To begin you must study the end. You don’t want to be the first to act, you want to be the last man standing.

-José Raúl Capablanca

Frequently, you’ll look at a business having fabulous results. And the question is how long can this continue? Well, there is only one way to answer that. And that’s to think about why the results are occurring now and then to figure out what could cause those results to stop occurring.

– Charlie Munger

There is one quality which one must possess to win, and that is definiteness of purpose, the knowledge of what one wants, and a burning desire to possess it.

– Napoleon Hill

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.

– Georges St. Pierre

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.

– GH Hardy

Learning occurs best when new information is incorporated gradually into the memory store rather than when it is jammed in all at once.

– John Medina

Value investing is at its core the marriage of a contrarian streak and a calculator.

– Seth Klarman

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.

– Steve Jobs

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.

– Jeff Bezos