The way you train reflects the way you fight. People say I’m not going to train too hard, I’m going to do this in training, but when it’s time to fight I’m going to step up. There is no step up. You’re just going to do what you did every day.
I shall assume that I am writing for readers who are full, or have in the past been full, of a proper spirit of ambition. A man’s first duty, a young man’s at any rate, is to be ambitious.
Learning occurs best when new information is incorporated gradually into the memory store rather than when it is jammed in all at once.
Value investing is at its core the marriage of a contrarian streak and a calculator.
My observation is that the doers are the major thinkers. The people that really create the things that change the industry are both the thinker-doer in the same person.
People who write a lot, also listen a lot. They also change their mind a lot. Not necessarily with new data, but sometimes re-analyzing the same data. They also work hard to disconfirm fundamental biases.
The self does not lie passively in wait for us to discover it. Selfhood is made in the active, ongoing process, in the German verb werden, ‘to become.’
Lee Kuan Yew said one thing over and over and over again all his life: ‘Figure out what works and do it.’ If you just go at life with that simple philosophy…you’ll find it works wonderfully well. Figure out what works and do it.
It doesn’t matter how beautiful your theory is, it doesn’t matter how smart you are. If it doesn’t agree with experiment, it’s wrong. In that simple statement is the key to science.