Sid P > Sid's Quotes

“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.”
― Warren Buffett

“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”
― Warren Buffet

“There seems to be some perverse human characteristic that likes to make easy things difficult. ”
― Warren Buffett

“When you combine ignorance and leverage, you get some pretty interesting results.”
― Warren Buffett

“In the world of business, the people who are most successful are those who are doing what they love.”
― Warren Buffet

“I learned to go into business only with people whom I like, trust, and admire.”
― Warren Buffet

“In looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if they don't have the first, the other two will kill you.”
― Warren Buffet

“be greedy when others are fearful, and fearful when others are greedy.”
― Warren Buffet

“I could end the deficit in five minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.”
― Warren Buffet

“The people who are most successful are those who are doing what they love.”
― Warren Buffett

“When we are talking about cash flow - once again, nature is a great teacher. Cash is simply the base resource with which most activities predicate. In nature, cash is symbolized by water. Rarely is anything in nature ever lacking water. Even in the deserts, the life forms that live and grow there have figured out ‘cash flow’ or ‘water flow’…. They’ve figured out how to manage the flow of water relative to the tasks and objectives which require its use. If a cactus in the desert can figure out how to manage the flow of water relative to the tasks and objectives which require its use… then we can figure out how to manage the flow of cash relative to the tasks and objectives which require its use. If nature can invest wisely, so can we.”
― Hendrith Vanlon Smith Jr

“Investing isn’t a game - It has a substantive impact on the living of life and the development of civilization. It’s not just about stock tickers and opening bells and timing buys and sells to get a quick profit in the gap…. It effects when and where houses are built, the quality of schools, the accessibility of organic food, the price of solar relative to gasoline…. Investments direct the development of civilization.”
― Hendrith Vanlon Smith Jr

“Tough times don’t last, tough people do.”
― Floyd Mayweather

“Take the time to train your mind.”
― Floyd Mayweather

“Investing, like spirituality, has a lot to do with energy, frequency and vibration. But it takes mastery to figure out how. And then even more mastery to apply the knowledge toward desirable results.”
― Hendrith Vanlon Smith Jr

“Investing, like spirituality, has a lot to do with the flow of energy.”
― Hendrith Vanlon Smith Jr

“Trading is not the same as investing. Trading includes a lot of fear, lack, and scarcity thinking. Traders aim to buy low and sell high in the quickest turnaround time possible, always fearful of potential outcomes and always needing to incessantly monitor the status of things and micromanage results. However, Investing includes a lot of faith, vision, trust, and endurance. Investors look at larger societal patterns and systems. Investors have wealth consciousness and they expect to earn exponentially larger profits over a longer timeframe.”
― Hendrith Vanlon Smith Jr

“If you’re not failing, you’re not pushing your limits, and if you’re not pushing your limits, you’re not maximizing your potential”
― Ray Dalio, Principles: Life and Work

“I learned that if you work hard and creatively, you can have just about anything you want, but not everything you want. Maturity is the ability to reject good alternatives in order to pursue even better ones.”
― Ray Dalio, Principles: Life and Work

“It is far more common for people to allow ego to stand in the way of learning.”
― Ray Dalio, Principles: Summary

“Look for people who have lots of great questions. Smart people are the ones who ask the most thoughtful questions, as opposed to thinking they have all the answers. Great questions are a much better indicator of future success than great answers.”
― Ray Dalio, Principles: Life and Work

“Having the basics—a good bed to sleep in, good relationships, good food, and good sex—is most important, and those things don’t get much better when you have a lot of money or much worse when you have less. And the people one meets at the top aren’t necessarily more special than those one meets at the bottom or in between.”
― Ray Dalio, Principles: Life and Work

“Truth - more precisely, an accurate understanding of reality - is the essential foundation for producing good outcomes.”
― Ray Dalio

“the happiest people discover their own nature and match their life to it.”
― Ray Dalio, Principles: Life and Work

“I just want to be right—I don’t care if the right answer comes from me.”
― Ray Dalio, Principles: Life and Work

“Listening to uninformed people is worse than having no answers at all.”
― Ray Dalio, Principles: Life and Work

“Every time you confront something painful, you are at a potentially important juncture in your life—you have the opportunity to choose healthy and painful truth or unhealthy but comfortable delusion.”
― Ray Dalio, Principles: Life and Work

“Pain + Reflection = Progress”
― Ray Dalio, Principles: Summary

“If you can’t successfully do something, don’t think you can tell others how it should be done”
― Ray Dalio, Principles: Life and Work

“I saw that to do exceptionally well you have to push your limits and that, if you push your limits, you will crash and it will hurt a lot. You will think you have failed—but that won’t be true unless you give up.”
― Ray Dalio, Principles: Life and Work