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— Albert Bandura"For many activities, people cannot rely solely on themselves in evaluating their ability level because such judgments require inferences from probabilistic indicants of talent about which they may have limited knowledge. Self-appraisals are, therefore, partly based on the opinions of others who presumably possess evaluative competence"
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A military man can scarcely pride himself on having smitten a sleeping enemy; it is more a matter of shame, simply, for the one smitten.
— Isoroku Yamamoto
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When a stock is selling at a discount to liquidation value per share, a near rock-bottom appraisal, it is frequently an attractive investment.
— Seth Klarman
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