“We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light.”
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“The fact that a thesis is flawed does not mean that we should not invest in it as long as other people believe in it and there is a large group of people left to be convinced. The point was made by John Maynard Keynes when he compared the stock market to a beauty contest where the winner is not the most beautiful contestant but the one whom the greatest number of people consider beautiful. Where I have something significant to add is in pointing out that it pays to look for the flaws; if we find them, we are ahead of the game because we can limit our losses when the market also discovers what we already know. It is when we are unaware of what could go wrong that we have to worry.”
― The Alchemy of Finance
― The Alchemy of Finance
“There are two different types of people in the world, those who want to know, and those who want to believe.”
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“If we believe in nothing, if nothing has any meaning and if we can affirm no values whatsoever, then everything is possible and nothing has any importance.”
― The Rebel
― The Rebel
Ali’s 2025 Year in Books
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