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I refuse to be molded into some stereotypical ballplayer that has no interests, really, no life, no depth, no intelligence. ”
Some people are born on third base and go through life thinking they hit a triple. ”
Narrative drives most of economics. Everything seems to be part of a story, and how that story is told often leads to critical error. ”
Indeed, eventually, random outcomes all revert to the mean, meaning that streaks eventually end. Understanding this is a key part of intelligent and rational investing. ”
Much of the traditional thinking about cash is well intentioned but unrealistic. Should you have six months of living expenses in the bank for emergencies? Sure. Do you? Probably not. ”
I am told by others that I have a lateral-thinking, broad approach to problems, sometimes to my detriment. In school, my grades always suffered because I was continually mucking about with irrelevant side issues, which I often found to be more interesting. ”
Dad always explained the car engine when he repaired it, and he had many technical books, so I was making electromagnets by age eight as well as reading my mother's medical and nursing books. I suspect I was born with a boundless curiosity, and this was encouraged through my childhood. ”
The real danger of writing a great song when you're on something is that it might get you thinking that the only way to repeat that is by only writing when you're high. ”
I'm thinking, this is Robert Redford. You know, he's won an Academy Award, he's talking to me about directing a movie he's in. So you just think that it's Hollywood stuff or whatever. ”
The next revolution, the next trend is to be an intelligence-intensive company. That has more value to society than a labor-intensive company. ”