Quotes About Strategy

we had our hands full with the wars we were already in without looking for new ones.

stress weakens frontal connections with the hippocampus—essential for incorporating the new information that should prompt shifting to a new strategy—while strengthening frontal connections with more habitual brain circuits.

Success in everything from athletics to chess to the stock market boosts testosterone levels.

the logical strategy in one-round Prisoner's Dilemma is to defect. Cooperation flourishes when games have an uncertain number of rounds, and with the capacity for our reputations to precede us. Groups, by definition, have multiple-round games and the means to spread news of someone being a jerk.

Thus political orientation about social issues reflects sensitivity to visceral disgust and strategies for coping with such disgust.

An intelligent person hires people who are more intelligent than he is.

The poor and the middle class work for money. The rich have money work for them.

There is always risk, so learn to manage risk instead of avoiding it.

The main reason that over 90 percent of the American public struggles financially is because they play not to lose. They don't play to win.

Rule One. You must know the difference between an asset and a liability, and buy assets.

With small companies, my investment strategy is to be out of the stock in a year. My real estate strategy, on the other hand, is to start small and keep trading the properties up for bigger properties and, therefore, delaying paying taxes on the gain. This allows the value to increase dramatically. I generally hold real estate less than seven years.

The sophisticated investor's first question is: "How fast do I get my money back?

The real skill is to manage and reward the people who are smarter than you in some technical area. That is why companies have a board of directors.

It is not real estate, gold, stocks, hard work, or money that makes you rich; it is what you know about real estate, gold, stocks, hard work, and money that makes you rich. Ultimately, it is your financial intelligence that makes you rich.

Si descubres que estás atrapado en un agujero en la tierra... deja de cavar.

If you want more income, learn to sell.

The business behind the business is the real game. It's the business behind the business that makes money regardless of who wins the game or which way the market goes—up or down. It's the business that sells the tickets to the game. It does not buy the tickets.

When I ask the classes I teach, "How many of you can cook a better hamburger than McDonald's?" almost all the students raise their hands. I then ask, "So if most of you can cook a better hamburger, how come McDonald's makes more money than you?

One of the reasons the rich get richer is that they buy more investments by taking advantage of the tax laws. In essence, the money that would have been paid in taxes is used to buy additional assets, which provide another deduction against income, which reduces the taxes due, legally.

Today, I have expensive attorneys, accountants, real estate brokers, and stockbrokers. Why? Because if, and I do mean if, the people are professionals, their services should make you money. And the more money they make, the more money I make. We

Remember what I said before: A job is only a short-term solution to a long-term problem.

My income is higher because I use the leverage of assets rather than the leverage of my labor.

it takes shopping and looking at over 100 properties to buy one property.

The same is true in relationships and in investing.