Detta är bra. Därför håller jag inte med om uttalandet som florerar här ibland att processen kan vara bra även om utfallet blir dåligt. Man måste döma processen utifrån resultatet, menar jag. Det är väl det som W.C. också säger.
Every time I hear someone talking about “cash on the sidelines,” waiting to go “into” this or that, it’s like seeing an adult who believes in Santa Claus. On one hand, you think, “oof, nobody’s told them.” Yet at the same time, the innocence is kind of sweet.
John Hussman, Twitter
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Don’t ever argue with an idiot.
They only drag you to their level
And beat you with experience.
Mark Twain
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“The function of prayer is not to influence God, but rather to change the nature of the one who prays.” — Kierkegaard
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Ty den som har, åt honom skall varda givet, så att han får över nog; men den som icke har, från honom skall tagas också det han har.
(Matteus 13:12)
Modiga och givmilda
män leva bäst,
nära sällan sorg;
men fåvitsk man
fruktar allt möjligt,
sörjer alltid snål vid gåvor.
(Hávamál)
Om målet med samhällsutvecklingen skulle vara att vi alla skulle arbeta maximalt vore vi sinnessjuka. Målet är att frigöra människan till att skapa maximalt. Dansa. Måla. Sjunga. Ja, vad ni vill. Frihet.
(tillskrivet Ernst Wigforss, finansminister 1925-1926 och 1932-1949)
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Min favorit från Hávamál:
Fä dör, fränder dö, även själv skiljes du hädan, men ett vet jag, som aldrig dör, domen över död man.
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Ah, arrogance and stupidity all in the same package. How efficient of you!
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Gud! Ge mig sinnesro att acceptera det jag inte kan förändra, mod att förändra det jag kan och förstånd att inse skilnaden.
Sinnesrobönen.
12-stegsrörelsens främsta bön
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Nick Magiulli dunkade in en sida med citat idag:
Här är några favoriter:
“Fear incites human action far more urgently than does the impressive weight of historical evidence.”
-Jeremy Siegel*, Stocks for the Long Run (3rd Edition)
“When it’s dark enough, you can see the stars.”
-Old Persian Proverb
“The game of professional investment is intolerably boring and overreacting to anyone who is entirely exempt from the gambling instinct; whilst he who has it must pay to this propensity the appropriate toll.”
-John Maynard Keynes, The General Theory of Employment, Interest, and Money
“If you don’t know who you are, this is an expensive place to find out.”
-Adam Smith (pseudonym for George Goodman), The Money Game
“Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.”
-Warren Buffett*, Berkshire Hathaway 2004 Letter to Shareholders
“Wall Street sells stocks and bonds, but what it really peddles is hope.”
-Jason Zweig, The Devil’s Financial Dictionary
“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.”
-Paul Samuelson
“The investor’s chief problem — and even his worst enemy — is likely to be himself.”
-Benjamin Graham, The Intelligent Investor
“Wealth isn’t primarily determined by investment performance, but by investor behavior.”
-Nick Murray, Simple Wealth Inevitable Wealth
“The greatest lesson in life is to know that even fools are right sometimes.”
-Winston Churchill
“A bull market is like sex. It feels best just before it ends.”
-Barton Biggs, Berkshire Hathaway 2013 Letter to Shareholders
“There seems to be an unwritten rule on Wall Street: If you don’t understand it, then put your life savings into it.”
-Peter Lynch, One Up on Wall Street
“I tell my father’s story of the gambler who lost regularly. One day he hears about a race with only one horse in it, so he bet the rent money. Halfway around the track, the horse jumped over the fence and ran away.”
-Howard Marks, The Most Important Thing
“Risk and time are opposite sides of the same coin, for if there were no tomorrow there would be no risk. Time transforms risk, and the nature of risk is shaped by the time horizon: the future is the playing field.”
-Peter L. Bernstein, Against the Gods
“I am more concerned about the return of my principal than the return on my principal.”
-Will Rogers
“When you want to test the depths of the stream, don’t use both feet.”
-Chinese Proverb
“Liquidity is only there when you don’t need it.”
-Old Proverb, The Devil’s Financial Dictionary
“Risk cannot be eliminated; it just gets transferred and spread.”
-Howard Marks, The Most Important Thing
“There is no such thing as no risk. There’s only this choice of what to risk, and when to risk it.”
-Nick Murray, Simple Wealth Inevitable Wealth
“Survival is the only road to riches. You should try to maximize return only if losses would not threaten your survival and if you have a compelling future need for the extra gains you might earn.”
-Peter L. Bernstein, Interview with Jason Zweig (2004)
“In bear markets, stocks return to their rightful owners.”
-Old Proverb
“Fund performance comes and goes. Costs go on forever.”
-John “Jack” Bogle, The Little Book of Common Sense Investing
“Don’t struggle to find the needle in the haystack; just buy the haystack.”
-John “Jack” Bogle*
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Ta inte kritik av nån du inte hade tagit ett råd från. 
8 gillningar
“Nothing is forever except change.”
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Fomo is the path to the dark side. Fomo leads to anger. Anger leads to hate. Hate leads to suffering.
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Rädsla är en falsk rådgivare.
Volkswagens VD Oliver Blume
“Tänk om det är precis tvärtom”
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”En stor k*k är en klen tröst i ett fattigt hem”
/gammalt ordspråk
1 gillning
Buffett on Apple: “If someone offered you $10,000 to never buy an iPhone or Apple product ever again, you wouldn’t take it. If someone offered you $10,000 to never buy a Ford again you’d take it and go buy a Chevy” That Simple.
— Michael Graham på Twitter
Även om jag inte gillar direktinvesteringar i enskilda aktier så är det svårt att argumentera med ovanstående… 
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Jag gillar Buffett (och dig 
), men det där var ju rätt lätt att argumentera mot.
- Hade man under 90-talet fått $10 000 för att aldrig mer köpa en Apple-produkt hade många tagit det. Vilket många nog hade ångrat idag. Jag har inte köpt något från Apple sedan iPhone 3G så för min del hade det varit lugnt, men…
- Hade man under 90-talet (eller kanske mer början av 00-talet) fått $10 000 för att aldrig mer köpa en Nokia-telefon hade många inte tagit det. Det hade de nog ångrat idag.
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Ett påstående/citat som av någon märklig anledning tycks stämma…
Sannolikheten att en smörad macka landar med smörsidan nedåt ökar med kostnaden på mattan…
3 gillningar
“The greatest trick the devil ever played was making you believe that the pessimists are the good guys.”
—Packy McCormick
“It is not ‘correct’ to live in the moment. We are storytellers and right now is always part of a continuing narrative.”
—Derren Brown
“Parents are good at preparing the money for the person, they are often less good at preparing the person for the money.”
—Jess McGawley
“Until we know we are wrong, being wrong feels exactly like being right.” – David McRaney
“I’m just a collection of mirrors, reflecting what everyone else expects of me.” – Rollo May
“Basically, when you get to my age, you’ll really measure your success in life by how many of the people you want to have love you actually do love you. I know people who have a lot of money, and they get testimonial dinners and they get hospital wings named after them. But the truth is that nobody in the world loves them. If you get to my age in life and nobody thinks well of you, I don’t care how big your bank account is, your life is a disaster.” – Warren Buffett
“Life is not a problem to be solved. It’s a paradox to experience. You can believe one thing and also believe its opposite.” – Derek Sivers
“What is moral is what you feel good after and what is immoral is what you feel bad after.” – Ernest Hemingway
“The people who get the worst medical care in the world are the very poor and the very rich. The rich can have any crazy thing they ask the doctor for.”
“Evil usually enters the world unrecognized by the people who open the door and let it in. Most people who perpetrate evil do not see what they are doing as evil. Evil exists primarily in the eye of the beholder, especially in the eye of the victim.” – Roy Baumeister
“People who are driven by demons get shit done.” – Walter Isaacson, describing Elon Musk
The Charlie Munger formula for career success:
- Don’t sell anything you wouldn’t buy yourself.
- Don’t work for anyone you don’t respect and admire.
- Work only with people you enjoy.
“Happiness isn’t something you experience; it’s something you remember.” – Oscar Levant
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