Investing and Power
The intelligent investor is a realist who sells to optimists and buys from pessimists. (Benjamin Graham)
The mass of men lead lives of quiet desperation. (Henry David Thoreau)
- No pauper is friend to the rich, no fool to the wise, no coward to the brave.
- the intelligent investor must never forecast the future exclusively by extrapolating the past.
Never associate with those who share your defects—they will reinforce everything that holds you back. Only create associations with positive affinities. Make this a rule of life and you will benefit more than from all the therapy in the world.
Power
humans are social creatures by nature, power depends on social interaction and circulation. To make yourself powerful you must place yourself at the center of things,
As in warfare and most games of strategy, isolation often precedes defeat and death.
- How often we put ourselves down by asking for too little.
- There’s no great fun, satisfaction or joy derived from doing something that’s easy.
Hesitation puts obstacles in your path, boldness eliminates them. Once you understand this, you will find it essential to overcome your natural timidity and practice the art of audacity.