Avoid having your ego so close to your position that when your position falls, your ego goes with it.
Colin PowellRead
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9 quotes
Avoid having your ego so close to your position that when your position falls, your ego goes with it.
Success is always dangerous, and we need to be alert and avoid becoming the victims of our own success. Will we influence the world for Christ, or will the world influence us?
I was taught to confront things you can't avoid. Death is one of those things. To live in a society where you're trying not to look at it is stupid because looking at death throws us back into life with more vigour and energy. The fact that flowers don't last for ever makes them beautiful.
Rather than engage in the sort of selective retention that so many investors tend to do and pretend mistakes never happened, I prefer to 'own' them. This allows me to learn from them and, with any luck, avoid making the same errors again.
Avoid demonizing television, computer games, and new technologies. Electronic media may compete for kids' attention, but we're not going to get kids reading by badmouthing other entertainment. Admit that TV and games can do things books can't.
The best advice is to avoid foods with health claims on the label, or better yet avoid foods with labels in the first place.
I am always revolted when Islamic leaders, from Afghanistan or elsewhere, deny the very existence of female oppression, avoid the issue by pointing to examples of what they view as Western mistreatment of women, or even worse, justify the oppression of women on the basis of notions derived from Sharia law.
You almost can't avoid having some version of the multiverse in your studies if you push deeply enough in the mathematical descriptions of the physical universe.
Have rational expectations for future returns and avoid changing those expectations in response to the ephemeral noise coming from Wall Street.
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