You have to be able to admit when you’re wrong and get out of a losing position quickly. The worst thing you can do is hold onto a losing trade hoping it will come back.

The hardest thing to explain is the glaringly evident which everybody had decided not to see.

预测未来的最好方式就是创造未来。

The difference between a good business and a bad business is that good businesses throw up one easy decision after another. The bad businesses throw up painful decisions time after time.