Tuesday, November 27, 2007

Quotes from successful people

Analysts have always been overly optimistic.
- David Dreman

"I buy when other people are selling.”
– J. Paul Getty

"There are no secrets to success. It is the result of preparation, hard work, learning from failure.”
- General Colin Powell

We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the next ten. Don't let yourself be lulled into inaction.
- Bill Gates

The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
- Alan Greenspan

When people are frightened, they cut their time horizon dramatically, even advisors will say to sell because they see portfolios crumble and they fear people will have nothing left. It's really not rational, but it does happen.
- David Dreman

The world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow.
- Rupert Murdoch

The individual investor should act consistently as an investor and not as a speculator. This means.. that (s)he should be able to justify every purchase (s)he makes and each price (s)he pays by impersonal, objective reasoning that satisfies him/her that (s)he is getting more than his/her money's worth for his/her purchase.
- Benjamin Graham

Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble... to give way to hope, fear and greed.
- Benjamin Graham

If you buy all the stocks selling at or below two times earnings, you will lose money on half of them because instead of making profits they will actually lose money, but you will only lose a dollar or so a share at most. Then others will be mediocre performers. But the remaining big winners will go up and produce fabulous results and also ensure a good overall result.
- John Templeton

I've learned that mistakes can often be as good a teacher as success.
- Jack Welch

Before you can really start setting financial goals, you need to determine where you stand financially.
- David Bach

Vision is perhaps our greatest strength.. it has kept us alive to the power and continuity of thought through the centuries, it makes us peer into the future and lends shape to the unknown.
- Li Ka Shing

“When one door closes, another door opens: but we so often look so long and so regretfully upon the closed door that we do not see the ones which open for us”
- Alexander Graham Bell

"A window of opportunity won't open itself.”
- Dave Weinbaum

“Do not think of knocking out another person’s brains because he differs in opinion from you. It would be as rational to knock yourself on the head because you differ from yourself 10 years ago.”
- Horace Mann, educator

"Time is more valuable than money. You can get more money, but you cannot get more time."
– Jim Rohn

"Time is our most valuable asset, yet we tend to waste it, kill it, and spend it rather than invest it."
-Jim Rohn

"He who wishes to be rich in a day will be hanged in a year"
- Leonardo da Vinci

“An Entrepreneur's income generation is different than someone that worked at a job. Income generation for a person working was LINEAR. Entrepreneur income generation is EXPONENTIAL. Basically, very, very slow to begin, then as time progresses, explosive.”
- Michael John

“A person is limited only to his or her reality of what is possible financially. Nothing changes until that person’s reality changes. And a person’s financial reality will not change until he or she is willing to go beyond the fears and doubts of her own self-imposed limits.”
– Robert T. Kiyosaki

- Making good decisions is a crucial skill at every level.
- Peter Drucker

- Checking the results of a decision against its expectations shows executives what their strengths are, where they need to improve, and where they lack knowledge or information.
- Peter Drucker

- Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands.
- Peter Drucker

"What the mind of man can Conceive and Believe, it can Achieve." - Napoleon Hill

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