- Above-average results requires not being afraid of looking wrong.
- Most people are afraid of looking wrong.
- Good investing is 50% psychology, 48% history, 2% finance.
- Great investing is 10% skill, 10% luck, 80% inability to tell which is which.
- Bad investing is 40% overconfidence, 40% fees, 20% denial that keeps it all going.
- Getting rich is hard.
- Staying rich is harder.
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