The one tool that most fund managers and investment advisors use, to make a point, is quote a person of authority. Most Indians view such maxims as words of wisdom and not mere clichés. Indeed, most are witty, wise and cerebral. Classics really. Just thought I would compile my personal favourites (have excluded some classics that have become chestnuts now).
10. The Taxpayer - that's someone who works for the federal government, but doesn't have to take a civil service examination.
-Ronald Reagan
9. Markets can remain irrational longer than you can remain solvent.
-John Meynard Keynes
8. Men do not desire to be rich, only to be richer than other men.
-John Stuart Mill
7. Under Capitalism, man exploits man. Under Communism, it's just the opposite.
-JK Galbraith
6. There's no reason to be the richest man in the cemetery. You can't do any business from there.
-‘Colonel' Sanders
5. To turn $ 100 to $ 110 is work. To turn $ 100 million to $ 110 million is inevitable.
-Edgar Bronfman
4. Never borrow money from an optimist. He is capable of thinking that you might give it back to him.
-Jules Berry
3. If you owe the bank $ 100 that's your problem. If you owe the bank $ 100 million, that's the bank's problem.
-J.P.Getty
2. October is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, March, June, December, August and February.
-Mark Twain
1. In God we trust. All others pay cash.
Thursday, March 5, 2009
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