
“Imagination is more important than knowledge.” – Albert Einstein
Establishing and maintaining an unconventional investment profile requires acceptance of uncomfortably idiosyncratic portfolios, which frequently appear downright imprudent in the eyes of conventional wisdom.
It doesn’t make sense to hire smart people and then tell them what to do; we hire smart people so they can tell us what to do.
The greatest pleasure I’ve had is to try to do something that people said would never be done.
The most robust contribution to knowledge consists in removing what we think is wrong—subtractive epistemology.