“The revolutionary idea that defines the boundary between modern times and the past is the mastery of risk: the notion that the future is more than the whim of the gods and that men and women are not passive before nature. Until human beings discovered a way across that boundary, the future was a mirror of the past or the murky domain of oracles and soothsayers who held a monopoly over knowledge of anticipated events.” – Peter L. Bernstein
“Every single qualification for success is acquired through habit. People form habits and habits form futures. If you do not deliberately form good habits, then unconsciously you will form bad ones. You are the kind of person you are because you have formed the habit of being that kind of person, and the only way you can change is through habit.” – Albert Gray
“When the facts change, I change my mind. What do you do, sir?” – John Maynard Keynes
“Life is a constant series of opportunities. If we don’t reach out for things, if we don’t take advantage of what comes our way, then we cannot be in harmony with the essential nature of life.” – Ming-Dao Deng, 365 Tao: Daily Meditations
“I like putting all my eggs in one basket and then watching the basket very carefully.” – Stanley Druckenmiller
“There is no place for arrogance or complacency in racing because you are up there one minute and on your backside the next.” – Tony McCoy
“Of course, if a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of the ten thousand brothers and cousins of the original. The Mistake family is so large that there is always one of them around when you want to see what you can do in the fool-play line.” – Jesse Livermore
“When nothing seems to help, I go and look at a stonecutter hammering away at his rock, perhaps a hundred times without as much as a crack showing in it. Yet at the hundred and first blow it will split in two, and I know it was not that last blow that did it, but all that had gone before.” – Jacob A. Riis
