Saturday, January 19, 2013

On Saving and Investing - BPI Trade is Good to Go!

I have here some good notes on inspiring us to become wiser in handling our funds and choosing to save for the future. Happy reading!

"If your pattern is to spend everything you get, most likely an increase in cash will just result in an increase in spending." - Robert Kiyosaki

Famous Quotes by Warren Buffett on Investing

‘Never invest in a business you cannot understand.’
‘Always invest for the long term.’
‘Buy a business, don’t rent stocks.’


‘Someone’s sitting in the shade today because someone planted a tree a long time ago.’
‘I really like my life. I’ve arranged my life so that I can do what I want.’
‘We will only do with your money what we would do with our own.’
‘If you don’t feel comfortable owning something for 10 years, then don’t own it for 10 minutes.’


‘I am a better investor because I am a businessman and a better businessman because I am an investor.’


‘Price is what you pay. Value is what you get.’
‘The Stock Market is designed to transfer money from the Active to the Patient.’
‘Stop trying to predict the direction of the stock market, the economy, interest rates, or elections.’


‘I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for ten years.’
‘We don’t get paid for activity, just for being right. As to how long we will wait, we’ll wait indefinitely.’


‘Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.’
‘It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.’


‘The first rule is not to lose. The second rule is not to forget the first rule.’
‘Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.’


‘I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.’
‘Why not invest your assets in the companies you really like? As Mae West said, ‘Too much of a good thing can be wonderful.’
‘Our favorite holding period is forever.’


‘Risk comes from not knowing what you’re doing.’

‘Time is the friend of the wonderful company, the enemy of the mediocre.’
‘Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.’
‘The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.’


‘Risk can be greatly reduced by concentrating on only a few holdings.’
‘It is not necessary to do extraordinary things to get extraordinary results.’
‘If a business does well, the stock eventually follows.’
‘Cash never makes us happy, but it’s better to have the money burning a hole in Berkshire’s pocket than resting comfortably in someone else’s.’
‘A public-opinion poll is no substitute for thought.’
‘The investor of today does not profit from yesterday’s growth.’
‘You only have to do a very few things right in your life so long as you don’t do too many things wrong.’


‘It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.’


‘You ought to be able to explain why you’re taking the job you’re taking, why you’re making the investment you’re making, or whatever it may be. And if it can’t stand applying pencil to paper, you’d better think it through some more. And if you can’t write an intelligent answer to those questions, don’t do it.’


‘An investor needs to do very few things right as long as he or she avoids big mistakes.’
‘Time is the friend of the wonderful company, the enemy of the mediocre.’
‘I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.’


‘We will reject interesting opportunities rather than over-leverage our balance sheet.’
‘I always knew I was going to be rich. I don’t think I ever doubted it for a minute.’
‘If at first you do succeed, quit trying on investing.’
‘I don’t measure my life by the money I’ve made. Other people might, but certainly don’t.’
‘Anything can happen in stock markets and you ought to conduct your affairs so that if the most extraordinary events happen, that you’re still around to play the next day.’
‘A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.’


‘You do not adequately protect yourself by being half awake when other are sleeping.’
‘We like to buy businesses, but we don’t like to sell them.’
‘Money to some extent sometimes let you be in more interesting environments. But it can’t change how many people love you or how healthy you are.’
‘Enjoy your work and work for whom you admire.’


‘With enough insider information and a million dollars, you can go broke in a year.’
‘In a commodity business, it’s very hard to be smarter than your dumbest competitor.’
‘A hyperactive stock market is the pickpocket of enterprise.’


‘Valuing a business is part art and part science.’
‘Chains of habits are too light to be felt until they are too heavy to be broken.’


On Earning: “Never depend on single income. Make investment to create a second source.”

On Spending: “If you buy things you do not need, soon you will have to sell things you need.”

On Saving: “Do not save what is left after spending, but spend what is left after saving.”

On Risk: “Never test the depth of river with both the feet.”

On Investment: “Do not put all your eggs in one basket.”

On Expectation: “Honesty is very expensive gift. Do not expect it from cheap people.”

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