“Unlike the position that exists in the physical sciences, in economics and other disciplines that deal with essentially complex phenomena, the aspects of the events to be accounted for about which we can get quantitative data are necessarily limited and may not include the important ones.” MayImportantDealsEventsPositionDisciplineAspectEconomicsComplexesDataPhenomenonPhysical Science Author:Friedrich August von Hayek
“A healthy person is not perfect but perfectible, not a done deal but a work in progress. Staying healthy takes discipline, work, and patience, which is why our life is a journey and perforce a heroic one.” PersonsDoneLife IsPerfectDealsOur LivesProgressJourneyDisciplineHealthyStayingHeroicNot PerfectWork In ProgressLife Is A JourneyHealthy Person Book:How to Be an Adult in Relationships: The Five Keys to Mindful Loving Source: How to Be an Adult in Relationships: The Five Keys to Mindful Loving
“Value investing requires a great deal of hard work, unusually strict discipline, and a long-term investment horizon. Few are willing and able to devote sufficient time and effort to become value investors, and only a fraction of those have the proper mind-set to succeed.” MindLongHardAbleValuesTermDealsEffortWillingHard WorkDisciplineSucceedInvestmentInvestingLong TermSufficientHorizonInvestorsStrictFractionsMind Set Author:Seth Klarman
“almost all American writers tend to overwrite, to tell too much. I get the disillusioned feeling that novels, today, are sold by the pound, like groceries. It actually takes a great deal more discipline to be able to leave out rather than to throw in everything. This means that you have to say in one sentence precisely what you mean, instead of saying sort of what you kind of mean in hundreds of sentences and hoping the sum total will add up.” KindMeanFeelingsTodayAbleDealsNovelToo MuchDisciplineAddSentencesPoundsGroceriesDisillusionedOne SentenceAmerican Writer Author:Rona Jaffe
“There could never be enough rules so finely crafted as to anticipate and cover every situation, and even if there were, enforcement would be impossibly expensive and burdensome. This approach leads to diminished freedom for everyone...In the end, it is only an internal moral compass in each individual that can effectively deal with the root causes as well as the symptoms of societal decay. Societies will struggle in vain to establish the common good until sin is denounced as sin and moral discipline takes its place in the pantheon of civic virtues.” IfsWellsEndsEnoughWould BeIndividualCausesSinDealsCommonSituationMoralStruggleVirtueDisciplineApproachRootsVainExpensiveInternalsDecayEnforcementSymptomsCompassAnticipateCivicsCommon GoodRoot CauseMoral CompassPantheonCivic Virtue Author:D. Todd Christofferson