humour on relationship of inflation and democracy

“Inflation is bringing us true democracy. For the first time in history, luxuries and necessities are selling at the same price” - Robert Orben  (US magician and comedy writer, b. 1927)

inflation

“Some idea of inflation comes from seeing a youngster get his first job at a salary you dreamed of as the culmination of your career”
- Bill Vaughn (American industry author, mentor and subject-matter expert)

Law Of Inflation

“Law of inflation: whatever goes up will go up some more”

When you combine ignorance and leverage, you get some pretty interesting results. Warren Buffett

When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact. Warren Buffett

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. Warren Buffett

Time is the friend of the wonderful company, the enemy of the mediocre. Warren Buffett

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. Warren Buffett

The only time to buy these is on a day with no "y" in it. Warren Buffett

The investor of today does not profit from yesterday's growth. Warren Buffett

The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective. Warren Buffett

Someone's sitting in the shade today because someone planted a tree a long time ago. Warren Buffett

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks. Warren Buffett

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1. Warren Buffett

Risk is a part of God's game, alike for men and nations. Warren Buffett

Risk comes from not knowing what you're doing. Warren Buffett

Price is what you pay. Value is what you get. -Ben Graham

Only when the tide goes out do you discover who's been swimming naked. Warren Buffett

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

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it. Warren Buffett

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price. Warren Buffett

It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction. Warren Buffett

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

In the business world, the rearview mirror is always clearer than the windshield. Warren Buffett

If past history was all there was to the game, the richest people would be librarians. Warren Buffett

I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over. Warren Buffett

I always knew I was going to be rich. I don't think I ever doubted it for a minute. Warren Buffett

Derivatives are financial weapons of mass destruction. Warren Buffett

Chains of habit are too light to be felt until they are too heavy to be broken. Warren Buffett

Beware of geeks bearing formulas. Warren Buffett

A public-opinion poll is no substitute for thought. - Warren Buffett

Enthusiasm Never worry about numbers. Help one person at a time,and always start with the person nearest you." - Mother Teresa

I find that the harder I work, the more luck I seem to have."- Thomas Jefferson

focus on strength

"Do not let what you cannot do interfere with what you can do." - John Wooden

daring

"All life is a chance. So take it! The person who goes furthest is the one who is willing to do and dare." - Dale Carnegie

understanding life using lock analogy

"Life is like a combination lock; your job is to find the right numbers, in the right order so you can have anything you want."

"The secret of getting started is breaking your complex, overwhelming tasks into small manageable tasks, and then starting on the first one."- Mark Twain

"Only those who dare to fail greatly can ever achieve greatly." - Robert F. Kennedy

"If you want to be happy, set a goal that commands your thoughts, liberates your energy, and inspires our hopes." - Andrew Carnegie

"The greatest mistake you can make in life is to continually fear you will make one." - Elbert Hubbard

"Do what you can, with what you have, where you are." - Theodore Roosevelt

"The first requisite of success is the ability to apply your physical and mental energies to one problem without growing weary." - Thomas Edison

A perfection of means, and confusion of aims, seems to be our main problem. -AE

"It has been my philosophy of life that difficulties vanish when faced boldly." - Isaac Asimov

“Knowing others is intelligence; knowing yourself is true wisdom. Mastering others is strength; mastering yourself is true power. If you realize that you have enough, you are truly rich.” - Tao Te Ching

“Wisdom is not a product of schooling but of the lifelong attempt to acquire it” - Albert Eienstein

“Never mistake knowledge for wisdom. One helps you make a living; the other helps you make a life.” - Sandra Carey

“God, grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference.” - Reinhold Niebuhr (American theologian, 1892-1971)

“The next best thing to being wise oneself is to live in a circle of those who are” - C.S. Lewis (British Scholar and Novelist. 1898-1963)

“When it is obvious that the goals cannot be reached, don't adjust the goals, adjust the action steps.” - Confucius (China's most famous teacher, philosopher, and political theorist, 551-479 BC)

“Do not brood over your past mistakes and failures as this will only fill your mind with grief, regret and depression. Do not repeat them in the future.” - Swami Sivananda quotes (Indian Yoga master, Physician, Monk and Founder of The Divine Life Society, 1887-1963)

A wise man makes his own decisions, an ignorant man follows public opinion” - Chinese Proverbs

Wisdom, compassion, and courage are the three universally recognized moral qualities of men. - Confucius

"Where ever you are, be there totally." - Eckhart Tolle

That man is richest whose pleasures are the cheapest. - Henry David Thoreau

quote on patience

The real secret of patience is to find something to do in the meantime.

quote from John Maxwell

Reflective thinking turns experience into insight. - John Maxwell

quote on Change

Change brings freshness.

dogma of old ideas

“The difficulty lies not so much in developing new ideas as in escaping from the old ones.” - John Maynard Keynes

quote from Cicero

No one can give you better advice than yourself. - Cicero

quote from Jack Balousek

Learn, earn, return - these are the 3 phases of life. - Jack Balousek

quotes from Arnold Palmer

"Always make a total effort, even when the odds are against you."- Arnold Palmer