I've learned this lesson that anything fun, you know, in life, you usually lose money on until until sports.
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The best time to buy is when there's blood in the streets. The second best time is when everyone else is buying.
Howard Marks — Oaktree Capital Investment Memos
The best business to be in is one where you can raise prices without losing customers, and yet few businesses qualify. Most businesses are competitive enough that if they raise prices, they lose significant volume.
Charlie Munger — Berkshire Hathaway Annual Meeting
The biggest investing errors come not from companies that fail, but from companies that succeed in ways you didn't anticipate. You prepare for the future by studying how the past was different from what people expected.
Morgan Housel — The Psychology of Money