into three categories – screen damage, battery and power, and other repairs.
 
 
Goldgenie offers 24ct gold-plated iPhone 6 and iPhone 6 Plus
Goldgenie offers 24ct gold-plated iPhone 6 and iPhone 6 Plus
You can get either an Apple iPhone 6 or an iPhone 6 Plus in one of three versions.
 
 
Kim Kardashian Nude Photos Leaked by Hacker
Kim Kardashian Nude Photos Leaked by Hacker
We have a new celebrity nude photo scandal this weekend. A hacker has published nude photos of Kim Kardashian and others on 4Chan.
 
 
New Apple iPads Set to Continue the Sucess Story
New Apple iPads Set to Continue the Sucess Story
The new iPads for 2014 are expected to be unveiled mid-October based on the latest rumors. Time to take a look where the iPad has come from.
 
 
 

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.