Whenever you think something or some person is ruining your life, it's you. A victimization mentality is so debilitating.

You want to deliver to the world what you would buy if you were on the other end.

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

You've got to have models in your head and you've got to array you experience - both vicarious and direct - onto this latticework of mental models.

Missing out on some opportunity never bothers us. What's wrong with someone getting a little richer than you? It's crazy to worry about this.

In the LBO field there is a buried "covariance" with marketable equities, toward disaster in generally bad business conditions, and competition is now extremely intense.

The hedge fund known as "Long Term Capital Management" collapsed last fall through overconfidence in its highly leveraged methods, despite I.Q.'s of its principals that must have averaged 160. Smart people aren't exempt from professional disasters from overconfidence. Often, they just run aground in the more difficult voyages they choose, relying on their self-appraisals that they have superior talents and methods.