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Saturday, July 31, 2010 |
Weekend Quote from a Book - The Trend of Future Earnings |
In recent years increasing importance has been laid upon the trend of earnings. Needless to say, a record of increasing profits is a favorable sign. Financial theory has gone further, however, and has sought to estimate future earnings by projecting the past trend into the future and then used this projection as a basis for valuing the business. Because figures are used in this process, people mistakenly believe that it is "mathematically sound." But while a trend shown in the past is a fact, a "future trend" is only an assumption. The factors that we mentioned previously as militating against the maintenance of abnormal prosperity or depression are equally opposed to the indefinite continuance of an upward or downward trend. By the time the trend has become clearly noticeable, conditions may well be ripe for a change.
- Source: Security Analysis: Sixth Edition, Foreword by Warren Buffett (Limited Leatherbound Edition) (Security Analysis Prior Editions)
by Benjamin Grahim and David Dodd
Please also see Disclosures and DisclaimerLabels: book, book quote, books, quotes, WQ |
posted by Little Rishi @ Saturday, July 31, 2010
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Saturday, July 24, 2010 |
Weekend Quote from a Book - Three Ways to Use Your Present Moments |
Be in the Present
When you want to be happy and successful. Focus on what is right now. Use your purpose to respond to what is important now.
Learn from the Past
When you want to make the Present better than the Past. Look at what happened in the Past. Learn something valuable from it. Do Things Differently in the Present.
Plan for the Future
When you want to make the Future better than the Present. See what a wonderful future would you like. Make plans to help it happen. Put your plan into your action in the Present.
- Source: The Present: The Gift That Makes You Happy And Successful At Work And In Life
by Spencer Johnson
Please also see Disclosures and DisclaimerLabels: book, book quote, books, quotes, WQ |
posted by Little Rishi @ Saturday, July 24, 2010
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Saturday, July 17, 2010 |
Weekend Quote from a Book - Trading on news |
Why is it that you can’t hear some favorable piece of news on the radio or TV or read it on the Internet and use that information to make a favorable trade? Because an army of profit-seeking, full-time professionals will have likely already pounced on the news to drive the stock price up before you have a chance to act. That’s why the most important pieces of news (such as takeover offers) are announced when the market is closed. By the time trading opens the next day, prices already reflect the offer.
- Source: The Elements of Investing
by Burton G. Malkiel & Charles D. Ellis
Please also see Disclosures and DisclaimerLabels: book, book quote, books, quotes, WQ |
posted by Little Rishi @ Saturday, July 17, 2010
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Sunday, July 11, 2010 |
Weekend Quote - Difference |
There is little difference in people, but that little difference makes a big difference. The little difference is attitude. The big difference is whether it is positive or negative.
- W. Clement Stone
Please also see Disclosures and DisclaimerLabels: quote, quotes |
posted by Little Rishi @ Sunday, July 11, 2010
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Saturday, July 10, 2010 |
Weekend Quote from a Book - Job Security |
I want to hammer home a point here: the nature of large, global corporate organizations in today’s tumultuous markets is such that they can and should change frequently to stay alive. Strategies will change. Business plans will change. Organization structure will change. Your position is not secure, no matter how well you do your job.
- Source: Escape from Cubicle Nation: From Corporate Prisoner to Thriving Entrepreneur
by Pamela Slim
Please also see Disclosures and DisclaimerLabels: book, book quote, books, quotes, WQ |
posted by Little Rishi @ Saturday, July 10, 2010
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Sunday, July 4, 2010 |
Weekend Quote - Hard Work |
Hard work spotlights the character of people: some turn up their sleeves, some turn up their noses, and some don't turn up at all.
- Sam Ewing
Please also see Disclosures and DisclaimerLabels: quote, quotes |
posted by Little Rishi @ Sunday, July 04, 2010
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Saturday, July 3, 2010 |
Weekend Quote from a Book - Repaying Debts |
Dabasir borrowed from his friends and could not repay them. Things went from bad to worse. His wife returned to her father and he left Babylon. He fell in with robbers and were taken to Damascus and sold as slaves. Dabasir was purchased for two silver pieces by a Syrian desert chief and became a camel tender for his daughter who is intrigued with Dabasir’s background.
“If a man has within him the soul of a free man, will he not become respected and honored in his own city in spite of his misfortune?” “Have you a desire to repay the just debts you owe in Babylon? She parried.
“Yes I have the desire, but see no way.” Said Dabasir.
“…thou hast but the contemptible soul of a slave. No man is otherwise who cannot respect himself and no man can respect himself who does not repay honest debts.”
Dabasir’s debts were his enemy and he had been run out of town. If he had stood up and fought like a man, he would have found respect.
“If I had the soul of a free man, I would force my way back into Babylon, repay the people who had trusted me, bring happiness to my wife who truly loved me and bring peace and contentment to me parents.”
Source: The Richest Man in Babylon
by George S. Clason
Please see Disclosures and DisclaimerLabels: book, book quote, books, quotes, WQ |
posted by Little Rishi @ Saturday, July 03, 2010
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Favorite Quote |
"Work is worship".
                - Author Unknown
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