“You should have a strategic asset allocation mix that assumes that you don’t know what the future is going to hold.”

People who acquire things beyond their usefulness not only will derive little or no marginal gains from these acquisitions, but they also will experience negative consequences, as with any form of gluttony.

Success is achieved by people who deeply understand reality and know how to use it to get what they want. The converse is also true: idealists who are not well-grounded in reality create problems, not progress.

Almost everything is like a machine.

Meditation, more than any other factor, has been the reason for what success I’ve had.

When you think that it’s too hard, remember that in the long run, doing the things that will make you successful is a lot easier than being unsuccessful.

If you don’t own Gold, you know neither history nor economics.

When growth is slower than expected, stocks go down. When inflation is higher than expected, bonds go down. When inflation’s lower than expected, bonds go up.

Like the saying goes, don’t believe everything you read.

To test if you are worrying too much about looking good, observe how you feel when you find out you’ve made a mistake or don’t know something.

I believe that one of the best ways of getting at truth is reflecting with others who have opposing views and who share your interest in finding the truth rather than being proven right

The best advice I can give you is to ask yourself what do you want, then ask ‘what is true’ – and then ask yourself ‘what should be done about it.’ I believe that if you do this you will move much faster towards what you want to get out of life than if you don’t!

To be successful, we need everyone to think independently and work through disagreement to decide what’s best.

When you’re faced with a choice, you have one of three choices that you can have. You can have those with power decide. You can have one man, one vote. Or you can have believability-weighted decision-making.

I think meditation has been the single biggest reason for whatever success Ive had.

The main reason I write the daily observations is because I want to know where I’m wrong. So lots of times if somebody points something out it helps me, and I want to have a diversified bet of uncorrelated bets.

Do not feel bad about your mistakes or those of others. Love them! Remember that one: they are to be expected; two: they’re the first and most essential part of the learning process; and three: feeling bad about them will prevent you from getting better.

Start by assuming the market is always wrong, so if you copy everybody else on Wall Street, you’re doomed to do poorly.

The assumption of an absolute determinism is the essential foundation of every scientific enquiry.

The biggest misconception about work is that you need to spend the majority of your time doing it.

Truth is the only healthy place from which to speak. Assumption is the birthplace of godless chatter.

Every facet, every department of your mind, is to be programmed by you. And unless you assume your rightful responsibility, and begin to program your own mind, the world will program it for you.

Accept what you are able to do and what you are not able to do. Accept the past as past, without denying it or discarding it. Learn to forgive yourself and to forgive others. Don’t assume that it’s too late to get involved.

Actually, your past successes are your biggest obstacle: every battle, every war, is different, and you cannot assume that what worked before will work today.

We have no right to assume that any physical laws exist, or if they have existed up until now, that they will continue to exist in a similar manner in the future.