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Quote of the day... (0 viewing)
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Quote of the day...
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Ben (User)
Senior
Posts: 267
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3 Years, 9 Months ago
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The winds and waves are always on the side of the ablest navigators.
Edward Gibbon
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3 Years, 9 Months ago
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on herd mentality...
One of my favorite stories is a boy in Texas, when the teacher asked the class the following question. There are nine sheep in pen, and one jumps out, how many are left? Everyone got it right, and said eight are left. The boy said none are left. The teacher said you don’t understand arithmetic, and he said "no you don’t understand sheep". --- Charlie Munger, 2008 Wesco Shareholder Meeting
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"Just as a man working with his tools should know its limitations, a man working with his cognitive apparatus must know its limitations"--
Charlie Munger.
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3 Years, 8 Months ago
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"Every man has a right to his opinion, but no man has a right to be wrong in his facts." --- Bernard Baruch
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"Just as a man working with his tools should know its limitations, a man working with his cognitive apparatus must know its limitations"--
Charlie Munger.
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The administrator has disabled public write access. |
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3 Years, 7 Months ago
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Some people seem to think there's no trouble just because it hasn't happened yet. If you jump out the window at the 42nd floor and you're still doing fine as you pass the 27th floor, that doesn't mean you don't have a serious problem. -- Charlie Munger
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"Just as a man working with his tools should know its limitations, a man working with his cognitive apparatus must know its limitations"--
Charlie Munger.
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The administrator has disabled public write access. |
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3 Years, 5 Months ago
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"If you put a thousand people in barrels and push them over Niagara Falls," one of them says, "some of them will survive. And if you take those guys and push them over again, some of them will survive. And they’ll write books about how to survive being pushed over Niagara Falls in a barrel."
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"Just as a man working with his tools should know its limitations, a man working with his cognitive apparatus must know its limitations"--
Charlie Munger.
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The administrator has disabled public write access. |
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3 Years, 5 Months ago
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Munger still sees the investing world as a place where common sense can triumph -- if only because "it isn't so common."
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"Just as a man working with his tools should know its limitations, a man working with his cognitive apparatus must know its limitations"--
Charlie Munger.
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The administrator has disabled public write access. |
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3 Years, 4 Months ago
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"We come from a culture where bigger is not better. You get bigger by being better, you don't get better by being bigger," -- John Stumpf
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"Just as a man working with his tools should know its limitations, a man working with his cognitive apparatus must know its limitations"--
Charlie Munger.
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The administrator has disabled public write access. |
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3 Years, 2 Months ago
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"I operate on the theory that every saint has a past, every sinner has a future." --- Warren Buffett
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"Just as a man working with his tools should know its limitations, a man working with his cognitive apparatus must know its limitations"--
Charlie Munger.
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The administrator has disabled public write access. |
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3 Years, 1 Month ago
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"The secret to success is knowing when you have enough information to make a decision." - Jim Walter
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"Just as a man working with his tools should know its limitations, a man working with his cognitive apparatus must know its limitations"--
Charlie Munger.
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The administrator has disabled public write access. |
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2 Years, 11 Months ago
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“You never feel good when you’re buying a great bargain. When you buy a great bargain, you’re doing it with sweaty palms, you’re leaning against the crowd, engaging in contrary thinking, and you’re pretty much alone. And almost everybody in the press is telling you that you’re doing the wrong thing.”
Arnold Van Den Berg (Century Management) - Outstanding Investor Digest, August 2006
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"Just as a man working with his tools should know its limitations, a man working with his cognitive apparatus must know its limitations"--
Charlie Munger.
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The administrator has disabled public write access. |
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