💬 Quotes

"Bull markets make you money; bear markets make you rich—if you play your cards right."

"Patience is arguably the most valuable asset an investor can possess, often outperforming raw intelligence."

"Morality represents how we would like the world to work and economics represents how it actually does work."

"In the face of an incentive, humans are notoriously unpredictable. Just kidding. Humans are entirely predictable."

"When a crack dealer is making twenty-four thousand dollars a year tax-free, he can afford to live with his mom. When he's making two hundred thousand dollars, he still lives with his mom because the lifestyle of a successful drug dealer involves more risk than savings."

"To understand how a society works, all you have to do is look at its incentives. To understand how a savior might save the world, look for the person with the most unexpected incentive."

"If you want to solve a problem that seems impossible, you first have to stop looking at it through the lens of conventional wisdom."

"Global warming is a massive, complex problem. But precisely because it is so big, people are tempted to look for big, complex solutions—ignoring the simple, cheap fixes that might actually work."

"We can't change our real, deeper-seated nature, but we can try to understand it, and by understanding it, cease from torturing it."

"Men are free when they are in a living sense doing what they want, and doing it because they want it."

"Knowledge is always a limitation. When we know a thing, we have finished with it. The only true knowledge is the knowledge of living things in their actual living."

"It is a recognized fact that every great age of mankind has been based upon a philosophy of the unconscious, or a deeply religious conception of the cosmos."

"We are creatures of two halves, the spiritual and the sensual, and we must find a balance that destroys neither, but rather harmonizes both."

"Education should be meant to help a child to become himself, to find his own unique individuality, not to mold him into a preconceived social shape."

"To believe your own thought, to believe that what is true for you in your private heart is true for all men,—that is genius."

"Whoso would be a man must be a nonconformist. He who would gather immortal palms must not be hindered by the name of goodness, but must explore if it be goodness."

"Every actual state is corrupt; in good times, bad times, all times, the reformer is hanged. But his feeling is the sanctuary of law and the source of power."

"Man is timid and apologetic; he is no longer upright; he dares not say 'I think,' 'I am,' but quotes some saint or sage."

"Nature is the incarnation of a thought, and turns to a thought again, as ice becomes water and gas. The world is so emblematic."

"Society is a joint-stock company, in which the members agree, for the better securing of his bread to each shareholder, to surrender the liberty and culture of the eater."