Damon Runyon

The race doesn’t always go to the swift nor the battle to the strong. But that’s the way to bet.

Clayton M. Christensen

Allocation choices can make your life turn out to be very different from what you intended. Sometimes that’s good: Opportunities that you never planned for emerge. But if you misinvest your resources, the outcome can be bad. As I think about my former classmates who inadvertently invested for lives of hollow unhappiness, I can’t help believing that their troubles relate right back to a short-term … [ Read more ]

William James

The art of being wise is the art of knowing what to overlook

Nassim Nicholas Taleb

Being right, knowing how to define things, understanding the difference between what is true and false: None of this is the point. What is important is to understand the results of events, not the events themselves. Real intelligence lies not in the individual, but in the evolutionary process — the ongoing process of trial-and-error. In this process, options (essentially, the freedom to experiment with uncertainty) … [ Read more ]

Stephen Covey

I believe that a life of integrity is the most fundamental source of personal worth. I do not agree with the popular success literature that says that self-esteem is primarily a matter of mind set, of attitude—that you can psych yourself into peace of mind. Peace of mind comes when your life is in harmony with true principles and values and in no other way. … [ Read more ]

Michael E. Raynor

We shouldn’t take the view that we need a single narrative that unifies our experiences. Rather, we should carry multiple narratives simultaneously, continuously updating our estimates of the contours of each and our assessments of which is most likely to be right as new data points become available. Need to understand why your company is successful? Entertain the possibility that you’ve just been lucky, as … [ Read more ]

Hippocrates

Life is short, Art long, Occasion sudden and dangerous, Experience deceitful, and Judgment difficult.

Life is short, art long, opportunity fleeting, experience misleading and judgment difficult.

Warren E. Buffett

Be fearful when others are greedy, and be greedy when others are fearful.

Edith Wharton

There are only two ways of spreading light—to be the candle or the mirror that reflects it.

Mohandas Gandhi

Live as if you were to die tomorrow. Learn as if you were to live forever.

Warren Buffett

Conventional wisdom is often long on convention and short on wisdom.

Dee Hock

Substance is enduring, form is ephemeral. Failure to distinguish clearly between the two is ruinous. Success follows those adept at preserving the substance of the past by clothing it in the forms of the future.

Charlie Munger

The safest way to get what you want is to deserve what you want.

Charlie Munger

I have what I call an iron prescription that helps me keep sane when I naturally drift toward preferring one ideology over another and that is: I say that I’m not entitled to have an opinion on this subject unless I can state the arguments against my position better than the people who support it. I think only when I’ve reached that state am I … [ Read more ]

Charlie Munger, A.E. Houseman

The thoughts of others
Were light and fleeting,
Of lovers’ meeting
Or luck or fame.
Mine were of trouble,
And mine were steady,
So I was ready
When trouble came.
– A.E. Houseman

You can say, who wants to go through life anticipating trouble? Well I did. All my life I’ve gone through life anticipating trouble. And here I am, going along in my 84th year and like Epectitus, I’ve had a … [ Read more ]

John W. Lewis

Youth is not a time of life – it is a state of mind; it is a temper of the will, a quality of the imagination, a vigor of the emotions, a predominance of courage over timidity, of the appetite for adventure over love of ease.

Nobody grows old by merely living a number of years; people grow old only by deserting their ideals. Years … [ Read more ]

Konosuke Matsushita

Gratitude for blessings is the most exalted of all virtues. The measure of one’s existence is enhanced in proportion to the strength of his spirit of gratitude.

We all feel some degree of gratitude. I have always thought that young people who feel strongly the sense of gratitude are the ones who will grow and accomplish the most.

Hugh McCloskey Evans III

If we trust only when trust is warranted, love only when love is returned, learn only when learning is valuable, we abandon an essential feature of our own humanness-our willingness to act from our conception of who we are, regardless of the consequences.

Unknown / Roy H. Williams

Intelligent folks learn from their own mistakes; wise folks learn from the mistakes of others.

John Mayer

“Everything happens for a reason” is no reason not to ask myself if I am living it right.