Quotes About Wisdom

In a world in which men write thousands of books and one million scientific papers a year, the mythic bricoleur is the man who plays with all that information and hears a music inside the noise.

That shoreline where the island of knowing meets the unfathomable sea of our own being is the landscape of myth.

Truth wears no mask Bows at no human Shrine Seeks neither place nor applause She only asks a hearing.

The essence of education is, in the words of William James, to teach a person what deserves to be valued, to impart ideals as well as knowledge, to cultivate in students the ability to distinguish the true and good from their counterfeits and the wisdom to prefer the former to the latter.

How do you avoid overconfidence? By telling yourself at least a few times per year, 'The market is much smarter than I will ever be.

Nowhere is historian George Santayana's famous dictum, "Those who cannot remember the past are condemned to repeat it," more applicable than in finance. Financial history provides us with invaluable wisdom about the nature of the capital markets and of returns on securities. Intelligent investors ignore this record at their peril. Risk

In the words of Fred Schwed, one of the most astute observers of the investment scene (and certainly the funniest): There are certain things that cannot be adequately explained to a virgin either by words or pictures. Nor can any description I might offer here even approximate what it feels like to lose a real chunk of money that you used to own.

Those who ignore financial history are condemned to repeat it.

So when all your friends are investing in a certain area, when the business pages are full of stories about a particular company, and when "everybody knows" that something is a good deal, haul up the red flags. In short, identify current conventional wisdom so that you can ignore it.

Investing is a journey of lifelong learning

William J. Bouwsma

If you live long enough, you'll make mistakes. But if you learn from them, you'll be a better person. It's how you handle adversity, not how it affects you. The main thing is never quit, never quit, never quit.

Beware of ignorance when in motion; look out for inexperience when in action, and beware of the majority when mentally poisoned with misinformation, for collective ignorance does not become wisdom.

Neatness, madam, has nothing to do with the truth. The truth is quite messy, like a wind blown room.

Old men are perhaps the most polished diplomats but youth changes the world.

The moral of the story is: never argue with the market. Your health and peace of mind are always more important than any stock.

The whole secret to winning big in the stock market is not to be right all the time, but to lose the least amount possible when you're wrong.

Frank's wisdom here is worth emphasizing: it is a question of the attitude one takes toward life's challenges and opportunities, both large and small. A positive attitude enables a person to endure suffering and disappointment as well as enhance enjoyment and satisfaction. A negative attitude intensifies pain and deepens disappointments; it undermines and diminishes pleasure, happiness, and satisfaction; it may even lead to depression or physical illness.

ìCommon sense and a sense of humor are the same thing, moving at different speeds. A sense of humor is just common sense, dancing.

Experience has ways of boiling over, and making us correct our present formulas

The essence of genius is to know what to overlook.

The minute a man ceases to grow, no matter what his years, that minute he begins to be old.

If a man's good for nothing else, he can at least teach philosophy.

Man lives for science as well as bread.