So they’re all a little imperfect. Nature’s answer is a lot of good enough, below-potential traits across all species. - Morgan Housel

The line between “inspiringly bold” and “foolishly reckless” can be a millimeter thick and only visible with hindsight.

A good definition of an investing genius is the man or woman who can do the average thing when all those around them are going crazy. Tails drive everything.

Failure can be a lousy teacher, because it seduces smart people into thinking their decisions were terrible when sometimes they just reflect the unforgiving realities of risk.