When you Leave it to Chance, then all of a Sudden you Don’t have any More Luck – Basketball Coach Pat Riley –

BUSINESS: Graham calls the first approach “active” or “enterprising”; it takes lots of time and loads of energy. The “passive” or “defensive” strategy takes little time or effort but requires an almost ascetic detachment from the market. As the investment thinker Charles Ellie has explained, the enterprising approach is physically and intellectually taxing, while  the […]

Inability to Use Talent

BUSINESS: Albert Einstein said, “I think I used about 25% of my intellectual capacity during my life.” According to William James, human beings use only 10-12% of their potential. The saddest part of most people’s lives is that they die with the music still in them. They haven’t lived while alive. They rust out rather […]