-o-

When everything's been taken from you
there remains only one thing to do:
wipe away your tears and to forget the past,
and fight 'til the fear in your heart disappears.

-o-

When we see the world through each other's eyes,
then we can start to share the same vision.

-o-

Everybody can talk openly about
the dreams they've been dreaming of;
but not everybody will work
until those dreams become actions.

-o-

Try not to predict destiny;
just follow the small little signs
that appear along the way.

-o-

Yesterday is history;
tomorrow is an illusion;
today is yet to be written.

-o-

"Sovereign Debt of Euro Zone Turning Sour."
"The debt crisis was fed by governments that
borrowed too much, regulators that let banks treat
the bonds as without risk and investors who
viewed the bonds of all countries as solid."

-o-

Companies that put all their trust in control procedures
foster dangerous contentment at the top.

-o-

Years ago, we learned what we were told.
Today, we learn through research.

-o-

If it walks like a duck and quacks like a duck,
it's probably a duck.

-o-

Make sure the accountants are reputable, the results
transparent, and insist on meeting the managers in person.
Keep in mind that risk and reward always travel together,
that if something sounds too good to be true it usually is,
that the law of gravity cannot be repealed, that you’re
seldom warned the floor has just been waxed;
remember: the Wizard of Oz was a phony.

-o-

It is better to be slow and sure
than fast and reckless.

-o-

Achievements worth celebrating happen twice,
first when they are the vision in your head and later,
when they actually occur.

-o-

Without an initial vision of a desired result,
status quo will forever reign.

-o-

It is better to be certain of a good result
than hopeful of a great one.

-o-

That which you should remain clear of is that which
consistently employs an ever-greater amount of capital
at very low rates of return.

-o-

Take action every day, and stay focused for the long haul.

-o-

Concern yourself with a secular outlook for the future:
consider what is likely to happen, rather than what should happen.
It determines the analytical guardrails that govern the positioning
of portfolios over time. It also influences many other things:
from the design of forward-looking investment solutions to medium-term positioning.

Beware of the shadow banker.

It takes 20 years to build a reputation
but only five minutes to ruin it.

Leverage is deployment of an insufficient amount of something to do that which was previously done with much more.

Zero-based budgeting will allow for comprehensive utilization of attainable resources and must be justified as compared to that which may want to be sanctified.

It is better to be suspicious and safe
than trusting and sorry.

-o-

Annoyingly patient investors seemingly always laugh last because when the wait is over, the hyperactive armchair investor will refer to them as geniuses, when, all along, it was just good research and patience.

-o-

Rome wasn't built in a day and fortunes are not made between now and next week Thursday.

-o-

"We've long felt that the only value of stock forecasters is to make fortune tellers look good. Even now, Charlie [Munger] and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children."    --Warren Buffet