Too many people looked to me in the eye and did not tell me the truth.
I don't want to understand Facebook.
Show me the incentive and I will show you the outcome
Our biggest mistakes, were things we didn't do, companies we didn't buy.
Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you've won.
Move only when you have an advantage. It's very basic. You have to understand the odds and have the discipline to bet only when the odds are in your favor.
'Crowd folly', the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior - like investment management practices of many foundations represented here today. It is sad that today each institutional investor apparently fears most of all that its investment practices will be different from practices of the rest of the crowd.
We have a no puke rule. The purpose is performance, not puking.
I have come to rely on Ed Welch and others at CCEF for guidance and insight in better understanding the issues of the soul that plague many people today. For those who want to address more than just the symptoms of depression, Ed's counsel is invaluable.
Gardens are not made by singing 'Oh, how beautiful,' and sitting in the shade.
There is a saying that every single person in the world has something to teach you. So the more people I get to work with, the more I can learn and the better actor I will become.