Quotes

Impossible only means that you haven't found the solution yet !

Quotes

"Live in such a way, that if someone spoke badly of you, no one would believe it."

Quoted

Understand that most problems are a good sign.
Problems indicate that progress is being made, wheels are turning, you are moving toward your goals.
Beware when you have no problems.
Then you've really got a problem.

Problems are like landmarks of progress - Scott Alexander

Quote

You can never cross the ocean unless you have the courage to lose sight of the shore. Christopher Columbus

Quotations by Warren Buffett

A public-opinion poll is no substitute for thought.

Chains of habit are too light to be felt until they are too heavy to be broken.

Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.

I always knew I was going to be rich. I don't think I ever doubted it for a minute. Warren Buffett

I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.

I buy expensive suits. They just look cheap on me.

I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.

I violated the Noah rule: Predicting rain doesn't count; building arks does.

If a business does well, the stock eventually follows.

If past history was all there was to the game, the richest people would be librarians.

It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

Let blockheads read what blockheads wrote.

Let us do or die.

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

Never invest in a business you cannot understand.

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.

Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

Our favorite holding period is forever.

Our favourite holding period is forever.

Price is what you pay. Value is what you get.

Risk comes from not knowing what you're doing.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.

The first rule is not to lose. The second rule is not to forget the first rule.

The investor of today does not profit from yesterday's growth.

The only time to buy these is on a day with no "y" in it.

The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves-and the better the teacher, the better the student body.

There seems to be some perverse human characteristic that likes to make easy things difficult.

We enjoy the process far more than the proceeds.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.

Why not invest your assets in the companies you really like? As Mae West said, "Too much of a good thing can be wonderful".

Wide diversification is only required when investors do not understand what they are doing.

You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.

You only have to do a very few things right in your life so long as you don't do too many things wrong.

Your premium brand had better be delivering something special, or it's not going to get the business.

Source :http://www.wordpower.ws/quotations/warren-buffet-quotes.html

Quoted

-> Small opportunities are often the beginning of great enterprises.

-> Do not be afraid of growing slowly. Be afraid of standing still.

-> Inspiration is what gets you started. Motivation is what keeps us on track. And Habit is what makes it automatic. Develop good habits to win.

-> Impossible doesn't mean that it is not possible. It means that nobody has done it so far.

-> Be faithful to that which exists within yourself.

Great Power , Great Responsibility - Spiderman

"Whatever life holds in store for me, I will never forget these words: 'With great power comes great responsibility.' This is my gift, my curse. Who am I? I'm Spider-man."

Motivational

"When it rains, most birds fly for shelter. But the eagle alone avoids the rain by flying above the clouds."

Motivational

Failure is not negative. It is a teacher. It molds, refines, and polishes you so that one day your light will shine for all to see.

It isn’t the failure you experience that will determine your destiny, but your next step and then the next that will tell the story of your life.

Contributed by : Mr Sushil

Stopping by Woods on a Snowy Evening

by Robert Frost

Whose woods these are I think I know.
His house is in the village, though;
He will not see me stopping here
To watch his woods fill up with snow.

My little horse must think it queer
To stop without a farmhouse near
Between the woods and frozen lake
The darkest evening of the year.

He gives his harness bells a shake
To ask if there's some mistake.
The only other sound's the sweep
Of easy wind and downy flake.

The woods are lovely, dark and deep,
But I have promises to keep,
And miles to go before I sleep,
And miles to go before I sleep.

Let me edit a bit for stock market

Bulls are roaring, new highs and peaks,
But I have promises to keep bears alive,
And miles to go let me breath ,
And miles to go before I sleep.

Quoted

Kishore Biyani's book, where he traverses through his experiences in growing Pantaloons, Big Bazaar, Central etc. from his life as a trader to an industry 'maverick'.

".. we were fortunate to have a group of long-term individual investors who stared believing in us. All of them had visited our stores and were prepared to focus more on the number of customers coming in, rather than the financial numbers on the balance sheet ...

One of the first was a Bengali gentleman from Kolkata who happened to visit the Pantaloons outlet in Gariahat. He saw the crowds and the merchandise we were offering and started to put in his stakes. He did not get good returns in the beginning, but his trust in us was so strong that he kept acquiring our stock as well as recommending it to his friends in the investment community ..."

Rakesh Jhunjhunwala :

The market's anxiety emerged from a lack of appreciation of retailing as a business and of Kishore as a person. He was considered over-ambitious, but they all missed the big picture as well as the bus.

Kishore was aggressive in a field that was supposed to see a lot of growth in India. The stock market was concerned about the high debt-equity ratio. But I found that it wasn't the debt that was high, it was just the equity base which was low. So we helped him raise funds through private placements.

The backed Kishore because he was very different from most entrepreneurs. First of all, he was very aggressive and secondly, he wasn't money-minded. For him achievement meant doing what he thought innovative. He understood customers well and there was a lot of clarity in his thinking. Also, he went beyond the numbers. I found this quality to be a key differentiator. ...

Quotes

"Stay focused on a vision but remain open to inspiration from everywhere. Begin with one great idea that's better than the alternatives. Develop a total aesthetic but always leave room for surprises... Take big risks with a healthy dose of risk management. Become Goliath but always behave like David."

Common Stocks and Uncommon Profits

On of the finest books on investment strategies ever written is by Philip Fisher in his book "Common Stocks And Uncommon Profits". Fisher summarized his investment philosophy into eight points:
1. Buy stocks of companies that have disciplined plans for achieving dramatic long-term growth in both profits and revenues. Such companies must also have inherent qualities that make it difficult for new entrants into that business to share in such growth.

2. Fisher prefers to focus on such companies when they are out of favor; i.e., market conditions are not favorable or the financial community does not properly perceive the true worth of such companies.

3. Hold the stocks that you buy until there has been either a fundamental change in the company's nature or it has grown to a point where it will no longer be growing at a faster rate than the economy as a whole. He also says that one should never sell his most attractive stocks for short-term reasons.

4. If your primary investment goal is long-term appreciation of capital, then you should de-emphasize the importance of dividends.

5. Recognize that making mistakes is an inherent cost of investing. The important thing is that the investor must be able to recognize such mistakes as soon as possible, understand their causes, and learn from them so that they are not repeated. A willingness to take small losses in some stocks while letting profits grow bigger and bigger in your more promising stocks is a sign of good investment management. Don't just take profits for the satisfaction of taking them.

6. Realize that there are a relatively small number of truly outstanding companies. Your funds should be concentrated in the most desirable opportunities. "For individuals (in possible contrast to institutions and certain types of funds), any holding of over twenty different stocks is a sign of financial incompetence. Ten or twelve is usually a better number."

7. An important ingredient of successful investing is to have more knowledge and apply your judgment after thoroughly evaluating specific situations. You should also have the moral courage to act against the crowd when your judgment tells you that you are right.

8. One of the basic rules of life also applies to successful investing -- success is highly dependent upon a combination of hard work, intelligence, and honesty. Fisher concludes this book with the following paragraph:
"While good fortune will always play some part in managing common stock portfolios, luck tends to even out. Sustained success requires skill and consistent application of sound principles. Within the framework of my eight guidelines, I believe that the future will largely belong to those who, through self-discipline, make the effort to achieve it."

Michael Jordan Trading Quotes

Michael Jordan is not only was he one of the most talented players to ever grace the hardwood, he also was one of the most hardworking and mentally prepared. Few things to learn from Jordan is that you must have confidence in your abilities, strive to continually make yourself better, be determined and outwork your opponent.

Here are a few quotes, that as traders, we can all benefit from.

I never looked at the consequences of missing a big shot... when you think about the consequences you always think of a negative result.

I play to win, whether during practice or a real game. And I will not let anything get in the way of me and my competitive enthusiasm to win.

I've always believed that if you put in the work, the results will come. I don't do things half-heartedly. Because I know if I do, then I can expect half-hearted results.

I've missed more than 9000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed.

If you accept the expectations of others, especially negative ones, then you never will change the outcome.

If you're trying to achieve, there will be roadblocks. I've had them; everybody has had them. But obstacles don't have to stop you. If you run into a wall, don't turn around and give up. Figure out how to climb it, go through it, or work around it.

My attitude is that if you push me towards something that you think is a weakness, then I will turn that perceived weakness into a strength.

Some people want it to happen, some wish it would happen, others make it happen.

The game is my wife. It demands loyalty and responsibility, and it gives me back fulfillment and peace.