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Saturday, June 27, 2020

Investment and Life Lessons - Part 17

Here's the PART 17 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. Cheers!
  1. The lucky man says it’s smarts. The unlucky man says it’s luck. The smart man says nothing.
  2. You borrow at 3% lend at 6% play golf by 3pm - british banking adage
  3. "The poor, the unsuccessful, the unhappy, the unhealthy are the ones who use the word tomorrow the most - Robert Kiyosaki
  4. The three most harmful addictions are heroin, carbohydrates, and a monthly salary ― N. N. Taleb
  5. Escape competition through authenticity - Naval
  6. To create things, you have to be a rational optimist - Naval
  7. Either you lead, follow or get out of the way - Naval
  8. I’d rather teach an engineer, marketing than a marketer, engineering
  9. If you failed, that means you’re doing something. If you’re doing something, you have a chance - Robert Kiyosaki
  10. The first biological lesson of history is life is a competition - Durrant
  11. Freedom and equality are sworn and everlasting enemies, and when one prevails, the other dies
  12. Leave men free and their natural inequalities will multiply almost geometrically, as in England and America in the 19th century under laissez-faire
  13. Having studied the fluctuations of prices they would know that history is inflationary, and that money is the last thing a wise man will hoard
  14. Normally and generally, men are judged by their ability to produce - except in war, where they are ranked according to their ability to destroy
  15. ‪During revolutions, there may be a redistribution of land, but the natural inequality of men soon recreates an inequality of possessions and privileges, and raises to power a new minority with essentially the same instincts as the old.‬
  16. The only real revolution is in the enlightenment of the mind and improvement in character
  17. We are in the business of building the nation - Oscar Bulaong Jr. PhD
  18. Praelectio, Lectio, Repetitio
  19. If they like you, you'll know. If they don't, you'll be confused
  20. My desire to get what i want is greater than my need to be accepted by society - CRP 
  21. Don’t wonder if she likes you, ask yourself if you like her
  22. When in rome, do as the romans do
  23. An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative
  24. You don’t try to be loyal. You just are, or you’re not - Bobby 'Axe' Axelrod
  25. To the mind that is still, the whole universe surrenders - Lao Tzu
  26. Nature does not hurry, yet everything is accomplished - Lao Tzu
  27. By letting it go it all gets done. The world is won by those who let it go. But when you try and try. The world is beyond the winning. - Lao Tzu
  28. A wise man is one who knows what he does not know - Lao Tzu
  29. Learn to follow first if you ever want to lead - Lao Tzu
  30. Time for action and time for no action - Lao Tzu
  31. Wu wei - non action, effortless action, action of non action
  32. In the face of such hopelessness as our eventual, unavoidable death, there is little sense in not at least trying to accomplish all of your wildest dreams in life. — Kevin Smith
  33. We make plans but then love demands a leap of faith
  34. If the opportunity is great, so are the challenges - madison
  35. A maxim is a subjective reason for acting
  36. Part of beauty is just a desire to live
  37. If the news is fake, imagine history
  38. If the promise is clear and powerful, then the price is easy to pay - Jim Rohn
  39. Set the kind of goal that would make something of you when you achieve it
  40. What was valuable was not the money, what was valuable was what I became to earn the money
  41. The moral code of society determines what is right within that society; that is, if the moral code of a society says that a certain action is right,  then that action is right, at least within that society - Cultural relativism
  42. If you don’t do the time, the time will do you - Robert Downey, Jr.
  43. The father buys, the son builds, the grandchild sells, and his great grandson begs
  44. Shirtsleeves to shirtsleeves in three generations
  45. It matters not how straight the gate, How charged with punishments the scroll, I am the master of my fate: I am the captain of my soul. - William Ernest Henley
  46. A fisherman sees another fisherman from afar - Gordon Gekko
  47. You cannot put a good man down
  48. Underperforming your neighbor is the hardest behavioral bias to overcome.
  49. I’ve heard Warren say a half a dozen times, ‘It’s not greed that drives the world, but envy - Charlie Munger.
  50. Borrow to produce, not to consume
  51. Money is a great servant but a bad master - Lord Francis Bacon
  52. Dedicate but do not overtake - Jovita "Joy" Polloso
  53. 3 Ps - People, Planet, Profit
  54. Obsession over the customer over the competitor - Bezos
  55. You can ignore reality, but you can't ignore the consequences of ignoring reality - Ayn Rand
  56. Don't wait to invest, invest and then wait
  57. If you have to closely follow a company, you shouldn't own it - Warren Buffett
  58. If you buy a farm with corn planted on it, you can't keep staring at it and hope that the corn grows faster or work and work, putting in more and more effort with the hope of growing the corn faster. Once the corn planting is finished and you’ve done what you have to do, you just have to wait - WEB paraphrased by KPV
  59. The release of atomic power has changed everything except our way of thinking ... the solution to this problem lies in the heart of mankind. If only I had known, I should have become a watchmaker. (1945)
  60. Wishes don't come true, actions come true
  61. Behind every successful man there is his abundance mindset
  62. Mercenary and auxiliary forces are useless and dangerous; and any ruler who keeps his state dependent upon mercenaries will never have real peace and security, for they are disorganized, undisciplined, ambitious and faithless
  63. Mercenaries are brave before their allies and cowards before the enemy
  64. The reason for all this is that they have no tie of devotion, no motive for taking the field except their meager pay
  65. They are quite anxious to be his soldiers so long as he avoids war, but let war come and they will either desert or flee
  66. I don't want to ignore this desire to be alive because i've never felt it this strongly - The Professor
  67. Someone once said that every man is trying to live up to his father's expectations or make up for their father's mistakes - Barack Obama
  68. I may came from nothing, but i want many things - Mr. Park
  69. There are only two mistakes one can make along the road to success; Not starting and not going all the way
  70. That's a common assumption but still an assumption
  71. Men of little prudence will do a thing for immediate gain without recognizing the poison it bears for the future - Machiavelli
  72. The man who does not recognize ills at their inception does not have true wisdom, and this is given to few
  73. Anyone searching for the first cause of the ruin of the Roman Empire will find that it began with the hiring of mercenaries
  74. No state, unless it have its own arms, is secure
  75. Alexander imitated Achilles, Caesar imitated Alexander
  76. I deem it best to stick to the practical truth of things rather than to fancies
  77. Many men imagined republics and principalities that never really existed at all
  78. Yet the way men live is so far removed from the way they ought to live that anyone who abandons what is, for what should be, pursues his downfall rather than his preservation
  79. For a man who strives after goodness in all acts is sure to come to ruin, since there are so many men who are not good
  80. Hence it is necessary that a prince who is interested in his survival learn to be other than good, making use of this capacity or refraining from it according to need
  81. The prince who bases his security upon their word, lacking other provisions, is doomed
  82. In the absence of capital, you are irrelevant
  83. Justice delayed is justice denied
  84. Common stocks look high and are high, but they are not as high as they look - Ben Graham during the 1955 Fulbright hearing in Washington on the inquirity if stocks are too high when the DJIA was trading at 400 beating the previous 1929 pre-great depression high of 280
  85. People build you up to tear you down - The Last Dance
  86. If I could do it all over again, I would never want to be considered as a role model. It's like a game that is stacked against me, there’s no way I can win - Michael Jordan
  87. KPV View re line 86 - yes valid, but being a role model made his Nike deals etc. a massive success, takeaway - being a role model is compelling provided you have a Nike type deal in place otherwise line 86 is correct
  88. You gain confidence by doing the things you never thought you could. Therefore, if you never attempt to do those things that appear impossible to you, you never gain confidence - BLL
  89. Mastery requires both impatience and patience.
  90. The impatience to have a bias toward action, to not waste time, and to work with a sense of urgency each day.
  91. The patience to delay gratification, to wait for your actions to accumulate, and to trust the process
  92. The problem with that is when you’re settling out for ok, you’re missing out on amazing - R
  93. The stuff of dreams
  94. Power is dangerous. It corrupts the best and attracts the worst. Power is only given to those who are prepared to lower themselves to pick it up - Ragnar Lothbrok
  95. They can't win till we quit - Michael Jordan
  96. Yes, I have made mistakes. Life didn't come with instructions - Ragnar Lothbrok
  97. The "Resistance" is the invisible force that prevents us from getting our most important work done. It comes in many forms – TV, social media, meetings, emails, less important tasks, etc. It never goes away either. We must fight it each day
  98. You cannot force a tree to grow
  99. You can only give it the right conditions (water, soil, sun). It is up to the tree to become a mighty oak. Same with humans. You can't do it for them
  100. If you are deeply committed to improvement & exceptional accomplishment, One of the toughest challenges you’ll face is coming to terms with an unfortunate fact: The overwhelming majority of people want neither truth nor improvement & will resent you for discussing either

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