•  "Democracies don’t make great products. You need a competent tyrant.” – Jean-Louis Gassee, Venture capitalist

 

  • "Whatever your set of competitors is today is transitory. You would have to change your strategy all the time." - Jeff Bezos, Founder, Amazon.com

 

  • "The essence of entrepreneurship is a strange combination of being flexible and stubborn. Successful entrepreneurs are both, simultaneously, the trick is knowing when to be flexible and when to be stubborn." - Jeff Bezos, Founder, Amazon.com

 

  • "A man always has two reasons for the things he does: a good reason and the real reason." - J.P. Morgan, American Financier 

 

  • “What really moved the markets is not earnings or even expected earnings but expected cash flow that is above and beyond the anticipated investment requirement of the business.”– Joel Stern

 

  • "We must base our asset allocation not on the probabilities of choosing the right allocation, but on the consequences of choosing the wrong allocation." - John Bogle, Founder, The Vanguard Group

 

  • "One half of your return is determined by your investments, the other half by what kind of person you are." - John Bogle, Founder, The Vanguard Group

 

  • "Speculation is not only a loser's game, but a game in which most losers lose big, and many losers lose all." - John Bogle, Founder, The Vanguard Group  

 

  • "Staying the course [is the] phrase which I have described as the single best piece of investment wisdom ever spoken." - John Bogle, Founder, The Vanguard Group

 

  • "The economy depends as much upon economists as the weather does upon weather forecasters." - Jean-Paul Kauffmann, French journalist and writer

 

  • "Pick battles big enough to matter, small enough to win." - Jonathon Kozol, Non-fiction writer and activist

 

  • “Prices can’t perfectly reflect the information which is available, since those who spent resources to obtain it would receive no compensation.”– Joseph Stiglitz and Sanford Grossman, p.182, “The Myth of the Rational Market”, Justin Fox, Harper Business

 

  •  “If information were inexpensive, there would be in a market of rational investors be almost no trading, since all investors would have access to the same information and thus come to the same conclusions. Without expensive-to-unearth information or irrationality (or both), markets could not exist.” - Joseph Stiglitz and Sanford Grossman, p.182, “The Myth of the Rational Market”, Justin Fox, Harper Business

 

  • “Financial markets are not a natural phenomenon. They are man-made – made by men and women whose business is gazing into an uncertain, risky future.” – Justin Fox, p.229, The Myth of the Rational Market, Harper Business

 

  • “When enough people subscribe to a particular means of taming financial risk, then that in itself brings new risks.” – Justin Fox, p.238, “The Myth of the Rational Market”, Harper Business

 

  • “Financial risk is not just about numbers and scatter charts and pervasive forces. The actions of individuals matter.” – Justin Fox, p.242, “The Myth of the Rational Market”, Harper Business

 

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