Tuesday, November 3, 2009

Some great quotes relevant to now!

Dad thanks for forwarding these on! What do you think Aivars?

Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.
- Warren Buffett

I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.
- Warren Buffet again

The love of money as a possession — as distinguished from the love of money as a means to the enjoyments and realities of life — will be recognised for what it is, a somewhat disgusting morbidity, one of those semi-criminal, semi-pathological propensities which one hands over with a shudder to the specialists in mental disease.
- John Maynard Keynes

If you're having fun, you're probably not making any money. Good investing is boring.
- George Soros.

Under capitalism, man exploits man. Under communism, it's just the opposite.
- John Kenneth Galbraith

Let me tell you the story of the oil prospector who met St. Peter at the Pearly Gates. When told his occupation, St. Peter said, "Oh, I'm really sorry. You seem to meet all the tests to get into heaven. But we've got a terrible problem. See that cage over there? That's where we keep the oil prospectors waiting to get into heaven. And it's filled—we haven't got room for even one more." The oil prospector thought for a minute and said, "Would you mind if I just said four words to those folks?" "I can't see any harm in that," said St. Pete. So the old-timer cupped his hands and yelled out, "Oil discovered in hell!" Immediately, the oil prospectors wrenched the lock off the door of the cage and out they flew, flapping their wings as hard as they could for the lower regions. "You know, that's a pretty good trick," St. Pete said. "Move in. The place is yours. You've got plenty of room." The old fellow scratched his head and said, "No. If you don't mind, I think I'll go along with the rest of 'em. There may be some truth to that rumour after all.
- Benjamin Graham