Economic systems work better when there's an extreme reliability ethos. And the traditional way to get a reliability ethos, at least in past generations in America, was through religion. The religions instilled guilt. ... And this guilt, derived from religion, has been a huge driver of a reliability ethos, which has been very helpful to economic outcomes for man.

We don't like trading agony for money

Someone will always be getting richer faster than you. This is not a tragedy.

How do you compete against a true fanatic? You can only try to build the best possible moat and continuously attempt to widen it.

Understanding how to be a good investor makes you a better business manager and vice versa.

Common stock investors can make money by predicting the outcomes of practice evolution. You can't derive this by fundamental analysis - you must think biologically.

In my whole life, I have known no wise people who didn't read all the time - none ... ZERO.