Quotes About Investment

Cubrir los inconvenientes: «Cada una de estas [personas] está obsesionada con no perder dinero. Pero

Diversificación de riesgos: «Tienen

In other words, I was risking an unlikely and temporary 3 or 4 for a probable and permanent 9 or 10,

the decision to invest in a startup comes after following a process that is heavily weighted towards EQ (emotional quotient). This process starts with exploring the idea emotionally. Should it pass that hurdle, I then do traditional due diligence, using objective data to validate the entrepreneurs' assumptions around the quantifiable aspects of the business.

Hace poco me preguntaron si iba a despedir a un empleado que había cometido un error que le había costado a la empresa 600.000 dólares. No, respondí, acabo de gastarme 600.000 en formarle.» THOMAS J. WATSON, fundador de IBM

therefore an investment like that is unbeatable. Buildings that I would buy for $500K within the year were $800K and I put only maybe $100K down, so you made 300% on your money. . . . I quickly developed and traded up my buildings and bought more apartment buildings and office buildings on Main Street down in Santa Monica and so on. . . . I benefited from [a magic decade] and I became a millionaire from my real estate investments.

Related—"What is the best or most worthwhile investment you've made?" Lasik surgery.

Back to Tony, "cap the downside" also applies to thinking long-term about fees and middlemen: "If three of my friends [and I] all put aside the same amount of money, and we all get a 7% return, but my buddy's getting fees of 3%, my other buddy's 2%, and I'm 1%, and all three of us put $1 million in or $100,000 . . . the person with 3% of fees ends up with 65% less money [in the long-term]. . . .

Si hicieras eso mismo con tu vida profesional, tendrías que dedicar cuatro mil horas, o dos años de trabajo.

Asset allocation: "They absolutely, beyond a shadow of a doubt, know they're going to be wrong . . . so they set up an asset allocation system that will make them successful. They all agree asset allocation is the single most important investment decision.

Are You Over-Correlated?

La persona que es desatenta en la luna de miel (al principio) irá a peor en el futuro.

We waste our time with short-term thinking and busywork. Warren Buffett spends a year deciding and a day acting. That act lasts decades.

I aspire to only work with people who I can work with forever, to invest my time in activities that are a joy unto themselves, and to focus on the extremely long term.

I personally aim for an 8–10× markup, which means a $100 product can't cost me more than $10–12.50.

Making a concerted effort to trade your short-term gratification for a longer-term payoff. Whereas everyone else wants to get credit and be "respected," you can forget credit. You can forget it so hard that you're glad when others get it instead of you—that

We must safely secure our border by investing in more law enforcement and technology, and receiving cooperation from the Mexican government.

Apart from sleeping, how do you spend most of your time? Like money, time is a window into your

Relationships are costly, but so is avoiding them. If

We find it natural that we pay for a plumber or a mechanic, but demand our news for free. If we did not pay for plumbing or auto repair, we would not expect to drink water or drive cars. Why then should we form our political judgement on the basis of zero invetsment? We get what we pay for.

Achamos natural que paguemos por um encanador ou um mecânico, mas procuramos por nossas notícias de graça. Se não pagarmos por encanadores ou mecânicos não esperaremos beber água ou dirigir um carro. Por que, então, deveríamos formar nosso julgamento político com base em zero investimento?"(p. 77)

We find it natural that we pay for a plumber or a mechanic, but demand our news for free. If we did not pay for plumbing or auto repair, we would not expect to drink water or drive cars. Why then should we form our political judgement on the basis of zero investment? We get what we pay for.

Why then should we form our political judgment on the basis of zero investment? We get what we pay for.

Chinese authorities demonstrated during the climate-related civil war that began in Sudan in 2003 that they would support mass murderers when doing so seemed to serve their investments. In