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Havens Quotes

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Havens Quotes

“I, Tivadar Kosztka, who gave up his prime of youth for the rebirth of the world, accepting the call of the invisible Spirit, had a regular civil job, comfort, wealth then... Going to Paris in 1907 I oppositely standed alone in front of millions with only the result of the divine providence, and I beat the vanity of the world hollow, but I haven't killed 10 million people, only sobered them. I haven't made commercials from things, because I didn't care for the pedlar's press; I retired from the world instead, going to the top of the Lebanons, and I painted cedars.”

“As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't done enough research into any of their companies. If managers have 200 positions, do you think they know what's going on at any one of those companies at this moment?”