People who confuse what they wish were true with what is really true create distorted pictures of reality that make it impossible for them to make the best choices.

He who lives by the crystal ball will eat shattered glass.

I also believe that everyone needs to think independently and make their own decisions on what makes the most sense.

There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.

There is nothing to fear from truth....Being truthful is essential to being an independent thinker and obtaining greater understanding of what is right.

Watch out for people who think it's embarrassing not to know.

Pull in your belt, spend less, and reduce debt.

What matters most is that the people you work with share your values.

Some people who are creative are not reliable and vice versa; some see big pictures while others see details, etc. All of them are important to have on well-orchestrated teams.

In return, society rewards those who give it what it wants. That is why how much money people have earned is a rough measure of how much they gave society what it wanted.

I've learned that each mistake was probably a reflection of something that I was (or others were) doing wrong, so if I could figure out what that was, I could learn how to be more effective.

It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sump payment for a future cash flow.

There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people

I believe that the biggest problem that humanity faces is an ego sensitivity to finding out whether one is right or wrong and identifying what one's strengths and weaknesses are.

Radical transparency fosters goodness in so many ways for the same reasons that bad things are more likely to take place behind closed doors.

Like the saying goes, don't believe everything you read.

To test if you are worrying too much about looking good, observe how you feel when you find out you've made a mistake or don't know something.

When growth is slower than expected, stocks go down. When inflation is higher than expected, bonds go down. When inflation's lower than expected, bonds go up.

If you have the power to see things through somebody else's eyes, it's like going from black and white to color or two dimensions to three dimensions.