The ideas of economists and political philosophers， both when they are right and when they are wrong， are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men， who believe themselves to be quite exempt from any intellectual influence， are usually the slaves of some defunct economist.

To succeed, planning alone is insufficient. One must improvise as well.

The best way to achieve long-term investment success is to focus on low-cost, broadly diversified index funds.

Maybe if we knew whatother people were thinking, we'd know that no one's ordinary. And we all deservea standing ovation at least once in our lives.