azharcs

 * I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

 * In the business world, the rear view mirror is always clearer than the windshield.

 * It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.

 * Let blockheads read what blockheads wrote.

 * 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.

 * Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.

 * Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.

 * Only when the tide goes out do you discover who’s been swimming naked.

 * Price is what you pay. Value is what you get.

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

 * The investor of today does not profit from yesterday’s growth.

 * The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities — that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.

 * The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves-and the better the teacher, the better the student body.

 * There are all kinds of businesses that Charlie and I don’t understand, but that doesn’t cause us to stay up at night. It just means we go on to the next one, and that’s what the individual investor should do.

 * There seems to be some perverse human characteristic that likes to make easy things difficult.

 * Wide diversification is only required when investors do not understand what they are doing.

 * You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing.

 * Your premium brand had better be delivering something special, or it’s not going to get the business

  
-- Azharuddin. A
Blog: http://geeyk.com