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Team FMIM
August 9, 2018
In continuation to my subjected mails Points to Ponder, I would like to add the appended thoughts of legends from various fields. Hope these nuggets will add value in all spheres of our life.
“In your actions, don’t procrastinate. In your conversations, don’t confuse. In your thoughts, don’t wander. In your soul, don’t be passive or aggressive. In your life, don’t be all about business.”- ― Marcus Aurelius
“It’s frightening to think that you might not know something, but more frightening to think that, by and large, the world is run by people who have faith that they know exactly what’s going on.” -– Amos Tversky
Empty your mind, be formless. Shapeless, like water. If you put water into a cup, it becomes the cup. You put water into a bottle and it becomes the bottle. You put it in a teapot, it becomes the teapot. Now, water can flow or it can crash. Be water, my friend.”- Bruce Lee
It is not the strongest or the most intelligent who will survive but those who can best manage change. – Charles Darwin
“The game of life is the game of everlasting learning. At least it is if you want to win”. – Munger
The three ingredients behind success are timing, aggressiveness and skill, and if you have enough aggressiveness at the right time, you don’t need that much of skill. But those who have attained their success primarily through well timed aggressiveness can’t be depended on to repeat it- especially in tough times. When an investment track record is considered, it’s essential that the relative roles of these three factors to be assessed” –Howard Marks
Superior results don’t come from buying high quality assets, but from buying assets – regardless of quality – for less than they’re worth. It’s essential to understand the difference between buying good things and buying things well. – Howard Marks
Sometimes there are plentiful opportunities for unusual return with less-than-commensurate risk, and sometimes opportunities are few and risky. It’s important to wait patiently for the former. When there’s nothing clever to do, it’s a mistake to try to be clever.- Howard Marks
“You gotta keep control of your time. You can’t let people set your agenda in life.”- Warren Buffett
“Spend less than you make. Don’t go into debt.”-Warren Buffett
“The biggest thing about making money is time. You don’t have to be particularly smart; you just have to be patient.”- Warren Buffett
I’m a great believer in luck, and I find the harder I work the more I have of it. – Thomas Jefferson