Even repeated forecasting failure will not deter the unachievable pursuit of prescience, because our nature demands it.
– Alan Greenspan
Even repeated forecasting failure will not deter the unachievable pursuit of prescience, because our nature demands it.
– Alan Greenspan
Nothing in life matters quite as much as you think it does while you are thinking about it.
You cannot dream yourself into a character; you must hammer and forge yourself one.
What an investor needs is the ability to correctly evaluate selected businesses. Note that word “selected”: You don’t have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.
The essence of power, even in a democracy, is to use violence to protect the republic.
Of the three main activities involved in scientific research, thinking, talking and doing, I much prefer the last and am probably best at it. I am all right at the thinking, but not much good at the talking.
Success is not final, failure is not fatal. It is the courage to continue that counts.
It is hard to think that a $2 billion company with 4,300-plus people couldn’t compete with six people in blue jeans.