Seth Quotes

Leaders lead when they take positions, when they connect with their tribes, and when they help the tribe connect to itself.

Graham's wonderful sentence as, an investor needs only two things: cash and courage. Having only one of them is not enough.

The inability to hold cash and the pressure to be fully invested at all times meant that when the plug was pulled out of the tub, all boats dropped as the water rushed down the drain.

The definition of a revolution: it destroys the perfect and enables the impossible.

Not adding value is the same as taking it away.

Be sure that you are well compensated for illiquidity - especially illiquidity without control - because it can create particularly high opportunity costs.

Value investing is predicated on the efficient market hypothesis being wrong.

Quit or be exceptional. Average is for losers.

If it's worth listening to, it's worth questioning until you understand it.

I met Evan Goldberg at bar-mitzvah class. It was called tallis and tefillin.

We are not so brazen as to believe that we can perfectly calibrate valuation; determining risk and return for any investment remains an art not an exact science

religion notoriously claims that they invented morality, they didn't. Morality exists in animals, ya know.

We have been brainwashed by school, indoctrinated by industrial propaganda, and mesmerized by the popular media into believing that compliance is not only safe but right and necessary.

Art is a personal act of courage, something one human does that creates change in another.

No one has ever built a statue to a critic, it's true. On the other hand, it's only the people with statues that get pooped on by birds flying by.

Following instructions is overrated.

We are big fans of fear, and in investing it is clearly better to be scared than sorry.

In contrast to the speculators preoccupation with rapid gain, value investors demonstrate their risk aversion by striving to avoid loss.

Transformation al leaders don't start by denying the world around them. Instead, they describe a future they'd like to create instead.

How do I dance with the fear? Fear is not the enemy. Paralysis is the enemy.

Persistent people are able to visualize the idea of light at the end of the tunnel when others can't see it

I don't think anyone should be banned. If you don't like a book, set it aside.

Just imagine how much you'd get done if you stopped actively sabotaging your own work.

Two elements of successful leadership: a willingness to be wrong and an eagerness to admit it.

Learning is not watching a video, learning is taking action and seeing what happens.

When all feels calm and prices surge, the markets may feel safe; but, in fact, they are dangerous because few investors are focusing on risk.

For a Jewish mother, having a country wage war on your son is the worst. If Kim Jong-un only knew what he was doing to my mother!

Think of many things. Never place your happiness in one person's power. Be just to yourself.

We worry top-down, but we invest bottom-up

You win by trying. And failing. Test, try, fail, measure, evolve, repeat, persist.

The edge is a great place to be. Inside the box is too dark. Outside the box, there's no leverage. But on the edge of the box, you can get things done!

If you love writing or making music or blogging or any sort of performing art, then do it. Do it with everything you've got. Just don't plan on using it as a shortcut to making a living.

I see things differently when I'm focused on opening doors for other people, and more often than not, my doors are opened as well.

If you believe that a given situation should make you unhappy, then it will, and the unhappiness will then reinforce the condition.

No organization ever created an innovation. People innovate, not companies.

The cost of performing well in bad times can be relative underperformance in good times.

Connect, create meaning, make a difference, matter, be missed.

Getting picked is fine if it happens to you. But it's not a plan. It's a version of waiting and hoping.

Don’t be different just to be different. Be different to be better.

Change is not a threat, it's an opportunity. Survival is not the goal, transformative success is.

Ratings agencies are highly conflicted, unimaginative dupes. They are blissfully unaware of adverse selection and moral hazard. Investors should never trust them.

The tiny cost of failure...is dwarfed by the huge cost of not trying.

Art is a personal gift that changes the recipient. The medium doesn't matter. The intent does.

A bully is playing a game, one that he or she enjoys and needs. You're welcome to play this game if it makes you happy, but for most people, it will make you miserable.

The people who are the best in the world specialize at getting really good at the questions they don't know.

Don’t do it because it’s your job, do it because you can.

I have a car that I like - an Aston Martin - for Sunday drives in the country.

People that take responsibility are often given responsibility!

If failure is not an option, neither is success. Innovation is just repeated failure till you come up with something that works.

Every great company, brand, career has been built in exactly the same way: bit by bit, step by step, little by little.