You can’t call your doctor or advisor everyday asking questions. You need to learn how to cope on your own.
Financial planning in the absence of an investment strategy designed to implement the plan is a f***ing fortune cookie.
You’re always trading one risk for another, not eliminating it.
The conscious wrestles with questions. The subconscious is waiting with our best answers.
I suspect that naming his public company “Not a Public Company” won’t actually work to get around securities laws
A mindset that can dump a personal fortune into colonizing Mars is not the kind of mindset that worries about the downsides of hyperbole.
We want the great body, but without the reps. We want the returns, but without the risks
Money is hard to talk about with family members.
Emotional Set Point is when we reach our goals and are inexplicably miserable
Take your business elsewhere
We don’t pedal in career risk
I’m Richard Thaler from the University of Chicago and I study dumb stuff people do
It’s the only town that’s liberal and racist
When you take over a young team you get a chance to establish the culture.
The biggest challenge we had was where to put all the money.
Portable alpha sounds ridiculous
If you give us a long enough time frame we will call ourselves a deep value manager. That’s how inefficiently priced these long-term innovation platforms are
Asking me what to do with extra cash is like asking a fraternity boy what to do with the beer.