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— Seth Klarman"Right at the core, the mainstream has it backwards. Warren Buffett often quips that the first rule of investing is to not lose money, and the second rule is to not forget the first rule. Yet few investors approach the world with such a strict standard of risk avoidance."
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[E]mpathy - not squishy self-serving conflict avoidance - is the hand-maiden, not the enemy, of reason and intellectual inquiry.
— Ta-Nehisi Coates
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The summum bonum of this [Puritan] ethic is the earning of more and more money combined with the strict avoidance of all enjoyment.
— Max Weber
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