- Knowing what to do is different from how we feel about it
- You are already living the dream
- Brothers are more likely to make the similar income than be similar heights
- Be content with what you have
- Don’t give up what you have because you want/need for something you don’t have and don’t need
- Ice ages are caused by mild summers that don’t melt all the winter snow
- Highest returns tend to be one time hits
- Margin of safety is the most important thing
- Having cash on hand is vital to weathering downtown
- Having expensive things does not make us content
- Fevers are good
- Invest based on what is reasonable not what is rational
- “Things that have never happened before, happen all the time.”
- It is different about 20% of the time
- We started develop a notion that all Americans should have basically the same lifestyle and using debt is okay to do this
- “The more the internet exposes difference in lifestyle, the more people get pissed.”