Dan Bldrsbts

“The intelligent investor realizes that stocks become more risky, not less, as their prices rise—and less risky, not more, as their prices fall. The intelligent investor dreads a bull market, since it makes stocks more costly to buy. And conversely (so long as you keep enough cash on hand to meet your spending needs), you should welcome a bear market, since it puts stocks back on sale. 8”
― Benjamin Graham, The Intelligent Investor

“After meticulously analyzing videos of 185 venture capital presentations — looking at both verbal and nonverbal behavior — Lakshmi ended up with results that surprised her: the strongest predictor of who got the money was not the person’s credentials or the content of the pitch. The strongest predictors of who got the money were these traits: confidence, comfort level, and passionate enthusiasm.”
― Amy Cuddy, Presence: Bringing Your Boldest Self to Your Biggest Challenges

“Marriages, even the best ones—perhaps especially the best ones—are an ongoing process of spoken and unspoken forgiveness. •”
― Dalai Lama XIV, The Book of Joy: Lasting Happiness in a Changing World

“We compare what we have with what other people have. Poverty, then, is relative—that’s not to say it isn’t a very bad/uncomfortable/life-shortening/fatal position to be in, just that it’s not an absolute. What it means to be “poor” changes through time and across the world—as does what it means to be “rich,” “well off,” or merely “comfortable” (though what it means to be “starving” is flatly invariable). In terms of toasters, if everyone else has a toaster and I don’t, well, I’ll feel a bit deprived, and I’ll go and buy a toaster if I can afford it. The fact that wealth is relative is, I think, one thing that drives the economy. It’s not that people have “infinite wants” (as economists traditionally claim), just that no one wants to be at the poor end of the scale.”
― Thomas Thwaites, The Toaster Project: Or A Heroic Attempt to Build a Simple Electric Appliance from Scratch