"As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't done enough research into any of their companies. If managers have 200 positions, do you think they know what's going on at any one of those companies at this moment?"

-- Bill Ackman

#Ignorance Quotes #Thinking Quotes #Cover Ups Quotes

“And I love to cook! I've impressed hundreds of women with my cooking. And they always come back for more.”
“Captain Niall, having apparently resigned himself to losing his quarry, was savaging her horsehair petticoat into teeny, tiny shreds. "Really, what did my poor petticoat do to offend?”
“All of us should be much more humble and contrite when we point the finger at somebody else, because four more fingers are pointing back at us.”

Source : "Michael Eric Dyson and 'Is Bill Cosby Right?'". "News & Notes" with Ed Gordon, www.npr.org. May 11, 2005.
“I have to live the content, then come back and write about it.”
“I have my whole office set-up at waist level; I don't sit at all during the day. Sitting, to me, is the devil.”
“Lovers are not snails; they don't have to protrude from their shells and meet each other halfway. Meet me within your own self.”
“We have a largely materialistic lifestyle characterized by a materialistic culture. However, this only provides us with temporary, sensory satisfaction, whereas long-term satisfaction is based not on the senses but on the mind. Thatâ€™s where real tranquility is to be found. And peace of mind turns out to be a significant factor in our physical health too.”
“Hunger is the best seasoning.”

Source : Ken Follett (2010). “The Pillars of the Earth”, p.58, Penguin

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