Friday, June 20, 2008

Quotable Quotes: Ideas



Be it bull or bear market, good investment ideas are rare occurrences. Therefore, a few words on ideas.

“Catastrophes come when some dominant institution, swollen like a soap-bubble and still standing without foundations, suddenly crumbles at the touch of what may seem a word or an idea, but is really some stronger material force.”
George Santayana

“Great ideas often receive violent opposition from mediocre minds.”
Albert Einstein

“A man is not idle because he is absorbed in thought. There is a visible labor and there is an invisible labor.”
Victor Hugo

“It is not once nor twice but times without number that the same ideas make their appearance in the world.” 

Aristotle

“I can't understand why people are frightened of new ideas. I'm frightened of the old ones.”
John Cage

“Man's mind, once stretched by a new idea, never regains its original dimensions.”
Oliver Wendell Holmes

“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.”
Warren Buffett

Have a good weekend.

1 comment:

Edith Orenstein said...

Vinny,

Here's one:

"Do not follow where the path may lead. Go, instead where there is no path and leave a trail."
Ralph Waldo Emerson

Here's another one:

“Recent research in the field of Behavioral Finance has shown what common sense has known all along - investors are not rational at all times and, therefore, are just as easily motivated by non-theoretical factors that are more self interested such as loss aversion and regret… the fundamental principle underlying price as 'fair value' for long duration assets, particularly in a time of deleveraging and capital base impairment (which begets further price pressure on the current price of an asset), is both out of date and at odds with reality (how the markets really work), common sense, and current theory.”
Vinny Catalano