Bhaddhadon

“The main reason that we felt positive was because all of the trends were so negative. This was not just to be stubbornly or rigidly contrarian—because being a true contrarian means not to go slavishly against the grain, but to be always independent in your thinking. It was simply that we and the short-term smart money were operating according to different time frames.”
― Mark Mobius, Passport to Profits: Why the Next Investment Windfalls Will be Found Abroad and How to Grab Your Share

“it’s surprising the depths of ignorance and naïveté that made so many otherwise intelligent people believe that a centralized bureaucracy might be a socially superior vehicle for managing the production and distribution of goods and services than a private firm that must compete with rivals to deliver the same services or make the same products.”
― Mark Mobius, Passport to Profits: Why the Next Investment Windfalls Will be Found Abroad and How to Grab Your Share

“Even in 1963, only a year before opening, the director-general of the Construction Department of JNR, stated to new JNR employees: The Tokaido Shinkansen is the height of madness. As the gauge of the Tokaido Shinkansen is different from existing lines, track sharing is not possible. Even if the journey time between Tokyo and Osaka is shortened, passengers have to change trains at Osaka in order to travel further west. A railway system which lacks smooth connections and networks with other lines is meaningless and destined to fail.”
― Christopher P. Hood, Shinkansen: From Bullet Train to Symbol of Modern Japan

“If you’re going to be in this game for the long pull, which is the way to do it, you better be able to handle a fifty percent decline without fussing too much about it. And so my lesson to all of you is, conduct your life so that you can handle the fifty percent decline with aplomb and grace. Don’t try to avoid it. It will come. In fact, I would say if it doesn’t come, you’re not being aggressive enough.”
― William P. Green, Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life