Anand Kumar

“For engineering talent Clark looked to Silicon Graphics. In particular he had his sights on the Indian engineers who had taught him to write the code for his boat and then built the interactive television. Clark had a thing for Indians. “The Indian outcasts of Silicon Valley,” he usually called them; “my Indian hordes,” in less sober moments. He thought of the young Indian men who had taught him the tools he needed to program his sailboat as some of the sharpest technical minds he’d ever encountered. “As a concentrated group,” he said, “they were the most talented engineers in the Valley…and they work their butts off!” As it happened, the Indian education system had been built to find and to cultivate precisely those skills Clark, and people like Clark, valued most.”
― Michael Lewis, The New New Thing: A Silicon Valley Story

“We all act silly with our money, and that includes me, as well. If you want to find the investors most prone to these human investing biases, that’s easy. They are the ones who are bragging about their investment performance and don’t know they are acting silly with their nest eggs.”
― Allan S. Roth, How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn

“Although both 0.1% and 1% look like small numbers, paying 1% versus 0.1% makes a big difference over one’s lifetime. If you invest $10,000 a year for 40 years, and you pay 1% a year versus 0.1% a year, all else being equal, you’ll have 20% less at the end of 40 years.”
― Harry Sit, My Financial Toolbox: The Nuts and Bolts of Managing Your Money

“Some investors won’t go with broad indexing because we know it has zero chance of outperforming the market. If we framed the decision that indexing must beat the average return of a dollar invested, we are far more likely to invest in the broad index.”
― Allan S. Roth, How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn