Let’s saddle up and ride

Through the whole ordeal, I don’t think we ever said to each other: “This isn’t fair.” We just kept going.  We recognised that there were things we could do that might help the outcome in positive ways… and we did them. Without saying it in words, our attitude was, “Let’s saddle up and ride.”

The Last Lecture, Randy Pausch

Buddhism and Value Investing

When there’s nothing to do, do nothing
When there’s something to do, give it all you’ve got

Ajahn Brahm

I call investing the greatest business in the world, because you never have to swing. You stand at the plate, the pitcher throws you General Motors at $47! U.S. Steel at $39! And nobody calls a strike on you. There’s no penalty except opportunity lost. All day you wait for the pitch you like; then when the fielders are asleep, you step up and hit it.

Warren Buffett

In a world in which most investors appear interested in figuring out how to make money every second and chase the idea du jour, there’s also something validating about the message that it’s okay to do nothing and wait for opportunities to present themselves or to pay off. That’s lonely and contrary a lot of the time, but reminding yourself that that’s what it takes is quite helpful.

Seth Klarman

Wise investment words

“We have been led to the old principle that the investor should wait for periods of depressed business and market levels to buy representative common stocks, since he is unlikely to be able to acquire them at other times except at prices that the future may cause him to regret.”

Graham and Dodd, Security Analysis