Guy Spier's Time essay and Jason Zweig's Guy Spier article

On Buffett from : http://content.time.com/time/business/article/0,8599,1819293,00.html

"It's very important to live your life by an internal yardstick," he told us, noting that one way to gauge whether or not you do so is to ask the following question: "Would you rather be considered the best lover in the world and know privately that you're the worst — or would you prefer to know privately that you're the best lover in the world, but be considered the worst?"

Buffett has made a fine art of keeping this kind of distracting noise at bay: he said he even limits his contact with managers of businesses in which he invests, preferring to assess their companies' financial records — a more neutral source of information. Equally vital to his success, Buffett said he focuses only on investments that lie well within his "circle of competence." As a result, he confided, whenever he makes an investment, he has no doubt at all that he's right

"Successful stocks don't tell you when to sell. When you feel like bragging, it's probably time to sell."
-- John Neff

Quoth @LizWiseman: #Stress is caused by lack of control, not difficulty of work. People like hard work. #ChurchillClub #futureofwork

Warren Buffett on the impact driverless and safer cars will have on the insurance business:

“If they really work well then they are good socially. But sure, they could reduce the cost of insurance. Anything that improves, reduces accident rates, reduces death rates will reduce the cost of insurance. That’s basically a good thing for society. Overall the world would be better off if we didn’t have any car accidents.”

Warren Buffett on whether he would prefer investing in Blackberry or Bitcoin:

“I’d probably short them both.”

If a business earns 6% on capital over forty years, you’re not going to make much different than 6% return, even if you buy it at a huge discount. Conversely, if a business earns 18% on capital, you’ll end up with one hell of a return long term, even if you pay an expensive looking price."
-- Charlie Munger