Thomas Sowell: Scarcity

Economic Facts and Fallacies

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The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics. Thomas Sowell

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Peter Lynch: Making money in stocks

Investing Quote

“The key to making money in stocks is not to get scared out of them.” Peter Lynch

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Donald Rumsfeld: Unknown unknowns

Donald Rumsfeld, Secretary of Defense of the U...

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There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don’t know. But there are also unknown unknowns. There are things we don’t know we don’t know.

Donald Rumsfeld.

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Pablo Picasso: Everything you can imagine is real

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Everything you can imagine is real.

Pablo Picasso

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John Templeton: This time it’s different

Investing Quote

“The four most dangerous words in investing are ‘This time it is different’.” – Sir John Templeton

 

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