Real history is the story of lots of things happening at the same time.
Growth Investing And Value Investing Are Interconnected
In our opinion, the two approaches – growth and value – are joined at the hip. Growth is always a component in the calculation of value, constituting a variable whose importance can range from negligible to enormous and whose impact can be negative as well as positive.
Tesler’s Law Of The Conservation Of Complexity
The total complexity of a system is a constant. If you make a user’s interaction with a system simpler, the complexity behind the scenes increases. With technology, simplifications at the level of usage invariably result in added complexity of the underlying mechanism.
Transformed
Radical Progress Begins With Moderation
It is a paradox of our time that the path to radical progress begins with moderation. Extreme optimism and fatalistic pessimism may seem to be stark opposites, but they both end in apathy. If things were sure to improve or bound to collapse, then our actions would not matter one way or the other.
Taking Acceptable Risks
I have found that the days that I see now as wasted days of my life were those when I didn’t take an acceptable risk that I could have conceivably taken, when I didn’t ask myself if there was a new and different way to do what I was doing, when I didn’t set my sights as high as I possibly could have.
Pioneers, Settlers, Town Planners
The Learning Process
I don’t know anyone who learned to be a great investor with great rapidity. Warren has gotten to be one hell of a lot better investor over the period I’ve known him, as have I. So the game is to keep learning. You have to like the learning process.
Dignity And Proportion
There is a proper dignity and proportion to be observed in the performance of every act of life.