"Here is part of the tradeoff with diversification. You must be diversified enough to survive bad times or bad luck so that skill and good process can have the chance to pay off over the long term."

-- Joel Greenblatt

#Skills Quotes #Long Quotes #Luck Quotes

“If I had a soul, Iâ€™d probably wind up in hell anyway.”
“Americans have no capacity for abstract thought, and make bad coffee.”

Source : "The Europeans". Book by Luigi Barzini, p. 225, 1984.
“Magic is used in espionage, all the time, for clandestine things. I've got a whole library from a gentleman who was hired by the CIA to create magic technology for the use of anti-terrorism.”
“If with open mind one reads and observes industriously and long; if in so doing one covers a wide field and so covering reflects in terms of realism, he is likely, soon or late, to be brought to a sudden consciousness that Man is an unknown quantity and his existence unsuspected.”
“What makes a terrorist? Are the drivers primarily political or economic? Princeton economist Alan Krueger has made a great study of this question...What Makes a Terrorist lacks a question mark. That's because Krueger, marshaling persuasive statistics and analysis, comes down firmly on the side of politics, noting most terrorists are middle-class and well-educated.”
“If anything unfolds, it's supposed to”
“I think comedians should focus on what makes them happy, what art form fulfills them the most. Don't be calculated about it and say, 'Okay, I'm gonna tweet, and I'm gonna podcast, and I'm gonna do standup, and one of those things is going to lead me to my own TV show.' I don't think that should be the goal.”
“The whole financial industry is consolidating in the United States.”

You may also like:

Benjamin Graham
Investor
Bruce Greenwald
Professor
Charlie Munger
Business person
David Einhorn
Hedge fund manager
Michael Burry
Mohnish Pabrai
Investor
Peter Lynch
Businessman
Seth Klarman
Author
Warren Buffett
Investor