venturing.in

We buy things with what we call a hard catalyst; so some kind of event that’s going to close the gap between what you bought it at and what it’s worth.

We also buy things where there’s no catalyst; so we’re just owning businesses.

In the first category, if there’s a catalyst, we don’t need that much growth. We need to buy it cheap and get out.

In the second category, where there’s no catalyst, we absolutely need growth. And now the growth can come in all kinds of ways. It doesn’t have to come through increased revenues, although a lot of times it does. It can come from running operations more efficiently. It can come from acquisitions. It can come from buying back shares really cheap. But if there’s no catalyst, we absolutely need growth.

– David Abrams

Fanaticism consists of redoubling your efforts when you have forgotten your aim.

– George Santayana

‘It is only half and hour’ – ‘It is only an afternoon’ – ‘It is only an evening,’ people say to me over and over again; but they don’t know that it is impossible to command one’s self sometimes to any stipulated and set disposal of five minutes–or that the mere consciousness of an engagement will sometimes worry a whole day…whoever is devoted to an art must be content to deliver himself wholly up to it, and to find recompense in it. I am grieved if you suspect me of not wanting to see you, but I can’t help it; I must go in my way whether or no.

– Charles Dickens

To begin you must study the end. You don’t want to be the first to act, you want to be the last man standing.

-José Raúl Capablanca

Frequently, you’ll look at a business having fabulous results. And the question is how long can this continue? Well, there is only one way to answer that. And that’s to think about why the results are occurring now and then to figure out what could cause those results to stop occurring.

– Charlie Munger

There is one quality which one must possess to win, and that is definiteness of purpose, the knowledge of what one wants, and a burning desire to possess it.

– Napoleon Hill

The way you train reflects the way you fight. People say I’m not going to train too hard, I’m going to do this in training, but when it’s time to fight I’m going to step up. There is no step up. You’re just going to do what you did every day.

– Georges St. Pierre

I shall assume that I am writing for readers who are full, or have in the past been full, of a proper spirit of ambition. A man’s first duty, a young man’s at any rate, is to be ambitious.

– GH Hardy

Learning occurs best when new information is incorporated gradually into the memory store rather than when it is jammed in all at once.

– John Medina