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Results Quotes

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Results 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.”

“It can be shown that maximum diversification is achieved by holding each stock in proportion to its value to the entire market (italics added)... Hindsight plays tricks on our minds... often distorts the past and encourages us to play hunches and outguess other investors, who in turn are playing the same game. For most of us, trying to beat the market leads to disastrous results... our actions lead to much lower returns than can be achieved by just staying in the market.”

“Even after rowing in all these pieces, it's often hard to determine who will be selected because the decisive factor in seat racing is speed not margin. Boat X beats boat Y by two lengths over 1000 meters in a time of 2:54. After exchanging "Dave" from X to Y for "Scott," Boat X beats boat Y by one length in a time of 2:51. From the rower's perspective, the result is that Dave beats Scott by a length. But in Mike's eyes, Scott beats Dave because on the second piece, X was three seconds faster-even though it only beat Y by a length.”