"But to deny fate is arrogance, to declare that we are the sole shapers of our existence is madness;if you deny fate life becomes the series of missed opportunities, a regret for what never was and could have been, a remorse of what was not done and could have been done, and the present is wasted, twisted into another missed oppurtunity."

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You need to balance arrogance and humilitywhen you buy anything, it's an arrogant act. You are saying the markets are gyrating and somebody wants to sell this to me and I know more than everybody else so I am going to stand here and buy it. I am going to pay an 1/8th more than the next guy wants to pay and buy it. That's arrogant. And you need the humility to say 'but I might be wrong.' And you have to do that on everything

— Seth Klarman