Hossam Khalid

“The reason we are not in high-tech businesses is that we have a special lack of aptitude in that area. And, yes—low-tech business can be plenty hard. Just try to open a restaurant and make it succeed. … Why should it be easy to get rich? In a competitive world, shouldn’t an easy way to get rich be impossible. —CHARLIE MUNGER, WESCO MEETING, 1998”
― Tren Griffin, Charlie Munger: The Complete Investor

“constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up, and boy, does that help, particularly when you have a long run ahead of you. … So if civilization can progress only with an advanced method of invention, you can progress only when you learn the method of learning. Nothing has served me better in my long life than continuous learning. I went through life constantly practicing (because if you don’t practice it, you lose it) the multidisciplinary approach and I can’t tell you what that’s done for me. It’s made life more fun, it’s made me more constructive, it’s made me more helpful to others, and it’s made me enormously rich. You name it, that attitude really helps. —CHARLIE MUNGER, USC LAW SCHOOL, 2007”
― Tren Griffin, Charlie Munger: The Complete Investor

“To make money they didn’t have and didn’t need, they risked what they did have and did need. And that’s foolish. It is just plain foolish. If you risk something that is important to you for something that is unimportant to you, it just does not make any sense.”
― Morgan Housel, The Psychology of Money

“I think the correct path for everybody else is to specialize and get very good at something that society rewards, and then to get very efficient at doing it. But even if you do that, I think you should spend 10 to 20 percent of your time [on] trying to know all the big ideas in all the other disciplines”
― Gautam Baid, The Joys of Compounding: The Passionate Pursuit of Lifelong Learning, Revised and Updated