“My theory stands as firm as a rock; every arrow directed against it will return quickly to its archer. How do I know this? Because I have studied it from all sides for many years; because I have examined all objections which have ever been made against the infinite numbers; and above all because I have followed its roots, so to speak, to the first infallible cause of all created things.” KnowsYearsFirstsMadeSpeakCausesSidesNumbersRocksTheoryReturnRootsLogicInfiniteCertaintyUncertaintyFirmReasoningArrowsObjectionsInfallibleOntologyArcher Author:Georg Cantor
“I would like [the working man] to give me back books and newspapers and theories. And I would like to give him back, in return, his old insouciance, and rich, original spontaneity and fullness of life.” MenGivingBookGovernmentRichTheoryReturnGive MeOriginalsNewspapersFullnessSpontaneityWorking ManFullness Of LifeInsouciance Book:Fantasia of the Unconscious Source: Fantasia of the Unconscious
“Market-cap based indexing will never be driven from its deserved perch as core and deserved king of the investment world. It is what we should all own in theory and it has delivered low-cost equity returns to a great mass of investors... the now and forever king-of-the-hill.” WorldShouldForeverTheoryReturnKingsCostMassLowsInvestmentInvestingDrivenCoreHillsInvestorsEquityCapsIndexing Author:Cliff Asness
“Time travel used to be thought of as just science fiction, but Einstein's general theory of relativity allows for the possibility that we could warp space-time so much that you could go off in a rocket and return before you set out.” UsedSpaceFictionPossibilityTheoryReturnTravelScience FictionUsed To BeTime TravelRocketsRelativityWarpSpace TimeRocket ScienceTheories Of RelativityGeneral Relativity Author:Stephen Hawking
“As value investors, our business is to buy bargains that financial market theory says do not exist. We've delivered great returns to our clients for a quarter century-a dollar invested at inception in our largest fund is now worth over 94 dollars, a 20% net compound return. We have achieved this not by incurring high risk as financial theory would suggest, but by deliberately avoiding or hedging the risks that we identified.” ValuesRiskCenturyTheoryReturnDollarsFinancialFundInvestorsQuartersClientsAvoidingBargainsCompoundsFinancial MarketsInceptionHigh RiskIncurringHedging Author:Seth Klarman
“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.” WorldYearsRealHappensOpportunityGamesModernChangedTheoryReturnCostFindingsEconomicsInvestmentCompareAttractiveReal WorldPortfoliosFreshmanDreamlandOpportunity Cost Author:Charlie Munger
“The theory of government I was taught says that government provides benefits, primarily security, to the entire population. In return we pay taxes. But lately the government has been a distributor of special privileges, taking money from some and giving it to others. America is now about evenly split between those who pay income taxes and those who consume them.” GivingHas BeensGovernmentAmericaPaySpecialSecurityTaughtTheoryReturnTaxesBenefitsPrivilegePopulationIncomeSplitsIncome TaxDistributors Author:John Stossel
“The theory is that if you take interest rates negative, people are going to say, "That's a silly game! I'm not going to lend my money to governments who want me to pay them. I am going to go into the stock market where I can get positive returns!"” PeopleIfsWantI CanGovernmentGamesInterestPayTheoryReturnNegativeRateSillyWant MeNegative PeopleInterest Rate Author:Mohamed El-Erian
“I think we've got to look at corporate law. Back in the day when I studied it, there were different constituencies that were to be served, and I think there was a real wrong turn about 20 to 25 years ago when the theory began to be promoted that your highest duty - in fact, some would argue, your only duty - is to maximize shareholder return. I just don't buy it. And it wasn't the original underpinnings of the legal theory of corporate law.” ThinkingYearsLooksDifferentRealFactsLawTurnsDutyTheoryReturnHighestYears AgoOriginalsArguingCorporateShareholdersBack In The DayWrong Turn Author:Hillary Clinton