If everything you do needs to work on a three-year time horizon, then you’re competing against a lot of people. But if you’re willing to invest on a seven-year time horizon, you’re now competing against a fraction of those people… Just by lengthening the time horizon, you can engage in endeavors that you could never otherwise pursue. -- Jeff Bezos
A mistake is an event, the full benefit of which has not yet been turned to your advantage. -- Ed Land, Polaroid
Do not imagine that you have to know everything before you can do anything. My own best work was done when I was most ignorant. -- Freeman Dyson
Those who dream by night in the dusty recesses of their minds awake to find that all was vanity; But the dreamers of day are dangerous men, That they may act their dreams with open eyes to make it possible. -- T. E. Lawrence
Experience tends to confirm a long-held notion that being prepared, on a few occasions in a lifetime, to act promptly in scale, in doing some simple and logical thing, will often dramatically improve the financial results of that lifetime. A few major opportunities, clearly recognizable as such, will usually come to one who continuously searches and waits, with a curious mind that loves diagnosis involving multiple variables. And then all that is required is a willingness to bet heavily when the odds are extremely favorable, using resources available as a result of prudence and patience in the past. -- Charlie Munger
The world’s biggest problem is that not enough people are working on the world’s biggest problems. -- Max Marmer, Student of Life, January, 2011