Invest in Learning
Intellectual capital will always trump financial capital.
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Margin of Safety
In engineering, people have a big margin of safety. But in the financial world, people don’t give a damn about...
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Rub Your Nose in Mistakes
Since mistakes of omission don’t appear in the financial statements, most people don’t pay attention to them. We rub our...
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Financial Institutions Doing Well
Financial institutions make us nervous when they’re trying to do well.
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Benjamin Franklin was able to make the contribution he did because he had [financial] freedom.
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These opportunity costs don’t show up on financial statements, but have cost us many billions.
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