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A batch of the best highlights from what Louis's read, .
Preoccupation with being right means you’re betting, which personalizes the market and is the root of losses due to psychological factors. Concern yourself with whether or not you have done your homework to define a set of conditions under which you will enter and exit the market, and whether or not you carry out that plan.
What I Learned Losing a Million Dollars
Jim Paul
You need rich people in your society not so much because in spending their money they create jobs, but because of what they have to do to get rich. I’m not talking about the trickle-down effect here. I’m not saying that if you let Henry Ford get rich, he’ll hire you as a waiter at his next party. I’m saying that he’ll make you a tractor to replace your horse.
Hackers & Painters - Big Ideas From the Computer Age
Paul Graham
We distinguish ourselves, the agents, from the action, and everywhere we make use of this scheme—we try to discover an agent behind every phenomenon.
The Will to Power
Friedrich Wilhelm Nietzsche
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