A Quote by Benjamin Graham
Before you invest, you must ensure that you have realistically assessed your probability of being right and how you will react to the consequences of being wrong.
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You have to fail, man, but you cannot allow failure to stop you from doing what you must do. Failing is just as good as succeeding in a lot of ways. It's how you react to it all. You can react to success the wrong way and be a total failure. Or you can react to losing with your whole heart, learn from it, and be a huge success. In stand-up, I've learned to know when I'm burning it up or when I'm being so-so. That's experience. I learn every single time I'm on a stage.
A choice with no consequences has no value. Making a choice knowing there will be consequences, and being willing to bear them, is what distinguishes the right choices from the wrong ones.
(...) being right all the time acquires a huge importance in education, and there is this terror of being wrong. The ego is so tied to being right that later on in life you are reluctant to accept that you are ever wrong, because you are defending not the idea but your self-esteem. (...) this terror of being wrong means that people have enormous difficulties in changing ideas.
Next to being right in this world, the best of all things is to be clearly and definitely wrong, because you will come out somewhere. If you go buzzing about between right and wrong, vibrating and fluctuating, you come out nowhere; but if you are absolutely and thoroughly and persistently wrong, you must, some of these days, have the extreme good fortune of knocking your head against a fact, and that sets you all straight again.
A realistic definition of risk recognizes the potential loss of capital through inflation and taxes, and would include at least the following two factors: The probability that the investment you chose will preserve your capital over the time you intend to invest your funds. The probability the investments you select will outperform alternative investments for this period.
You must never feel badly about making mistakes ... as long as you take the trouble to learn from them. For you often learn more by being wrong for the right reasons than you do by being right for the wrong reasons.
Even if you tell yourself "Today I'm going to drink coffee the wrong way ... from a dirty boot." Even that would be right, because you chose to drink coffee from that boot. Because you can do nothing wrong. You are always right. Even when you say, "I'm such an idiot, I'm so wrong..." you're right. You're right about being wrong. You're right even when you're an idiot. No matter how stupid your idea, you're doomed to be right because it's yours.
We hold the future in our hands, together, we must ensure that our grandchildren will not have to ask why we failed to do the right thing, and let them suffer the consequences.
Separate yourself from your ideas and your work and see them as something separate from yourself, you’ll feel you truly have the right to be wrong. If an idea fails, why not let it be the idea’s fault instead of your own? Allow your ideas to fail without turning them into personal defeat. When you fail you discover your boundaries. You map out the edges of your capabilities. And this allows you to eventually move beyond them. Being wrong eventually leads to being right. And even where it doesn’t, it’s still a more interesting path than being nothing.
There is nothing that strengthens the ego more than being right. Being right is identification with a mental position - a perspective, an opinion, a judgement, a story. For you to be right, of course, you need someone else to be wrong, as so the ego loves to make wrong in order to be right.
The real mark of your character comes from not how you react to your successes, of which I know there will be many. How you react to your failures, of which there will be, if you are bold, a number in your lifetime.
I think there is a tendency for people to get rigid and caught up in their beliefs of what is right and wrong, and they lose sight of humanity. Being human has to come first before right or wrong.
In short, my vision of a responsible free society is one in which we discourage evil, but do not prohibit it. We make our children and students aware of the consequences of drug abuse and other forms of irresponsible behavior. But after all our persuading, if they still want to use harmful drugs, that is their privilege. In a free society, individuals must have the right to do right or wrong, as long as they don't threaten or infringe upon the rights or property of others. They must also suffer the consequences of their actions, as it is from consequences that they learn to choose properly
One thing about being a performer is you're not just doing an intellectual job behind a desk; you're out there performing and being looked at, being assessed for really superficial stuff.
The development of beauty in chess never depends on you alone. No matter how much imagination and creativity you invest, you still do not create beauty. Your opponent must react at the same highest level.
If you punish a child for being naughty, and reward him for being good, he will do right merely for the sake of the reward; and when he goes out into the world and finds that goodness is not always rewarded, nor wickedness always punished, he will grow into a man who only thinks about how he may get on in the world, and does right or wrong according as he finds advantage to himself.
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