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Running Quotes

“Whenever we pride ourselves upon finding a newer, stricter way of thought or exposition we lose something of the ability to think new thoughts. And equally, of course, whenever we rebel against the sterile rigidity of formal thought and exposition and let our ideas run wild, we likewise lose. As I see it, the advances in scientific thought come from a combination of lose and strict thinking, and this combination is the most precious tool of science.”

“If a betting game among a certain number of participants I played long enough, eventually one player will have all the money. If there is any skill involved, it will accelerate the process of concentrating all the stakes in a few hands. Something like this happens in the market. There is a persistent overall tendency for equity to flow from the many to the few. In the long run, the majority loses. The implication for the trader is that to win you have to act like the minority. If you bring normal human habits and tendencies to trading, you'll gravitate toward the majority and inevitably lose.”

“Companies, as they grow to become multi-billion-dollar entities, somehow lose their vision. They insert lots of layers of middle management between the people running the company and the people doing the work. They no longer have an inherent feel or a passion about the products. The creative people, who are the ones who care passionately, have to persuade five layers of management to do what they know is the right thing to do.”

“There are no checks and balances if the gov is wrong. If a private entrepreneur makes a mistake, he goes bankrupt, the losses are cut; if he bets wrong, he loses; if the gov bets wrong, they just get bigger, they just appropriate more money. It's a bottomless pit, because they either get it from the tax payers or run it off a printing press.”

“Remember that failure is part of the process of successful running. Performance is a roller coaster; to think otherwise is irrational and will cause you much stress and discouragement. Lighten up on yourself. Ups and downs can be expected. The performance of most serious runners fluctuates by the week. You win some, you lose some; some days you're hot, some days you're not. Don't fight with yourself when failure, the teacher, pays an unexpected visit. Open up to learning from it.”

“The great enemy of creativity is fear. When we're fearful, we freeze up - like a nine-year-old who won't draw pictures, for fear everybody will laugh. Creativity has a lot to do with a willingness to take risks. Think about how children play. They run around the playground, they trip, they fall, they get up and run some more. They believe everything will be all right. They feel capable; they let go. Good businesspeople behave in a similar way: they lose $15 million, gain $20 million, lose $30 million and earn it back. If that isn't playing, I don't know what is!”

“The entertainment business is hard on relationships, but it's just as hard on your own spiritual well-being. It's easy to lose focus, to forget your priorities and wander from the path. There is not any one thing you can do to survive this desert. It's a matter of maintenance, of the small things you do every day and every week to keep the engine running smoothly.”