Tuesday, November 14, 2023
Sam Walton Quotes (Founder of Walmart)
There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.
Outstanding leaders go out of their way to boost the self-esteem of their personnel. If people believe in themselves, it's amazing what they can accomplish.
High expectations are the key to everything.
If you love your work, you'll be out there every day trying to do it the best you possibly can, and pretty soon everybody around will catch the passion from you - like a fever.
Swim upstream. Go the other way. Ignore the conventional wisdom.
Celebrate your successes. Find some humor in your failures.
We're all working together; that's the secret.
Jeff Bezos Quotes (Founder of Amazon)
A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well.
We see our customers as invited guests to a party, and we are the hosts. It's our job every day to make every important aspect of the customer experience a little bit better.
What consumerism really is, at its worst is getting people to buy things that don't actually improve their lives.
I believe you have to be willing to be misunderstood if you're going to innovate.
If you can't tolerate critics, don't do anything new or interesting.
What we need to do is always lean into the future; when the world changes around you and when it changes against you - what used to be a tail wind is now a head wind - you have to lean into that and figure out what to do because complaining isn't a strategy.
Life's too short to hang out with people who aren't resourceful.
Jack Ma Quotes (Founder of Alibaba)
Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine.
Spending money is much more difficult than making money.
You should learn from your competitor, but never copy. Copy and you die.
We should keep on going along the path of globalization. Globalization is good... when trade stops, war comes.
The very important thing you should have is patience.
I call Alibaba '1,001 mistakes.' We expanded too fast, and then in the dot-com bubble, we had to have layoffs. By 2002, we had only enough cash to survive for 18 months. We had a lot of free members using our site, and we didn't know how we'd make money. So we developed a product for China exporters to meet U.S. buyers online. This model saved us.
Help young people. Help small guys. Because small guys will be big. Young people will have the seeds you bury in their minds, and when they grow up, they will change the world.
Friday, November 10, 2023
Mohnish Pabrai Quotes (Multibillionaire Stock Market Investor)
Mistakes are the best teachers. One does not learn from success. It is desirable to learn vicariously from other people's failures, but it gets much more firmly seared in when they are your own.
You don't make money when you buy stocks. And you don't make money when you sell stocks. You make money by waiting.
I think a lot of people are getting more serious about how to do the most good, but there is no road map. I'm hoping I can offer an example.
The essence of a good investment manager is one who studies a given business and extrapolates the future cash flows that the business is likely to generate over the next several years. Based on the cash flow and asset assessment, they can then arrive at their expected rate of return if they bought a fraction of that business at a given price.
You know, my degrees are in computer engineering. I spent a lot of time in the tech industry. And I like to say that I don't invest in tech because I spent time in it. And I saw firsthand that the durability of technology moats is many times an oxymoron.
The single biggest advantage a value investor has is not IQ. It's patience and waiting. Waiting for the right pitch, and waiting for many years for the right pitch.
People see poverty all around them in India, but they are desensitized or immune to it. I came to the conclusion that poverty is driven by lack of education.
Michael Burry Quotes (Multibillionaire Stock Market Investor)
Fresh, clean water cannot be taken for granted. And it is not - water is political, and litigious. Transporting water is impractical for both political and physical reasons, so buying up water rights did not make a lot of sense to me, unless I was pursuing a greater fool theory of investment - which was not my intention.
Sadly, in the highest levels of economic thought in government, questions are not tolerated. It is as if we're dealing with the binary thinking of a fundamentalist religion.
'Ick investing' means taking a special analytical interest in stocks that inspire a first reaction of 'ick.' I tend to become interested in stocks that by their very names or circumstances inspire unwillingness - and an 'ick' accompanied by a wrinkle of the nose on the part of most investors to delve any further.
My natural state is an outsider, and no matter what group I'm in or where I am, I've always felt like I'm outside the group, and I've always been analyzing the group.
Lost dollars are simply harder to replace than gained dollars are to lose.
At one point, I recognized that Warren Buffett, though he had every advantage in learning from Ben Graham, did not copy Ben Graham but, rather, set out on his own path and ran money his way, by his own rules... I also immediately internalized the idea that no school could teach someone how to be a great investor.
One of the risks for anybody in the lending business is that being conservative can harm your competitiveness.
Peter Lynch Quotes (Greatest Mutual Fund Manager in the World)
Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.
You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.
The person that turns over the most rocks wins the game. And that's always been my philosophy.
Although it's easy to forget sometimes, a share is not a lottery ticket... it's part-ownership of a business.
Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.
It's human nature to keep doing something as long as it's pleasurable and you can succeed at it - which is why the world population continues to double every 40 years.
Charlie Munger Quotes (Mentor to Warren Buffett and Multibillionaire Stock Market Investor)
Here are 85 famous Charlie Munger quotes in honor of his birthday:
It takes character to sit with all that cash and to do nothing. I didn't get to the top where I am by going after mediocre opportunities.
To get what you want, you have to deserve what you want. That world is not yet a crazy enough place to reward a whole bunch of people.
Being something and doing something that no one had done before are two different things.
Those who keep learning will keep rising in life.
If you keep learning all the time you have a huge advantage.
You don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time.
People calculate too much and think too little.
A majority of life's errors are caused by forgetting what one is really trying to do.
The best thing a human can do is to help another human being know more.
Knowing what you don't know is more useful than being brilliant.
The habit of committing far more time to learning and thinking than to doing is no accident.
Like Warren, I had a considerable passion to get rich, not because I wanted Ferrari's -I wanted the independence. I desperately wanted it.
One of the greatest ways to avoid trouble is to keep it simple...the system often goes out of control.
If you skillfully follow the multidisciplinary path, you will never wish to come back. It would be like cutting off your hands.
Just the discipline of having to put your thoughts in order with somebody else is very useful thing.
Opportunity comes to the prepared mind.
I met the towering intellectuals in books, not in classroom, which is natural. My family was into all that stuff, getting ahead through discipline, knowledge, and self-control.
I paid no attention to the territorial boundaries of academic disciplines and I just grabbed all the big ideas that I could.
It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be intelligent.
To this day, I have never taken a course anywhere, in chemistry, economics, psychology, or business.
I try to get rid of people who confidently answer questions about which they don't have any real knowledge.
I believe in the discipline of mastering the best that other people have ever figured out. I don't believe in just sitting down and trying to dream it all up yourself.
Another thing I think should be avoided is extremely intense ideology because it cabbages up one's mind...when you're young it's easy to drift into royalties and when you announce that you're a loyal member...and you're gradually ruining your mind.
Simplicity has a way of improving performance by enabling us to better understand what we are doing.
You should avoid sloth and unreliability.
Generally speaking, envy, resentment, and self-pity are disastrous modes of thoughts. Self-pity gets fairly close to paranoia, and paranoia is one of the very hardest things to reverse.
People should take away less than they're worth when they are favored by life...I would argue that when you rise high enough in American Business you've got a moral duty to be underpaid
Those of us who have been fortunate have a duty to give back. Whether one gives a lot as one goes along as I do, or a little and then a lot (when one dies) as Warren does, is a matter of personal preference.
No man is fit to hold office who isn't perfectly willing to leave it at any time...
Acknowledging what you don't know is the dawning of wisdom.
We recognized early on that smart people do very dumb things, and we wanted to know why and who, so that we could avoid them.
We have a passion for keeping things simple.
We have three baskets for investing: yes, no, and too tough to understand.
Live within your income and save so you can invest. Learn what you need to learn.
It's waiting that helps you as an investor and a lot of people just can't stand to wait. If you didn't get the deferred -gratification gene, you've got to work very hard to overcome that.
A great business at a fair price is superior to a fair business at a great price.
An intelligent investing is value investing, acquiring more than you are paying for.
The big money is not in buying or selling, but in the waiting.
A lot of people with high IQs are terrible investors because they've got terrible temperaments.
When you borrow a man's car, always return it with a tank of gas.
.. the most famous composer in the world but was utterly miserable most of the time, and of the reasons was because he always overspent his income. This was Mozart. If Mozart couldn't get by with this kind of asinine conduct, I don't think you should try.
We're not interested in taking a substantial chance of taking a lot of very decent people back to 'Go' so we can have one more zero on our net worth.
The liabilities are always 100 percent good. It's the assets you have to worry about.
Take a simple idea, and take it seriously.
Mimicking the herd invites regression to the mean.
Wall Street has too much wealth and political power.
It's like the slaughter of the innocents. It makes the people who run Las Vegas seem like good people.
I've seen so much folly and stupidity on the part of our major philanthropic groups, including the world bank. I really have more confidence in building up the more capitalistic ventures like Costco.
We both (Warren Buffett) insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.
Our game is to recognize a big idea when it comes along when one doesn't come along very often.
Ninety-nine percent of the troubles that threaten our civilization come from too optimistic, therefore we should have a system where the accounting is a way more conservative.
A lot of people think if you just had more process and more compliance- checks and double-checks and so forth-you could create a better world. We just try to operate in a seamless web of deserved trust and be careful of whom we trust.
Everywhere there is a large commission, there is a high probability of a rip-off.
Part of what you must learn is how to handle mistakes and new facts that change the odds. Life, in part, is like a poker game wherein you have to learn to quit sometimes when holding a much-loved hand.
In my whole life, I have known no wise people...who didn't read all the time --none, zero. You'd be amazed at how much Warren reads --at how much I read...They think I'm a book with a couple of legs sticking out.
Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.
Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you've won.
Just because you like it does not mean that the world will necessarily give it to you.
I would argue that passion is more important than brainpower.
Is there such a thing as a cheerful pessimist? That's what I am.
The iron rule of nature is: You get what you reward for. If you want ants to come, you put sugar on the floor.
Another thing, of course, is that life will have terrible blows in it, horrible blows, unfair blows. It doesn't matter. And some people recover and others don't...
Confucious said that real knowledge is knowing the extent of one's ignorance. Aristotle and Socrates said the same thing. Is it a skill that can be taught or learned? It probably can, if you have enough of a stake riding on the outcome...
Wisdom acquisition is a moral duty. It's not something you do just to advance in life...You are not going to get very far in life based on what you already know. You're going to advance in life by what you learn after you leave here.
Some people are extraordinarily good at knowing the limits of their knowledge because they have to be.
Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Systematically you get ahead, but not necessarily in fast spurts...At the end of the day if you live long enough most people get what they deserve.
One solution fits all is not the way to go. All these cultures are different. The right culture for the Mayo Clinic is different from the right culture at a Hollywood movie studio. You can't run all these places with a cookie-cutter solution.
There's a tendency to think that our present politicians are much worse than we had in the past. But we tend to forget how awful our politicians were in the past.
The highest form that civilization can reach is a seamless web of deserved trust-not much procedure, just totally reliable people correctly trusting one another...
You must force yourself to consider opposing arguments. Especially when they challenge your best-loved ideas.
Remember that reputation and integrity are your most valuable assets and can be lost in a heartbeat.
Most people are too fretful, they worry too much. Success means being very patient, but aggressive when it's time.
Always take the high road, it's far less crowded.
You don't have to have the ability that quantum mechanics requires. You just have to know a few simple things and really know them.
Don't drift into self-pity because it doesn't solve any problems.
It's not supposed to be easy. Anyone who finds it easy is stupid.
You need patience, discipline, and agility to take losses and adversity without going crazy.
There is not more money to be made from law, but less time to enjoy it.
No wise pilot, no matter how great his talent and experience, fails to use a checklist.
If something is too hard, we move on to something else. What could be more simpler than that?
I think that one should recognize the reality even when one doesn't like it; indeed, especially when one doesn't like it.
The best armor of old age is a well-spent life perfecting it.
There is no way you can live an adequate life without making mistakes.
Invert, always invert: Turn a situation or problem upside down. Look at it backward.
Warren Buffett Quotes (World's greatest Stock Market Investor)
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
The only way to get love is to be lovable. It's very irritating if you have a lot of money. You'd like to think you could write a check: 'I'll buy a million dollars' worth of love.' But it doesn't work that way. The more you give love away, the more you get.
Basically, when you get to my age, you'll really measure your success in life by how many of the people you want to have love you actually do love you.
You only have to do a very few things right in your life so long as you don't do too many things wrong.
Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.
There seems to be some perverse human characteristic that likes to make easy things difficult.
Wednesday, November 8, 2023
The Little Red Book of Millionaire Secrets: The Key Secrets to Become a Millionaire (You may Own the E-book here at USD $1.99 ONLY)
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Sunday, November 5, 2023
Saturday, November 4, 2023
Ahmad Nor Biography
Born with dyslexia and raised in both Malaysia and the UK by quite negative surrounding, the boy Ahmad was wanted so much more in life. This negativity later proved to be a great factor in his ambitions.
Although a straight-A student back in his high school and college years, Ahmad was always a rebel towards the traditional school system.
Even with this, Ahmad sought personal success, looked to live a comfortable life by investing in himself to ultimately create wealth.
Training very hard himself to become an excellent writer despite being dyslexic, he did all of this including his commitment to education despite his rebellious attitude just to make his parents proud.
Ahmad used to get a ‘D’ for his English writing, and now he is an Author of more than 12 Books!
Growing up in an environment with negative family and friends, who never had the millionaire mindset just might be the best thing that has happened to Ahmad. Though, he didn’t see it at that time.
The journey to his dreams wasn’t a very smooth one. Older, Ahmad ventured into endeavors that nothing came out of it.
Does he let it stop him?
Maybe for a minute but he got back to it.
You could say that there is power in the mindset. He grew up wanting something better, and that mindset was his biggest resource. He knew it would be difficult because his family gave him an idea of how difficult it will be.
No, he doesn’t claim to have special powers or came from outer space. He’s just the ordinary guy.
Being a straight-A student didn’t mean he knew exactly what to do.
Let’s be honest here.
The traditional schooling system never truly prepares us for what is out there. It punishes students for failures when in fact failing is a huge part of success.
Failure tells you more about succeeding. It tells where not to look or consider. It tells where you need to go next. Does the traditional school prepare you for that?
Of course not!
It doesn’t prepare someone to acquire wealth. Instead, it’s a breeding ground for people who will end up in the middle classes.
We are taught Arts and Sciences when the world out there doesn’t need even half of that.
We are taught by academicians and professors when the world is dominated by business individuals and investors.
You see, being a straight-A student wasn’t necessarily a tool for him.
Do you know what was? His determination.
So, if he can do it, succeed and create wealth from scratch, then what makes you any different?
That’s right. Nothing. Establish that mindset, hustle. Yes, like Ahmad, you may fall but get back right up and never give up.
Today, Ahmad Mokhzani Bin Mohd Nor is a researcher, investor, entrepreneur, and author. He runs a very successful e-commerce store dropshipping products for Amazon and eBay. He has stakes in the real estate industry and both Malaysia and the US stock markets.
Another of his business endeavors is founding AMACapital Corporation and AMALand Holdings. The former deals with different businesses in Malaysia while the latter owns several commercial and residential real estate also in Malaysia.
Know that before he even started this particular business, he failed initially. The 2 Corporations were intended to be Holding Corporations for assembling the profitable businesses and estates in Malaysia.
The same goes for his dropshipping business. Everything wasn’t as easy success for him.
Ahmad isn’t just focused on building wealth. As a Biblical and Islamic futurist, he predicts the future based on the Bible, the Quran as well as the sayings of the Prophet Muhammad and Nostradamus. On this alone, he has written 6 books on the end-times and the emergence of the Antichrist!
He is an avid reader of diverse disciplines and subjects, especially business and comparative religion.
One book that Ahmad acknowledged had a huge influence on him was ‘Rich Dad, Poor Dad’ by Robert Kiyosaki. This financial momentum was like discovering a light. The book has been guiding Ahmad to become a successful entrepreneur and investor.
He goes by the pen names Daniel Levy Nor and Darius Lucas Nehemiah writing books on Commerce, Motivation, and Personal Development as well as Conspiracy, International Relations, and Religion. Let’s just say everything he has learned in life, Ahmad wants the World, you, to learn from it all.
Ahmad Nor has successfully authored 12 Books on Business, Personal Finance, Antichrist, and Comparative Religion, which can be accessed at Daniel Levy Nor and Darius Lucas Nehemiah.
He is on his way to becoming a millionaire and financially free, and spends his precious time guiding others to become rich! Exactly as he had dreamt!
So can you also.
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