It’s not possible for investors to consistently outperform the market. Therefore you’re best served investing in a diversified portfolio of low-cost … - Charlie Munger

So life is an everlasting battle between those two forces: to get these advantages of scale on one side and a tendency to get a lot like the US Department of Agriculture on the other side, where they just sit around and so forth. I don’t know exactly what they do. However, I do know that they do very little useful work.

It's the work on your desk. Do well with what you already have and more will come in.

I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy that help, particularly when you have a long run ahead of you.