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Sunday, February 7, 2021

Investment and Life Lessons - Part 19

Here's the PART 19 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. Competition keeps you in condition
2. Forbidding is forbidden to us - Mosley
3. Short-term investors will accept a 20% gain because they didn’t spend the time to develop the conviction and foresight to see the next 500% - Ian Cassel
4. If it was not for the elders correcting the mistakes of the young, there would be no state - Cicero
5. What Susie says of Sally says more of Susie than of Sally
6. The goal of media is to make every problem, your problem - Naval
7. The important thing to remember is not to forget
8. Money will not solve all your problems, but it will solve all your money problems
9. The ability to do what you want, when you want, with who[m] you want, for as long as you want to, pays the highest dividend that exists in finance - Housel
10. Someone who says "I am busy" is either declaring incompetence (and lack of control of his life) or trying to get rid of you. - @nntaleb
11. I'm not saying im not afraid or embarrassed, but i acted anyway - Jordan Belfort
12. If you're going to be an investor, you're going to make some investments where you don't have all the experience you need. But if you keep trying to get a little better over time, you'll start to make investments that are virtually certain to have a good outcome. - Charlie Munger
13. If you wait until you're ready, you'll be waiting the rest of your life. - Shane Parish
14. Your daily habits are 1000 times more important than who the president is.
15. A passion for incredible success in every department of my life - Jim Rohn
16. If you’re chasing something then sometimes you never get it, but if you forward the work and the right attitude then next you know is its bestowed upon you - Michael Jordan
17. Plateaus are the worst
18. Life is a game, play accordingly
19. Trust but verify - Russian Proverb
20. To achieve the greatest success, focus on making friends. Not enemies
21. Being openly smart is foolish, being openly foolish is smart
22. There are two types of people in the world. Those who need to know and those who need to believe - Nietsche
23. I am at peace with the knowledge that i've given it everything i've got
24. You can run out of money, before the promoter runs out of ideas - W. Buffet on overvalued stocks and short selling
25. Death smiles at us all, but all a man can do is smile back - Marcus Aurelius
26. When nothing is certain, everything is possible.
27. There is no righteous man on earth who does what is right and never sins
28. A man does not seek in a woman that which he seeks in other men; in the former, he seeks romantic fulfillment; in the latter, someone like-minded. Beauty and wisdom are rare gifts, and a person possessing both even rarer
29. Who are you? - A man on a mission
30. You know what, when i really think about it, i think i actually enjoy hardships - Seo Dal Mi
31. Manly boldness tempered with modesty. - hand in vest, circa Napoleon Bonaparte
32. When a good ball is coming your way, swing your bat with all your might 
33. There is no good or bad stock, only good or bad price
34. I worked in the hedge fund industry for 20 years and my biggest take-away is that there is no complexity premium - The Rational Reminder Podcast
35. Cope with whatever comes and work really hard at being rational - Charlie Munger
36. Success is the progressive realization of a worthy ideal - Earl Nightingale
37. The best way for you to get what you want in life is to deserve what you want - Charlie Munger
38. There are no desperate situations, only desperate men. That is what I have always kept in mind - quoted by Enrique Razon from a book
39. Leadership is influence (the ability to get followers)
40. He who thinketh he leadeth and hath no one following him is only taking a walk
41. Leadership is the ability to obtain followers
42. Most people define leadership as the ability to achieve a position, rank, or title and upon their arrival think they have become a leader
43. Everyone influences someone
44. All of us are leading in some areas, while in other areas we are being led
45. Power Triangle: Communication, recognition, influence
46. The higher the person’s level of true ability and resulting influence, the more secure and confident he becomes
47. When the leader lacks confidence, the followers lack commitment
48. Pecking order principle: in any flock one hen usually dominates all the others. She can peck any other without getting pecked in return. Second comes a hen that pecks all but the top hen, and the rest are arranged in a descending hierarchy, ending in one hapless hen that is pecked by all and can peck no one
49. There are two things that are most difficult to get people to do: to think and to do things in order of importance. These two things are the difference between a professional and an amateur
50. Practical people know how to get what they want; Philosophers know what they out to want; Leaders know how to get what they ought to want
51. Success is the progressive realization of a predetermined goal
52. A life in which anything goes will ultimately be a life in which nothing goes
53. There is no loss in going for it
54. Culture trumps strategy - Peter Drucker
55. Aligned - Rachel Consunji
56. Describe the behaviour and give a potential consequence of the behaviour
57. As usual, I want the impossible - King of Kiev
58. The standard pace is for chumps
59. Nature did not select me, I selected myself by selecting my nature - Bobby Axelrod
60. The world is whatever the hell you make it - Chuck Rhodes Sr.
61. I will do you the courtesy of treating you like professionals, do me the same - Chuck Rhones Jr.
62. When bankers get together for dinner they discuss art. When artists get together for dinner, they discuss money - Oscar Wilde
63. I know you meant no harm, but harm’s coming 
64. I wanna keep busy, and keep active and be interested in what I do, that’s all there is to life as far as i’m concerned. I’m not looking to make tremendous amounts of money, im looking to enjoy my life and if that happens to go with it, that’s fabulous - Donald Trump
65. Everything i’ve ever done started small - Jeff Bezos
66. I laugh easily and often - Jeff Bezos
67. When I’m 90, I wanna have minimized the number of regrets that I have in my life and most of our regrets are acts of omission, the things we didn't try, it’s the path untraveled, those are the things that haunt us - Jeff Bezos
68. The stock is not the company and the company is not the stock - Jeff Bezos
69. I am not a traitor to my own class. I am just an extreme example of what a working man can achieve - Thomas Shelby
70. I think that if God forgives us we must forgive ourselves. Otherwise,  it is almost like setting up ourselves as a higher tribunal than Him. ~ C. S. Lewis
71. If we become knowledgeable, then we become good sincere people, good sincere people have good families, good families make healthy communities which create a strong state - Master Kong Qui
72. Virtue and order are intertwined. Virtue is about becoming a superior individual so that you can become a building block for a strong virtuous state. Building a strong virtuous healthy and lasting kingdom begins with everyone doing their part to gain the knowledge necessary to be sincere and virtuous individuals that understand and respect their place in their family and in society - Master Kong Qui
73. Shu - Golden rule
74. You’re not right or wrong because a thousand people agree with you and you’re not right or wrong because a thousand people disagree with you - Warren Buffet
75. It’s a terrible mistake to think you have an opinion on everything. You only need to have an opinion on a few things. - Warren Buffett
76. I’m shoveling shit to remind myself what I’d be if I wasn’t who I am - Thomas Shelby
77. When you have planned something well, there is no need to rush - Thomas Shelby
78. Everyone's a whore. We just sell different parts of ourselves - Thomas Shelby
79. You can change what you do but you can’t change what you want - Thomas Shelby
80. The one minute. The soldier's minute. In a battle, that's all you get. One minute of everything at once. And anything before is nothing. Everything after is nothing. Nothing is in comparison to that one minute. - Thomas Shelby
81. Turn trash into resources - lesson from Peaky Blinders
82. Plan all the way to the end
83. There will be no rest for me in this Life, perhaps in the next - Thomas Shelby
84. It’s important to be neutral, striving not to strive - Ip Man
85. We have often been asked what is the secret to our success. There is no secret to it, it’s just the basics done well - Nestor V. Tan
86. Wouldn't  you rather deal with the devil you know than the devil you don’t? - NVT
87. Our success has always been measured in terms of size. We never set out to be No. 1. That was not our goal. We wanted to be good at what we do — one client, one product, one transaction at a time. Becoming big was just a by-product of doing what we do relatively well. - NVT
88. Our careers will only grow if the institution grows, and the institution will only grow if the country grows. Therefore, as management practitioners, we have a responsibility to help our economy grow. And that means making an effort to influence policy issues that hamper the growth of our company, our industry, and our nation’s economy - Washington Sycip
89. The master… accomplishes much without doing anything 
90. Act by not acting; do by not doing - wu wei, tao te ching
91. For those who practice not-doing, everything will fall into place - Lao Tzu
92. Embrace simplicity. Put others first. Desire little
93. The master accepts things as they are, and out of compassion avoids extravagance, excess and the extremes - Lao Tzu
94. The skillful commander strikes a decisive blow, then stops - Lao Tzu
95. By losing their selfish desires, the world would naturally settle into peace - Lao Tzu
96. In losing, much is gained, and, in gaining, much is lost - Lao Tzu
97. The strong and violent will not die a natural death - Lao Tzu
98. Knowing when you have enough avoids dishonour, and knowing when to stop will keep you from danger and bring you a long, happy life - Lao Tzu
99. Mastery of the world is achieved by letting things take their natural course. You can not master the world by changing the natural way - Lao Tzu
100. Good fortune has its roots in disaster, and disaster lurks with good fortune. Who knows why these things happen, or when this cycle will end? Good things seem to change into bad, and bad things often turn out for good. These things have always been hard to comprehend - Lao Tzu

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