The Prudence of the Children of this World

The Prudence of the Children of this World

Luke 16:8
The children of this world are more prudent …than the children of light.


Warren Buffett (most successful investor of the 20^th century)
The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs…. An investor (can) obtain superior profits … only by carefully evaluating facts and continually exercising discipline…. An investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace…. If past history was all there was to the game, the richest people would be librarians.


Bill Gates (Microsoft: world’s richest man for 15 of past 20 years)
I choose a lazy person to do a hard job. Because a lazy person will find an easy way to do it…. Most people overestimate what they can do in one year and underestimate what they can do in ten years…. As we look ahead into the next century, leaders will be those who empower others.


Laiwa Chan (first self-made woman billionaire)
Poverty is the best college education I could have hoped for.


Joseph Tsai (Vice Chariman of Alibaba Group)
Alibaba is run by entrepreneurs, and we believe in supporting entrepreneurs with great vision and a strong sense of mission for their companies…. Consider what is needed in order to adapt to future trends and changes…. Our core mission was, and is still, to make it easy to do business anywhere … The mission … is our religion.


Carlos Slim Helu (world’s richest man 2010)
If you’re in business, you need to understand the environment. You need to have a vision of the future, and you need to know the past…. Competition makes you better, always, always makes you better, even if the competitor wins…. Mistakes are normal and human. Make them small, accept them, correct them, and forget them…. Do not allow negative feelings and emotions to control your mind. Emotional harm does not come from others; it is conceived and developed within ourselves.