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The conservative man, being more inhibited, is not used to enjoying himself. Give him a chance to get out of himself in a crowd and—I tell you I’ve seen it a thousand times—you can’t hold him down. And remembering that he has had the time of his life, he becomes your best customer.
Veeck--as in Wreck
Bill Veeck, Ed Linn
A 10 percent chance of a total loss and a 90 percent chance of $50 would mean that UNH was worth $45 a share, but I had to be sure I was ready for the worst eventuality. If you own only a few stocks and you lack Warren Buffett’s mental calm and wealth, don’t buy stocks facing the existential risk that UNH had in 2010. Personally I can’t stay objective when coping with the likelihood that one of my main assets will soon be worthless. That’s why my funds are widely diversified, some say overdiversified. It allows me to weight risk statistically.
Big Money Thinks Small
Joel Tillinghast
Men’s relationships seemed to be less deeply affected by whether or not there were opportunities to interact amicably – not surprisingly, perhaps, given our evidence that conversation has almost no impact at all on the persistence of males’ relationships.
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