“The difference between me and people like Murray Rothbard is that, though I want to know what my ideal is, I think I also have to be willing to discuss changes that are less than ideal so long as they point me in that direction.” PeopleThinkingKnowsWantLongDifferencesWillingIdealsInvesting Author:Milton Friedman
“Many businesses fail because the owner wasn't willing to invest and wasn't educated on the difference between spending money frivolously and investing money into the business for growth, and the risks and rewards of that cash infusion.” GrowthDifferencesFailingRiskWillingRewardsInvestingSpendingEducatedOwnersCashSpending MoneyInvesting MoneyInfusionRisk And Reward Author:Carol Roth
“In an economy, an act, a habit, an institution, or a law, gives birth not only to an effect, but to a series of effects. Of these effects, the first only is immediate; it manifests itself simultaneously with its cause - it is seen. The others unfold in succession - they are not seen. Now this difference is enormous, for it is often true that when the immediate consequence is favorable, the ultimate consequences are fatal, and the converse.” GivingFirstsLawCausesDifferencesEconomyEffectsBirthHabitConsequenceUltimateInstitutionsSeriesInvestingEnormousSuccessionConverses Author:Frederic Bastiat
“Don't be a perfectionist, because perfectionists often spend too much time on little differences at the margins at the expense of other big, important things. Be an effective imperfectionist. Solutions that broadly work well (e.g., how people should contact each other in the event of crises) are generally better than highly specialized solutions (e.g., how each person should contact each other in the event of every conceivable crisis).” PeopleLifeShouldWellsLittlesPersonsImportantBigsGrowthDifferencesToo MuchEventsSolutionsCrisisImportant ThingsPersonal GrowthInvestingContactExpensesMarginsPerfectionist Author:Ray Dalio
“People who excel at book learning tend to call up from memory what they have learned in order to follow stored instructions. Others who are better at internalized learning use the thoughts that flow from their subconscious. The experienced skier doesn't recite instructions on how to ski and then execute them; rather, he does it well "without thinking," in the same way he breathes without thinking. Understanding these differences is essential.” PeopleThinkingWayLifeWellsDoeBookUseOrderUnderstandingGrowthDifferencesMemoriesEssentialsFlowPersonal GrowthInvestingBreatheInstructionSubconsciousSkisSkiersBook Learning Author:Ray Dalio