“I think Nature, if she interests herself much about her children, must often feel that, like the miserable Frankenstein, with her experimenting among the elements of humanity, she has brought beings into existence who have no business here; who can do none of her work, and endure none of her favours; whose life is only suffering; and whose action is one long protest against the ill foresight which flung them into consciousness.” IfsThinkingFeelsChildrenLongActionLife IsSufferingHumanityInterestCan DoExistenceConsciousnessElementsEndureIllMiserableProtestFavourForesight Book:The Nemesis of Faith Source: The Nemesis of Faith
“Develop success from failures. Discouragement and failure are two of the surest steppingstones to success. No other element can do so much for a man if he is willing to study them and make capital out of them. Look backward. Can't you see where your failures have helped you?” IfsMenLooksTwoCan DoStudyWillingElementsDiscouragement Author:Dale Carnegie
“There are only a few things investors can do to counteract risk: diversify adequately, hedge when appropriate, and invest with a margin of safety. It is a precisely because we do not and cannot know all the risks of an investment that we strive to invest at a discount. The bargain element helps to provide a cushion for when things go wrong.” KnowsHelpingCan DoRiskElementsSafetyInvestmentStriveInvestingAppropriateInvestorsMarginsBargainsDiscountsCushionsWhen Things Go Wrong Author:Seth Klarman