Warren Buffett · 246 pages
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“A horse that can count to ten is a remarkable horse—not a remarkable mathematician.”
― Warren Buffett, quote from The Essays of Warren Buffett: Lessons for Corporate America
“calling someone who trades actively in the market an investor “is like calling someone who repeatedly engages in one-night stands a romantic.”
― Warren Buffett, quote from The Essays of Warren Buffett: Lessons for Corporate America
“So smile when you read a headline that says “Investors lose as market falls.” Edit it in your mind to “Disinvestors lose as market falls—but investors gain.” Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other. (As they say in golf matches: “Every putt makes someone happy.”)”
― Warren Buffett, quote from The Essays of Warren Buffett: Lessons for Corporate America
“as happens in Wall Street all too often, what the wise do in the beginning, fools do in the end.”
― Warren Buffett, quote from The Essays of Warren Buffett: Lessons for Corporate America
“Having firstrate people on the team is more important than designing hierarchies and clarifying who reports to whom”
― Warren Buffett, quote from The Essays of Warren Buffett: Lessons for Corporate America
“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful”
― Warren Buffett, quote from The Essays of Warren Buffett: Lessons for Corporate America
“(Thomas J. Watson Sr. of IBM followed the same rule: “I’m no genius,” he said. “I’m smart in spots—but I stay around those spots.”)”
― Warren Buffett, quote from The Essays of Warren Buffett: Lessons for Corporate America
“The requisites for board membership should be business savvy, interest in the job, and owner-orientation.”
― Warren Buffett, quote from The Essays of Warren Buffett: Lessons for Corporate America
“this holding has proved extraordinarily profitable thanks to a move by your Chairman that combined luck and skill—110% luck, the balance skill.”
― Warren Buffett, quote from The Essays of Warren Buffett: Lessons for Corporate America
“say, a 2:1 ratio than it is to have far greater coverage provided by a single utility. A catastrophic event can render a single utility insolvent—witness what”
― Warren Buffett, quote from The Essays of Warren Buffett: Lessons for Corporate America
“thought then that decent, intelligent, and experienced managers would automatically make rational business decisions. But I learned over time that isn’t so. Instead, rationality frequently wilts when the institutional imperative comes into play. For example: (1) As if governed by Newton’s First Law of Motion, an institution will resist any change in its current direction; (2) Just as work expands to fill available time, corporate projects or acquisitions will materialize to soak up available funds; (3) Any business craving of the leader, however foolish, will be quickly supported by detailed rate-of-return and strategic studies prepared by his troops; and (4) The behavior of peer companies, whether they are expanding, acquiring, setting executive compensation or whatever, will be mindlessly imitated.”
― Warren Buffett, quote from The Essays of Warren Buffett: Lessons for Corporate America
“Loss of focus is what most worries Charlie and me when we contemplate investing in businesses that in general look outstanding. All too often, we’ve seen value stagnate in the presence of hubris or of boredom that caused the attention of managers to wander.”
― Warren Buffett, quote from The Essays of Warren Buffett: Lessons for Corporate America
“You don’t have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very”
― Warren Buffett, quote from The Essays of Warren Buffett: Lessons for Corporate America
“What counts for most people in investing is not how much they know, but rather how realistically they define what they don't know.”
― Warren Buffett, quote from The Essays of Warren Buffett: Lessons for Corporate America
“Culture, more than rule books, determines how an organization behaves.”
― Warren Buffett, quote from The Essays of Warren Buffett: Lessons for Corporate America
“That does it," said Jace. "I'm going to get you a dictionary for Christmas this year."
"Why?" Isabelle said.
"So you can look up 'fun.' I'm not sure you know what it means.”
― Cassandra Clare, quote from City of Ashes
“Only in today's sick society can a man be persecuted for reading too many books.”
― Markus Zusak, quote from I Am the Messenger
“What would I do without you?
You're never going to find out.”
― Sylvia Day, quote from Reflected in You
“Without lesions making everyone agreeable, society was left roiling in a constant battle of words, images, and ideas. All around her Tally felt the city seething, all those unfettered minds bouncing their opinions off each other, like something ready to explode.”
― Scott Westerfeld, quote from Specials
“It's me," a deep voice rumbled.
The hands released me and I turned. There stood Derek, all six foot of him. Maybe it was just the thrill of seeing him, but he looked better than I remembered. His black hair was still lank, and his face was still dotted with acne. But he looked...better.
~~~~~
Tori waited until Derek was gone, then shuddered. "Okay, Derek always weired me out, but the wolf man stuff is seriously creepy. Suits him, I suppose. A creepy power for a creepy guy."
"I thought he looked better."
She stared at me.
"What? He does. Probably because he's starting his wolf changes and he's not stressed out about being in Lyle House. That must help."
"You know what will really help? Shampoo. Deodorant - "
I raised my hand to cut her off. "He smelled fine, so don't start that. I'm sure his wearing deodorant and - for once-it's working. As for showers, they're a little hard to come by on the street, and we won't look much better soon."
"I'm just saying."
"Do you think he doesn't know you're saying? News flash-he's not stupid.”
― Kelley Armstrong, quote from The Awakening
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