Samajhdar Niveshak

 Yellow highlight | Page: 6 Let everyone else call your idea crazy . . . just keep going. Don’t stop. Don’t even think about stopping until you get there, and don’t give much thought to where “there” is. Whatever comes, just don’t stop. Yellow highlight | Page: 23 I was a linear thinker, and according to Zen linear thinking is nothing but a delusion, one of the many that keep us unhappy. Reality is nonlinear, Zen says. No future, no past. All is now. Yellow highlight | Page: 36 Don’t tell people how to do things, tell them what to do and let them surprise you with their results. Yellow highlight | Page: 81 Again and again I learned that lack of equity was a leading cause of failure. Ye...

 Yellow highlight | Location: 421 “What are you doing that your competitors aren't doing yet?” What a great question! The emphasis was on the word yet. Staggering. Most folks, when you ask them that question, aren't doing one darned thing of any great significance their competitors aren't already doing and feel awestruck that you asked them this and they hadn't thought of it themselves. Yellow highlight | Location: 1,333 POINT 1. Does the company have products or services with sufficient market potential to make possible a sizable increase in sales for at least several years? Yellow highlight | Location: 1,349 Therefore growth should not be judged on an annual basis but, say, by taking units of several years each. Yellow highlight | Location: 1,393 ...

 Yellow highlight | Page: 13 When dealing with people, let us remember we are not dealing with creatures of logic. We are dealing with creatures of emotion, creatures bristling with prejudices and motivated by pride and vanity. Yellow highlight | Page: 13 Any fool can criticize, condemn and complain – and most fools do. But it takes character and self-control to be understanding and forgiving. Yellow highlight | Page: 17 Sigmund Freud said that everything you and I do springs from two motives: the sex urge and the desire to be great. John Dewey, one of America’s most profound philosophers, phrased it a bit differently. Dr. Dewey said that the deepest urge in human nature is “the desire to be important.” Yellow highlight | Page: 23 “I consider my ...

 Yellow highlight | Location: 262 if you’re unwilling to take a position so bold that it can embarrass you if it fails, it’s correspondingly impossible to take a position that can make a real difference if it works out well. Yellow highlight | Location: 554 He thinks about the business, the people who run the business, the economics of the business, and then the value of the business, and in each case he lays what he learns against his own benchmarks. I labeled them investment tenets and divided them into four categories: business tenets, management tenets, financial tenets, and market tenets. Yellow highlight | Location: 606 “Your goal as an investor should be simply to purchase, at a rational price, a part interest in an easily understood business whose earnings are virtually certain to be materially higher, five, te...

 Yellow highlight | Location: 70 “Experience is what you got when you didn’t get what you wanted.”                  Yellow highlight | Page: 9 What about the five-star funds? you might ask. Read the small print: mutual funds are rated relative to each other. The ratings don’t say anything about their having beaten an objective standard such as a market index.    Yellow highlight | Page: 10 if riskier investments could be counted on to produce higher returns, they wouldn’t be riskier.               Yellow highlight | Page: 11 Second-level thinkers know that, to achieve superior results, they have to have an edge in either information or analysis, or both. They are on the alert for instances of misperception. My son Andrew is a budding investor, and he comes up with lots of appealing investment ideas based on today’s facts and the outlook for tomorrow. But he’s been well trained. His first test ...

Hold no more stocks than you can remain informed on. In dieting and in stocks, it is the gut and not the head that determines the results. Warren Buffett’s admonition those people who can’t tolerate seeing their stocks lose 50 percent of their value shouldn’t own stocks also applies to stock funds. This is one of the keys to successful investing: focus on the companies, not on the stocks. The Rule of 72 is useful in determining how fast money will grow. Take the annual return from any investment, expressed as a percentage, and divide it into 72. The result is the number of years it will take to double your money. With a 25 percent return, your money doubles in less than 3 years: with a 15 percent return, it doubles in less than 5. no matter what price you pay for a stock when it goes to zero you’ve lost 100 percent of your money. Here’s a tip from experience: before you invest in a low-priced stock in a shaky company, look at what’s been happening to the pr...