A Quote by Charlie Munger
Anyone with an engineering frame of mind will look at [accounting standards] and want to throw up.
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I think about photographs as being full, or empty. You picture something in a frame and it's got lots of accounting going on in it-stones and buildings and trees and air - but that's not what fills up a frame. You fill up the frame with feelings, energy, discovery, and risk, and leave room enough for someone else to get in there.
Everyone caved, adopted loose [accounting] standards, and created exotic derivatives linked to theoretical models. As a result, all kinds of earnings, blessed by accountants, are not really being earned. When you reach for the money, it melts away. It was never there. It [accounting for derivatives] is just disgusting. It is a sewer, and if I'm right, there will be hell to pay in due course. All of you will have to prepare to deal with a blow-up of derivative books.
Proper accounting is like engineering. You need a margin of safety. Thank God we don't design bridges and airplanes the way we do accounting.
You don't have to live up to anyone else's standards, you don't have to look like anyone else, you don't have to compare yourself to anyone else. You being you is enough, and you putting your positivity and good vibes out into the world, once you get to that point absolutely everything will fall into place.
There is no excuse for anyone not to train three times a week. People want to look fat. Anyone can change their mind if they want to. It's all about motivation.
A positive frame of mind will definitely enhance your travelling experience. If I'm not in a positive frame of mind then the whole thing definitely becomes more of a challenge for me.
Jobs offshoring began with manufacturing, but the rise of the high-speed Internet made it possible to move offshore tradable professional skills, such as software engineering, information technology, various forms of engineering, architecture, accounting, and even the medical reading of MRIs and CT-Scans.
Sometimes when it comes to music, effects or sound engineering, it is difficult to achieve what you want within a fixed time frame.
Sit in meditation ! But do not think ! Look only at your mind ! You will see thoughts coming into it ! Before they can enter, throw these away from your mind till your mind is capable of entire silence.
As Aristotle said, happiness is not a condition that is produced or stands on its own; rather, it is a frame of mind that accompanies an activity. But another frame of mind comes first. It is a steely determination to do well.
To be happy when you are travelling, you need to be happy inside before you leave. A positive frame of mind will definitely enhance your travelling experience. If I'm not in a positive frame of mind then the whole thing definitely becomes more of a challenge for me.
I believe that the time has arrived for medical investigation of the problems of manned rocket flight, for it will not be the engineering problems but rather the limits of the human frame that will make the final decision as to whether manned space flight will eventually become a reality.
I think in a couple of weeks, the question of all these bad write-offs will be behind us because everybody is going to throw in the towel on bad accounting.
It's interesting and somewhat dismaying how many people will look up to anyone who wins a multimillion-dollar lottery - but will deride anyone who has worked either hard or smart to attain prosperity and real success.
Throw back the shoulders, let the heart sing, let the eyes flash, let the mind be lifted up, look upward and say to yourself ... nothing is impossible!
A wise man once said that we can't make anyone feel or do anything. We can throw things into the wind, but it's up to each person to decide how they want to react, where they want to stand when things fall.
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