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Theory Quotes

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Theory Quotes

“I'm just interested in women's friendships generally. It always seems to me, and this is just my pet theory, that women are kind of at the sharp end of capitalism one way or another. Mainly because they buy everything. In a practical sense, women buy most things. They're always comparing - to friends, to famous people, to other people. An obsessive act of comparison.”

“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.”

“[How to think about a problem:] The first step is to make the problem specific . . . ; The second step is to form theories freely of how to rid yourself of that burden . . . ; The third step is to develop in foresight the consequences of your proposals . . . ; The fourth and final step in thinking is to compare the consequences of your proposals to see which is best in the light of your scheme of life as a whole . . . ; Whether you choose a vacation or a spouse, a party or a candidate, a cause to contribute to or a creed to live by - think!”