Experience comes while seeking something else
“‘Experience is what you find when you're looking for something else.’” — A friend
Investing
Warren Buffett's July 1967 letter to Buffett Partnership partners, one of the letters in Buffett Partnership Letters, 1957–1970.
The tide outweighs the swimmers
“The tide continues to be far more important than the swimmers.”
Outcome matters more than income
“(I consider the whole Income-Principal Myth fair game for one of my soft-spoken gently worded critiques. As I told Susie in the early days of our marriage, ‘Don't worry about the income; just the outcome.’)”
Personal understanding rivals the legal agreement
“Whereas the Partnership Agreement represents the legal understanding among us, the 'Ground Rules' represent the personal understanding and in some ways is the more important document.”