When invited to run for president in 1868, Civil War general William Tecumseh Sherman replied, “I would rather spend a year in Sing Sing than Washington DC, and I’d come out a better man.”
“If you are ready to give up everything else, you have the cool nerves of a gambler, the sixth sense of a clairvoyant, and the courage of a lion, you have a ghost of a chance of making money in the stock market,” said Great Depression era financier, Bernard Baruch.
“The biggest loss I ever suffered was not buying Amazon when I met Jeff Bezos in 1999,” said legendary value investor Ron Baron, when Amazon was trading at $15 a share.
“Stock don’t stop on a dime when they reach the right valuation. I’m afraid this time, they’re going to overshoot,” said Karen Finerman of Metropolitan Capital Advisors.
“Only the mediocre are always at their best,” said the late American comedian Jonathan Winters.
“A 5% improvement in customer retention leads to a 95% improvement in the profitability for most companies,” said SAP CEO Bill McDermott.
“Everything needs more data. The day is not far when you’ll need a gigabyte of flash in a smart phone,” said Sanjay Mehrotra, the CEO of Micron Technology.
“Data mining is risky when only focusing on the past. When a decision is widely believed it becomes widely used. The value of a widely known insight disappears over time. Some decision rules become so popular that it becomes wiser to do the opposite. Computers have no common sense,” said the legendary hedge fund manager Ray Dalio.
“You are the average of the last five people you spend the most time with,” said Peter Diamandis, the founder of the Singularity University.
“When the stock goes up 30% in a month don’t think you’re 30% smarter, because when it falls 30% in a month you’ll look 30% dumber,” said Amazon founder Jeff Bezos, the world’s richest man.
