Ignorance more frequently begets confidence than does knowledge.
Charles Darwin
2019-01-02T16:29:35+00:00Charles Darwin
https://contrarianlabs.com/blog/testimonials/ignorance-frequently-begets-confidence-knowledge/Beliefs are hypotheses to be tested, not treasures to be guarded.
Philip Tetlock
2019-01-02T16:11:09+00:00Philip Tetlock
https://contrarianlabs.com/blog/testimonials/beliefs-hypotheses-tested-not-treasures-guarded/Stick with big, “easy” decisions and eschew activity.
Warren Buffett
2019-01-02T16:27:18+00:00Warren Buffett
https://contrarianlabs.com/blog/testimonials/stick-big-easy-decisions-eschew-activity/The function of the margin of safety is, in essence, that of rendering unnecessary an accurate estimate of the future.
Benjamin Graham
2019-01-02T15:57:29+00:00The function of the margin of safety is, in essence, that of rendering unnecessary an accurate estimate of the future.Benjamin Graham
https://contrarianlabs.com/blog/testimonials/function-margin-safety-essence-rendering-unnecessary-accurate-estimate-future/It is better to be approximately right than precisely wrong.
Warren Buffett
2019-01-02T16:04:05+00:00Warren Buffett
https://contrarianlabs.com/blog/testimonials/better-approximately-right-precisely-wrong/In science you need to understand the world. In business you need others to misunderstand it.
Nassim Taleb
2019-01-02T16:13:22+00:00Nassim Taleb
https://contrarianlabs.com/blog/testimonials/science-need-understand-world-business-need-others-misunderstand/Time is the friend of the wonderful business, the enemy of the mediocre.
Warren Buffett
2019-01-02T16:09:49+00:00Warren Buffett
https://contrarianlabs.com/blog/testimonials/time-friend-wonderful-business-enemy-mediocre/Experience is what you got when you didn’t get what you wanted.
Howard Marks
2019-01-02T16:25:51+00:00Howard Marks
https://contrarianlabs.com/blog/testimonials/experience-got-didnt-get-wanted/Everything that’s important in investing is counterintuitive and everything that’s obvious is wrong.
Howard Marks
2019-03-20T03:34:12+00:00Howard Marks
https://contrarianlabs.com/blog/testimonials/everything-thats-important-investing-counterintuitive-everything-thats-obvious-wrong/You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.
Benjamin Graham
2019-01-02T15:54:52+00:00You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.Benjamin Graham
https://contrarianlabs.com/blog/testimonials/neither-right-wrong-crowd-disagrees-right-data-reasoning-right/Obvious decisions require no more than a single reason.
Nassim Taleb
2019-01-02T16:59:37+00:00Nassim Taleb
https://contrarianlabs.com/blog/testimonials/obvious-decisions-require-no-single-reason/Never ask anyone for their opinion, forecast, or recommendation. Just ask them what they have—or don’t have—in their portfolio.
Nassim Taleb
2019-01-02T17:27:36+00:00Nassim Taleb
https://contrarianlabs.com/blog/testimonials/never-ask-anyone-opinion-forecast-recommendation-just-ask-dont-portfolio/Investors need discipline to avoid the many unattractive pitches that are thrown, patience to wait for the right pitch, and judgement to know when it is time to swing.
Seth Klarman
2019-02-27T15:41:38+00:00Seth Klarman
https://contrarianlabs.com/blog/testimonials/investors-need-discipline-avoid-many-unattractive-pitches-thrown-patience-wait-right-pitch-judgement-know-time-swing/If 1,000 managers make a market prediction at the beginning of a year, it’s very likely that the calls of at least one will be correct for nine consecutive years. Of course, 1,000 monkeys would be just as likely to produce a seemingly all-wise prophet. But there would remain a difference: The lucky monkey would not find people standing in line to invest with him.
Warren Buffett
2019-01-02T16:26:40+00:00Warren Buffett
https://contrarianlabs.com/blog/testimonials/1000-managers-make-market-prediction-beginning-year-likely-calls-least-one-will-correct-nine-consecutive-years-course-1000-monkeys-woul/An investment operation is one which, upon thorough analysis promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.
Benjamin Graham
2019-01-02T16:07:28+00:00Benjamin Graham
https://contrarianlabs.com/blog/testimonials/investment-operation-one-upon-thorough-analysis-promises-safety-principal-adequate-return-operations-not-meeting-requirements-speculative/All good investing is value investing by definition.
Charlie Munger
2019-01-02T16:27:54+00:00Charlie Munger
https://contrarianlabs.com/blog/testimonials/good-investing-value-investing-definition/Mr. Market’s job is to provide you with prices; your job is to decide whether it is to your advantage to act on them. You do not have to trade with him just because he constantly begs you to.
Benjamin Graham
2019-01-02T16:04:44+00:00Benjamin Graham
https://contrarianlabs.com/blog/testimonials/mr-markets-job-provide-prices-job-decide-whether-advantage-act-not-trade-just-constantly-begs/