A Quote by Mark Pincus
The first rule (of investing) for me is don't have rules. You find one amazing investment and that's all that matters. If you pick the right body of water, you might not need a boat.
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Right at the core, the mainstream has it backwards. Warren Buffett often quips that the first rule of investing is to not lose money, and the second rule is to not forget the first rule. Yet few investors approach the world with such a strict standard of risk avoidance.
Rules matter, and to be rules they need to be universal in form: always do this, never do that. But it is foolish to rule out in advance the possibility that an occasion might arise when normal rules just don't apply. Rules are not there to be broken, but sometimes break them we must.
In bad or corrupted natures the body will often appear to rule over the soul, because they are in an evil and unnatural condition. At all events we may firstly observe in living creatures both a despotical and a constitutional rule; for the soul rules the body with a despotical rule, whereas the intellect rules the appetites with a constitutional and royal rule. And it is clear that the rule of the soul over the body, and of the mind and the rational element over the passionate, is natural and expedient; whereas the equality of the two or the rule of the inferior is always hurtful.
You must take care of the body. Body is like a boat. Life is like a river. On this side is the world; on the other side is God. And so, to reach the other side, that is to reach God, you must maintain this boat carefully. You can keep the boat for any length of time in the water; there is no danger. But if the water comes into the boat, then there is danger.
While some might mistakenly consider value investing a mechanical tool for identifying bargains, it is actually a comprehensive investment philosophy that emphasizes the need to perform in-depth fundamental analysis, pursue long-term investment results, limit risk, and resist crowd psychology.
Warren Buffett likes to say that the first rule of investing is "Don't lose money," and the second rule is, "Never forget the first rule." I too believe that avoiding loss should be the primary goal of every investor. This does not mean that investors should never incur the risk of any loss at all. Rather "don't lose money" means that over several years an investment portfolio should not be exposed to appreciable loss of principal.
I've always wanted to find the rules that govern everything. It's amazing that such rules exist. It's even more amazing that we can find them.
10 Rules for Being Human: Rule #1 - You will receive a body. Rule #2 - You will be presented with lessons. Rule #3 - There are no mistakes, only lessons. Rule #4 - The lesson is repeated until learned. Rule #5 - Learning does not end. Rule #6 - "There" is no better than "here". Rule #7 - Others are only mirrors of you. Rule #8 - What you make of your life is up to you. Rule #9 - Your answers lie inside of you. Rule #10 - You will forget all this at birth.
When you ride in a boat and watch the shore, you might assume that the shore is moving. But when you keep your eyes closely on the boat, you can see that the boat moves. Similarly, if you examine myriad things with a confused body and mind you might suppose that your mind and nature are permanent. But when you practice intimately and return to where you are, it will be clear that there is nothing that has unchanging self.
You can't control the weather, but there are definitely things you can do to protect yourself and the investment you've made in your boat. The key is to get started early so you have the supplies you need and you have a plan for what you're going to do with your boat.
I like rules. I like definitions, categories, and writing advice of all sorts. When I'm writing fiction, there are often a lot of things for me to try to get right at once, and rules help me to stay organized. But my favorite rule of all is that, ultimately, there are no rules.
We support an open Internet and having rules - the right kind of rules that are legally enforceable and allow for investment and innovation.
I live on a boat, which is in the midst of renovation. I figure the good Lord will put me in the right place and hopefully I'll have the right clothes on. I think what we're going to do is bring the boat through the Panama Canal. My husband has always wanted to do that. So I think we'll do that and have the boat in Florida for the winter.
In a river mist, if another boat knocks against yours, you might yell at the other fellow to stay clear. But if you notice then, that it's an empty boat, adrift with nobody aboard, you stop yelling. When you discover that all the others are drifting boats, there's no one to yell at. And when you find out you are an empty boat, there's no one to yell.
Water in the boat is the ruin of the boat, but water under the boat is its support.
The body is a boat that carries the soul in the ocean of the world. If it is not strong, or it has a hole, then it cannot cross the ocean, so the first duty is to fix the boat.
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