Excellent Quotes by Warren Buffet

By: Pennyson

Warren Buffet consistently ranked among the world’s wealthiest people. I hope I can inspire you with his quotations: 

1. On Earning: “Never depend on single income. Make investment to create a second source”.

That is what my grandmother always telling me because having only single income is not only dangerous but also a slow way of accumulating wealth. As one of thedefinition on risk – “Risk is having only single income”. For we do not know what the future holds, if it happens that our source of income is in danger or lost, it would be very hard to recover financially.

2. On Spending: “If you buy things you do not need, soon you will have to sell things you need”.

Discipline is always the key. Do not buy things you do not need. In riding a plane, what is the difference between the business class and economy class? Do you really have to spend so much for that difference? Do you really have to buy branded clothes just to look good? Are the things you are planning to buy necessary? Again, live simple. It is not bad to buy expensive things as long as it has its use.

3. On Savings: “Do not save what is left after spending, but spend what is left after saving”.

This concerns about how you budget your money. Put your savings first before any expenses.

The bad formula: income – expenses = savings

The good formula: income – savings = expenses

4. On Taking Risk: “Never test the depth of the river with both the feet”.

Do not use all of your resources in gambling on a certain investment or else you’ll lose everything. Only a considerable portion of your resources should be put on a gamble

5. On Investment: “Do not put all eggs in one basket”.

Have your portfolio diversified. Putting it in one type of investment is risky.

6. On Expectations: “Honesty is a very expensive gift. Do not expect it from cheap people.

Do not expect too much from a simple thing. Make reasonable expectation because sometimes it may frustrate you if the returns are too much low from what you have expected.

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Quotes are nuggets of wisdom from people who made it through their lives. All of it, we should apply in our lives too and share to others.

Source: http://ringgoldatienza.com/blog/excellent-quotes-by-warren-buffet/

Quotes about Risk and Taking Chance

I am always doing that which I cannot do, in order that I may learn how to do it.  ~Pablo Picasso

Progress always involves risks.  You can't steal second base and keep your foot on first.  ~Frederick B. Wilcox


Yes, risk taking is inherently failure-prone.  Otherwise, it would be called sure-thing-taking.  ~Tim McMahon


Many great ideas have been lost because the people who had them could not stand being laughed at.  ~Author Unknown


You'll always miss 100% of the shots you don't take.  ~Wayne Gretzky


What is more mortifying than to feel you've missed the Plum for want of courage to shake the Tree?  ~Logan Pearsall Smith


If you're never scared or embarrassed or hurt, it means you never take any chances.  ~Julia Sorel (Rosalyn Drexler), See How She Runs, 1978


Take risks:  if you win, you will be happy; if you lose, you will be wise.  ~Author Unknown


This nation was built by men who took risks - pioneers who were not afraid of the wilderness, business men who were not afraid of failure, scientists who were not afraid of the truth, thinkers who were not afraid of progress, dreamers who were not afraid of action.  ~Brooks Atkinson


Of all the people I have ever known, those who have pursued their dreams and failed have lived a much more fulfilling life than those who have put their dreams on a shelf for fear of failure.  ~Author Unknown


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


One cannot refuse to eat just because there is a chance of being choked.  ~Chinese Proverb


Do not be too timid and squeamish about your actions.  All life is an experiment.  The more experiments you make the better.  What if they are a little course, and you may get your coat soiled or torn?  What if you do fail, and get fairly rolled in the dirt once or twice.  Up again, you shall never be so afraid of a tumble.  ~Ralph Waldo Emerson

“It's not because things are difficult that we dare not venture. It's because we dare not venture that they are difficult.”

Seneca quotes (Roman philosopher, mid-1st century AD)

Be Yourself Quotes

To be nobody but yourself in a world which is doing its best, night and day, to make you everybody else means to fight the hardest battle which any human being can fight; and never stop fighting.  ~e.e. cummings, 1955 He who trims himself to suit everyone will soon whittle himself away.  ~Raymond Hull God has given you one face, and you make yourself another.  ~William Shakespeare All my life I had been looking for something, and everywhere I turned someone tried to tell me what it was.  I accepted their answers too, though they were often in contradiction and even self-contradictory.  I was naïve.  I was looking for myself and asking everyone except myself questions which I, and only I, could answer.  It took me a long time and much painful boomeranging of my expectations to achieve a realization everyone else appears to have been born with:  that I am nobody but myself.  ~Ralph Ellison, "Battle Royal" The life of every man is a diary in which he means to write one story, and writes another.  ~James Matthew Barrie Most people are other people.  Their thoughts are someone else's opinions, their lives a mimicry, their passions a quotation.  ~Oscar Wilde, De Profundis, 1905 Always be a first-rate version of yourself, instead of a second-rate version of somebody else.  ~Judy Garland We are so accustomed to disguise ourselves to others that in the end we become disguised to ourselves.  ~François Duc de La Rochefoucauld If you cannot be a poet, be the poem.  ~David Carradine A man who is "of sound mind" is one who keeps the inner madman under lock and key.  ~Paul Valéry, Mauvaises pensées et autres, 1942 I am told to just be myself, but as much as I have practiced the impression, I am still no good at it.  ~Robert Brault, www.robertbrault.com The great majority of us are required to live a life of constant duplicity.  Your health is bound to be affected if, day after day, you say the opposite of what you feel, if you grovel before what you dislike, and rejoice at what brings you nothing but misfortune.  ~Boris Pasternak It takes courage to grow up and become who you really are.  ~e.e. cummings Almost every man wastes part of his life in attempts to display qualities which he does not possess, and to gain applause which he cannot keep.  ~Samuel Johnson, The Rambler, 1750 Hateful to me as the gates of Hades is that man who hides one thing in his heart and speaks another.  ~Homer How many cares one loses when one decides not to be something but to be someone.  ~Gabrielle "Coco" Chanel "Be yourself" is about the worst advice you can give some people.  ~Tom Masson I think of life itself now as a wonderful play that I've written for myself, and so my purpose is to have the utmost fun playing my part.  ~Shirley MacLaine Never be bullied into silence.  Never allow yourself to be made a victim.  Accept no one's definition of your life; define yourself.  ~Harvey Fierstein Learn to... be what you are, and learn to resign with a good grace all that you are not.  ~Henri Frederic Amiel I am much better employed from every point of view, when I live solely for my own satisfaction, than when I begin to worry about the world.  The world frightens me, and a frightened man is no good for anything.  ~George Gissing No man can climb out beyond the limitations of his own character.  ~John Morley There is just one life for each of us:  our own.  ~Euripides Never apologize for showing feeling.  When you do so, you apologize for the truth.  ~Benjamin Disraeli If God had wanted me otherwise, He would have created me otherwise.  ~Johann von Goethe Wherever you go, go with all your heart.  ~Confucius Let the world know you as you are, not as you think you should be, because sooner or later, if you are posing, you will forget the pose, and then where are you?  ~Fanny Brice Every time you don't follow your inner guidance, you feel a loss of energy, loss of power, a sense of spiritual deadness.  ~Shakti Gawain At bottom every man knows well enough that he is a unique being, only once on this earth; and by no extraordinary chance will such a marvelously picturesque piece of diversity in unity as he is, ever be put together a second time.  ~Friedrich Nietzsche The most exhausting thing in life is being insincere.  ~Anne Morrow Lindbergh Ride the energy of your own unique spirit.  Gabrielle Roth Your time is limited, so don't waste it living someone else's life.  ~Steve Jobs Originality is... a by-product of sincerity.  ~Marianne Moore The strongest force in the universe is a human being living consistently with his identity.  ~Tony Robbins Almost all absurdity of conduct arises from the imitation of those whom we cannot resemble.  ~Samuel Johnson If you are ashamed to stand by your colors, you had better seek another flag.  ~Author Unknown To be natural is such a very difficult pose to keep up.  ~Oscar Wilde All the knowledge I possess everyone else can acquire, but my heart is all my own.  ~Johann von Goethe, The Sorrows of Young Werther, 1774 When one is pretending the entire body revolts.  ~Anaïs Nin It is not only possible to be the person you pretend to be, but there is less effort involved.  ~Robert Brault, www.robertbrault.com We are betrayed by what is false within.  ~George Meredith No man for any considerable period can wear one face to himself and another to the multitude, without finally getting bewildered as to which may be the true.  ~Nathaniel Hawthorne, The Scarlet Letter Man is least himself when he talks in his own person.  Give him a mask, and he will tell you the truth.  ~Oscar Wilde Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind.  ~Dr. Seuss My mom always said I liked to stir the pot with a glittering spoon.  ~Kris Carr No creature is fully itself till it is, like the dandelion, opened in the bloom of pure relationship to the sun, the entire living cosmos.  ~D.H. Lawrence Men weary as much of not doing the things they want to do as of doing the things they do not want to do.  ~Eric Hoffer It is the chiefest point of happiness that a man is willing to be what he is.  ~Desiderius Erasmus Like the sky opens after a rainy day we must open to ourselves.... Learn to love yourself for who you are and open so the world can see you shine.  ~James Poland All the mistakes I make arise from forsaking my own station and trying to see the object from another person's point of view.  ~Ralph Waldo Emerson Be what you are.  This is the first step toward becoming better than you are.  ~Julius Charles Hare We all wear masks, and the time comes when we cannot remove them without removing some of our own skin.  ~André Berthiaume, Contretemps An unfulfilled vocation drains the color from a man's entire existence.  ~Honoré de Balzac, "Scnes de la vie Parisienne," La Maison Nucingen, 1838 The most important kind of freedom is to be what you really are.  ~Jim Morrison Be open.  And then the truth follows. ~Gangaji What I am is good enough if I would only be it openly.  ~Carl Rogers He who travels in search of something which he has not got, travels away from himself and grows old even in youth among old things.  ~Ralph Waldo Emerson, "Self-Reliance" There lurks, perhaps, in every human heart a desire of distinction, which inclines every man first to hope, and then to believe, that Nature has given him something peculiar to himself.  ~Samuel Johnson You must have control of the authorship of your own destiny.  The pen that writes your life story must be held in your own hand.  ~Irene C. Kassorla Is life not a hundred times too short for us to stifle ourselves.  ~Friedrich Nietzsche You were born an original.  Don't die a copy.  ~John Mason It is better to be hated for what you are than to be loved for something you are not.  ~Andre Gide There is in a man an upwelling spring of life, energy, love, whatever you like to call it.  If a course is not cut for it, it turns the ground round it into a swamp.  ~Mark Rutherford (William Hale White), More Pages from a Journal, 1910 Once conform, once do what others do because they do it, and a kind of lethargy steals over all the finer senses of the soul.  ~Michel Eyquem de Montaigne Most of our faults are more pardonable than the means we use to conceal them.  ~François, Duc de La Rochefoucauld, Maxims, 1665 Man would be "otherwise."  That's the essence of the specifically human.  ~Antonio Machado Individualism is rather like innocence:  There must be something unconscious about it.  ~Louis Kronenberger, Company Manners, 1954 Why try to be someone you're not?  Life is hard enough without adding impersonation to the skills required.  ~Robert Brault, www.robertbrault.com We are what we pretend to be, so we must be careful about what we pretend to be.  ~Kurt Vonnegut One's real life is often the life that one does not lead.  ~Oscar Wilde, L'Envoi to Rose-leaf and Apple-leaf, 1882 The white light streams down to be broken up by those human prisms into all the colors of the rainbow.  Take your own color in the pattern and be just that.  ~Charles R. Brown Rabbi Zusya said that on the Day of Judgment, God would ask him, not why he had not been Moses, but why he had not been Zusya.  ~Walter Kaufmann  Source: http://www.quotegarden.com/be-self.html

Will WM 28 generate more than 1 million buys?

Last year Wrestle Mania (WM 27) was a major success for the WWE, one thing Vince McMahon could boast about his company. Wrestle Mania is known as the Show of Shows, the grandest stage of them all. Wrestle Mania to the WWE is what the Superbowl is to NFL. Some pay-per-view of the WWE can disappoint, but one thing we are certain is that Wrestle Mania will always deliver. With 1,120,000 buys, WM 27 is the 2^nd most purchased WWE PPV events second only to 2007 WrestleMania 23 which grosses 1,250,000 buys. Personally, the phenomenal number of the number of buy can be explained by 3 important reasons. Firstly, the Rock hosted WM 26. It was the appearance of the Rock for the first time in over 7 years. His appearance must have drawn in a large number of old audience and some mainstream viewers (who may not be wrestling fans) who want to see Dwayne The Rock Johnson in a WWE event. Secondly, credit was given to Snooki who wrestled in a mixed tag team match. Thirdly, the involvement of Stone Cold Steve Austin and other WWE superstars must be a factor for sure. WrestleMania 28 is just around the corner and the match cards is shaping to be the best and most epic WrestleMania of all time with the main event of The Rock vs John Cena; CM Punk vs Chris Jericho for the WWE Championship, Daniel Bryan vs Sheamus for the World Heavyweight Championship; and if you think of WrestleMania, one man will definitely comes to your mind – The Undertaker and he will wrestle Triple H in the most brutal match in the WWE: HELL IN CELL. WM 28 looks like it will be a phenomenal PPV. However, having said that, I still feel doubt that whether WM 28 will surpass 1 million buy, let alone the most purchased WWE PPV. Two reasons are behind my doubt.

The first reason is that the Rock appears to be not the same rating drawer like he was last year. Last year WM 27 people were excited to see their Attitude Era hero came back for the first time in 7 years. People were hyped to see what the Rock would do. However, the Rock does not seem to be the same larger-than-life man. His return to the ring and team up with John Cena at Survivor Serie 2011 was a disappointment from the business point of view. Survivor Serie drew about 300.000 buys. With the PPV hyped with the Rock first ever in-ring action, the buy rate did not significantly increase. Recent Raw episode featuring the Rock and Cena did not boost the rating dramatically. Last week’s episode only gained 3.2 rating which was a worry for the WWE. The rating should be at 3.9 or slightly over 4. Are people still interested in the Rock coming back or people have lose interest in the product because of the 1 year feud which the heat is over. I am really skeptical about this.

The second reason is the lack of celebrity for WM 28. WWE usually invites celebrity to the Grandest Stage of them all with the likes of Floyd Money Mayweather, Sumo Wrestler Akebono, Donald Trump, Snooki and so on. However, the big name celebrity is yet to be released. We are not certain whether WM 28 will feature some mainstream celebrity.

Love Quote

Alfred Lord Tennyson

'Tis better to have loved and lost than never to have loved at all.

Helen Keller

The best and most beautiful things in this world cannot be seen or even heard, but must be felt with the heart.

Roy Croft

I love you, not only for what you are, but for what I am when I am with you.

 

Sir Winston Churchill

Where does the family start? It starts with a young man falling in love with a girl - no superior alternative has yet been found.

Quote of the Day: Age appears to be best in some things

Age appears to be best in some things. Old wood best to burn. Old books best to read. Old rice best to eat and old friends best to keep.

Gender Socialization

This is the script from my presentation regarding Gender socialization.

After listening to Sieng Hor’s explaination regarding how your occupation and workplace can shape your attitude and behaviour, let’s move on to another interesting yet controversial topic: Socialization into gender. Before I go any deeper, I’d like to pose some key questions regarding this topic. “Are female born to be emotional?” For exp: whenever they watch a sad love story and the main actor or actress die, more often than not they will end up crying.
To clear your doubt, we will elaborate in the following slides.

First of all, let’s define this key term: Gender role. T asks “Can you anything strange about this picture?” The picture is strange because in general people expect boys to play with cars or gun, girls to play with dolls. 

As we have learned earlier from the previous presentation, who we are and how we behave and what we think is a final product of a process called Socialization. At the same time, through socialization we also learn our gender role, in other words what is appropriate and not appropriate for our gender. We are not born to know about our gender role (boy should do this, girl should do that, boy shouldn’t do this, girl shouldn’t do that), it is the society that tells us so.

 Let’s analyze on how family shape who we are. You see, it is very difficult for a child to grow into an adult without facing any gender stereotyping.  At a very young age, we were taught what is masculine (which is a male quality), feminine (female quality). Boys are told they should not cry, weak and afraid of anything, but they should be strong and dominant. On the other hand, girls are told to be gentle.

 Our parents choose the color of our clothes according to our gender, pink or red to girl, blue to boy. Our parents also buy different kinds of toy for us to play. They would buy gun or car for boys, and barbie doll for girls. They also expect different behaviour from the two kids. Parents also choose different kinds of activity. They would encourage their daughter to do some housework and encourage their son to play sport. Moreover, boys are allowed to go far away from home and late at night, whereas girls should stay at home.

Psychologists Susan Goldberg and Michael Lewis conduct an observation on a mother with her 6-month-old infants.