Forma # 1.ai - ICAB

“Most people try to maximize the number of times they are right, the real question is how much you
make when you are right.”
- Bill Miller
“The list of qualities [an investor should have] includes patience, self-reliance, common sense, a tolerance
for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do
independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.”
- Peter Lynch
“The best investors are like professional socialites. They always know where the next party is going to be
held. They arrive early and make sure that they depart well before the end, leaving the mob to swill the
last tasteless dregs.”
- The Economist
“Investing is a lot like sailing - you can go anywhere you wish without forecasting the wind. What is
essential is to measure the wind properly and often, and align yourself with prevailing conditions.”
- John Hussman
“The first principle of winning is not to lose. Never worry about what we don't make, worry about what
we might lose.”
- J. Dennis Delafield
“History of business shows that advances in technology are not reaped by those that make technology but
rather those who use it.”
- Ralph Wanger
“Debt is the worst poverty.”
- Thomas Fuller
“Today, there are three kinds of people: the haves, the have-nots, and the have-not-paid-for-whatthey-haves.”
- Earl Wilson
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