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“Three times a year, theres Strategicon convention, and I go for the board games. It happens Presidents Day, Labor Day, and Memorial Day weekends. You go and take a look at the new board games and meet a couple of board game designers, and you can check out games you dont own from the library and then return them.”

“Sport is a seductive metaphor (life as a game in which we gain victory through hard work, discipline, and visualizing success). but the older metaphor of farming (life as hard labor that is subject to weather and quirks of blind fate and may return no reward whatsoever and don't be surprised) is still in our blood.”

“Experience conclusively shows that index-fund buyers are likely to obtain results exceeding those of the typical fund manager, whose large advisory fees and substantial portfolio turnover tend to reduce investment yields. Many people will find the guarantee of playing the stock-market game at par every round a very attractive one. The index fund is a sensible, serviceable method for obtaining the market's rate of return with absolutely no effort and minimal expense.”

“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.”

“Finding a single investment that will return 20% per year for 40 years tends to happen only in dreamland. In the real world, you uncover an opportunity, and then you compare other opportunities with that. And you only invest in the most attractive opportunities. That's your opportunity cost. That's what you learn in freshman economics. The game hasn't changed at all. That's why Modern Portfolio Theory is so asinine.”

“From the place by the railing at the edge of the tracks on the summer evening I return across the city to my own room. I am vividly aware of my own life that escaped the winter on the boat. How many such lives I have lived. Then I only made a dollar and a half a day and now I sometimes make more than that in a few minutes. How wonderful to be able to write words. ... Again I begin the endless game of reconstructing my own life, jerking it out of the shell that dies, striving to breathe into it beauty and meaning. ... I wonder why my life, why all lives, are not more beautiful.”

“To our brothers and sisters in harm’s way, we say that we pray for you. We pray that the Lord will watch over you and preserve you from injury and that you may return home and pick up your lives again. We know that you are not in that land of blowing sand and brutal heat because you enjoy the games of war. The strength of your commitment is measured by your willingness to give your very lives for that in which you believe.”