Quotes worth saving

[nithin_kumrr]

Been saving a few lines from articles and books that make you go, Yep, that’s a good one, or just make you pause and think.

Thought it might be nice to start a low-key space to share more of these.

Here are a couple to start with:

“Incentives drive everything, and most of us underestimate what we’d be willing to do if the incentives were right.” - Morgan Housel

“The goal is not to be consistently right, but to be right enough when it matters.” - Don’t remember where I got this.

“If you don’t bet, you can’t win. If you lose all your chips, you can’t bet.” - Larry Hite

Nithin used to quote this in Zerodha’s welcome email long back.

If you’ve come across something that stayed with you, feel free to add it here. It might be nice to build a small collection.

[cvs]

It’s a basic truth of the human condition, that everybody lies.
The only variable is about what.

The weird thing about telling someone they’re dying is that,
it tends to focus their priorities. Find out what matters to them.
What they’re willing to die for… What they’re willing to lie for.

- Dr. Gregory House (fictional)

[SG_13]

It is difficult to get a man to understand something, when his salary depends upon his not understanding it. - Upton Sinclair

Not having FOMO (fear of missing out) is the most important financial skill. It’s crucial for building wealth. If you are susceptible to FOMO, it’s hard to accumulate significant wealth over time. - Morgan Housel

Stress primarily comes from not taking action over something that you can have some control over. - Jeff Bezos

On frugal living:
Discipline is less about saying no all the time and more about setting up a system that says yes, but later. The goal isn’t to be frugal for the sake of it. It’s to live well today and tomorrow.

The best thing about reading is not that it makes you smart — it doesn’t. What it does, though, is give you some perspective and change the way you think.- @Bhuvan

[kumar_learner]

In the stock market, just like in Indian politics, it’s all about who can make the loudest noise—sometimes the quiet ones have the best strategies.

Investing in the markets is like making biryani—too much heat and you end up with a burnt portfolio.

[asifali]

[asifali]

[asifali]

[ramananantha]

I like this saying a lot. Trying to follow it. Sometimes I do, sometimes I don’t. Work in progress

“I’m at the stage in life where I stay out of discussions. Even if you say 1+1=5, you’re right. Have fun” - Keanu Reeves

[ramananantha]

Other quotes are

1. Money can be the root all evils or the sum of all blessings depending on all how to use it.

2. Money isn’t the most important thing in life, but it’s reasonably close to oxygen on the gotta-have-it scale -Zig Ziglar

3. When I was young, I thought that money was the most important thing in life; now that I am old, I know that it is – Oscar Wilde

4. Money is power, Money is Freedom, Money is a cushion that can soften the biggest of falls.

5. The only thing that money should give you is the freedom of not having to worry about money – Johnny Carson

6. Wealth is the ability to fully experience life – Henry Thoreau

7. In God we trust, everybody else brings data to the table – Deming

8. Wealth consists not in having great possessions, but in having few wants – Epictetus, Greek philosopher

9. More than getting big returns, I want to be financially unbreakable. And if I’m unbreakable I’ll get very good returns, because I’ll be able to stick around long enough for compounding to work wonders
   

10. Ask yourself: What is your ultimate goal? If you achieve it, what does that look like? How can you achieve your goal with no risk at all or as little risk as possible? In other words, what would guarantee, you would accomplish your goal?

[SG_13]

A mistake that makes you humble is better than an achievement that makes you arrogant.

The most practical way to change who you are is to change what you do - James Clear

Happiness is like a butterfly which, when pursued, is always beyond our grasp, but, if you will sit down quietly, may alight upon you.