Every game, and almost every life situation, has short cuts: ways you can get better without learning the entire literature of the game from beginning to end.

Everyone is an entrepreneur. The only skills you need to be an entrepreneur: an ability to fail, an ability to have ideas, to sell those ideas, to execute on those ideas, and to be persistent so even as you fail you learn and move onto the next adventure.

Don't time travel into the past, roaming through the nuances as if they can change. Don't bookmark pages you've already read.

Mistakes I've made in the past make me afraid to try new things in the future. I want to be perfect.

I never minded George Steinbrenner spending obscene amounts of money to put the best product on the field.

I've learned there's a big difference between a long-focused value investor and a good short-seller. That difference is psychological and I think it falls into the realm of behavioral finance.

A liberal is a man who is willing to spend somebody else's money.

In China anything less than 6% growth is a recession meaning that it also causes financial problems and it's disruptive and it's a problem.