Enough: True Measures of Money, Business, and Life

(3) exercising competence, using our God-given and self-motivated talents, inspired and striving to learn

(2) maintaining connectiveness with other human beings, in the form of love of our families, our pleasure in friends and colleagues, and an openness with those we meet in all walks of life

(1) autonomy, the extent to which we have the ability to control our own lives, “to do our own thing”

It’s not money that determines our happiness, but the presence of some combination of these three attributes:

Albert Schweitzer got it exactly right. “Success is not the key to happiness. Happiness is the key to success.”

Innovation in finance is designed largely to benefit those who create the complex new products, rather than those who own them.

Therefore, as I wrote in my Little Book of Common Sense Investing, “the stock market is a giant distraction from the business of investing.”

It is economics that controls long-term equity returns; the impact of emotions, so dominant in the short term, dissolves.

The totally unpredictable perceptions of market participants, reflected in momentary stock prices and in the changing multiples that drive speculative returns, essentially have counted for nothing.