“To know John Kennedy, as I did, was to understand the true meaning of the word. He understood that courage is not something to be gauged in a poll or located in a focus group. No adviser can spin it. No historian can backdate it. For, in the age old contest between popularity and principle, only those willing to lose for their convictions are deserving of posterity's approval.” KnowsAgeLosesPrinciplesFocusGroupsWillingUnderstoodConvictionHistorianApprovalPopularityContestsPollsPosterityDeservingAdviserTrue MeaningJohn KennedyFocus Groups Author:Gerald R. Ford
“Whenever I'm faced with a difficult decision, I ask myself, 'What would I do if I weren't afraid of making a mistake? Feeling rejected? looking foolish? Or being alone?' I know for sure that when you remove the fear, the answer that you've been searching for comes into focus and as you walk into your fear, you should know for sure that your deepest struggle can, if you're willing and open, produce your greatest strength.” IfsKnowsShouldFeelingsAsksDifficultDecisionAnswersWalksMistakeStruggleFocusProduceWillingFoolishMaking MistakesRemoveRejectedDifficult Decisions Book:What I Know For Sure Source: What I Know For Sure
“Everything is similar if you're willing to look far out of focus.” IfsLooksFocusWilling Author:Marvin Minsky
“Short-term performance envy causes many of the shortcomings that lock most investors into a perpetual cycle of underachievement. Watch your competitors not out of jealousy but out of respect and focus your efforts not on replicating others' portfolios but on looking for opportunities where they are not. The only way for investors to significantly outperform is to periodically stand far apart from the crowd, something few are willing, or able, to do.” WayAbleOpportunityCausesTermEffortWatchesFocusWillingPerformancesCrowdsEnvyCyclesInvestorsPerpetualLocksCompetitorsShort TermShortcomingsPortfolios Author:Seth Klarman