I'm right, and you're smart, and sooner or later you'll see I'm right.

We're the tortoise that has outrun the hare because it chose the easy predictions.

It's human nature to extrapolate the recent past into the future, but it's terrible that managements go along with this.

We only want what success we can get despite encouraging others to share our general view about reality.

How you behave in one place, will help in surprising ways later.

And, partly, I had found that theory-structure was a superpower in helping one get what one wanted. As I had early discovered in school wherein I had excelled without labor, guided by theory, while many others, without mastery of theory failed despite monstrous effort. Better theory I thought had always worked for me and, if now available could make me acquire capital and independence faster and better assist everything I loved.

In investment management today, everybody wants not only to win, but to have a yearly outcome path that never diverges very much from a standard path except on the upside. Well, that is a very artificial, crazy construct. That's the equivalent in investment management to the custom of binding the feet of Chinese women