You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.
Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing.
I believe in giving my kids enough so they can do anything, but not so much that they can do nothing.
We have learned to turn out lots of goods and services, but we haven't learned as well how to have everybody share in the bounty. The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
I would say the most satisfying thing actually is watching my three children each pick up on their own interests and work many more hours per week than most people that have jobs at trying to intelligently give away that money in fields that they particularly care about.
Basically, when you get to my age, you'll really measure your success in life by how many of the people you want to have love you actually do love you.
The formula of happiness and success is just being actually yourself, in the most vivid possible way you can.
Believe Big. The size of your success is determined by the size of your belief. Think little goals and expect little achievements. - David J. Schwartz
The person determined to achieve maximum success learns the principle that progress is made one step at a time. - David J. Schwartz
The test of a successful person is not an ability to eliminate all problems before they arise, but to meet and work out difficulties when they do arise. - David J. Schwartz
Where success is concerned, people are not measured in inches, or pounds, or college degrees, or family back-ground; they are measured by the size of their thinking. - David J. Schwartz
We are so successful at becoming comfortable, that comfort has become the enemy of our success. - Wim Hof
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