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Quotes
“Warren (Buffett) was playing golf at Pebble Beach with Charlie Munger (Berkshire Hathaway Vice-Chairman), Jack Byrne (Fireman’s Fund Chairman), and another person. One of them proposed. “Warren, if you shoot a hole-in-one on this 18-hole course, we’ll give you U$10,000. If you don’t shoot a hole-in-one, you owe us U$10”. Warren thought about it and said, “I’m not taking the bet.” The others said, “Why don’t you? The most you can lose is U$10. You can make U$10,000.” Warren replied, “If you are not disciplined in the little things, you won’t be disciplined in the big things.”
“Finish every day and be done with it. You have done what you could; some blunders and absurdities no doubt crept in; forget them as soon as you can. Tomorrow is a new day; you shall begin it well and serenely, and with too high a spirit to be cumbered with your old nonsense.” — Ralph Waldo Emerson
“Statistics are like lungis. What they reveal is suggestive, what they hide is vital”.
“The goal is not to be consistently right, but to be right enough when it matters.” - Don’t remember where I got this.
“If you don’t bet, you can’t win. If you lose all your chips, you can’t bet.” - Larry Hite
[[20250507155203 QUOTE.md|The best thing about reading is not that it makes you smart — it doesn’t. What it does, though, is give you some perspective and change the way you think.- @Bhuvan]]
“Incentives drive everything, and most of us underestimate what we’d be willing to do if the incentives were right.” - Morgan Housel
Not having FOMO (fear of missing out) is the most important financial skill. It’s crucial for building wealth. If you are susceptible to FOMO, it’s hard to accumulate significant wealth over time. - Morgan Housel
Be fearful when others are greedy & greedy when others are fearful - Warren Buffett
  • As for history, we are living in its ruins. And as for biographies, we are living with the consequences of all the decisions ever made in them. I tend not to read them for pleasure. It’s not unlike carefully scrutinizing the map when one has already reached the destination.
  • “You can get a good deal from rehearsal, If it just has the proper dispersal. You would just be an ass, To do it en masse, Your remembering would turn out much worsal.” Ulrich Neisser
  • Admiration is a state furthest away from understanding. - Ruth Bader Ginsburg
  • Don’t be distracted by emotions like anger, envy, resentment. This just zap energy and time. - Ruth Bader Ginsburg
  • You can’t have it all, at once. - Ruth Bader Ginsburg
  • So that’s the dissenter’s hope; that they are writing not for today, but for tomorrow. - Ruth Bader Ginsburg

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“This is not a novel to be tossed aside lightly, it should be thrown with great force” - Dorothy Parker.