“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford
“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)
“Pay attention to how readily people talk themselves out of things – and be wary of adopting the same narrative. People will often try to convince you their limiting beliefs should become your own. They do not. Find your own ceiling.” – James Clear
“Inequality of outcome is inherent in a free economy, which tends to reward the most talented. Since talent is uneqally and arbitrarily distributed, free enterprise and its resulting inequality of outcome are unpalatable {to many}. Yet progress depends on the flourishing of the talented. That means that inequality is truly the midwife of progress.” – Marian L. Tupy
“To repeat, while such an index-driven strategy may not be the best investment strategy ever devised, the number of investment strategies that are worse is infinite.”-John Bogle
“It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat.” —Theodore Roosevelt
