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Change is not a threat, it's an opportunity. Survival is not the goal, transformative success is.
I'm big on the importance of science, particularly right now at this point in time when there's sort of a systematic rejection of science by a lot of people in America.
Don't measure anything unless the data helps you make a better decision or change your actions. If you're not prepared to change your diet or your workouts, don't get on the scale.
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.
Ratings agencies are highly conflicted, unimaginative dupes. They are blissfully unaware of adverse selection and moral hazard. Investors should never trust them.
The prevailing view has been that the market will earn a high rate of return if the holding period is long enough, but entry point is what really matters.
A tipping point is invisible, as we just saw in Greece. In most situations, everything appears fine until it's not fine, until, for example, no one shows up at a Treasury auction.
We don't often have the luxury of time [in Steve Jobs movie ]to have these conversations where you just literally get to sit around for day and days and analyze every line of dialogue.
Successful investors must temper the arrogance of taking a stand with a large dose of humility, accepting that despite their efforts and care, they may in fact be wrong.
I know of no long-time practitioner who regrets adhering to a value philosophy; few investors who embrace the fundamental principles ever abandon this investment approach for another
Underground electronic music is art - fundamentally it's based on contemporary art, culture, dance, and real music. If you look at EDM, how many of those cultural standpoints are the same?