One of the hardest things to do in life is to avoid good opportunities so that you have time to devote to great opportunities—and having the wisdom to know the difference.

deliberate practice, it helps us identify our leverage

An irrational fall in price makes a stock cheaper. A rational fall in price makes a stock more expensive.

The way to achieve success in life is to learn constantly. And the best way to learn is to read, and to do so effectively.

Instead, ask yourself, “What is the most important thing I can do today? What is the one thing that would make everything else in my life either easier or unnecessary?”

Avoid availability bias by asking, “Is this expenditure likely to result in a sustainable rise in economic earnings in the future?”

Remember, the pessimist sounds smart, but it is the optimist who makes money.

Investing Between the Lines,

The Wisdom of Crowds,