• “To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insight, or inside information. What’s needed is a sound intellectual framework for decisions and the ability to keep emotions from corroding that framework.”
    ~ Warren Buffett

Probabilities vs. consequences

“On many occasions I have had people say things to me that are based on probabilities, not on consequences. And when the stakes are high, that might be the wrong way to look at things.”

Smart Money_ Probabilities vs. consequences – Alaska Highway News

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