A Quote by John Templeton
It is only by understanding the emotion of others that an investor has a chance to produce superior results.
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You do not fail in life, you only produce results, and you have the right to learn and grow from any results that you produce.
Truth in my love for the subject will produce superior results.
Law Number XXIX: Executives who do not produce successful results hold on to their jobs only about five years. Those who produce effective results hang on about half a decade.
Long ago, I realized that success leaves clues, and that people who produce outstanding results do specific things to create those results. I believed that if I precisely duplicated the actions of others, I could reproduce the same quality of results that they had.
Only in the exceptional case, where the integrity and competence of the advisers have been thoroughly demonstrated, should the investor act upon the advice of others without understanding and approving the decision made.
To enjoy a reasonable chance for continued better than average results, the investor must follow policies which are (1) inherently sound and promising, and (2) not popular on Wall Street.
He who calls in the aid of an equal understanding doubles his own; and he who profits by a superior understanding raises his powers to a level with the height of the superior standing he unites with.
The Obama administration's agenda of maximizing dependency involves political favoritism cloaked in the raiment of "economic planning" and "social justice" that somehow produce results superior to what markets produce when freedom allows merit to manifest itself, and incompetence to fail. The administration's central activity - the political allocation of wealth and opportunity - is not merely susceptible to corruption, it is corruption.
Pride is a mental factor causing us to feel higher or superior to others. Even our study of dharma can be the occasion for the delusion of pride to arise if we think our understanding is superior to that of everyone else. Pride is harmful because it prevents us from accepting fresh knowledge from a qualified teacher. Just as a pool of water cannot collect on the tip of a mountain, so too a reservoir of understanding cannot be established in a mind falsely elevated by pride.
A decade ago, I really did believe that the average investor could do it himself. I was wrong. I've come to the sad conclusion that only a tiny minority, at most one percent, are capable of pulling it off. Heck, if Helen Young Hayes, Robert Sanborn, Julian Robertson, and the nation's largest pension funds can't get it right, what chance does John Q. Investor have?
This field is not necessarily glamorous, nor does it often produce immediate results, but it seeks to increase our basic understanding of living processes.
Going forward, we are mindful of the challenges we face in the competitive retail landscape, but we have demonstrated that our concept of building compelling brands that focus on the customers' lifestyles can produce superior results. We will not waver from that concept.
Vampire have their own understanding what freedom is because they just live much longer and they feel they are a superior race and they have their own understanding and their understanding represents the understanding of some people, that - who has the power of course has to rule the world.
I've seen so many lives turn around from the impossible. I have come to embrace the idea that even the simplest act of understanding, love and attention can produce the biggest results.
We are glorious accidents of an unpredictable process with no drive to complexity, not the expected results of evolutionary principles that yearn to produce a creature capable of understanding the mode of its own necessary construction.
We are convinced that the intelligent investor can derive satisfactory results from pricing of either type (market timing or fundamental analysis via price). We are equally sure that if he places his emphasis on timing, in the sense of forecasting, he will end up as a speculator and with a speculator's financial results." And "The speculator's primary interest lies in anticipating and profiting from market fluctuations. The investor's primary interest lies in acquiring and holding suitable securities at suitable prices.
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