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— Muhammad Ali"Santa Claus was white and everything bad was black. The little ugly duckling was the black duck, and the black cat was the bad luck. And if I threaten you, I'm going to blackmail you.I said, 'Momma, why don't they call it 'whitemail'? They lie too.'"
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Here is part of the tradeoff with diversification. You must be diversified enough to survive bad times or bad luck so that skill and good process can have the chance to pay off over the long term.
— Joel Greenblatt
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Our bad luck is that our writing is linear, while we think circularly.
— Zygmunt Bauman
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