Vic

“Einstein also recognized the power of simplicity, and it was the key to his breakthroughs in physics. He noted that the five ascending levels of intellect were, “Smart, Intelligent, Brilliant, Genius, Simple.” For Einstein, simplicity was simply the highest level of intellect.”
― Mohnish Pabrai, The Dhandho Investor: The Low-Risk Value Method to High Returns

“When I look back at the past and think of all the time I squandered in error and idleness, lacking the knowledge I needed to live; when I think of how I sinned against my heart and my soul, then my heart bleeds. Life is a gift, life is happiness … Every minute could have been an eternity of happiness! If youth only knew. Now my life will change, now I will be reborn.”
― Fyodor Dostoevsky

“People are trying to be smart—all I am trying to do is not to be idiotic, but it’s harder than most people think.”
― David Clark, Tao of Charlie Munger: A Compilation of Quotes from Berkshire Hathaway's Vice Chairman on Life, Business, and the Pursuit of Wealth With Commentary by David Clark

“The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.4 —Warren Buffett”
― Mohnish Pabrai, The Dhandho Investor: The Low-Risk Value Method to High Returns