Low Downside Risk
It is only by being bold that you get anywhere. If you are a risk-taker, then the art is to protect the downside.” – Richard Branson.
How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” – Robert G. Allen.
The Right People
“In evaluating people, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you.” – Warren Buffett
The Right Opportunity
You have to be like a man standing with a spear next to a stream. Most of the time he’s doing nothing. When that juicy salmon swims by, the man spears it. Then he goes back to doing nothing. It may be six months before the next salmon goes by.” – Charlie Munger.