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With poker, you have a resolution of the hand within a couple of minutes. Whereas, even if the thought process in investing is very much the same, you're looking at an outcome that could be 2, 3, 4, 5 years from when you make the original decision. And the mindset related to that is very different. ”
We believe in constructing the portfolio so that we put our biggest amount of money in our highest-conviction idea, and then we view the other ideas relative to that. ”
We try not to have many investing 'rules,' but there is one that has served us well: If we decide we were wrong about something, in terms of why we did it, we exit, period. ”
When I was running 'round in America, about 30 years old, I didn't want no woman. I knowed I could make enough money to take care of myself, but I didn't want nobody to take care of. ”
As we put autonomous cars on the road, connect Alexas to our lights and our thermostats, put ill-protected Internet-connected video cameras on our houses, and conduct our financial lives over our cell phones, our vulnerabilities expand exponentially. ”
We're often portrayed as rich, spoiled athletes who play a game for too much money. ”
With a private company, you've got to get into who's investing and what's the balance sheet like. So going public is a positive thing from the perspective of the sales organization. ”
I don't make decisions based on money. ”
I just spend my money on the essentials. Just basically food and shelter. ”
Fame does lead to money, which I don't have a close relationship with. I'm the kind of guy who never sees the money - it all goes somewhere else. I don't understand it, I don't like to deal with it. I have a fear of not having it, because I grew up without it. ”