The trick is to keep learning. If you stop learning, other people will pass you by. Temperament alone won't do it — you have to keep learning, because the world keeps changing, and you have to keep up with it and even get ahead of it.
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the more open you can be to be completely devastated by something, the more possibility opens up to you. And I think that that's true in life. I think that's true in love. I know that that's true in sport. The more you open yourself up to devastation, the more possibility will be open to you.
Abby Wambach — TED Radio Hour
The best businesses in the world are ones where the reinvestment rate is high and the return on incremental capital is also high. Those are very, very rare. And when you find them, the right thing to do is to do nothing, which is actually very hard to do as an investor because you're paid to do things.
Vlad Barbalat — Invest Like the Best with Patrick O'Shaughnessy
The market will actually tell you when you're wrong. There are a lot of investors who get seduced by a theme and they just hold on forever, waiting for the theme to play out. But the stock market is actually a very efficient discounting mechanism, and if the theme isn't playing out, the stocks will tell you.
Alex Sacerdote — Invest Like the Best with Patrick O'Shaughnessy