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THE SOUTH AFRICAN INDEX INVESTOR |
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“Greater rewards, lower costs” |
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TOOL BOX |
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Investment Philosophies, Theories and Practices (continued…)
Pearls of Wisdom
“I can calculate the motions of heavenly bodies, but not the madness of people.”
- Sir Isaac Newton
“All of human unhappiness comes from a single thing: not knowing how to remain at rest in a room.”
- Blaise Pascal
“It is said a monarch in the East once charged his wisest men to invent him a phrase which should be true and appropriate in all times and situations. They came up with these words: ‘And this, too, shall pass away.’ How chastening in the hour of pride! How consoling in the depths of affliction!”
- Abraham Lincoln
The schoolteacher asks Billy: “If you have twelve sheep and one jumps over the fence, how many sheep do you have left?” Billy answers: “None.” “Well,” says the teacher, “you sure don’t know your subtraction.” “Maybe not,” Billy replies, “but I darn sure know my sheep.”
- An old Texas joke
“The market, like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.”
- Warren Buffett
“Investing should be more like watching paint dry or watching grass grow. If you want excitement go to Las Vegas.” - Paul Samuelson
“Successful investing is anticipating the anticipations of others.”
- John Maynard Keynes
“Those who have knowledge don’t predict. Those who predict don’t have knowledge.”
- Lao Tzu (a 6th century BC poet)
“The key to good investing is not so much about having the brain as the stomach.”
- Peter Lynch
“Only two things are infinite, the universe and human stupidity, and I’m not sure about the former.”
- Albert Einstein
“Bull markets are born on pessimism, grow on scepticism, mature on optimism and die on euphoria.”
- John M Templeton |
