Showing posts with label attitude. Show all posts
Showing posts with label attitude. Show all posts

Thursday 3 April 2014

The Magic Words - A Healthy Attitude







Today, Earl Nightingale is remembered as the greatest philosopher of his time, and his best selling programs and books continue to sell daily, inspiring people around the world to reach their highest potential.

Success is not a matter of luck or circumstance. It's not a matter of fate or the breaks you get or who you know. Success is a matter of sticking to a set of commonsense principles anyone can master. In Lead the Field Earl Nightingale explains these guidelines: the magic word in life is ATTITUDE. It determines your actions, as well as the actions of others. It tells the world what you expect from it. When you accept responsibility for your attitude, you accept responsibility for your entire life. Earl Nightingale -- the "Dean of Development" -- offers you a treasure trove of uplifting and insightful information like: * The importance of forgiveness * How "intelligent objectivity" can improve your professional life * The usefulness of constructive discontent Now it's your turn to bring positive changes to your own life, changes that will allow you to lead the field yourself!

Tuesday 9 December 2008

Value Investing: A Philosophy More Than a Formula

Value investing is based more on philosophy. Those who studied directly under Graham are careful to explain that Graham and Dodd's Security Analysis and Graham's The Intelligent Investor are not cookbooks for the investment professional. There is no step one, step two, and step three. Graham's purporse was to make his students use the deductive process to think for themselves.

Despite continual examination, questioning, probing, and tweaking of the Graham and Dodd concepts, the very basics - the fundamentals - remain intact.

Three Key Concepts

When Warren Buffett talks about his training under Graham, he says that the two most important things he learned at Columbia University were:

  • The right attitude
  • The importance of margin of safety

By listening to Buffett speak and by reading Berkshire Hathaway's annual reports, a third key Graham concept surfaces repeatedly, that of

  • Intrinsic value.