Be without fear in the face of your enemies. Be brave and upright that God may love thee. Speak the truth always, even if it leads to your death. Safeguard the helpless and do no wrong. - A Knight’s Oath
“Morality, it could be argued, represents the way that people would like the world to work, whereas economics represents how it actually does work.” – Stephen Dubner, journalist and co-author of Freakonomics
“A survival mindset requires optimism about the future, but also being paranoid about what will prevent you from getting to the future” - Morgan Housel
"Investing for the long term requires patience and dedication, but the rewards are worth the wait." – Quote by generative artificial intelligence engine GPT-3
Maintaining an equity bias and following diversification principles provide the foundation for building strong investment portfolios. - David F. Swensen, CIO, Yale and philanthropist
This article was originally published by CityWire In the latest of the series of interviews with industry veterans, Stephen Cranston talks to Neville Chester, a senior Coronation portfolio manager.
“In the past, censorship worked by blocking the flow of information. In the twenty-first century, censorship works by flooding people with irrelevant information. In ancient times having power meant having access to data. Today having power means knowing what to ignore.” – Yuval Noah Harari
“Throughout human history, in any great endeavour requiring the common effort
of many nations and men and women everywhere, we have learned – it is only
through seriousness of purpose and persistence that we ultimately carry the day.
We might liken it to riding a bicycle. You stay upright and move forward so long
as you keep up the momentum.” – Ban Ki-moon
“Only a crisis – actual or perceived – produces real change. When that crisis occurs, the actions that are taken depends on the ideas lying around.” – Economist Milton Friedman
“Sorrow is better than fear. Fear is a journey, a terrible journey, but sorrow is at least an arrival. When the storm threatens, a man is afraid for his house. But when the house is destroyed, there is something to do.” – Alan Paton, author and activist
“Trust is undeniably linked to doing what is right. Ethical drivers such as integrity, dependability and purpose drive the trust capital of business.” – 2020 Edelman Trust Barometer
“He who indulges in empty fears earns himself real fears. We should always allow some time to elapse, for time discloses the truth.“ – Lucius Annaeus Seneca
The element of surprise is common in a system where so many decisions depend on forecasts of the future.” – Iconoclastic economist Frank Knight, mid-20th century