Quotes About Prudence

You are wary of treachery? More wary of stupidity.

Next time, you might want to look before you leap.

Of three things be wary- of a feather on a cat, The shepherd eating mutton, And a guardsman that is fat.

Think twice, act once, is what everyone says.

The young do not know enough to be prudent, and therefore they attempt the impossible – and achieve it, generation after generation.' Pearl S. Buck

It requires a great deal of boldness and a great deal of caution to make a great fortune; and when you have got it, it requires ten times as much wit to keep it. —Nathan Mayer Rothschild

risks therein must be assumed by someone. * There is intelligent speculation as there is intelligent investing. But there are many ways in which speculation may be unintelligent. Of these the foremost are: (1) speculating when you think you are investing; (2) speculating seriously instead of as a pastime, when you lack proper knowledge and skill for it; and (3) risking more money in speculation than you can afford to lose.

As Graham puts it, "while enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster.

You must never delude yourself into thinking that you're investing when you're speculating. Speculating becomes mortally dangerous the moment you begin to take it seriously. You must put strict limits on the amount you are willing to wager.

Only by insisting on what Graham called the "margin of safety"—never overpaying, no matter how exciting an investment seems to be—can you minimize your odds of error.

Evidently it is not only the tyro who needs to be warned that while enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster.

Todo el mundo debe conservar parte de su patrimonio en el seguro refugio del dinero en metálico.

Prudence versus passion is a conflict that runs through history. It is not a conflict in which we ought to side wholly with either party.

The civilized man is distinguished from the savage mainly by prudence, or, to use a slightly wider term, forethought. He is willing to endure present pains for the sake of future pleasures, even if the future pleasures are rather distant.

But without going to such extremes prudence may easily involve the loss of some of the best things in life. The worshipper of Dionysus reacts against prudence. In intoxication, physical or spiritual, he recovers an intensity of feeling which prudence had destroyed; he finds the world full of delight and beauty, and his imagination is suddenly liberated from the prison of every-day preoccupations

And always, in our highly regularised way of life, he is obsessed by thoughts of the morrow. Of all the precepts in the Gospels the one that Christians have most neglected is the commandment to take no thought for the morrow. If a man is prudent, thought for the morrow will lead him to save; if he is imprudent, it will make him apprehensive of being unable to pay his debts. In either case the moment loses its savour. Everything is organised, nothing is spontaneous.

Prudence versus passion is a conflict that runs through history.

De todas as formas de prudência, a prudência no amor é talvez a mais fatal à verdadeira felicidade.

If you don't have reservations, you're a fool. You can't go blind into something.

Everything we earn we need as a reserve.

One of the most beneficial things I've ever learned is how to keep my mouth shut.

More idiots should just shut their mouths.

If you keep your mouth shut you will never put your foot in it.

I've learned to keep your mouth shut even when something bad is going on. You never know how someone is going to take something you say. You have to bite the bullet.