The man who stands firm in order to protect a sand-castle can never be relied upon; for he has given away his common sense.

Where you are going to spend your time and your energy is one of the most important decisions you get to make in life.

Outsized returns come from betting against conventional wisdom, but conventional wisdom is usually right.

It is only by prudence, wisdom, and dexterity, that great ends are attained and obstacles overcome. Without these qualities nothing succeeds.

Wisdom is the daughter of experience.

It's easier to resist at the beginning than at the end.