He had possessed the arrogance of a tall member of a short race, with no obligation save to be tall.
Bluntly put, there's no chance that your doctor, dentist, or attorney is a high-school dropout. Your stockbroker, however, just might be.
The purpose of investing is not to simply optimise returns and make yourself rich. The purpose is not to die poor.
There are two kinds of investors, be they large or small: those who don't know where the market is headed and those who don't know what they don't know. Then again, there is a third type of investor: the investment professional, who indeed knows he doesn't know, but whose livelihood depends upon appearing to know.
The reason that 'guru' is such a popular word is because 'charlatan' is so hard to spell.
You have to understand your own psychology. You have to understand that human beings weren't really designed to invest. We have all these emotions that are appropriate responses if you're being chased by a tiger, but they're terrible responses if you've got a 30-year time horizon to think about investment or when you're trying to manage investment over 30 years.
There are two kinds of investors, be thay large or small: those who don't know where the market is headed, and those who don't know that they don't know.
The grid is like the lines on a football field. You can play a great game in the grid or a lousy game. But the goal is to play a really fine game.
Read at least one book a month. This is self-serving, obviously. It's a proven fact that people who read buy more books than people who don't read. In truth, I wish you'd read ten books a month, or at least buy that many.
You got one life, never use it just to breathe.
On the whole, love comes with the speed of light; separation, with that of sound.