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Sunday, April 22, 2018

Investment and Life Lessons - Part 13

Here's the PART 13 of our Investment and Life Lessons series. 

These are the ideas we've gathered from our various readings on business, stocks, economy, money, war, love and life. Our list is getting too long again hence we're sharing it with the Filipino Investors out there for them to learn a thing or two. 


1.    In any sort of a contest - financial, mental, or physical - it’s an enormous advantage to have opponents who have been taught that it’s useless to even try - Warren Buffett
2.    I look to the past for counsel
3.    No regrets, just lessons learned
4.    Gentlemen don't kiss and tell
5.    It is the fate of kings to do men good and to be hated for it
6.    You are not committed to something unless you are willing to sacrifice for it.
7.    Sacrifice the present for the future
8.    I think the history of finance resonates with one great lesson, and that is, when everybody agrees with something and their borrowing money to bet on it, beware
9.    True wealth is not money. It’s the option to buy what you truly need. If money can’t buy what you need, you’re on even footing with the poorest person out there - Dan Egan
10.  Information that you cannot apply, information that you don't have when you need it is worthless - Illacertus
11.  You don't start with a library, you start with a few books you’re going to study profoundly - Illacertus
12.  I was born not knowing and there is very little time to change that - Richard Feynman
13.  Be comfortable with the uncomfortable
14.  Never give up on a dream because of the time it will take to accomplish it. The time will pass anyway.
15.  The way to expand our lives is to model the lives of those people who are already succeeding.
16.  Everyone’s calmly passive until their experience their first 10% loss.
17.  No matter how dirty your past is, your future is still spotless
18.  Enlightened self interest, because you cant help others unless you can help yourself
19.  If fortune favours the brave then we must be bold! Take chances. Accept the consequences. Live a life worth remembering.
20.  A man with options has power, and from these options and this sense of power, a natural sense of confidence will manifest itself
21.  True power isn’t controlling others, but the degree to which you control the course of your own life and your own choices.
22.  No strategy is perfect, it’s a risky market. You have entered a risky profession - CFA Kaplan Prof
23.  Take yourself too seriously, and you'll miss out on one of the best jokes in the universe.
24.  Look at how I live, and copy it. - Paul
25.  Tell me, princess, now when did you last let your heart decide?
26.  Eventually, we get everything we want, just not all at once. - Christine Lagarde
27.  You come and go as you please
28.  The problem with thinking is that it never ends until you make it end.
29.  No man is more unhappy than he who never faces adversity. For he is not permitted to prove himself. - Seneca
30.  There’s a small group who can do the math. There’s an even smaller group who can explain it. But those few who can do both - they become billionaires - Bobby Axelrod
31.  Follow your hopes and not your fears
32.  With efficiency, there is compromise
33.  Share your completeness with someone not to be completed by someone
34.  Look at what they do, not what they say
35.  Never enter into a single relationship that you don’t think will last a lifetime
36.  Double coincidence of wants
37.  If a person wants to be a part of your life, they will make an obvious effort to do so.  Think twice before reserving a space in your heart for people who do not make an effort to stay
38.  The worst crime is faking it - Curt Cubain
39.  We live in a world where you can be born with nothing and die with an empire
40. In the end, I wanna be standing at the beginning with you
41.  All men are troubled when their moment has come
42.  As in Baldassare Castiglione’s Book of the Courtier: people need to be equal, at least for the purpose of the conversation, otherwise it fails. It has to be hierarchy-free and equal in contribution. You’d rather have dinner with your friends than with your professor, unless of course your professor understands “the art” of conversation
43.  Complexity comes from not having skin in the game - N. N. Taleb
44.  Things designed by people without skin in the game tend to grow in complication (before their final collapse). There is absolutely no benefit for someone in such a position to propose something simple: when you are rewarded for perception, not results, you need to show sophistication.
45.  Start by being nice to every person you meet. But if someone tried to exercise power over you, exercise power over him
46.  Those who talk should do and only those who do should talk
47.  Burn old logs. Drink old wine. Read old books. Keep old friends - Alphonso X
48.  Set for life
49.  If you are not willing to sacrifice for what you want, what you want will become your sacrifice. I will tell my son this.
50.  Bamboo spends five years building root systems underground, then launches 90 feet in 6 weeks
51.  To be a man is to perform
52.  Remember that you have the power within you to endure anything, for your mere opinion can render it tolerable, perhaps even acceptable, by regarding it as an opportunity for enlightenment or a matter of duty
53.  Most Of The Things You Worry About Will Never Happen. We’re all experts at creating imaginary challenges. We worry and expect the worst. There’s plenty of time to get upset after something negative actually happens. Avoid feeling nervous or upset before it’s justified.
54.  Find A Partner That Fits Into Your Life, Rather Than Trying To Build A Life Around Your Partner. Suppose you have a life-long dream of spending your winters in Florida and your summers in the south of France. Should you date someone that says they’ll never leave Oklahoma?
55.  It is way better to avoid the wrong things than do the right ones - NN Taleb
56.  There is no tomorrow for us to be peaceful in. We have to be orderly on the instant. - Jiddu Krishnamurti
57.  Necessity is the mother of invention
58.  A problem is a state of situation which needs an improvement
59.  If you can clearly define a problem then it is almost solved
60.  "Absurd" refers to the conflict between the human tendency to seek inherent value and meaning in life and the human inability to find any
61.  Endurance - the struggle to continue against a mounting desire to stop
62.  Man's greatest tragedy is that he can conceive of a perfection which he cannot attain. - Byron
63.  One, remember to look up at the stars and not down at your feet. Two, never give up work. Work gives you meaning and purpose and life is empty without it. Three, if you are lucky enough to find love, remember it is there and don't throw it away. - Stephen Hawking
64.  It would not be much of a universe if it wasn’t home to the people you love - Stephen Hawking
65.  No romance without finance
66.  I think it is better to have the world come to you than to chase the world.
67.  Haters hate themselves, that is the harsh truth
68.  A true mark of a player is a man who can experience emotions without becoming emotional.
69.  To say that "time is money" is a grotesque undervaluation of time. You can lose a fortune and make another one. Lost time is irretrievable. Do not trade time for trifles.
70.  To have faith is lose your mind and to win God
71.  Have fun in life you’re only gonna go through it once
72.  What you’re doing right now does not exist without what you did
73.  He lives well who is well hidden - Renes Descartes
74.  It's difficult to follow your dream. It's a tragedy not to.
75.  "There is only one success, to be able to spend your life in your own way." - Christopher Morley
76.  Formulas in math have to be named after the 2nd person to prove them because the first is always going to be Euler. - 3Blue1Brown
77.  The reasonable man adapts himself to the world: the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man. ― George Bernard Shaw
78.  Leisure is the mother of philosophy. - Thomas Hobbes
79.  History reports that the men who can manage men manage the men who can manage only things, and the men who can manage money manage all.
80.  The winners of any game are the people who are so addicted, that they continue playing even as the marginal utility from winning declines.
81.  Life is incredibly short and I'm reminded of that every year that flies by. We're not guaranteed tomorrow and it's important to seize the day and live it up.
82.  Just make it up as you go
83.  I’m a student of life
84.  The size of your problems is the size of your life
85.  I like you but I don't like this behaviour
86.  If not now, then when? This is a call to leadership. This is the fight of your lives. There is no more time.
87.  Every great life has had in it a great renunciation
88.  Renounce anything that keeps you small
89.  Your job as a man is to show up. That is your only measurement of success
90.  The absence of pain creates weak men obsessed with material goods, but lacking an inner fire.
91.  Your attitude of bitterness and hatefulness will destroy you.
92.  Easy pickings don't last very long in life, in sports, or markets
93.  As skill increases, luck becomes more important in shaping results - The Paradox of Skill, coined by Michael Mauboussin
94.  Patience can never be arbed away
95.  All you know is what you want
96.  Fortune and Fame. One is Life. One is Death. One is Freedom. One is a Prison. Most will never understand this.
97.  A real man says what he wants to say and lets it land
98.  Veni vidi vici
99.  Be the flame, not the moth
100.             Beauty needs a witness

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