A Quote by Bernard Baruch
Become more humble as the market goes your way.
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The more evident it is that a certain company is going to become the market leader in a big market space, then the higher the valuation goes because the risk has been dramatically reduced.
Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if it gets there. In particular, you should spend no time at all thinking about those rosy scenarios in which the market goes your way, since in those situations, there's nothing more for you to do. Focus instead on those things you want least to happen and on what your response will be.
The more successful you and your organization become, the more humble and devoted to your customers you need to be.
Just being alive is such a gift, but nobody ever told you to be thankful to existence. On the contrary, everyone was grumpy, complaining. Naturally, if everything surrounding your life from the very beginning goes on pointing out to you that you are not what you should be, goes on giving you great ideals that you have to follow and you have to become, your isness is never praised. What is praised is your future - if you can become someone respectable, powerful, rich, intellectual, in some way famous, not just a nobody.
Danger is when you are split three ways: Your soul goes one way, your mind goes another way and your body goes yet another way.
As a bull market turns into a bear market, the new pros turn into optimists, hoping and praying the bear market will become a bull and save them. But as the market remains bearish, the optimists become pessimists, quit the profession, and return to their day jobs. This is when the real professional investors re-enter the market.
The model I like to sort of simplify the notion of what goes on in a market for common stocks is the pari-mutuel system at the racetrack. If you stop to think about it, a pari-mutuel system is a market. Everybody goes there and bets and the odds change based on what's bet. That's what happens in the stock market.
It's kind of like being a writer in the sense that you always hear other writers say, 'Well, the best way to start writing is to just start writing.' The same goes for improvisation. You want to start improvising, just start playing notes. And the more you do that, the more comfortable - or not comfortable - but I guess how you're able to adapt to situations. You become more familiar with your instrument. As soon as you have a musical thought, you can go ahead and add to that musical thought and know your way around.
When you take away the violence from the market, even it starts shifting into something else - not exactly paradise, but it doesn't become the market in the way we see it now.
This is just the way it goes: there's always a cycle with music - it goes up and it goes down, it goes risque and it goes back, it goes loud then it goes soft, then it goes rock and it goes pop.
But the worst enemy you can meet will always be yourself; you lie in wait for yourself in caverns and forests. Lonely one, you are going the way to yourself! And your way goes past yourself, and past your seven devils! You will be a heretic to yourself and witch and soothsayer and fool and doubter and unholy one and villain. You must be ready to burn yourself in your own flame: how could you become new, if you had not first become ashes?
The more your meditation goes deep, the less and less you will feel the burden of the mind. The more and more meditation goes deep, the less and less you will be a mind. Thoughts will become rare, and ultimately they cease. That doesn't mean you become unthinking; it only means that your consciousness becomes clear, transparent, without thoughts moving continuously as clouds. Whenever you need to think you can think; but now thought becomes an instrument to you, not an obsession as it is presently. Thoughts are an obsession without meditation.
You can do one of two things: You can humble yourself or life will humble you. I think it's a lot easier to find a way to humble yourself.
By only becoming aware of Krishna's greatness we can become aware of our minuteness. That's the way to become Humble.
Stock market goes up or down, and you can't adjust your portfolio based on the whims of the market, so you have to have a strategy in a position and stay true to that strategy and not pay attention to noise that could surround any particular investment.
What's great is that the picture is already taken before it goes public. It's in secret. The trust that develops from such a habit engenders risk, and you realise you're not as vulnerable as you thought. Once you become comfortable with being more truthful about who you are, the easier it is, the prouder you become. That's the way it unfolded for us.
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