We all have mental maps — representations of how we see ourselves and the world. But the amazing thing is, many of us use mental maps that were drawn up a long time ago, in a completely different context. And we continue to use them, even when the world changes, and even when we change.
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The record of a money manager who merely stays close to the market is not an outstanding record—it is a record of someone who has successfully rationalized doing nothing. The question is not whether you beat the market, but whether you had the intellectual honesty to know when you had no edge and the discipline to act accordingly.
Seth Klarman — Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor
It is the mark of an educated mind to be able to entertain a thought without accepting it.
Aristotle — Nicomachean Ethics
It is not the answer that enlightens, but the question. Déceler, c'est créer. To detect is to create.
Eugène Ionesco — Découvertes