A Quote by John Maynard Keynes

It is the long term investor who will in practice come in for the most criticism. For it is the essence of his behaviour that he should be eccentric, unconventional and rash in the eyes of the average opinion. If he is successful, that will only confirm the general belief in his rashness; and if in the short run he is unsuccessful, which is very likely, he will not receive much mercy. Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.
It is the long-term investor...who will in practice come in for the most criticism... For it is the essence of his behavior that he should be eccentric, unconventional, and rash in the eyes of average opinion
Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.
My advice to the average investor in 1988 is to be patient and think long-term. It will take 18 months for confidence to get better and, in the meantime, this is absolutely no place for short-term money.
Any man who goes into anything in life and does it better than the average will have a successful life. If he does it worse than the average, his life will not be successful. And no business can exist in which success cannot be won on that basis.
Everyone engaged in research must have had the experience of working with feverish and prolonged intensity to write a paper which no one else will read or to solve a problem which no one else thinks important and which will bring no conceivable reward - which may only confirm a general opinion that the researcher is wasting his time on irrelevancies.
Many people are very intelligent in accomplishing worldly attainments. This intelligence is not wisdom because worldly attainments such as a high position, reputation, wealth and success in business are deceptive. If we die tomorrow they will disappear tomorrow, and nothing will be left for our future. Wisdom, however, will never deceive us.
What am I in the eyes of most people - a nonentity, an eccentric, or an unpleasant person - somebody who has no position in society and will never have; in short, the lowest of the low. All right, then - even if that were absolutely true, then I should one day like to show by my work what such an eccentric, such a nobody, has in his heart.
And we shall most likely be defeated, and you will most likely be victors in the contest, if you learn so to order your lives as not to abuse or waste the reputation of your ancestors, knowing that to a man who has any self-respect, nothing is more dishonourable than to be honoured, not for his own sake, but on account of the reputation of his ancestors.
In the short term, it would make me happy to go play outside. In the long term, it would make me happier to do well at school and become successful. But in the VERY long term, I know which will make better memories.
Every successful painter has worked hard. He cannot rest after having gained a certain degree of facility in drawing, and expect to retain it. He must advance or fall behind. Without practice he will forget; his eye will fail him; and his hand will deny its master.
The good citizen will demand liberty for himself, and as a matter of pride he will see to it that others receive the liberty which he thus claims as his own. Probably the best test of true love of liberty in any country is the way in which minorities are treated in that country. Not only should there be complete liberty in matters of religion and opinion, but complete liberty for each man to lead his life as he desires, provided only that in so doing he does not wrong his neighbor.
Nothing could be more beneficial for even the most zealous searcher for knowledge than his being in fact most learned in that very ignorance which is peculiarly his own; and the better a man will have known his own ignorance, the greater his learning will be.
The two chief things that give a man reputation in counsel, are the opinion of his honesty, and the opinion of his wisdom; the authority of those two will persuade.
The finance world in general is very, very complicated and there are so many different things that need to be evaluated, but I think at the end of the day, the most important thing is how you want to invest your money - if you want to be a short-term, mid-term or long-term investor.
Beloved, pursue Jesus and you will experience wisdom in every area of your life. You cannot try to earn, deserve or study to acquire God’s wisdom. It comes by His unmerited favor. His wisdom will give you good success in your career. It will cause you to succeed as a student, parent or spouse.
First and foremost it is essential to understand the essence, the overall idea of any fashionable variation, and only then include it in one's repertoire. Otherwise the tactical trees will conceal from the player the strategic picture of the wood, in which his orientation will most likely be lost.
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