Notes on Books I read

As men, We are all equal in the presence of death. Receive an Injury rather than do one. To do 2 things at once is to do neither. Hard is it to correct the habit already formed. Bitter for a free man is the bondage of Debt. Lovers know what they want, but not what they need.  Be not blind to a friend’s faults, nor hate him for them.  Friendship either finds or makes equal. A wise man rules passions, a fool obeys them.  Human reason grows by self-conquest.  He has existed only, not lived, who locks wisdom in old age.  Women loves or hates, show knows no middle course.  When reason rules, money is a blessing. No one but a knave or a fool things a good deed thrown away. A good reputation is 2nd patrimony. We make nearest approach to the goad in our good deeds. To receive a favor is to pawn your freedom. He who boasts a favor bestowed, would like it back again.  To give it to the deserving, is to lay all men under obligation.  Conquest over one’s self, in the hour of

Knowing what you don’t know is more useful than being brilliant.  Acknowledging what you don’t know is the dawning of wisdom. It is remarkable how much long-term advantage people get like us by trying to be consistently not stupid, instead of trying to very intelligent.  Mimicking the herd, invites the regression to mean.  Life, in part, is like a poker game, wherein you have to learn to quit sometimes when holding a much-loved hand. You must learn to handle mistakes and new facts that change the odds.  You’re looking for a mis-priced gamble. That’s what investing is. And you have to know enough to know whether the gamble is mis-priced. That’s value investing. Good ideas are rare - When the odds are greatly in your favor, bet heavily.  When asked about success, Munger says, "I succeeded because I have a long attention span"  All humanity problems stem from man’s inability to sit quietly in a room alone.  - Pascal. I think that one should recognize reality even when

Socrates (Greece - 399BC) An examined life is not worth living. True knowledge exists in knowing that you know nothing. To find yourself, think for yourself. By all means marry; if you get a good wife, you will be happy; if you get a bad one, you’ll become a philosopher.  Beware the barrenness of a busy life. Employ your time in improving yourself by other men’s writings, so that you shall gain easily what others have labored hard for. The way to get gain a good reputation is to endeavor to be what you desire to appear. Plato (Greece philosopher- 348BC) Only the dead have seen the end of the war. Wise men talk because they have something to say; fools, because they have to say something. Aristotle (Greece - 384BC-322BC) We are what we repeatedly do. Excellence, then, is not an act, but a habit. I count him braver who overcomes his desires than him who conquers his enemies; for the hardest victory is over self. Immanuel Kant (German philosopher in 1724 -