Most people overestimate what they can do in one year and underestimate what they can do in ten years. The long-term compounder who does nothing dramatic usually beats the person executing a brilliant short-term strategy.
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I view Bogle as an undercover philanthropist. And at a trillion or even half a trillion dollars, that would make him the greatest philanthropist of all time.
Acquired
The market's not going to get any less crazy. It's the change economy. That's where we are. So, I don't really think we can look outside for calm. I think we have to have ways of creating calm inside.
Semafor
People are really comfortable with the number of people who die on the roads. 40,000 people dead, 1.2 million globally and avoidable in many cases, isn't something upon which we share collective outrage or even moderate discomfort.
TED