Sankara

“Lucent’s stock, at $51.062 on June 30, 2000, finished 2002 at $1.26—a loss of nearly $190 billion in market value in two-and-a-half years.”
― Benjamin Graham, The Intelligent Investor

“If you’re pitching your boss to let you work from home a few days a week, a common rebuff is how envious your coworkers would be if you were granted this special privilege. Why, it simply wouldn’t be fair! We all need to be equally, miserably unproductive at the office and suffer in unity!”
― Jason Fried, Remote: Office Not Required

“But there’s a cheaper way to enjoy the con, and that is to take advantage of all the other factors that “trick” us into enjoying wine more. Like Troy Carter, you can ride to Napa and walk the vineyards before you buy a bottle. If you don’t live near wine country, you can talk to the manager of a wine store about the wines she loves. A nice pair of wine glasses, candles, and a picnic in a beautiful park all lend wine a refined air. All these strategies take advantage of the psychological biases that lead us to enjoy the same wine more than we would in other circumstances. And they do so without the rarefied price tag.”
― Priceonomics, Everything Is Bullshit: The greatest scams on Earth revealed

“Many Internet IPOs rose 1,000% or more in 1999 and early 2000; most of them lost more than 95% in the subsequent three years. How could these early gains earned by a few investors justify the massive destruction of wealth suffered by the millions who came later? Many IPOs were, in fact, deliberately underpriced to “manufacture” immediate gains that would attract more attention for the next offering.”
― Benjamin Graham, The Intelligent Investor