As Jim Rohn once said...............

 

Taxation:  It's the care and feeding of the goose that lays the golden eggs. . . . Some might say the goose eats too much, but we could all lose a little weight and let one appetite not accuse another.

Fifty years ago....................

Waylon Jennings...Are You Sure Hank Done It This Way

 

On uncertainty......................

 

We can be absolutely certain only about things we do not understand. A doctrine that is understood is shorn of its strength.

-Eric Hoffer, The True Believer

incrementally..........................

 If you want to effect change in the world, well, there is a whole science around this, but you have to do it incrementally. And our influence is extraordinarily small. Being rich and successful means you get to fly private and you never have to stand in line for stuff. You have earned it. But you don’t get to tell everyone what to do and what to think.

-Jared Dillian

better.........................

 

We need better government, no doubt about it. But we also need better minds, better friendships, better marriages, better communities.

-Wendell Berry, A Continuous Harmony

On humility...................

 

You have to remain humble in the markets, because karma has everyone’s address.

-Jared Dillian

essence.......................

 

The essence of philosophy is that a man should so live that his happiness shall depend as little as possible on external things.

-Epictetus

randomness..........................

 

     We too easily mistake randomness for skill.  We imagine we see the future when we hardly understand today.  We readily convince ourselves we are in control of our own destinies, when nothing could be further from the truth.

     Recognizing your own ignorance is an advantage.  Most of Wall Street hates this fact.

-Barry Ritholtz, How Not to Invest

pondering.......................

 

Reading without thinking is as nothing, for a book is less important for what it says than for what it makes you think.

-Louis L'Amour, The Walking Drum

fun with the language.............

 

     This was a leap forward in computing—or it would have been, if not for the moths.  Because vacuum tubes glowed like lightbulbs, they attracted insects, requiring regular "debugging" by their engineers.

-Chris Miller, Chip War

Weight lifted....................

On discomfort...................

 

Most people mistake discomfort as a signal to stop; the great ones see it as evidence they’re on the right track. Excellence is just pain tolerance disguised as genius. The real advantage isn’t talent but cultivating a perverse appreciation for the discomfort others instinctively avoid.

-Farnum Street, from here