Quotes
Authors
Michael Mauboussin

"Edge also implies what Ben Graham....called a margin of safety. You have a margin of safety when you buy an asset at a price that is substantially less than its value. As Graham noted, the margin of safety 'is available for absorbing the effect of miscalculations or worse than average luck.' ...Graham expands, "The margin of safety is always dependent on the price paid. It will be large at one price, small at some higher price, nonexistent at some still higher price.""

-- Michael Mauboussin

#Average Quotes #Safety Quotes #Luck Quotes

“It is comparatively easy to become a writer; staying a writer, resisting formulaic work, generating ones own creativity - thats a much tougher matter.”
“The final test of a leader is that he leaves behind him in other men the conviction and the will to carry on.”
“I think there is a fascination with choral music in general.”

Source : Source: pitchfork.com
“It was a mistake," you said. But the cruel thing was, it felt like the mistake was mine, for trusting you.”
“In my own experience as a physician, I have not seen a miraculous healing, and I don't expect to see one.”
“I've been lucky to learn by playing all kinds of roles and watching all kinds of really good cinematographers, actors, and directors for many years before people were even aware of me in terms of audience.”
“The world loves to tell you how difficult things are, and the world's not exaggerating. But difficult doesn't mean impossible, and out of the bajillions of things in this universe that you can't control, what you can control is how hard you try, and if or when to pack it in.”

Source : Sophia Amoruso (2014). “#GIRLBOSS”, p.163, Penguin
“I had no idea about where I was going. I had no sense of art as anything other than a problem to be fixed, you know, an itch to be scratched. I was in that studio trying my best to feel content with myself. I had, like, a stipend. I had a place to sleep. I had a studio to work in. I had nothing else to think about, you know. And that's - that was a huge luxury in New York City.”

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