Thursday, September 29, 2005

Studdgiri Quotes from Rajeev Mundra's Blog


(Source: Rajeev Mundra's Blog


Peter Lynch

  1. The person that turns over the most rocks wins the game. And that's always been my philosophy.
  2. The key to making money in stocks is not to get scared out of them.
  3. I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
  4. In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.
  5. You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.
  6. When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.
  7. I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'
  8. Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.

Warren Buffett

  1. Wide diversification is only required when investors do not understand what they are doing.
  2. Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.
  3. We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
  4. Why not invest your assets in the companies you really like? As Mae West said, "Too much of a good thing can be wonderful".
  5. Your premium brand had better be delivering something special, or it's not going to get the business.
  6. Our favourite holding period is forever.

Milton Friedman

  1. The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.
  2. Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.
  3. The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
  4. My major problem with the world is a problem of scarcity in the midst of plenty ... of people starving while there are unused resources ... people having skills which are not being used.
  5. The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes.
  6. The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.

Alan Greenspan

  1. I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
  2. The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
  3. I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives. But material success is possible in this world and far more satisfying when it comes without exploiting others.
  4. It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
  5. Any informed borrower is simply less vulnerable to fraud and abuse
  6. To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education--literacy, both verbal and numerical, and communication skills.
  7. It is decidedly not true that "nice guys finish last," as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
  8. I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.

Charles Schwab

  1. I consider my ability to arouse enthusiasm among men the greatest asset I possess. The way to develop the best that is in a man is by appreciation and encouragement.
  2. I have yet to find the man, however exalted his station, who did not do better work and put forth greater effort under a spirit of approval than under a spirit of criticism.
  3. The man who does not work for the love of work but only for money is not likely to make money nor find much fun in life.
  4. I quickly learned that if I kept at it and plowed right through the rejections I would eventually get somebody to buy my wares.