“Spend the first third of one’s life learning, the next third earning (making all the money you can), and the last third giving to worthwhile causes” – Andrew Carnegie Dictum
“It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.” – Thomas Sowell
“Sometimes it is best to simply say “I don’t know exactly what is going to happen, but I think X strategy has a high probability of working. I’m going to put skin-in-the-game and allocate capital according to X strategy. If I see data points Y and Z change, then I will re-evaluate my perspective.” – Pomp
“Know when to sell. Ideally, the time to sell is…almost never. But there’re 3 instances where we might need to sell: 1) our analysis is wrong 2) prospects of business have deteriorated 3) There’s a better opportunity” – Thomas Chua (Twiiter post)
“Throughout all my years of investing, I’ve found that the big money was never made in the buying or selling, the big money was made in the waiting.” -Jessie Livermore
“A very important principle in investing is you don’t have to make it back the way you lost it. And in fact, it’s usually a mistake to try and make it back the way that you lost it.” – Warren Buffett
“Watch your thoughts, they become your words; watch your words, they become your actions; watch your actions, they become your habits; watch your habits, they become your character; watch your character, it becomes your destiny” – Lao Tzu
