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— Michael Sandel"Parental love is not contingent on the talents and attributes the child happens to have. We choose our friends and spouses at least partly on the basis of qualities we find attractive. But we do not choose our children. Their qualities are unpredictable, and even the most conscientious parents cannot be held wholly responsible for the kind of child they have. That is why parenthood, more than other human relationships, teaches what the theologian William F. May calls an “openness to the unbidden."
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So one way to create an attractive risk/reward situation is to limit downside risk severely by investing in situations that have a large margin of safety. The upside, while still difficult to quantify, will usually take care of itself. In other words, look down, not up, when making your initial investment decision. If you don’t lose money, most of the remaining alternatives are good ones.
— Joel Greenblatt
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Between two products equal in price, function and quality, the one with the most attractive exterior will win.
— Raymond Loewy
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