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Quote by Michael Burry

“Early on, people invested in me because of my letters and then, somehow, after they invested, they stopped reading them.”

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Michael Burry

Michael Burry, born in 1971, is a mysterious investor. His career is filled with legends, although specific information is limited, his achievements and impact in the financial field are undeniable. more

“President Obama, when he was elected, he could have been a unifying figure. He could have chosen to be a leader on race relations and bring us together. And he hasn't done that, he's made decisions that I think have inflamed racial tensions that have divided us rather than bringing us together.”

Thinking Has Beens Made Done Together President Decision Race Leader Figures Relation Chosen Tension Divided President Obama Could Have Been Race Relations Unifying Racial Tension

Author:Ted Cruz

“All investors must come to terms with the relentless continuity of the investment process.”

Process Term Investment Investors Continuity Relentless

Author:Seth Klarman

“The strategy of buying what's in favor is a fool's errand, ensuring long-term underperformance. Only by standing against the prevailing winds - selectively, but resolutely - can an investor prosper over time. But for a while, a value investor typically underperforms.”

Long Values Term Wind Fool Standing Strategy Favors Long Term Buying Investors Prevailing Errands Underperformance

Author:Seth Klarman

“The way to maximize outcome is to focus on the process.”

Way Process Focus Outcomes

Author:Seth Klarman

“It is crucial that we develop real awareness of ourselves as citizens of Earth, linked by mutual and indissoluble bonds. When we clearly recognize this reality and ground ourselves in it, we are compelled to take a strict accounting of our way of life.”

Way Real Reality Earth Awareness Citizens Mutual Crucial Strict Linked Compelled Accounting

Author:Daisaku Ikeda

“It is important to remember that value investing is not a perfect science. It is an, with an ongoing need for judgment, refinement, patience, and reflection. It requires endless curiosity, the relentless pursuit of additional information, the raising of questions, and the search for answers. It necessitates dealing with imperfect information - knowing you will never know everything and that that must not prevent you from acting. It requires a precarious balance between conviction, steadfastness in the face of adversity, and doubt - keeping in mind the possibility that you could be wrong.”

“It's incredibly important to note that when you don't allow failure, you get more failure.”

Important Notes

Author:Seth Klarman

“Another thing I think should be avoided is extremely intense ideology because it cabbages up one's mind. You see it a lot with T.V. preachers (many have minds made of cabbage) but it can also happen with political ideology. When you're young it's easy to drift into loyalties and when you announce that you're a loyal member and you start shouting the orthodox ideology out, what you're doing is pounding it in, pounding it in, and you're gradually ruining your mind. So you want to be very, very careful of this ideology. It's a big danger.”

Thinking Want Should Mind Made Bigs Happens Young Political Easy Danger Members Careful Loyalty Intense Ideology Orthodox Loyal Preacher Avoided Shouting Cabbage Political Ideology

Author:Charlie Munger

Quote by Michael Burry

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