Acquisition of Wisdom is Moral Duty

The first step in the acquisition of wisdom is silence, the second listening, the third memory, the fourth practice, the fifth teaching others.

Solomon Ibn Gabirol

Someone will always be getting richer faster than you. This is not a tragedy… The idea of caring that someone is making money faster than you are is one of the deadly sins.

Charlie Munger

What if we combined the three strategies into a single 15-stock portfolio? Would it dampen volatility? Is there a free lunch? The answer is yes.

The wisest among us know only how little we know.

Life and the universe, like pi, don’t make perfect sense.  We may have a very good idea of what is likely to occur under a certain set of circumstances, applying all the information we have at a given time, and we may attempt to insure against all unknowns.

The human brain can hold more than one quadrillion (1 followed by 15 zeroes) bytes of information – a petabyte.

Times are hard. But I still believe we can make the world better for the next generation.

But I won’t be slowing down anytime soon. I’m still going full speed on the project I began more than two decades ago, which is to give the vast majority of my resources back to society. Although I don’t care where I rank on the list of the world’s richest people, I do know that as I succeed in giving, I will drop down and eventually off the list altogether.

An obsession with organic farming ‘in sync with nature’ triggered an unsustainable but predictable economic crisis.