I was reading Psalms 62 this morning. Psalms 62:1 states, "My soul finds rest in God alone." That got me thinking that this verse probably inspired Saint Augustine's famous words in Confessions, "My heart was restless until it came to rest in Thee, O Lord." I put together a list of quotes that I have found helpful in advising people on money issues- specifically investing. A well-timed quote can say a lot without having to rely on excessive words.
So here are some of my favorites. Some of these I have heard attributed to Warren Buffet. Some to John Templeton. But they probably borrowed many of them from their mentors. They are helpful reminders after the continued rash of bad economic news.
- Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.
- There is no cure for high prices like high prices.
- You make your money in bear markets, you just don’t know it at the time.
- There are old pilots and bold pilots. But there are no old, bold pilots.
- Your money is like a bar of soap. The more you play with it, the smaller it gets.
- Gambling is investing for people who are extremely bad at math.
- You don’t know who is swimming naked until the tide rolls out.
- Economists have successfully predicted 14 of the last 3 recessions.
- The four most dangerous words in the English language: ‘this time is different’.
- Be fearful when others are greedy and greedy when others are fearful.
- Successful investing is anticipating the anticipation of others.
Perhaps the most important thing one needs to remember as it pertains to investing or anything in life- God is in control of all things in this world. Psalms 84:12, "O Lord Almighty, blessed is the man (or woman) who trusts in You."
For His Glory,
Ashley Hodge
No comments:
Post a Comment