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Showing posts from 2013

John F Kennedy

Success has a thousand authors, but failure is an orphan. ~ John F Kennedy

Ken Blanchard

When you stop learning, you stop leading. ~ Ken Blanchard

Jagdish Sheth

In a world of online ordering, what matters most is the readiness of the supply chain to fulfill orders. This is the core competence of Amazon, most airlines and logistics companies such as UPS and FedEx. ~ Jagdish Sheth

Jagdish Sheth

The idea is to focus on all aspects of the supply chain and integrate it seamlessly with business analytics. Big data plays a big role in Supply Chain Management science today. ~ Jagdish Sheth

Harish Bijoor

Supply Chain Management is the backbone of cutting, bleeding, business strategy today. ~ Harish Bijoor

Pawan Jain

However, supply chains and operations too, need to be more global in their outlook if Indian companies are looking at becoming global brands. ~ Pawan Jain

Jagdish Sheth

What companies need to understand is you can neither manufacture nor buy a brand - you must earn it. ~ Jagdish Sheth

Warren Buffett

The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs ~ Warren Buffett

Warren Buffett

It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction. ~ Warren Buffett

Charlie Munger

The idea of a margin of safety, a Graham precept, will never be obsolete. The idea of making the market your servant will never be obsolete. The idea of being objective and dispassionate will never be obsolete. ~ Charlie Munger

Peter Lynch

Investing in stocks is an art, not a science, and people who've been trained to rigidly quantify everything have a big disadvantage. ~ Peter Lynch

Warren Buffett

In terms of simple profitability, an average investor could have done just as well [as his company Berkshire Hathaway] by investing in the stock market if they bought during the panic period. ~ Warren Buffett

Sachin Tendulkar

All my life, I have had a dream of playing cricket for India. I have been living this dream every day for the last 24 years. It's hard for me to imagine a life without playing cricket because it's all I have ever done since I was 11 years old. ~ Sachin Tendulkar

African Proverb

Every morning in Africa, a gazelle wakes up. It knows it must run faster than the fastest lion or it will be killed. Every morning a lion wakes up. It knows it must outrun the slowest gazelle or it will starve to death. It doesn’t matter whether you are the lion or the gazelle. When the sun comes up, you better start running. ~ African Proverb

Eleanor Roosevelt

We gain strength, and courage, and confidence by each experience in which we really stop to look fear in the face; we must do that which we think we cannot.~ Eleanor Roosevelt

Kelley

Professional selling requires hard work. There is no quick fix, magic answer or easy way to close more sales. ~ Kelley

George Bernard Shaw

Beware of false knowledge; it is more dangerous than ignorance. ~ George Bernard Shaw

Warren Buffett

People always want a formula - but it doesn't work that way - you have to estimate total cash generated from now to eternity, and discount it back to today. Yardsticks such as P/Es are not enough by themselves. ~ Warren Buffett
People always want a formula - but it doesn't work that way - you have to estimate total cash generated from now to eternity, and discount it back to today. Yardsticks such as P/Es are not enough by themselves ~ Warren Buffett
People always want a formula - but it doesn't work that way - you have to estimate total cash generated from now to eternity, and discount it back to today. Yardsticks such as P/Es are not enough by themselves - Warren Buffett

Charlie Munger

It's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it - who look and sift the world for a mispriced bet - that they can occasionally find one. ~ Charlie Munger
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Henry Ford

It has been my observation that most people get ahead during the time that others waste. ~ Henry Ford
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Warren Buffett

The business schools reward difficult complex behaviour more than simple behaviour, but simple behaviour is more effective. ~ Warren Buffett

Peter Lynch

All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don't work out ~ Peter Lynch
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Warren Buffett

We always look at them as businesses, whether we're buying the whole thing or 100 shares. ~ Warren Buffett
"Everything's inflated Like a tire on a car... Come to me, mama Ease my money crisis now I need something to support me" ~ Bob Dylan, "Money Blues"

Benjamin Graham

Individuals who cannot master their emotions are ill-suited to profit from the investment process. ~ Benjamin Graham

Charlie Munger

The number one idea is to view a stock as an ownership of the business and to judge the staying quality of the business in terms of its competitive advantage. Look for more value in terms of discounted future cash-flow than you are paying for. Move only when you have an advantage. ~ Charlie Munger

Peter Lynch

If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored. ~ Peter Lynch

Kelley Robertson

Executives don't care how much you know. They only want to know how much you can help them. ~ Kelley Robertson

Warren Buffett

Identifying bubbles is fairly easy. You don't know how big they will get and you don't know when they will pop. You don't know when midnight will hit, but when it does, it turns carriages to pumpkins and mice. What markets will do is pretty easy. When they will do it is more difficult. Some people want to stick around for the last dance, and they thought that a bigger fool would be just around the corner tomorrow. ~ Warren Buffett

Peter Lynch

There seems to be an unwritten rule on Wall Street: If you don't understand it, then put your life savings into it. Shun the enterprise around the corner, which can at least be observed, and seek out the one that manufactures an incomprehensible product. ~ Peter Lynch

Benjamin Graham

The extraordinary thing about the securities market, if you judge it over a long period of years, is the fact that it does not go off on tangents permanently, but it remains in continuous orbit. ~ Benjamin Graham
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Charlie Munger

We're emphasizing the knowable by predicting how certain people and companies will swim against the current. We're not predicting the fluctuation in the current. ~ Charlie Munger

Divya Jain, Director - Safeducate

"Supply chain & logistics industry is the backbone of the Indian economy and is one of the largest employment generators in the country. However, there are huge gaps when it comes to availability of quality manpower in this industry due to lack of formal education and overall industry perception. Safexpress intends to fill these gaps by way of providing quality education, which has a right balance of theoretical and practical training in supply chain & logistics." ~ Divya Jain, Director - Safeducate

Kelley Robertson

In sales, what you know is as important as who you know. ~ Kelley Robertson
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Charlie Munger

When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain? ~ Charlie Munger

Joel Greenblatt

One of the reasons why looking at return on capital is important is that it keeps you out of the value traps. ~ Joel Greenblatt
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Make your life a mission - not an intermission. ~ Anonymous
Intelligence without ambition is a bird without wings. ~ Anonymous

Robert Orben

Inflation is bringing us true democracy. For the first time in history, luxuries and necessities are selling at the same price. ~ Robert Orben

Anon

The British consider themselves superior to the rest of the world while the French consider the rest of the world inferior to them. ~ Anon

Vineet Nayar

An organization that takes 50 small decisions at the front will always be more effective than that takes five big decisions at the top. ~ Vineet Nayar

Warren Buffett

Our acquisition preferences run toward businesses that generate cash, not those that consume it.~ Warren Buffett

Warren Buffett

We have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist. ~ Warren Buffett

Milton Berle

A committee is a group that keeps minutes and loses hours. ~ Milton Berle

Joey Adams

Do not worry about avoiding temptation. As you grow older it will avoid you. ~ Joey Adams

Charlie Munger

Projections should be handled with care - particularly when they're being provided by someone who has an interest in misleading you. ~ Charlie Munger
All life is an experiment. The more experiments you make the better. ~ Anonymous
We're addicted to having no time because we don't know what to do with it once we get some. ~ Anonymous

Benjamin Graham

Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it - even though others may hesitate or differ. You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right ~ Benjamin Graham
Do not dwell in the past, do not dream of the future,, concentrate the mind on the present moment. ~ Anonymous
Don't ask for a light load, but rather ask for a strong back. ~ Anonymous

Warren Buffett

Turnarounds seldom turn, and that the same energies and talent are much better employed in a good business purchased at a fair price than in a poor business purchased at a bargain price. ~ Warren Buffett
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Charlie Munger

The difference between a good business and a bad business is that good businesses throw up one easy decision after another. The bad businesses throw up painful decisions time after time. ~ Charlie Munger

Scott Blanchard

Move beyond the carrot and stick - Don't settle for less when it comes to personal motivation. ~ Scott Blanchard

Sonya Levien

Good intentions are not enough. They've never put an onion in the soup yet. ~ Sonya Levien

Becky Gaylord

I don't remember the commencement speaker at my graduation. Do you? ~ Becky Gaylord

Zig Ziglar

Every sale has five basic obstacles: no need, no money, no hurry, no desire, no trust.~ Zig Ziglar

Peter Lynch

If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored. ~ Peter Lynch
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results. ~ Warren Buffett
The ladder of success is best climbed by stepping on the rungs of opportunity. ~ Anonymous

Mind Tools Newsletter 291

You are the creator of your success- accept yourself, believe in yourself, always keep your head high, be a person with class- that is who you are!
It just seems logical that sticking to investing in only a small number of companies that you understand well, rather than moving down the list to your thirtieth or fiftieth favorite pick, would create a much greater potential to earn above-average investment returns. ~ Joel Greenblatt
We don't have to be smarter than the rest. We have to be more disciplined than the rest. ~ Warren Buffett
It takes character to sit there with all that cash and do nothing. I didn't get to where I am by going after mediocre opportunities.~ Charlie Munger
Good intentions are not enough. They've never put an onion in the soup yet.~ Sonya Levien
I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits. ~ Warren Buffett
The true sign of intelligence is not knowledge but imagination. ~ Albert Einstein
Some people are more teachable than others. This is also true of dogs, however, so take it as you wish. The executive level should be a tough meritocracy. It shouldn't be easy. I look for people I can trust. Hiring people you can't trust is like starting off by dropping a spider in your bosom. ~ Charlie Munger
Stupid is as stupid does. ~ Forrest Gump
Value investing is the discipline of buying securities at a significant discount from their current underlying values and holding them until more of their value is realized. The element of a bargain is the key to the process. ~ Seth Klarman
When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom. ~ Peter Lynch
Our policy is to concentrate holdings. We try to avoid buying a little of this or that when we are only lukewarm about the business or its price. When we are convinced as to attractiveness, we believe in buying worthwhile amounts. ~ Warren Buffett
Our ministry starts by being good to people. When goodness flows out of our hearts, it catches people’s attention. It causes them to want to know more about what we have. ~ Joel Osteen
I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy'. ~ Peter Lynch
Sir John Templeton had one of the best methods for keeping emotion out of the process. He used to do his calculations of intrinsic value when there wasn't a lot going on in the market. He'd then place a margin of safety on those intrinsic values and place buy orders with his broker at, say, 40% below the current market price. ~ James Montier
People don't care how much you know until they know how much you care.~ Zig Ziglar
Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning aganist the right wall. ~ Stephen R.Covey
Long ago, Ben Graham taught me that 'Price is what you pay; value is what you get.' Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down. ~ Warren Buffett
Nothing in the world is worth having or worth doing unless it means effort, pain, difficulty. ~ Theodore Roosevelt
Cash combined with courage in a time of crisis is priceless. ~ Warren Buffett
A business or stock is not an intelligent purchase simply because it is unpopular; a contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling. Unfortunately, Bertrand Russell's observation about life in general applies with unusual force in the financial world: "Most men would rather die than think. Many do. ~ Warren Buffett
Activity is the enemy of investment returns. ~ Warren Buffett
Would you call yourself back if you received the voice mail you leave for every prospect? ~ Kelley Robertson
As in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him ~ Benjamin Graham
When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom. ~ Peter Lynch
Confronted with a challenge to distill the secret of sound investment into three words, we venture the motto, Margin of Safety. ~ Benjamin Graham
One of the best things I’ve learned in life is to obey God quickly. When God asks you to do it, do it right then. ~ Joel Osteen
The simplest definition of leadership therefore is someone who draws energy, inspiration and a right to lead those he/she lead. ~ Vineet Nayar
They can beat us, jail us, kill us, but we will not sell out our principles. These blows bring us more strength. ~ Julio Borges
Television has changed the American child from an irresistible force to an immovable object. ~ Laurence J Peter