The courage to accept risk rewards you
It’s what the business is worth, not what the stock is worth.
Two things you don’t think you should have can provide a benefit when you own both.
We make a mistake when we over-generalize
Everything involves choices. Even doing nothing is a choice.
You can make your life simpler if you understand what decisions mean.
Emotion clouds the ability to be objective.
Investing requires a broad outlook. Look for meaning
Judgement is not easy but nonetheless necessary for decisions.
Wrong models yield surprises