Anoosh

“What makes a decision great is not that it has a great outcome. A great decision is the result of a good process, and that process must include an attempt to accurately represent our own state of knowledge. That state of knowledge, in turn, is some variation of “I’m not sure.”
― Annie Duke, Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts

“Know what's worse than imaginary, Leon?"
"What?"
"Half-imaginary.”
― William Gibson

“A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.”
― Benjamin Graham, The Intelligent Investor

“What good poker players and good decision-makers have in common is their comfort with the world being an uncertain and unpredictable place. They understand that they can almost never know exactly how something will turn out. They embrace that uncertainty and, instead of focusing on being sure, they try to figure out how unsure they are, making their best guess at the chances that different outcomes will occur. The accuracy of those guesses will depend on how much information they have and how experienced they are at making such guesses. This is part of the basis of all bets.”
― Annie Duke, Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts