Warren Buffet's favorite line is: "Be fearful when others are greedy and greedy when others are fearful."
Warren Buffet is frustrated. He wants to make an "elephant-sized" investment, but for the notoriously frugal investor, stocks are priced too high to justify it.
Innovation has one key thing in common with investing: the winners make smart, non-consensus bets.
The best advice I have ever received is so simple it is silly: invest in yourself.
“No governance system of principles, rules, and checks and balance can substitute for a **great partnership.**” — Ray Dalio
there is incredible power in the idea of “ownership” — stocks, buildings, companies, etc. we cannot create wealth when our money is linked to hours worked.
In the world of silly apps and man-boy hoodies, fundraising has become a badge of honor.
In 1869, a guy named Marcus opened a small business to purchase promissory notes in New York City. More than a decade later, Marcus recruited his son, Henry, and his son-in-law, Samuel Sachs. They formed Goldman Sachs.