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— Henry Brougham, 1st Baron Brougham and Vaux"Make sobriety a habit, and intemperance will be hateful; make prudence a habit, and reckless profligacy will be as contrary to the nature of the child, grown or adult, as the most atrocious crimes, are to any of us."
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We are neither obstinately nor wilfully to oppose evils, nor truckle under them for want of courage, but that we are naturally to give way to them, according to their condition and our own, we ought to grant free passage to diseases; and I find they stay less with me who let them alone. And I have lost those which are reputed the most tenacious and obstinate of their own defervescence, without any help or art, and contrary to their rules. Let us a little permit nature to take her own way; she better understands her own affairs than we.
— Michel de Montaigne
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In a world in which most investors appear interested in figuring out how to make money every second and chase the idea du jour, there's also something validating about the message that it's okay to do nothing and wait for opportunities to present themselves or to pay off. That's lonely and contrary a lot of the time, but reminding yourself that that's what it takes is quite helpful.
— Seth Klarman
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