Technically, zuihitsu are longer reflections than what I tend to collect. But, the general idea is right. Here’s this month’s installment. If you want the complete set, please download the fortune file.
- Do not depend only on theory if your life is at stake.
- Whatever torch we kindle, and whatever space it may illuminate, our horizon will always remain encircled by the depth of night.—Arthur Schopenhauer
- The three Ps–property, prices, and profits and loss. Property incentivizes us. Prices guide us. Profits lure us to new changes and losses discipline us.—Pete Boettke
- In marriage, everything is subject to peer review.
- Don’t talk, unless you can improve upon the silence.–Jorge Luis Borges
- Don’t piss in a ditch and call it an ocean of lemonade.
- All cruelty springs from weakness.—Seneca
- In matters of the heart, you only know what you want when you find it.
- Accept the loss, and move forward.
- Who do you serve?
- Face your fears or they will climb over your back.
- If you have no edge, correct position size is don’t buy. Position sizing is determined by downside. All great investing records employed leverage.
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