We live on a finite planet. We have finite resources, and we're running out of good, arable land.
Jeremy GranthamRead
The individual is far better-positioned to wait patiently for the right pitch while paying no regard to what others are doing, which is almost impossible for professionals.
Interpretation
Focusing on personal goals can lead to better decision-making than trying to follow the crowd.
This quote emphasizes the importance of individual focus and patience in achieving success. It suggests that while professionals may feel pressured to conform to the actions of their peers, individuals who concentrate on their own goals and wait for the optimal opportunities will likely find greater success in the long run.
In practice
In a motivational speech about pursuing personal dreams.
We live on a finite planet. We have finite resources, and we're running out of good, arable land.
When it comes to portfolios, my personal advice is for anyone who can, put money into forestry or farmland. Long term, you would probably never come near their returns in the stock market. In the world that I see, land is golden.
The market is incredibly inefficient and capable on rare occasions of being utterly dysfunctional. And people have a really hard time getting their brain around that fact. They want to believe that it's approximately efficient almost all the time, and it simply isn't true.
There is no single theory that is used in economics that considers the finite nature of resources. It's shocking.
I believe that a lot of our striving after the symbols and levers of success is due to a basic insecurity, a need to prove ourselves. That done, grown up at last, we are free to stop pretending.
Even a poor man can receive honors.
As long as we place millions of Indians at the canter of our thought process, as long as we think of their welfare, their future, their opportunities for self realization we are on the right track. For India can grow, prosper, flourish only if they grow, prosper, flourish. We cannot grow by any esoteric strategies. Our purchasing power, our economic strength, our marketplace all depends on the prosperity of our people.
The thing I remember best about successful people I've met all through the years is their obvious delight in what they're doing and it seems to have very little to do with worldly success. They just love what they're doing, and they love it in front of others.
My proudest moment? Every Friday morning when I look at the board at Celtic Park and see my name on the team sheet for tomorrow's game.
The elements of good trading are: 1, cutting losses. 2, cutting losses. And 3, cutting losses. If you can follow these three rules, you may have a chance.
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