By failing to prepare, you are preparing to fail.
Someone's sitting in the shade today because someone planted a tree a long time ago.
Begin with the end in mind.
Let your plans be dark and impenetrable as night, and when you move, fall like a thunderbolt.
A strategy is a coordinated and integrated set of five choices: a winning aspiration, where to play, how to win, core capabilities, and management systems.
Planning is guessing. Give up on the illusion that you can predict the future.
The kernel of a strategy contains three elements: a diagnosis, a guiding policy, and coherent action.
When defeat comes, accept it as a signal that your plans are not sound, rebuild those plans, and set sail once more toward your coveted goal.
Knowledge is only potential power. It becomes power only when, and if, it is organized into definite plans of action.
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.
