sari

ideas and taste will (finally) be as (if not more) important and differentiating than skill.

We waste our time with short-term thinking and busywork. Warren Buffett spends a year deciding and a day acting. That act lasts decades.

And third, using your “higher faculties” doesn't always leave you better off. As I wrote recently, smart people aren’t happier. That’s partly because people have all sorts of wrong theories about the things that make them happy, so all their smarty-pants scheming is in vain. In fact, sometimes thinking harder actually makes people worse at figuring... See more