Words of Wisdom

Take risks: if you win, you will be happy; if you lose, you will be wise.

They say a man never really knows himself, until his freedom's been taken away.

Oh Woman, Beauty and Knowledge, you can only have one. Having both or having none, is still a tragedy.

I did not have time to write you a short letter, so I wrote you a long one. ~ Mark Twain

You can lead a whore to culture but you can��t make her think.

When you hold back, somebody goes ahead.

Everything that I know...I know only because I love. ~ War and Peace, Leo Tolstoy

(I)n addition to factoring in a long life, we should also consider a life cut short and indulge in a few luxuries.

Do not buy a stock and then ask someone what he thinks of it. If he disagrees with your judgment, you will not pay any attention to him anyway; and it is a waste of breath to run around looking solely for people who will agree with you. ~ Humphrey B. Neill

My own observation has led me to believe that few would-be investors really desire advice. They merely want approval of what they have already made up their minds to do. ~ Emerson McMillin

Cheat me once, shame on you, cheat me twice, shame on me.

When parents give to children all smile, but when children give to parents all cry.

Children who score well on financial literacy tests come from well-off , well-educated families, and children cite their parents as their primary source of information on financial matters.

Schools are much less effective than parents in teaching fi-nancial literacy and inculcating saving and investment habits in children. High school education in financial literacy had little effect on financial knowledge and even less on financial behav-ior.

Parents who fail to teach their children a balance between money and life might see children grow into adults lacking that balance.

Fairness and the law make up a two-way street where the law affects perceptions of fairness while perceptions of fairness shape the law. Legislators change the law and judges modify their interpretation of the law when perceptions of fairness change.

I��m too smart to be fooled into buying an expensive watch when an inexpensive one shows the same hour.

The rich accumulate more wealth than they or their heirs can reasonably consume, perhaps because accumulated wealth brings status. Wealth boosts self-confidence and applies balm when one is slighted by others.

Indeed, the mere act of counting money calms distress and restores self-confidence.

Many prefer to be relatively wealthy in a poor society than relatively poor in a rich society. Our happiness depends on how our socioeconomic group is doing relative to the average in our geographic area.

One has to take calculated risks in business, but it��s also important to switch gears immediately if you think your decision was wrong. ~ Atsutoshi Nishida, Toshiba��s chief executive

For heaven��s sake, you do not need to have a love affair with your stock just because you bought it. Love is sometimes fickle, you know. ~ Humphrey Neill

The one thing that retards success in trading, more than any other, is the unwillingness of many of us to accept losses, cheerfully and quickly. ~ Humphrey Neill

Freedom of choice is what you got. Freedom from choice is what you want.

Stocks go up and down for many reasons and no reason at all. We need not kick ourselves with regret every time stock prices go down, and we should not stroke ourselves with pride every time they go up.

Regret is painful while pride is pleasurable, but both are teachers, warning us against behavior likely to inflict regret and encouraging us to toward behavior likely to bring pride.

Speculation is impossible to avoid by anybody. Your wife speculates when she buys a hat. . . . She speculated when she married you. All hope is nothing else but speculation, and if you want to take hope out of the world you might as well blow it up. ~ George Frederick

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

Be still and know that I am God; I will be exalted among the nations, I will be exalted in the earth.