Quotes from The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments

200 pages

Rating: (1K votes)


“unless a company has some kind of economic moat, predicting how much shareholder value it will create in the future is pretty much a crapshoot, regardless of what the historical track record looks like. Looking at the numbers is a start, but it’s only a start. Thinking carefully about the strength of the company’s competitive advantage, and how it will (or won’t) be able to keep the competition at bay, is a critical next step.”
― quote from The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments


“Even the Best Company Will Hurt Your Portfolio If You Pay Too Much for It.”
― quote from The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments


“Thinking about moats can protect your investment capital in a number of ways. For one thing, it enforces investment discipline, making it less likely that you will overpay for a hot company with a shaky competitive advantage. High returns on capital will always be competed away eventually, and for most companies—and their investors—the regression is fast and painful.”
― quote from The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments


“The best engineer in the world can’t build a 10-story sandcastle.”
― quote from The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments


“you can simply buy wonderful companies at reasonable prices, and let those companies compound cash over long periods of time. Surprisingly, there aren’t all that many money managers who follow this strategy, even though it’s the one used by some of the world’s most successful investors. (Warren Buffett is the best-known.)”
― quote from The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments



Popular quotes

“Hup! . . . and here we are, waking up. Quick scan around, nothing immediately threatening, it would seem . . . Hmm. Floating in space. Odd. Nobody else around. That’s funny. View’s a bit degraded. Oh-oh, that’s a bad sign. Don’t feel quite right, either. Stuff missing here . . . Clock running way slow, like it’s down amongst the electronics crap . . . Run full system check. ... Oh, good grief!”
― Iain M. Banks, quote from Excession


“No lifetime is long enough for those who wish to create,”
― Dan Simmons, quote from The Rise of Endymion


“I have no words to save you.”
― Julie Berry, quote from All the Truth That's in Me


“short, dark hair and strong shoulders. He had a handsome, intelligent”
― James Patterson, quote from 1st to Die


“A boy was watching his grandmother write a letter. At one point he asked:

‘Are you writing a story about what we’ve done? Is it a story about me?’
His grandmother stopped writing her letter and said to her grandson:
I am writing about you, actually, but more important than the words is the pencil I’m using. I hope you will be like this pencil when you grow up.’

Intrigued, the boy looked at the pencil. It didn’t seem very special.
‘But it’s just like any other pencil I’ve ever seen!’

‘That depends on how you look at things. It has five qualities which, if you manage to hang on them, will make you a person who is always at peace with the world.’

‘First quality: you are capable of great things, but you must never forget that there is a hand guiding your steps. We call that hand God, and He always guides us according to His will.’
‘Second quality: now and then, I have to stop writing and use a sharpner. That makes the pencil suffer a little, but afterwards, he’s much sharper. So you, too, must learn to bear certain pains and sorrows, because they will make you a better person.
‘Third quality: the pencil always allows us to use an eraser to rub out any mistakes. This means that correcting something we did is not necessarily a bad thing; it helps to keep us on the road to justice.’
‘Fourth quality: what really matters in a pencil is not its wooden exterior, but the graphite inside. So always pay attention to what is happening inside you.’
‘Finally, the pencil’s fifth quality: it always leaves a mark. in just the same way, you should know that everything you do in life will leave a mark, so try to be conscious of that in your every action”
― Paulo Coelho, quote from Like the Flowing River


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