Good ideas are rare — when the odds are greatly in your favor, bet (allocate) heavily. - Charlie Munger

The best armour of old age is a well spent life preceding it.

It’s not possible for investors to consistently outperform the market. Therefore you’re best served investing in a diversified portfolio of low-cost index funds [or exchange-traded funds].

An example of a really responsible system is the system the Romans used when they built an arch. The guy who created the arch stood under it as the scaffolding was removed. It’s like packing your own parachute.