No matter how powerful, countries cannot rule the whole world. The world is ruled by brains, by justice, by morals and by fairness.
When people give away stocks based on forced selling or fear that is usually a great opportunity.
Selling, in particular, can be a challenge; many investors are tempted to become more optimistic when a security is performing well. This temptation must be resisted; tax considerations aside, when a security reaches full valuation, there is no longer a reason to own it.
Value in relation to price, not price alone, must determine your investment decisions. If you look to Mr Market as a creator of investment opportunities (where price departs from underlying value), you have the makings of a value investor. If you insist on looking to Mr Market for investment guidance however, you are probably best advised to hire someone else to manage your money.
The inability to hold cash and the pressure to be fully invested at all times meant that when the plug was pulled out of the tub, all boats dropped as the water rushed down the drain.
When excesses such as lax lending standards become widespread and persist for some time, people are lulled into a false sense of security, creating an even more dangerous situation. In some cases, excesses migrate beyond regional or national borders, raising the ante for investors and governments. These excesses will eventually end, triggering a crisis at least in proportion to the degree of the excesses. Correlations between asset classes may be surprisingly high when leverage rapidly unwinds.
Be sure that you are well compensated for illiquidity - especially illiquidity without control - because it can create particularly high opportunity costs.
Real men don't do pickup lines just to sweep off every girls' feet. They do and trust their own instincts knowing what the girls' wants and needs. Vying to win their hearts.
If you want to be successful in a particular field or endeavor, I think perseverance is one of the key qualities. It's very important that you find something that you care about, that you have a deep passion for, because you're going to have to devote a lot of your life to it.
There is a single light of science, and to brighten it anywhere is to brighten it everywhere.
There is no single field of activity, not a single institution, free of the most brutal sort of corruption. Russia has bred a world-class mafia.