Posts Tagged ‘individual’

Posted: February 3, 2019 in Thought for the Day
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“The first truth to be discovered about human action is that it can be undertaken only by individual ‘actors’. Only individuals have ends and can act to attain them.” -Murray Rothbard

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“Free learners accomplish both the ordinary and the extraordinary. By unleashing the innate human drive to explore and discover, to build and synthesize—to learn—we ensure a future of both individual fulfillment and collective progress.” -Kerry McDonald

“When we decide to interpret an event as a purposeful action, we are necessarily supposing that there must be an intelligent individual carrying out the action. (There can’t be an action without an actor.) So the connection between an action and an actor is a logical one, flowing out of the very concept of ‘purposeful action’ itself.” -Robert Murphy

“It is the masses that determines the course of history, but it’s initial movement must begin with the individual. ” -Robert Murphy and Carlos Lara

Individual Change

Posted: October 24, 2017 in Thought for the Day
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“The genesis for change must begin with the individual.” -Carlos Lara

“An individual doesn’t enrich himself by borrowing capital.  He can only enrich himself by carefully increasing his utility (his skills), saving his excess production, and investing that capital wisely to further increase his production.” –Porter Stansberry

The investment-advisory industry is a huge, multi-billion dollar business based on hard work, clever thinking, and sophisticated algorithms….  [T]he unfortunate truth is that the financial establishment rarely looks beyond stocks and bonds.  And if you think about it, why would it want to?  It makes its money by ushering you from one ‘hot’ stock or ‘amazing’ fund to the next….  Because they know that you have heard that ‘diversification of assets’ is good, financial advisers give you the illusion of diversification by filling your stock portfolio with businesses that are ‘diversified’….  But at the end of the day, it’s all invested in stocks or stock derivatives.

Asset allocation is the process by which you spread your wealth across different sorts of investments….  Over the years, I have made hundreds of individual financial decisions….  I could see very clearly that it was not particular buy/sell decisions that accounted for this good fortune.  It was the general decisions about asset allocation that paid off.” -Mark Ford