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

Related Quotes

Money is only a tool in business. It is just a part of the machinery. You might as well borrow 100,000 lathes as $100,000 if the trouble is inside your business. More lathes will not cure it; neither will more money. Only heavier doses of brains and thought and wise courage can cure. A business that misuses what it has will continue to misuse what it can get.


The attempt to combine wisdom and power has only rarely been successful and then only for a short while.


The figure a poem makes. It begins in delight and ends in wisdom... in a clarification of life - not necessarily a great clarification, such as sects and cults are founded on, but in a momentary stay against confusion.


Wisdom cries out in the streets, and no man regards it.


Wisdom usually grows up on us like calluses when we are old, gnarled and bent.


Wisdom is a weapon to ward off destruction; It is an inner fortress which enemies cannot destroy.