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the most important distinction in the investment world does not separate individuals and institutions; the most important distinction divides those investors with the ability to make high quality active management decisions from those
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“When you look at the results on an after-fee, after-tax basis, over reasonably long periods of time, there's almost no chance that you end up beating the index fund.”
― Unconventional Success: A Fundamental Approach to Personal Investment
― Unconventional Success: A Fundamental Approach to Personal Investment
“You will become way less concerned with what other people think of you when you realize how seldom they do.”
― Infinite Jest
― Infinite Jest
“Everything I’ve ever let go of has claw marks on it.”
―
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“What is the sign of every literary decadence? That life no longer dwells in the whole. The word becomes sovereign and leaps out of the sentence, the sentence reaches out and obscures the meaning of the page, the page gains life at the expense of the whole—the whole is no longer a whole.”
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“Do you have the patience to wait
Till your mud settles and the water is clear?
Can you remain unmoving
Till the right action arises by itself?”
―
Till your mud settles and the water is clear?
Can you remain unmoving
Till the right action arises by itself?”
―
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