“Picking winners among the many young companies seeking money is a tough business, even for the most sophisticated investors. Indeed, most professionally run venture funds lose money. For individuals, it's pure folly. Buy a lottery ticket instead. Your chance of winning is likely to be higher.” RunningYoungWinningIndividualLosesChanceCompanyHigherPureToughSeekingWinnerFollyFundInvestorsSophisticatedTicketsVentureLotteryLottery Ticket Author:Steven Rattner
“But successful investors tend to be not too self-destructive. They tend to be patient, they tend not to follow the crowd, and they tend not to be too guilty about winning.” SelfWinningSuccessfulPatientCrowdsGuiltyDestructiveInvestorsBe PatientSelf Destructive Author:Andrew Tobias
“The active investors will have their returns diminished by a far greater percentage than will their inactive brethren. That means that the passive group - the "know-nothings" - must win.” KnowsMeanWinningGreaterGroupsReturnInvestingActiveInvestorsPassivePercentagesBrethren Author:Warren Buffett