“I believe the writer... should always be the final judge. I have always held to that position and have sometimes seen books hurt thereby, but at least as often helped. The book belongs to the author.” ShouldBelieveBookSometimesI BelieveHurtPositionJudgingFinals Book:The Sons of Maxwell Perkins: Letters of F. Scott Fitzgerald, Ernest Hemingway, Thomas Wolfe, and Their Editor Source: The Sons of Maxwell Perkins: Letters of F. Scott Fitzgerald, Ernest Hemingway, Thomas Wolfe, and Their Editor
“The people who survive avoid snowball scenarios in which bad trades cause them to become emotionally destabilized and make more bad trades. They are also able to feel the pain of losing. If you don't feel the pain of a loss, then you're in the same position as those unfortunate people who have no pain sensors. If they leave their hand on a hot stove, it will burn off. There is no way to survive in the world without pain. Similarly, in the markets, if the losses don't hurt, your financial survival is tenuous.” PeopleIfsWorldWayFeelsHandsAblePainCausesHurtLossPositionSurvivalLosingHotTradeFinancialUnfortunateScenariosNo PainStovesWithout PainSnowballSensors Author:William Eckhardt
“John Kerry will undergo surgery to repair his right shoulder. He originally hurt it when he suddenly switched positions on Iraq.” HurtPositionIraqShouldersSurgeryJohn Kerry Author:Craig Kilborn
“If I need to help my team and play a different position for that game because somebody is hurt or they want to give a day off to somebody, I'll do it.” IfsWantNeedsGivingDifferentPlayHelpingGamesHurtTeamPositionDays Off Author:Albert Pujols
“It's always really challenging trying to go from player to player/coach. You have a kind of friendship basis of relationship with all of your teammates and now you go to this power position where you have to make decisions that might hurt people's feelings.” PeopleTryingKindFeelingsMightChallengesHurtDecisionPlayerPositionBasesCoachesTeammate Author:Abby Wambach
“I don't know how much things have changed. You still need to be able to run the ball, pick up blitzes and catch the ball out of the backfield. Perhaps you need a running back to do a little bit more or be more versatile today but that is a good thing. People say we get hurt and don't last as long, but it's still an important position and you need everyone in the backfield to be able to contribute.” PeopleKnowsNeedsLittlesLongStillsImportantRunningTodayAbleLastsBitsHurtKnow HowPositionChangedLittle BitPicksBallsGood ThingsThings Have ChangedVersatileRunning Back Author:Giovani Bernard
“Size will hurt returns. Look at Berkshire Hathaway - the last five things Warren has done have generated returns that are splendid by historical standards, but now give him $100 billion in assets and measure outcomes across all of it, it doesn't look so good. We can only buy big positions, and the only time we can get big positions is during a horrible period of decline or stasis. That really doesn't happen very often.” GivingLooksDoneBigsHappensLastsHurtFivePositionReturnPeriodsStandardsHistoricalSizeBillionsHorribleOutcomesAssetsDeclineOnly TimeSplendidStasis Author:Charlie Munger
“We oppose all corporate welfare, whether we benefit or not. You will find that our policy positions mainly hurt our profitability rather than help it.” HelpingHurtPolicyPositionBenefitsCorporateWelfareProfitability Author:Charles Koch