Author: LINUS FERNANDES
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Charlie Munger: Success
“It’s so simple: you spend less than you earn. Invest shrewdly. Avoid toxic people and toxic activities. Try to keep learning all your life. And do a lot of deferred gratification. If you do all those things, you are almost certain to succeed. And if you don’t, you’ll need a lot of luck. And you…
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John Carmack: Secret to optimization
“The secret to optimization is changing the problem to make it easier to optimize” ––John Carmack.
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John Carmack: Not a zero-sum game
“Programming is not a zero-sum game. Teaching something to a fellow programmer doesn’t take it away from you. I’m happy to share what I can, because I’m in it for the love of programming.” — John Carmack.
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J B S Haldane: Insult to some god
“There is no great invention, from fire to flying, which has not been hailed as an insult to some god.” —J.B.S. Haldane.
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Steve Maguire: Don’t bury error codes
“Make it hard to ignore error conditions. Don’t bury error codes in return values.” —Steve Maguire.
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Jim Chanos: Opinions based on facts
“Stock prices are opinions based on facts…. Whether they’re positive facts or negative facts, if you’re a good investor, it behooves you to hear both sides of any story.” —Jim Chanos.
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Sallust: Less shameful
“It is less shameful for a king to be overcome by force of arms than by bribery.” —Sallust.
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Elizabeth Ashley: Great romance
“In a great romance, each person basically plays a part that the other really likes.” —Elizabeth Ashley.
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Mikko Hypponen: Rarely
“Rarely is anyone thanked for the work they did to prevent the disaster that didn’t happen.” —Mikko Hypponen.
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Annie Laurie Gaylor: Cemeteries
“Our cemeteries are full of people who prayed to live.” —Annie Laurie Gaylor.
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Peter Cundill: Valuation
“There’s an old investment saying — which I think is a good one: ‘Valuation defines level of risk. It doesn’t help with timing.’” —Peter Cundill.
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Stephen Crane: Sense of obligation
‘A man said to the universe: “Sir, I exist!” “However,” replied the universe, “The fact has not created in me a sense of obligation.”‘ —Stephen Crane.
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Kevin Henney: Common fallacy
“A common fallacy is to assume authors of incomprehensible code will be able to express themselves clearly in comments.” —Kevlin Henney.
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Ingrid Bengis: Form of action
“For me, words are a form of action, capable of influencing change.” —Ingrid Bengis.
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Mark Twain: His last breath
“Each person is born to one possession which out-values all his others—his last breath.” —Mark Twain.
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Ezra Pound: Leisure in which to work
“The only thing one can give an artist is leisure in which to work. To give an artist leisure is actually to take part in his creation.” —Ezra Pound.
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Nassim Taleb: Redundancy
“Layers of redundancy are the central risk management property of natural systems…. Redundancy is ambiguous because it seems like a waste if nothing unusual happens. Except that something unusual happens—usually.” —Nassim Taleb.
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Matthew Perry: Was there nothing worth fighting for?
“Do you know what St. Peter says to everyone who tries to get into heaven?Peter says, ‘Don’t you have any scars?’ And when most would respond proudly, ‘Well, no, no I don’t,’ Peter says, ‘Why not? Was there nothing worth fighting for?’” —Matthew Perry.
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Matthew Perry: Real prince charming
“I used to be a real prince charming if I went on a date with a girl. But then I’d get to where I was likely to have a stroke from the stress of keeping up my act. I’ve since learned the key to a good date is to pay attention on her.” —Matthew Perry.
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Edward Stevenson: Awful mess
“While it may be true that a watched pot never boils, the one you don’t keep an eye on can make an awful mess of your stove.” —Edward Stevenson.
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Paul Erdös: Mathematician
“A mathematician is a device for turning coffee into theorems.” —Paul Erdös.
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Sylvia Plath: All is born again
“I shut my eyes and all the world drops dead; I lift my eyes and all is born again.” —Sylvia Plath.
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Howard Marks: Good luck
“The investment environment greatly influences outcomes. To wring high returns from a low-return environment requires the ability to swim against the tide and find the relatively few winners. This must be based on some combination of exceptional skill, high risk bearing and good luck.” —Howard Marks.
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Hillary Clinton: Lift each other up
“None of us gets through life alone. We all have to look out for each other and lift each other up.” —Hillary Clinton.
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Paul Graham: Best new ideas
“The best new ideas always have unanticipated benefits. So it’s stupid to require people who want to do new things to enumerate the benefits beforehand. The best you can do is choose smart people and then trust their intuitions about what’s worth exploring.” —Paul Graham.
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Pablo Picasso: Every child is an artist
“Every child is an artist. The problem is how to remain an artist once he grows up.” —Pablo Picasso.
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Peter Thiel: Minnow in a vast ocean
“Once you’re a minnow in a vast ocean, that’s not a good place to be. It means you have tons of competitors, and you don’t even know who all of the competitors are.” —Peter Thiel.
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Brenda Ueland: Inspiration
“Inspiration does not come like a bolt, nor is it kinetic, energetic striving, but it comes into us slowly and quietly and all the time, though we must regularly and every day give it a little chance to start flowing, prime it with a little solitude and idleness.” —Brenda Ueland.
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David Swensen: Fundamentally uncomfortable
“In many instances, value investing proves fundamentally uncomfortable, as the most attractive opportunities frequently lurk in unattractive or even frightening places.” —David Swensen.
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Emily Kimbrough: Go hand in hand
“Remember, we all stumble, every one of us. That’s why it’s a comfort to go hand in hand.” —Emily Kimbrough.
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Scott Galloway: Try hard
“The world is not yours for the taking, but for the trying. Try hard.” —Scott Galloway.
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Jean-Marie Eveillard: Value investing
“Most people are not cut out for value investing, because human nature shrinks from pain.” —Jean-Marie Eveillard.
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Ralph Waldo Emerson: Preparation for victories
“Men succeed when they realize that their failures are the preparation for their victories.” —Ralph Waldo Emerson.
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Richard Wiseman: Lucky people
“Lucky people are more relaxed and open, and therefore see what is there rather than just what they are looking for.” —Richard Wiseman.
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Brian Chesky: Culture
“The habits you have when you’re three people—subtle habits like what time do you get up, what time do you go to bed, do you do these things together, do you communicate—extremely subtle habits became the habitual habits of thousands of people. And when a thousand people do something a thousand times, that’s your culture.”…
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James Dent: Intelligence versus wisdom
“Intelligence is when you spot the flaw in your boss’s reasoning. Wisdom is when you refrain from pointing it out.” —James Dent.
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Confucius: It does not matter
“It does not matter how slowly you go as long as you do not stop.” —Confucius.
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Warren Buffett: No strategic planning department
“We have no predetermined course of action whatsoever at Berkshire. We have no strategic planning department. We don’t have any strategic plan. We react to what we think are opportunities.” —Warren Buffett.
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Logan Pearsall Smith: What he whispers
“What I like in a good author isn’t what he says, but what he whispers.” —Logan Pearsall Smith.
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Martin J Whitman: Value investors
“When securities prices decline, an investor’s perspective can go in one of two directions. The vast majority of investors view a price decline as a loss of value. This has a basis in reality for those who are traders, those whose portfolios are financed with borrowed money, and those who have little or no knowledge…
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Hannah More: Absence in love
“Absence in love is like water upon fire; a little quickens, but much extinguishes it.” —Hannah More.
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Arthur Miller: Don’t be seduced
“Don’t be seduced into thinking that that which does not make a profit is without value.” —Arthur Miller.
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Josh Watzkin: Downward spiral
“One idea I taught was the importance of regaining presence and clarity of mind after making a serious error. This is a hard lesson for all competitors and performers. The first mistake rarely proves disastrous, but the downward spiral of the second, third, and fourth error creates a devastating chain reaction.” —Josh Watzkin.
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Oscar Wilde: Because a man dies for it
“A thing is not necessarily true because a man dies for it.” —Oscar Wilde.
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Howard Marks: Heady times
“In heady times, capital is devoted to innovative investments, many of which fail the test of time. Bullish investors focus on what might work, not what might go wrong. Eagerness takes over from prudence, causing people to accept new investment products they don’t understand. Later, they wonder what they could have been thinking.” —Howard Marks.
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Anne Lamott: Perfectionism
“Perfectionism is the voice of the oppressor, the enemy of the people. It will keep you cramped and insane your whole life, and it is the main obstacle between you and a shitty first draft.” —Anne Lamott.
