Category: Notes

The horse to bet on is the one more likely to win than most people expect. That’s the one that gives you the best odds. That’s the bet that pays off over time.

– Steven Crist

The biggest mistake investors make is to believe that what happened in the recent past is likely to persist.

– Howard Marks

However mean your life is, meet it and live it; do not shun it and call it hard names. Love your life, poor as it is.

– Henry David Thoreau

Abstraction, for me, is this idea of getting rid of everything that’s not essential to making a point.

– Christoph Niemann

Investing starts with what you can learn, not what you know. Over and over.

– Nick Grossman

A good scientist is a person with original ideas. A good engineer is a person who makes a design that works with as few original ideas as possible. There are no prima donnas in engineering.

– Freeman Dyson

If you want to get wealthy in the financial markets, you’ll need to engage in hard and systematic work.

– David Abrams

I have always preferred the system of retirement where you can’t quite tell, observing from the outside, whether the man is working or retired. A problem in many businesses, particularly the bureaucratic ones, is your employees retire, but they don’t tell you.

– Charlie Munger

Making a product is hard, but making a team that can continually make products is even harder. The product I’m most proud of is Apple — and the team I built at Apple.

– Steve Jobs