Alice Schroeder
Warren Buffett built one of the most formidable financial empires in history not through complex models, but through relentless compounding, avoiding catastrophe risk, and living by an internal measure of success.
Evaluate the catastrophic downside of an investment before considering the potential returns so you avoid permanent loss of capital.
Measure your decisions and success against your own internal standards rather than seeking the fleeting admiration or validation of the crowd.
View wealth generation as a marathon where consistent, patient effort and the mathematical power of compounding outshine the allure of short-term shortcuts.