“We can't exactly figure out why, but our customers have no fears of using their checking account, while credit cards are still a problem. I'm assuming checks have been around longer, and are more trusted, while credit cards have a sort of stigma attached to them.” Has BeensStillsProblemFiguresAccountsAssumingCreditCustomersChecksCardsTrustedNo FearCredit CardStigmaHave No FearChecking Accounts Author:Tim Stevens
“How is it that some celebrities, whom the average person would believe to have all the popularity a human being could want, still admit to feeling lonely? It is quite naive to assume that popularity is the remedy for loneliness. Loneliness does not necessarily equal physical solitude, it is the inability to be oneself and rightfully represented as oneself.” WantBelieveHumansPersonsDoeStillsFeelingsHuman BeingsLonelinessSolitudeEqualLonelyAssumingAverageOneselfRemedyPopularityNaiveInabilityAverage PersonFeeling Lonely Book:Killosophy Source: Killosophy
“If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety. So, the more vulnerable the business is, assuming you still want to invest in it, the larger margin of safety you'd need. If you're driving a truck across a bridge that says it holds 10,000 pounds and you've got a 9,800 pound vehicle, if the bridge is 6 inches above the crevice it covers, you may feel okay, but if it's over the Grand Canyon, you may feel you want a little larger margin of safety.” IfsWayWantNeedsFeelsMayLittlesStillsUnderstoodOkaySafetyAssumingDrivingVulnerableBridgesPoundsVehicleInchesTruckMarginsCanyonsGrand CanyonCrevice Author:Warren Buffett