Posts Tagged ‘individual’

“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

“To be a great leader, you need to understand how to promote individual talents.  Don’t just focus on the team, or you may find yourself leading an army of mediocre yes-men.  Instead, focus just as much on how you can nurture your stars and their unique skills.” -Mark Ford

“To be a great leader, you need to understand how to promote individual talents.  Don’t just focus on the team, or you may find yourself leading an army of mediocre yes-men.” -Mark Ford

“The purpose of the fund [family fund] is to help individual family members enrich their lives…. Children can borrow from the fund. But if they do, they must return the borrowed money with interest. They can use the money to start businesses or pursue educations, but they can’t use it to buy sports cars or yachts.” -Mark Ford

Experience and enthusiasm are two fine business attributes seldom found in one individual.” -William Feather

“Few things can help an individual more than to place responsibility on him, and to let him know that you trust him.”  –Booker T. Washington