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  • Change, Cash and Balance

    I have always understood that the world changes a lot. Just because you’re doing well now doesn’t mean you should be set in your ways. It’s my habit that I am very careful with my cash flow. That I means I have the extra capital to get into another industry whenever I want to. Cash flow is the most important thing. I have this principle: in the development phase, don’t forget about stability. When there’s stability, don’t forget about development. Such a balance is very important.

    – Li Ka-Shing

    July 3, 2016
  • Gell-Mann Amenesia Effect

    June 29, 2016
  • Entry Point

    – Seth Klarman

    June 24, 2016
  • Scientific Understanding

    Having a scientific understanding of the world is fundamentally about how you judge which information to trust.

    – Atul Gawande

    June 16, 2016
  • Fundamentals vs Expectations

    – Michael Mauboussin

    June 15, 2016
  • Curiosity

    People who are curious are going to be better investors and better stewards of others’ money. If there’s no curiosity, you’re basically doing something that’s already been done by someone else.

    – Henry Kravis

    June 14, 2016
  • Successive Approximations

    A scientist has a healthy skepticism, suspended judgement, and disciplined imagination…the scientist explains the world by successive approximations.

    – Edwin Hubble

    June 11, 2016
  • Product Development

    Steve Jobs on product development

    June 10, 2016
  • Ammunition and Barrels

    – Keith Rabois

    June 6, 2016
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