“One metric catches people. We prefer businesses that drown in cash. An example of a different business is construction equipment. You work hard all year and there is your profit sitting in the yard. We avoid businesses like that. We prefer those that can write us a check at the end of the year.” PeopleWritingYearsDifferentEndsHardExampleHard WorkSittingProfitChecksConstructionCashYardsEquipmentMetrics Author:Charlie Munger
“One day, a new ideal will arise, and there will be an end to all wars. I die convinced of this. It will need much hard work, but it will be achieved The important thing, until that happens, is to hold one's banner high and to struggle Without struggle there is no life.” NeedsImportantWarEndsHardHappensDiesPeaceStruggleHard WorkOne DayIdealsImportant ThingsConvincedAriseBanner Author:Kathe Kollwitz
“The whole strenuous intellectual work of an industrious research worker would appear, after all, in vain and hopeless, if he were not occasionally through some striking facts to find that he had, at the end of all his criss-cross journeys, at last accomplished at least one step which was conclusively nearer the truth.” IfsEndsWholeFactsLastsScienceStepsJourneyHard WorkIntellectualResearchCrossesWorkersVainAccomplishmentAccomplishedHopelessIndustrious Author:Max Planck