66 books
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16 voters
The market can and will at times be completely deranged and irrational in the short term, but over the long term it will price securities in line with their underlying intrinsic values.
“Live in New York City once, but leave before it makes you hard. Live in Northern California once, but leave before it makes you soft”
― Wear Sunscreen: A Primer for Real Life
― Wear Sunscreen: A Primer for Real Life
“Sapiens can cooperate in extremely flexible ways with countless numbers of strangers. That’s why Sapiens rule the world, whereas ants eat our leftovers and chimps are locked up in zoos and research laboratories.”
― Sapiens: A Brief History of Humankind
― Sapiens: A Brief History of Humankind
“There are no gods in the universe, no nations, no money, no human rights, no laws, and no justice outside the common imagination of human beings.”
― Sapiens: A Brief History of Humankind
― Sapiens: A Brief History of Humankind
“Ever since the Cognitive Revolution, Sapiens have thus been living in a dual reality. On the one hand, the objective reality of rivers, trees and lions; and on the other hand, the imagined reality of gods, nations and corporations. As time went by, the imagined reality became ever more powerful, so that today the very survival of rivers, trees and lions depends on the grace of imagined entities such as the United States and Google.”
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Chartbooks
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— last activity May 03, 2012 11:15AM
Tracking what we've read, what we're reading, and what we want to read next. ...more
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