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

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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 greatest lesson in life is to know that even fools are right sometimes.


Wisdom begins in wonder.


Mysterious language is not a sign of wisdom. The wiser a person is, the simpler the language he uses to express his thoughts.


Wisdom is the daughter of experience.


True wisdom comes to each of us when we realize how little we understand about life, ourselves, and the world around us.


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