Quotes About Strategy

Hay una regla que dice que cada minuto invertido en planificación ahorra diez minutos de ejecución.

Regla: el pensamiento a largo plazo mejora las decisiones de corto plazo.

Stephen Covey says, "Before you begin scrambling up the ladder of success, make sure that it is leaning against the right building." Step

Cuanto más tiempo tomes en planificar la tarea antes de empezar, y en anotar cada paso, más rápido la completarás cuando empieces a trabajar.

Whenever you face crunch time in your life or business, mentally call a time-out in the game and focus on getting all the information you can about the situation before you make a decision or overreact.

If you see you're going to get popped in a fair fight, don't fight fair.

What it really means is that the general must understand that he is not a free agent and cannot hope to become one. He has to work within the limitations imposed by the fact that he is working for a democracy, which means that at times he must modify or abandon the soundest military plan and make do with a second-best.

First with the head, and then with the heart, that way small can beat big.

It seemed certain now that small could defeat big. All it took was brains and skills and heart and a perfect plan.

I had learned the most important rule in winning-keep thinking.

More fights are lost by underestimating your opponent than by any other way.

Winning the Loser's Game

The history of stock price movements contains no useful information that will enable an investor consistently to outperform a buy-and-hold strategy in managing a portfolio.

In fact, the most profitable investments you will ever make are precisely at the times when pessimism is the most rampant.

A speculator buys stocks hoping for a short-term gain over the next days or weeks. An investor buys stocks likely to produce a dependable future stream of cash returns and capital gains when measured over years or decades.

Only liars manage always to be out of the market during bad times and in during good times.

In addition, your psychological makeup will influence the degree of risk you should assume. One investment adviser suggests that you consider what kind of Monopoly player you once were (or still are). Were you a plunger? Did you construct hotels on Boardwalk and Park Place? True, the other players seldom landed on your property, but

when they did, you could win the whole game in one fell swoop. Or did you prefer the steadier but moderate income from the orange monopoly of St. James Place, Tennessee Avenue, and New York Avenue? The answers to these questions may give you some insight into your psychological makeup with respect to investing.

Laszlo Birinyi, in his book Master Trader, has calculated that a buy-and-hold investor would have seen one dollar invested in the Dow Jones Industrial Average in 1900 grow to $290 by the start of 2013. Had that investor missed the best five days each year, however, that dollar investment would have been worth less than a penny in 2013.

These very sad stories make all too clear the cardinal rule of investing: Broad diversification is essential.

Protect yourself: Every investor should always diversify.

Diversify across securities, across asset classes, across markets—and across time.

Lynch calculated each potential stock's P/E-to-growth ratio (or PEG ratio) and would buy for his portfolio only those stocks with high growth relative to their P/Es. This was not simply a low P/E strategy, because a stock with a 50 percent growth rate and a P/E of 25 (PEG ratio of ½) was deemed far better than a stock with 20 percent growth and a P/E of 20 (PEG ratio of

You should diversify over time. Don't make all your investments at a single time. If