Pain researchers have found that the experience of pain is heavily shaped by context, expectation, and meaning. The same injury can feel devastating in one situation and barely noticeable in another — soldiers wounded in battle, for instance, often report feeling little pain at the moment of injury, because the wound means they will be evacuated from the front lines.
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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