The best investment is in the business that compounds the fastest while requiring the least capital. Most people think about return on capital. They should think about return on capital per unit of risk taken.
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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