— What the science of human nature can teach us : The New Yorker ‘I guess I used to think of myself as a lone agent, who made certain choices and established certain alliances with colleagues and friends,’ he said. ‘Now, though, I see things differently. I believe we inherit a great river of knowledge, …
Bill Bonner We begin by clarifying our own view of politics. In a few words: We’re against it. We’re not for abstract “liberty” or “democracy” or any of the “-isms.” We just don’t like anyone telling us what to do. Politics is telling other people what to do. It is one part self-deception, one part …
– Dan Ferris It’s also important to note the biggest source of risk to any investment in publicly traded securities is YOU. Humans are designed to avoid being eaten by bears and reproduce as often as possible, not to buy stocks when they’re cheap and hold on through the market’s ups and downs. Investing is …
Somerset Maugham (British novelist, 1874 – 1965) If 40 million people say a foolish thing, it does not become a wise one.”
— Li Lu Finding an edge really only comes from a right frame of mind and years of continuous study. But when you find those insights along the road of study, you need to have the guts and courage to back up the truck and ignore the opinions of everyone else. “
Dan Ferris The reward for a correct call against the crowd (a pat on the back) is eclipsed by the punishment for a bad call against the crowd (unemployment). “