"Compound interest is the 8th wonder of the world. He who understands it earns it. He who doesn't, pays it"
Albert Einstein
"The four most expensive words in the English language are this time it's different"
John Templeton
"All of us would be better investors if we just made fewer decisions"
Daniel Kahneman
"Only when you combine sound intellect with emotional discipline do you get rational behaviour"
Warren Buffett
INVESTING IS LIKE WALKING UPSTAIRS USING A YOYO. HISTORICALLY, THE TREND IS UPWARDS WITH SOME UPS AND DOWNS ALONG THE WAY
THE ONLY WAY TO AVOID MISTAKES IS TO NOT INVEST AT ALL AND THAT IS THE BIGGEST MISTAKE
“History doesn’t repeat itself, but it often rhymes.”
Mark Twain
THE POWER OF MARKETS
"The habit of saving is itself an education; if fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind."
TT Munger
"Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time."
Johann Wolfgang von Goethe
"The person who doesn't know where his next dollar is coming from usually doesn't know where his last dollar went."
Denise Duffield-Thomas
"Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."
Charles Dickens
