Rohit > Rohit's Quotes

“Take as much risk as you can afford. In an efficient market, risk is proportionate to reward, so don't look for certainty, but for a bet with high expected value. If you're not failing occasionally, you're probably being too conservative”
― Paul Graham

“Take a simple idea and take it seriously.”
― Charlie Munger

“Anyone who claims to have found laws of business physics either
understands little about business, or little about physics, or both.”
― Unknown

“There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age?”
― Warren Buffett

“Keep your mouth shut and let the other side talk themselves into a corner.”
― Unknown

“Success breeds hubris, and hubris breeds disaster”
― Unknown

“If you don’t know who the sucker in the negotiation is, it’s probably you.”
― Charlie Munger

“Misery is wasted on the miserable.”
― Louis C.K.

“All of humanity's problems stem from man's inability to sit quietly in a room alone.”
― Blaise Pascal, Pensées

“Risk comes from not knowing what you're doing”
― Warren Buffett

“Live dangerously.”
― Nietzche

“We are all born ignorant, but one must work hard to remain stupid.”
― Benjamin Franklin

“He who wishes to be rich within a day, will be hanged within a year.”
― Leonardo da Vinci

“In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time -- none, zero. You'd be amazed at how much Warren reads--and at how much I read. My children laugh at me. They think I'm a book with a couple of legs sticking out.”
― Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

“Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day-if you live long enough-like most people, you will get out of life what you deserve.”
― Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

“We both (Charlie Munger and Warren Buffett) insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.”
― Charles T. Munger

“Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group…then to hell with them.”
― Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

“Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.”
― Charles T. Munger, Charlie Munger: The Complete Investor

“Envy is a really stupid sin because it’s the only one you could never possibly have any fun at. There’s a lot of pain and no fun. Why would you want to get on that trolley?”
― Charles T. Munger, Charlie Munger: The Complete Investor

“The iron rule of nature is: you get what you reward for. If you want ants to come, you put sugar on the floor.”
― Charlie Munger

“How to find a good spouse?
-the best single way is to deserve a good spouse.”
― Charles T. Munger, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

“Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you. You think about it; it’s true. If you hire somebody without [integrity], you really want them to be dumb and lazy.”
― Warren Buffett

“The most important thing to do if you find yourself in a hole is to stop digging.”
― Warren Buffett

“The difference between successful people and really successful people is that really successful people say no to almost everything.”
― Warren Buffett

“No matter how great the talent or efforts, some things just take time. You can't produce a baby in one month by getting nine women pregnant.”
― Warren Buffett

“Once you become sensitized to it, you see regression everywhere”
― Daniel Kahneman

“You only have to do a very few things right in your life so long as you don't do too many things wrong.”
― Warren Buffett

“When the choice involves losses, we are risk-seekers, not risk-averse.”
― Daniel Kahneman

“If the situation is framed in a way that emphasizes a loss compared to your starting point, you might avoid the risk—even if the final amount would still be more than what you currently have. Conversely, if the risk is presented as a chance to gain relative to your current position, you might be more willing to take it.”
― Daniel Kahneman

“Any good strategy involves risk. If you think your strategy is foolproof, the fool may well be you.”
― Philip M. Rosenzweig, The Halo Effect: ... and the Eight Other Business Delusions That Deceive Managers