Individuals who cannot master their emotions are ill-suited to profit from the investment process.
Benjamin GrahamRead
Obvious prospects for physical growth in a business do not translate into obvious profits for investors.
Interpretation
Not all growth opportunities in a business guarantee profits for investors.
This quote emphasizes that while a business may have clear opportunities for physical expansion, such growth does not automatically ensure financial returns for investors. It serves as a reminder that business dynamics are complex and growth must be carefully evaluated in terms of profitability.
In practice
During a business seminar focusing on investment strategies.
Individuals who cannot master their emotions are ill-suited to profit from the investment process.
It is absurd to think that the general public can ever make money out of market forecasts.
Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it β even though others may hesitate or differ.
When somebody asserts that a stock has an earning power of so much, I am sure that the person who hears him doesn't know what he means, and there is a good chance that the man who uses it doesn't know what it means.
To be an investor you must be a believer in a better tomorrow.
While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster
If you aren't committed to diversity of thought, you have no business launching a startup.
Statistics suggest that when customers complain, business owners and managers ought to get excited about it. The complaining customer represents a huge opportunity for more business.
If you want to invest in us, we believe customer number one, employee number two, shareholder number three. If they don't want to buy that, that's fine. If they regret, they can sell us.
What is good for our customers is also in the long run good for us.
In business, you're trying to make a buck. God was good to me and blessed me. I made some money and started this foundation years ago, and it has grown in size. With the foundation it's a lot different, because the bottom line isn't how you can make more money or get a better return, it's helping the projects that you feel strongly about move forward.
The key is to set realistic customer expectations, and then not to just meet them, but to exceed them - preferably in unexpected and helpful ways.
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