Author Topic: What's your favorite quotes from books and guru investors  (Read 1178 times)

longlake95

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Re: What's your favorite quotes from books and guru investors
« Reply #10 on: March 21, 2019, 11:19:11 AM »
"a pile of turds with raisins in it, is still a pile of turds" Charlie Munger   ;D


rkbabang

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Re: What's your favorite quotes from books and guru investors
« Reply #11 on: March 21, 2019, 12:07:15 PM »
"I would have nothing to invest if I didn't live in a country with strong public education, rule of law, lots of opportunity and public infrastructure."
- Me

And you'd almost certainly have more (due to efficiency) is govt stayed out of all those things minus rule of law. Private schools outperform. Private infrastructure works just fine. There are hundreds of examples.

me

Too bad my parents couldn't afford private school for me.

If the government ran all food distribution in the country "for free", you're parents probably couldn't have afforded to shop at private grocery stores or ate at restaurants like the rich people do either.  If there had been no government involvement and a flourishing education market for over 100 years you would certainly have had an education almost regardless of your parents' means.


Castanza

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Re: What's your favorite quotes from books and guru investors
« Reply #12 on: March 21, 2019, 12:09:41 PM »
"I would have nothing to invest if I didn't live in a country with strong public education, rule of law, lots of opportunity and public infrastructure."
- Me

And you'd almost certainly have more (due to efficiency) is govt stayed out of all those things minus rule of law. Private schools outperform. Private infrastructure works just fine. There are hundreds of examples.

me

Too bad my parents couldn't afford private school for me.

Private school would be much cheaper if the monopoly, i mean govt would remove itself from the public education system and allow the free market to work. Let teacher compete for a salary. It's funny when you get rid of monopolies prices generally go down....You really think if all schools were private that they would hold the entire population hostage with high prices an nowhere to go?

When exactly did college begin to get expensive? When did healthcare begin to get expensive?

Spekulatius

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Re: What's your favorite quotes from books and guru investors
« Reply #13 on: March 21, 2019, 03:47:30 PM »
I doubt that private infrastructure would be cheaper. Sure there is some inefficiency with public infrastructure but the advantage of a low cost of capital is huge.

Anyways, my favorite quote is:

“What the wise do in the beginning, fools do in the end.”

And then there is the age old wisdom:

“Goes butter, goes cheese”
To be a realist, one has to believe in miracles.

Jurgis

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Re: What's your favorite quotes from books and guru investors
« Reply #14 on: March 21, 2019, 03:48:37 PM »
Every f&*(ng thread on CoBF is hijacked by politicos.


Good job folks.


You win.
"Before you can be rich, you must be poor." - Nef Anyo
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"American History X", "Milk", "The Insider", "Dirty Money", "LBJ"

jobyts

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Re: What's your favorite quotes from books and guru investors
« Reply #15 on: March 21, 2019, 06:06:39 PM »
“Nationalism of one kind or another was the cause of most of the genocide of the twentieth century. Flags are bits of colored cloth that governments use first to shrink-wrap people's minds and then as ceremonial shrouds to bury the dead.”

― Arundhati Roy