Category Archives: Quotes

Quotes of the Day

Daniel Kahneman It's frightening to think that you might not know something, but more frightening to think that, by and large, the world is run by people who have faith that they know exactly what's going on. Mark Twain It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so....

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“Patience is not simply the ability to wait – it’s how we behave while we’re waiting.”

– Joyce Meyer

Small Business Success Traits

Rob Riedl, Director of Wealth Management is featured in an interview conducted by Direct Capital's Small Business Success experts group, which highlights traits of successful small business owners.  Rob's comment: They remained focused on the opportunity to be successful and are not distracted by the possibility of failure. They are always all in and never give up! The entire list, which includes observations and comments from 49 other small business professionals can be found on the Direct...

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Quote of the Day

Post On May 19, 2014 by

What we think, or what we know, or what we believe is, in the end, of little consequence. The only consequence is what we do." -- John Ruskin, British art critic, writer and philanthropist...

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There are know knowns; there are things we know…there are known unknowns; that is to say, we know there are some things we do not know. But there are also unknown unknowns-the ones we don’t know we don’t know.

We believe that the above quote is very relevant in today’s market, where there are many unknown unknowns or risks that have not been identified and/or quantified.

“Las Vegas is busy every day, so we know that not everyone is rational.”

– Charles Ellis

“The stock market is filled with individuals who know the price of everything, but the value of nothing.”

Phillip Fisher

“Personal finance…is more personal than it is finance.”

– Tim Maurer

“The four most dangerous words in investing are: ‘this time it’s different.’”

– Sir John Templeton

“Wall Street has a few prudent principles; the trouble is that they are always forgotten when they are most needed.”

– Benjamin Graham

“Nothing in life is quite as important as you think it is while you’re thinking about it.”

– Daniel Kahneman

“While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster”

– Benjamin Graham

“In investing, what is comfortable is rarely profitable.”

– Robert Arnott

“Investing isn’t about beating others at their game. It’s about controlling yourself at your own game.”

Jason Zweig

“Overconfidence is a very serious problem. If you don’t think it affects you, that’s probably because you’re overconfident.”

– Carl Richards

“The irony of obsessive loss aversion is that our worst fears become realized in our attempts to manage them.”

– Daniel Crosby

“Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.”

– Warren Buffett

“The investor’s chief problem – and even his worst enemy – is likely to be himself.” – Benjamin Graham

“By the time any view becomes a majority view, it is no longer the best view: somebody will already have advanced beyond the point which the majority have reached.”

– Friedrich Hayek

“Be fearful when others are greedy and greedy when others are fearful.”

Warren Buffett