"The best strategy is one that offers the highest compound return consistent with no risk of going broke."

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“Your second ducat, like your second million, is never quite as sweet.”

“In real conversations, we are always trying to outguess each other.”

“Average" isn't so hot at the race track given those steep track takes. "Average" is pretty decent for stocks, something like 6 percent above the inflation rate. For a buy-and -hold investor, commissions and taxes are small.”

“The best paradoxes raise questions about what kinds of contradictions can occur—what species of impossibilities are possible.”

“Far from preventing gambler's ruin, martingale accelerates it.”

“Carl Friedrich Gauss, often rated the greatest mathematician of all time, played the market. On a salary of 1,000 thalers a year, Euler left an estate of 170,587 thalers in cash and securities. Nothing is known of Gauss's investment methods.”

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"He's about the gosh-awfullest outfielder I've ever seen. But on the other hand, we've only had 10 home runs this spring and he's hit five of them, so what are you going to do? It's a funny thing. Stua…"

— Dick Stuart

1932–2002

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"I had a trumpet, but I didn't want to be a trumpet player. I wanted to be some type of athlete or in some type of scholarly activity, be a chemist or something—I had my little chemistry set, and I lik…"

— Wynton Marsalis

Art1961

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"We don’t need to be in dire straits to need to feel hope. On a perfectly beautiful, sunny, clear day when everything is going just right, you can still use hope. That we are able to be content within …"

— Prem Rawat

Psychology1957

#hope

"Now the pitch, and it's lined foul into the seats, down the third base line, 1 ball, 1 strike, and I'll tell you what's going on. The crowd is chanting "U-S-A!" and the reason for that is that there a…"

— Howie Rose

Sports1954

#philosophy