Wise advice on Verified

A speech without a plan is a journey without a map - Dale Carnegie
At its core, this quote means that winging it is a losing strategy. Without a clear structure, your message will meander and fail to land with impact.

Wise advice on Verified

The most important part of every plan is planning on the plan not going according to plan - Morgan Housel
At its core, this quote means that the true value of planning isn't in creating a perfect, linear path, but in building a robust system that can withstand the inevitable deviations from that path.

Quotes about Verified principles

The purpose of the margin of safety is to make an estimate of the future unnecessary - Benjamin Graham
It means you build in such a large buffer of safety when you invest that you're insulated from being wrong. You don't have to predict the future perfectly because your downside is already protected.

Wise advice on Verified

The best way to measure your investing success is not by whether you're beating the market but by whether you've put in place a financial plan and a behavioral discipline that are likely to get you where you want to go - Benjamin Graham
Stop judging your portfolio by the S&P 500's daily moves. True success is defined by your own personal roadmap and your ability to follow it without getting spooked by market noise.

Wise advice on Verified

The investor’s chief aim should be to attain satisfactory results consistent with his resources and risk tolerance - Benjamin Graham
Stop chasing someone else's idea of a win. Your main goal is to achieve investment results that are good enough for *you*, without risking more than you can afford to lose, financially or emotionally.