The brain is where most people really screw up.
When reviewing one's portfolio, it is important to be aware of common mental mistakes that may lead to bad decisions. The most powerful is commitment bias, which, as manifested in investing, is the tendency to fall in love with one's stocks.
We will gradually become indifferent to what goes on in the minds of other people when we acquire a knowledge of the superficial nature of their thoughts, the narrowness of their views and of the number of their errors. Whoever attaches a lot of value to the opinions of others pays them too much honor.
Too much pessimism has led too many men into making serious mistakes. And perhaps part of our pessimism comes because we are too close to ourselves to see in proper perspective.
It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.
You have to say what comes into your head, and sometimes the wrong words come, in the wrong order or I'd make prophecies which immediately turned out to be wrong.
A lot of times losing a game is not taking care of the football, foolish penalties.
More than any other major sport, professional or amateur, college football games are decided by the physical incompetence and downright chokery of their players.
