A Quote by Benjamin Graham
Successful investment may become substantially a matter of techniques and criteria that are learnable, rather than the product of unique and incommunicable mental powers.
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Intelligent investment is more a matter of mental approach than it is of technique. A sound mental approach toward stock fluctuations is the touchstone of all successful investment under present-day conditions.
It is certain that there may be extraordinary mental activity with an extremely small absolute mass of nervous matter: thus the wonderfully diversified instincts, mental powers, and affections of ants are notorious, yet their cerebral ganglia are not so large as the quarter of a small pin's head. Under this point of view, the brain of an ant is one of the most marvelous atoms of matter in the world, perhaps more so than the brain of a man.
We need to remember that we can't compete endlessly with other nations that set their income taxes substantially lower than ours. They will attract jobs, and investment. They may generate more tax - and they may even persuade their tennis champs to run that extra half yard
Chess is more than a game or a mental training. It is a distinct attainment. I have always regarded the playing of chess and the accomplishment of a good game as an art, and something to be admired no less than an artist's canvas or the product of a sculptor's chisel. Chess is a mental diversion rather than a game. It is both artistic and scientific.
A product is something made in a factory; a brand is something that is bought by the customer. A product can be copied by a competitor; a brand is unique. A product can be quickly outdated; a successful brand is timeless.
We can learn from IBM's successful history that you don't have to have the best product to become number one. You don't even have to have a good product.
You are not barred from attaining greatness by heredity. No matter who or what your ancestors may have been or how unlearned or lowly their station, the upward way is open for you. There is no such thing as inheriting a fixed mental position; no matter how small the mental capital we receive from our parents, it may be increased; no man is incapable of growth.
Too many companies believe that all they must do is provide a 'neat' technology or some 'cool' product or, sometimes, just good, solid engineering. Nope. All of those are desirable (and solid engineering is a must), but there is much more to a successful product than that: understanding how the product is to be used, design, engineering, positioning, marketing, branding-all matter. It requires designing the Total User Experience.
Throughout the history of the Internet, most of the innovation has come as a by-product of efforts to facilitate communication within social groups of various kinds (academics, bloggers, peer-to-peer file sharing), rather than as the result of profit-oriented investment. Rather than taking the lead, the business and government sectors have adopted innovations developed in Internet communities, and realised significant productivity gains as a result.
There is no question that an important service is provided to investors by investment companies, investment advisors, trust departments, etc. This service revolves around the attainment of adequate diversification, the preservation of a long-term outlook, the ease of handling investment decisions and mechanics, and most importantly, the avoidance of the patently inferior investment techniques which seem to entice some individuals.
So acknowledge here to yourself, ‘I am unique, and while there may be someone who is better than me at this or that, it doesn’t matter because they’re not me. So no matter what, they’ll never do it like me because that’s impossible.’ So embrace the quirks, embrace your individuality, embrace where you are in life. No one else is like you, and that is special, and that is unique.
This is a unique deposit not just in terms of reserves, but also in terms of extraction techniques. Therefore there're grounds to talk about [applying] the Product Sharing Agreement.
Freed from the thoughts of winning, I instantly play better. I stop thinking, start feeling. My shots become a half-second quicker, my decisions become the product of instinct rather than logic.
The occult powers may be possessed by soul, but if they are not used in the right way it is a loss rather than a gain.
A conceived thing is doubly a product of mind, more a product of mind, if you will, than an idea, since ideas arise, so to speak,by the mind's inertia and conceptions of things by its activity. Ideas are mental sediment; conceived things are mental growths.
Most entrepreneurs come up with a product, or they come up with an idea and they think they can be successful with it. But if they don't know the financial side of their business and understand credit and working capital and what it takes money-wise, you can't be successful. The product is just a product.
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