Gabriel Pinkus > Gabriel's Quotes

“The great source of both the misery and disorders of human life, seems to arise from over-rating the difference between one permanent situation and another. Avarice over-rates the difference between poverty and riches: ambition, that between a private and a public station: vain-glory, that between obscurity and extensive reputation. The person under the influence of any of those extravagant passions, is not only miserable in his actual situation, but is often disposed to disturb the peace of society, in order to arrive at that which he so foolishly admires. The slightest observation, however, might satisfy him, that, in all the ordinary situations of human life, a well-disposed mind may be equally calm, equally cheerful, and equally contented. Some of those situations may, no doubt, deserve to be preferred to others: but none of them can deserve to be pursued with that passionate ardour which drives us to violate the rules either of prudence or of justice; or to corrupt the future tranquillity of our minds, either by shame from the remembrance of our own folly, or by remorse from the horror of our own injustice.”
― Adam Smith, The Theory of Moral Sentiments

“The difference between successful people and really successful people is that really successful people say no to almost everything.”
― Warren Buffett

“The most important thing to do if you find yourself in a hole is to stop digging.”
― Warren Buffett

“In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time -- none, zero. You'd be amazed at how much Warren reads--and at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out.”
― Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

“We both (Charlie Munger and Warren Buffett) insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.”
― Charles T. Munger

“We all are learning, modifying, or destroying ideas all the time. Rapid destruction of your ideas when the time is right is one of the most valuable qualities you can acquire. You must force yourself to consider arguments on the other side.”
― Charles T. Munger

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
― Warren Buffett

“It is what you read when you don't have to that determines what you will be when you can't help it.”
― Oscar Wilde

“In the case of good books, the point is not to see how many of them you can get through, but rather how many can get through to you.”
― Mortimer J. Adler

“Reading furnishes the mind only with materials of knowledge; it is thinking that makes what we read ours.”
― John Locke

“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”
― Warren Buffett

“Never ask a barber if you need a haircut.”
― Warren Buffett

“In my whole life, I have known no wise people (over a board subject matter area) who didn't read all the time - none, zero. You'd be amazed how much Warren reads - and at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out.”
― Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

“It takes character to sit with all that cash and to do nothing.
I didn't get top where I am by going after mediocre opportunities.”
― Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

“There is no better teacher than history in determining the future... There are answers worth billions of dollars in 30$ history book.”
― Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

“To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of
undeserving people.”
― Charles T. Munger

“Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day-if you live long enough-like most people, you will get out of life what you deserve.”
― Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

“In the short run, the market is a voting machine but in the long run, it is a weighing machine.”
― Benjamin Graham

“The stock investor is neither right or wrong because others agreed or disagreed with him; he is right because his facts and analysis are right.”
― Benjamin Graham, The Intelligent Investor

“On the other hand, investing is a unique kind of casino—one where you cannot lose in the end, so long as you play only by the rules that put the odds squarely in your favor.”
― Benjamin Graham, The Intelligent Investor

“In other words, the market is not a weighing machine, on which the value of each issue is recorded by an exact and impersonal mechanism, in accordance with its specific qualities. Rather should we say that the market is a voting machine, whereon countless individuals register choices which are the product partly of reason and partly of emotion.”
― Benjamin Graham, Security Analysis

“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
― Benjamin Graham, The Intelligent Investor

“A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.”
― Benjamin Graham, The Intelligent Investor

“If the reason people invest is to make money, then in seeking advice they are asking others to tell them how to make money. That idea has some element of naïveté.”
― Benjamin Graham, The Intelligent Investor

“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.”
― Warren Buffett

“Risk comes from not knowing what you're doing”
― Warren Buffett

“No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant.”
― Warren Buffett

“I'm only rich because I know when I'm wrong.”
― George Soros

“Misconceptions play a prominent role in my view of the world.”
― George Soros

“I learned very early the difference between knowing the name of something and knowing something.”
― Richard P. Feynman