Investment, Sir John Templeton

Cute & Wise Words

"The four most dangerous words in investing are: 'This time it's different.'"

A Quick Summary

A friendly reminder that history tends to repeat itself, and assuming we are facing a completely new situation can lead to big mistakes.

What it Means

As Templeton says, simply hoping that bad things won't happen again is not a sound investment strategy. Pay attention to mistakes and learn from them.

When things are going incredibly well or terribly wrong, it's tempting to think the old rules no longer apply. We might say, "It's different now!" But this cute yet sharp quote reminds us that human emotions like greed and fear haven't changed. Believing that "this time is an exception" often leads us to ignore valuable lessons from the past.

Why it's Great

It's so easy to get caught up in the excitement of something new and forget our past blunders. This quote gently taps us on the shoulder, helping us stay grounded and make thoughtful decisions instead of rushing in blindly.

다정하고 뼈 있는 조언

"투자에서 가장 위험한 네 단어는 '이번에는 다를 것이다'이다."

간단한 요약

과거의 교훈을 잊고 이번엔 무언가 특별할 거라 믿는 마음이 얼마나 위험한지 알려주는 귀여운 경고입니다.

담긴 의미

상황이 너무 좋거나 너무 나쁠 때, 우리는 종종 예전과는 완전히 다른 새로운 세상이 열렸다고 착각하곤 합니다. "이번엔 진짜 달라!"라고 외치면서요. 하지만 사람들의 욕심과 두려움이 만드는 패턴은 언제나 비슷하게 반복됩니다. 이 명언은 "이번만은 예외"라는 달콤한 착각에 빠져 과거의 소중한 경험을 무시하지 말라고 다정하게 이야기해 줍니다.

추천하는 이유

새로운 도전에 들떠서 과거의 실수를 똑같이 반복하려 할 때, 이 문장이 우리 마음을 차분하게 가라앉혀 줍니다. 막연한 희망보다는 차분한 마음으로 현명한 선택을 할 수 있도록 도와주기 때문에 즐거운 마음으로 추천합니다.

Work, Chinese Proverb

空行空返。

- 中國俗談

No song, no supper.

- Chinese Proverb

Money, Juvenal

It is not easy for men to rise whose qualities are thwarted by poverty.

- Juvenal

Investment, Wall Street

Don't try to be a jack of all investments.

- Wall Street

Stick to the field you know best.

Stock, Wall Street

Like the ocean, the stock market is never still.

- Wall Street

You can't predict. You can prepare.

Patience, Wall Street

One of the essential qualifications of the successful investor is patience.

- Wall Street

Sit tight and the market give you in due time the signal.

Finance, Warren Buffett

It's only when the tide goes out that you learn who's been swimming naked.

- Warren Buffett (1930- ), Wall Street

Charlie Munger said, "Warren and I are chicken about buying stocks on margin."

Work, William Lyon Phelps

Whenever it is in any way possible, every boy and girl should choose as his life work some occupation which he should like to do anyhow, even if he did not need the money.

- William Lyon Phelps (1865-1943)

Investor, Wall Street

When enough investors find themselves shorn, scapegoats will be sought.

- Wall Street

The real reason for a protracted decline is never bear raiding.

Investor, Wall Street

Successful investor must not only observe accurately but remember what he has observed.

- Wall Street

Bet always on probabilities.