- Leave the world a better place than we found it, for all its inhabitants.
- The GOAL is Resilient Wealth Creation, not just get-rich-quick.
- High risk and high returns are not always correlated.
- Investing + Life is a marathon, not a sprint. If in doubt, zoom out.
- The pricing of risk goes through enormous cycles. Buy low, sell high.
- Be fearful when others are greedy and greedy when others are fearful.
- Beware of FOMO, return envy and chasing 10x returns.
- Be opportunity driven.
- All the market really cares about is where we are in the sentiment trend.
- Stocks follow earnings and (more importantly) free cash flow.
- Don’t allow yourself to have an opinion on anything that you don’t know the other side’s argument better than they do.
- If you don’t have a plan B you don’t have a plan.
- The art of being wise is the art of knowing what to overlook.
- To attain knowledge, add things every day. To attain wisdom, subtract things every day.
- “Pessimism makes you sound smart, optimism makes you money.”
- As someone on TV once said, “There’s always a bull market somewhere.”
