A Quote by Charlie Munger
If you're going to be an investor, you're going to make some investments where you don't have all the experience you need. But if you keep trying to get a little better over time, you'll start to make investments that are virtually certain to have a good outcome. The keys are discipline, hard work, and practice. It's like playing golf - you have to work on it.
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The time to buy stocks is consistently over time. You should never buy your investments with the idea, 'I have to get a certain return.' You should look at the best return possible and learn to live with that. But you should not try to make your investments earn what you feel you need. It doesn't work that way. The stock doesn't know you own it.
Everybody who plays top-level sport, whether it's golf or football, or whatever, needs to get into 'The Zone'... For me personally, on the morning of a round, preparation is always about getting into the zone. The less I communicate with other people, the better. I'm trying to rehearse in my mind what I am working on in my game: going through my swing keys, going through my putting keys. When I get to the course I get the pin positions for the day and I'll analyze those. I'll make a strategy for the golf course and look how I'm going to play it
My career has been very strange. My career is like a heart monitor. I get involved in a good project now and then to keep things going. And then I make things that I work on that I hope are going to be good so I can make a living and keep a roof over the heads of those little monsters I have in my house.
I do have investments, investments in new jobs, investments in education, skill training, and the opportunities for people to get ahead and stay ahead. That's the kind of approach that will work.
The best investments you ever make are investments in yourself - and your education. Those investments always pay big dividends.
No. You can't. And I can't do anything either, about my life, to change it, make it better, make me feel better about it. Like it better, make it work. But I can stop it. Shut it down, turn it off like the radio when there's nothing on I want to listen to. It's all I really have that belongs to me and I'm going to say what happens to it. And it's going to stop. And I'm going to stop it. So. Let's just have a good time.
Many of the biggest and most far-reaching investments we make in our lives are investments that have little or nothing to do with money.
Get your work in, do what you need do, and get back up top. I'm a little bit behind the curve as far as not really having a spring training, so you're trying to get your work in, trying to work on things, and at the same time, you're also going out there trying to be competitive.
We're going to need to absorb some pain. The Republicans want to pile all the pain on people who can least afford it and the middle class and Democrats under his leadership want to make sure that we can address deficit reduction and continue to make investments and shared sacrifice is going to be imperative in order to be able to do that.
I feel like I need just to keep trying to make the work for the right reasons. I think part of that is working with really good people, and just trying to make strong truthful work. And not being diverted from that.
To a certain extent everybody has a certain sort of way of being a persona that they learn how to be when they're really little. They figure out that if they're really funny, or really pretty, or if they work really, really hard or are really smart, then that's what's going to get them by. That is what is going to make people like them.
Being a good private equity investor is more complicated than it seems. I would say that there are a few characteristics that are important. If you look at the skill set that you need to ultimately be a successful private equity investor, at least at the senior level, you have to be, in this business, a good investor. You have to be able to help companies perform and you have to have judgment around exiting investments. If you look at the skill sets there, they include some things you can teach and some that you can't.
My wife has been incredibly supportive of me as a writer. Trying really hard to make sure I get the space and time I need to work as a writer and being willing to make some of the sacrifices that you have to make to live the life of an artist.
It's very hard to go out and make big investments to take advantage of the shale energy if we don't know if it's always going to be there, what price it's going to be there, whether the country's going to allow it to be exported, or whether it's going to go and affect subsidized U.S. manufacturing.
I really believe that we have to work hard to make online education better and better, and eventually it's going to be really great. But like most of these things, it takes time to improve, to understand and to make things really good.
You're going to go through times when you don't do too well, or you may have some slumps or get outpitched. Just keep going up there and having your at-bats, keep having your same approach and keep trying to make little adjustments like you do during the season.
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