"The IT and networking communities overlooked a wise saying from soldiers and police officers: "Make sure the other side has an easier way out than destroying you."
"“Technology is an amplifier,” Acton says. “With the right stewards in place, with the right guidance, we can really effect positive change.”"
"What? I fall probably on half my waves or a quarter of my waves. You learn by falling down. You have to accept ahead of time you will fail sometimes. You have to know that when people are laughing at you, they're not trying to do what you're doing. If they're ridiculing you, they're not trying to achieve what you're trying to achieve. They don't have the balls. So it's sort of that simple. It's psychology 101."
Understanding accounting is extremely important for investors and this awesome summary of Dick Smith's recent history shows why.
Assuming she wrote this herself her business savvy is astounding for a 25 year old. Mad respect.
"It is far more important to minimise the inevitable investment mistakes than be obsessed with trying to find the tenfold investment winners." – Hamish Douglass, Magellan Group CEO, CIO and lead portfolio manager
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong."
George Soros, founder of Soros Funds Management
"I am never in a hurry to do any deal. There's a real cut-off point and I am very unemotional about chasing things I think are too expensive."
Lang Walker, billionaire property developer
"I spend most of my time thinking about the right price to pay for individual stocks that meet our criteria of trustworthy, competent management, conservative leverage and reasonably predictable futures. None of this is rocket science."
John Sevior, Airlie Funds Management founder and chief investment officer
"Never cite boredom as a reason to sell a stock. Always sell the first hiccup in a concept stock. Always buy a 'fallen angel' slowly. Avoid companies moving into an investment year. Never back an incompetent manager no matter how good the company he fronts."
Ben Griffiths, Ely Griffiths founder and portfolio manager
"These are the key tenets I live by: Capital preservation is the number one consideration. Don't invest in blue sky. Ensure the business has a strong business model; sound and robust management. Do the numbers and focus on free cash flow."
David Paradice, Paradice Investments founder
"We consider the downside first. We look at balance sheet, cash flow, profitability. If you've looked at all these, then you've done your homework and you don't have to worry too much. The other thing is, do your own homework."
Nathan Parkin, Perpetual Investments deputy head of equities