“Greater rewards, lower costs”


 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