Monday, February 10, 2014
Plan, ZHUGE Liang
謀事在人成事在天。
- 諸葛亮, 三國演義
Man proposes, god disposes.
- ZHUGE Liang (諸葛亮, 181–234), Romance of the Three Kingdoms (三國演義)
Sunday, February 9, 2014
Success, Ann Richards
I'm really glad that our young people missed the Depression, and missed the great big war. But I do regret that they missed the leaders that I knew. Leaders who told us when things were tough, and that we would have to sacrifice, and these difficulties might last awhile. They didn't tell us things were hard for us because we were different, or isolated, or special interests. They brought us together and they gave us a sense of national purpose.
- Ann Richards (1933-2006)
Saturday, February 8, 2014
Advice, Aramaic Proverb
If you steal from a thief, you also have a taste of it.
- Aramaic Proverb
Just because someone steals, you have no right to rob them. (Talmud Bavli, Berakoth, 5b)
http://en.wikiquote.org/wiki/Aramaic_proverbs
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Friday, February 7, 2014
Birth, Selina Kyle from The Dark Knight Rises (2012)
Selina Kyle: You don't get to judge me just because you were born in the master bedroom of Wayne Manor
Bruce Wayne: [interrupting] Actually, I was born in the Regency Room.
- Anne Hathaway as Selina Kyle, The Dark Knight Rises (2012)
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Tuesday, February 4, 2014
Advice, Knute Rockne
Sunday, February 2, 2014
Ability to Adapt to a New Epoch, Bill Gross
There is not a Bond King or a Stock King or an Investor Sovereign alive that can claim title to a throne. All of us, even the old guys like Buffett, Soros, Fuss, yeah – me too, have cut our teeth during perhaps a most advantageous period of time, the most attractive epoch, that an investor could experience. ...What if an epoch changes? What if perpetual credit expansion and its fertilization of asset prices and returns are substantially altered? What if zero-bound interest rates define the end of a total return epoch that began in the 1970s, accelerated in 1981 and has come to a mathematical dead-end for bonds in 2012/2013 and commonsensically for other conjoined asset classes as well? What if a future epoch favors lower than index carry or continual bouts of 2008 Lehmanesque volatility, or encompasses a period of global geopolitical confrontation with a quest for scarce and scarcer resources such as oil, water, or simply food as suggested by Jeremy Grantham? What if the effects of global "climate change or perhaps aging demographics," substantially alter the rather fertile petri dish of capitalistic expansion and endorsement? What if quantitative easing policies eventually collapse instead of elevate asset prices? What if there is a future that demands that an investor—a seemingly great investor—change course, or at least learn new tricks? Ah, now, that would be a test of greatness: the ability to adapt to a new epoch.
- Bill Gross (1944- )
Pimco's Bill Gross Looks at the Man in the Mirror (CNBC.com, 3 Apr 2013)
http://www.cnbc.com/id/100612898
http://finclip.blogspot.kr/2013/04/pimcos-bill-gross-looks-at-man-in-mirror.html
Labels:
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Saturday, February 1, 2014
Friend, Arabic Proverb
Any wise enemy is better than an ignorant friend.
- Arabic proverb
Quoted in Carol Bardenstein, Translation and Transformation in Modern Arabic Literature:The Indigenous Assertions of Muḥammad 'Uthmān Jalāl, Otto Harrassowitz Verlag, 2005, p. 66.
Arabic proverb: Proverbs from all Arabic speaking parts of the world.
http://en.wikiquote.org/wiki/Arabic_proverbs
http://en.wikiquote.org/wiki/Category:Proverbs
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