Digital Museum of Wenbin - Latest items and digestshttps://www.wenbin.orgI built ListenNotes.com, microfeed.org, PodcastAPI.com, Listen411.com and CurateKit.com. I like curating things. The world is a museum without walls.enSun, 12 Apr 2026 22:23:45 +0000https://cdn-media-1.curatekit.com/images/collection/4Ai6v-pfrY2/019cf4ee3dbd7a3aad1f82418ad6cd14.pngDigital Museum of Wenbin - Latest items and digestshttps://www.wenbin.orgStocks are a safe bet. But only if you stay invested long enough to ride out the corrections.https://www.wenbin.org/i/_G2LDdmUZgP/Peter LynchSun, 12 Apr 2026 22:23:45 +0000item:_G2LDdmUZgP17760326250902026-04-12T22:23:45.090000+00:00ADfalseSelling your winners and holding your losers is like cutting the flowers and watering the weeds.https://www.wenbin.org/i/8V0aAwjngxU/Peter LynchSat, 11 Apr 2026 06:59:11 +0000item:8V0aAwjngxU17758907518062026-04-11T06:59:11.806000+00:00ADfalseThe goal of investment is to find situations where it is safe not to diversify.https://www.wenbin.org/i/5bxypcwigYX/Charlie MungerSat, 11 Apr 2026 01:12:37 +0000item:5bxypcwigYX17758699571782026-04-11T01:12:37.178000+00:00ADfalseI like to deal with people where I feel a one-page contract will do the job. If I have to have 50 pages in there to protect me against the guy I'm dealing with, I'll always wonder whether I needed 51.https://www.wenbin.org/i/hlNvJb8KOH0/Warren BuffettFri, 10 Apr 2026 14:45:27 +0000item:hlNvJb8KOH017758323279892026-04-10T14:45:27.989000+00:00ADfalseIt takes 3 qualities to do well…[reasonable] intelligence, energy, & integrity… You may not be able to throw a football 60 yards, run the 100 in 9.8, [or] sink 3-pointers, but you can choose where you stand on the integrity scale. That is a choice you make.https://www.wenbin.org/i/eUAbcVu6nH_/Warren BuffettFri, 10 Apr 2026 14:43:37 +0000item:eUAbcVu6nH_17758322177142026-04-10T14:43:37.714000+00:00ADfalseYou don't need perfect. If you're 96% sure, that's all you're entitled to in many cases. I see these people doing this due diligence and the weaker they are as thinkers, the more due diligence they do. It's just a way of allaying inner insecurity.https://www.wenbin.org/i/9Ygk1VmuGyJ/Charlie MungerThu, 09 Apr 2026 15:04:56 +0000item:9Ygk1VmuGyJ17757470965662026-04-09T15:04:56.566000+00:00ADfalseFairmont San Franciscohttps://www.wenbin.org/i/fUbgjpJKoqe/You don't have to stay here, but you should definitely drop in! It’s the birthplace of the United Nation, a favorite for US Presidents, and a total Hollywood star (check out the movie posters downstairs). Pro tip: if you’re here for the holidays, the lobby decorations are next-level. Don't miss the celebrity photo wall right by the main entrance!Wed, 08 Apr 2026 18:14:59 +0000item:fUbgjpJKoqe17756720993582026-04-08T18:14:59.358000+00:00ADfalseAlcatraz Islandhttps://www.wenbin.org/i/w7BfOmuLTM5/It is usually on the list of must-see spots in San Francisco. In case you haven't been there before, it is better to visit this time. Trump is looking to turn this tourist spot back into a real prison, so we might not be able to visit it again in the future.Wed, 08 Apr 2026 18:09:35 +0000item:w7BfOmuLTM517756717756372026-04-08T18:09:35.637000+00:00ADfalseFiloli | Historic House & Gardenhttps://www.wenbin.org/i/0OzquvTecXN/This is where Joe Biden had dinner with China's president not too long ago. It has a beautiful garden and a huge mansion. You could easily spend half day there.Wed, 08 Apr 2026 18:08:10 +0000item:0OzquvTecXN17756716903222026-04-08T18:08:10.322000+00:00ADfalseCharles M. Schulz Museumhttps://www.wenbin.org/i/UD_vxqjS4Na/It's a museum about the author of Peanuts / Charlie Brown / SnoopyWed, 08 Apr 2026 18:07:43 +0000item:UD_vxqjS4Na17756716632002026-04-08T18:07:43.200000+00:00ADfalseMusée Mécaniquehttps://www.wenbin.org/i/YrzbyDhwxQe/Located near fisherman's wharf. It is a museum for vintage arcade games and is free to enter. You can buy coins there if you want to play some games.Wed, 08 Apr 2026 18:07:12 +0000item:YrzbyDhwxQe17756716323672026-04-08T18:07:12.367000+00:00ADfalseHouse of Prime Ribhttps://www.wenbin.org/i/R_knP1Tj-OQ/Founded in 1949. This is probably the hardest place to get a table in SF, but it is worth it. The food and the experience are great. You can try to book a table for dinner on the same morning, or you can just walk in (wait time usually 1+ hr). Sometimes it is easier to get a table if you search for an odd number of people, like 3 or 5.Wed, 08 Apr 2026 18:06:12 +0000item:R_knP1Tj-OQ17756715722252026-04-08T18:06:12.225000+00:00ADfalseBrilliance is the ability to simplify a mass amount of information into a simple yes/no decision.https://www.wenbin.org/i/s3ahQpgYc6S/Warren BuffettWed, 08 Apr 2026 13:48:13 +0000item:s3ahQpgYc6S17756560939082026-04-08T13:48:13.908000+00:00ADfalseI’ve been investing over…probably 25,000 days. If you took the headlines from the [news] of those 25,000 days…I’ll bet a majority…certainly wouldn’t be good news or optimistic… America works, but the headlines are frequently going to be kind of alarmist.https://www.wenbin.org/i/yrMv2-hzots/Warren BuffettTue, 07 Apr 2026 22:56:45 +0000item:yrMv2-hzots17756026053932026-04-07T22:56:45.393000+00:00ADfalseAll intelligent people should think primarily in terms of opportunity cost. When deciding whether to do something compare it with the best opportunity you have.https://www.wenbin.org/i/kefUbMVLYiT/Charlie MungerMon, 06 Apr 2026 04:43:53 +0000item:kefUbMVLYiT17754506339852026-04-06T04:43:53.985000+00:00ADfalseNetflix culture slideshttps://www.wenbin.org/i/cVXMg_-50WB/So classicMon, 06 Apr 2026 04:10:46 +0000item:cVXMg_-50WB17754486460392026-04-06T04:10:46.039000+00:00ADfalseThe profitability of American business determines the profitability of what the owners of American business [earn] — and you can forget all about the little ticker symbols and everything else.https://www.wenbin.org/i/NYKH_qDm7nQ/Warren BuffettSun, 05 Apr 2026 05:22:38 +0000item:NYKH_qDm7nQ17753665589142026-04-05T05:22:38.914000+00:00ADfalseIf you’ve got 150 IQ and you’re in my business, go sell 20 or 30 points to somebody else because you really don’t need it. You need emotional stability.https://www.wenbin.org/i/nP8p23_6jc1/Warren BuffettSat, 04 Apr 2026 05:12:01 +0000item:nP8p23_6jc117752795218562026-04-04T05:12:01.856000+00:00ADfalseThe highest form of wealthhttps://www.wenbin.org/i/v3atsjTWxwk/1. Controlling your time and the ability to wake up and say, “I can do whatever I want today.” 2. When money becomes like oxygen: so abundant relative to your needs that you don’t have to think about it despite it being a critical part of your life. 3. A career that allows for intellectual honesty.Sat, 04 Apr 2026 02:58:15 +0000item:v3atsjTWxwk17752714958342026-04-04T02:58:15.834000+00:00ADfalseNever underestimate the man who overestimates himself. These weird guys who overestimate themselves occasionally knock it right out of the park.https://www.wenbin.org/i/UIPv3FajdBX/Charlie MungerFri, 03 Apr 2026 23:13:44 +0000item:UIPv3FajdBX17752580243912026-04-03T23:13:44.391000+00:00ADfalsePeople calculate too much and think too little.https://www.wenbin.org/i/DrUuYbpM56Q/Charlie MungerThu, 02 Apr 2026 19:50:57 +0000item:DrUuYbpM56Q17751594570772026-04-02T19:50:57.077000+00:00ADfalseBad news is an investor's best friend. It lets you buy at a marked-down price.https://www.wenbin.org/i/yj4JAKu_NBz/Warren BuffettThu, 02 Apr 2026 06:32:24 +0000item:yj4JAKu_NBz17751115444432026-04-02T06:32:24.443000+00:00ADfalseHow to Get Rich (without getting lucky)https://www.wenbin.org/i/Q27-oDhqH68/Naval's classic tweetstormThu, 02 Apr 2026 03:50:02 +0000item:Q27-oDhqH6817751018028382026-04-02T03:50:02.838000+00:00ADfalseThe best armour of old age is a well spent life preceding it.https://www.wenbin.org/i/Ba5UbqrV2nI/Charlie MungerWed, 01 Apr 2026 15:29:21 +0000item:Ba5UbqrV2nI17750573613642026-04-01T15:29:21.364000+00:00ADfalseIf you want a formula, you should go back to graduate school. They will give you lots of formulas that won't work. When Costco was selling at about 12 to 13x earnings, I thought that was a ridiculously low value…but I can't reduce that to a formula for you.https://www.wenbin.org/i/x9zdMK8Pmf5/Charlie MungerFri, 27 Mar 2026 15:27:44 +0000item:x9zdMK8Pmf517746252644622026-03-27T15:27:44.462000+00:00ADfalseIt’s so simple: you spend less than you earn. Invest shrewdly. Avoid toxic people and toxic activities. Try to keep learning all your life. And do a lot of deferred gratification. If you do all those things, you are almost certain to succeed. And if you don’t, you’ll need a lot of luck. And you don’t want to need a lot of luck. You want to go into a game where you’re very likely to win without having any unusual luckhttps://www.wenbin.org/i/BIPtZcMlpub/Charlie MungerThu, 26 Mar 2026 17:48:56 +0000item:BIPtZcMlpub17745473360772026-03-26T17:48:56.077000+00:00ADfalseNo wise pilot, no matter how great his talent and experience, fails to use a checklist.https://www.wenbin.org/i/WA-PNBdbTEY/Charlie MungerWed, 25 Mar 2026 23:59:18 +0000item:WA-PNBdbTEY17744831585282026-03-25T23:59:18.528000+00:00ADfalseI regard Berkshire Hathaway sort of like a painter regards a painting. The difference being that the canvas is unlimited. There’s no finish line…[Investing’s] a game that you can continue to play.https://www.wenbin.org/i/enky3hugQFJ/Warren BuffettMon, 23 Mar 2026 19:27:04 +0000item:enky3hugQFJ17742940240562026-03-23T19:27:04.056000+00:00ADfalseIt’s more important…what’s on your inner scorecard than your outer scorecard. Some people get in a position where they’re thinking all of the time of what the world’s going to think of this or that instead of what they themselves think. If you’re comfortable with your inner scorecard, I think you’re going to have a pretty happy life. I think the people that strive too much for the outer scorecard sometimes finds that it’s a little hollow when they get all through.https://www.wenbin.org/i/1bLDM7wzrq9/Warren BuffettMon, 23 Mar 2026 14:31:27 +0000item:1bLDM7wzrq917742762878532026-03-23T14:31:27.853000+00:00ADfalseAn intense interest in a subject is indispensable if you are really going to excel in it.https://www.wenbin.org/i/vQJgYCfmsVU/Charlie MungerSun, 22 Mar 2026 00:56:20 +0000item:vQJgYCfmsVU17741409800932026-03-22T00:56:20.093000+00:00ADfalseTime is the friend of the wonderful company, the enemy of the mediocre.https://www.wenbin.org/i/zVpasLBJiRN/Warren BuffettSat, 21 Mar 2026 19:33:38 +0000item:zVpasLBJiRN17741216185642026-03-21T19:33:38.564000+00:00ADfalseSelling your winners and holding your losers is like cutting flowers and watering weeds.https://www.wenbin.org/i/tFgT0K5yHdh/Peter LynchSat, 21 Mar 2026 19:32:54 +0000item:tFgT0K5yHdh17741215749742026-03-21T19:32:54.974000+00:00ADfalseBaremetrics sold for $4m and investors wrote off $800khttps://www.wenbin.org/i/ejwGRcYMaTS/In 2014/2015 Baremetrics received $800,000 in seed money from two investors: General Catalyst and Bessemer. They both were incredibly gracious and both agreed to write off their investment after Baremetrics sold for $4m.Fri, 20 Mar 2026 18:00:36 +0000item:ejwGRcYMaTS17740296365492026-03-20T18:00:36.549000+00:00ADfalseBuffer’s $3.3M Buyout of Series A Investorshttps://www.wenbin.org/i/0-_gD1Cawyh/In July 2018, Buffer spent $3.3 million—approximately half of its cash reserves—to buy out several of its main venture capital investors. The decision followed a shift in the company's strategy from hyper-growth to long-term sustainability and profitability, which diverged from traditional VC expectations. By executing this stock buyback, Buffer provided a 40.5% return to participating investors, regained greater corporate control, and cleared the way to offer future liquidity to seed investors and employees through profit-sharing rather than an exit or IPO.Fri, 20 Mar 2026 17:54:35 +0000item:0-_gD1Cawyh17740292757322026-03-20T17:54:35.732000+00:00ADfalseWistia’s $17.3M Debt Financing and Investor Buybackhttps://www.wenbin.org/i/n2_jA5IMH81/In 2017, the founders of Wistia, Chris Savage and Brendan Schwartz, turned down an offer to sell the company and instead raised $17.3 million in debt. The financing was used to buy out original angel investors and provide liquidity to employees, allowing the company to move away from a "growth at all costs" venture capital model. By shifting from equity to debt, the founders regained full control of the business, returned Wistia to profitability, and replaced traditional stock options with a profit-sharing program to support long-term, independent growth.Fri, 20 Mar 2026 17:52:25 +0000item:n2_jA5IMH8117740291452382026-03-20T17:52:25.238000+00:00ADfalseKPCB’s 2012 Investment of $7M in Gumroad and the 2017 $1 Buyouthttps://www.wenbin.org/i/YNwHhGgMFEu/In 2012, KPCB invested $7M in Gumroad. By late 2017, Gumroad bought back that stake for just $1. That is what staying 'founder-friendly' actually looks like in practice.Fri, 20 Mar 2026 17:48:30 +0000item:YNwHhGgMFEu17740289105922026-03-20T17:48:30.592000+00:00ADfalseIf you aren't happy having $100,000, you're not going to be happy if you have $100 million.https://www.wenbin.org/i/RkwKHpO5bQP/Warren BuffettFri, 20 Mar 2026 02:16:56 +0000item:RkwKHpO5bQP17739730161472026-03-20T02:16:56.147000+00:00ADfalseDRUDGE REPORThttps://www.wenbin.org/i/ZwvG5qkVh4M/Thu, 19 Mar 2026 18:48:40 +0000item:ZwvG5qkVh4M17739461205582026-03-19T18:48:40.558000+00:00ADfalseFive Links for March 2025 - Summation by Auren Hoffmanhttps://www.wenbin.org/i/o1VrwOTXHWc/Thu, 19 Mar 2026 18:48:29 +0000item:o1VrwOTXHWc17739461096072026-03-19T18:48:29.607000+00:00ADfalse"5-Bullet Friday" email newsletter by Tim Ferrisshttps://www.wenbin.org/i/mCt0D6V5dns/Thu, 19 Mar 2026 18:48:25 +0000item:mCt0D6V5dns17739461052542026-03-19T18:48:25.254000+00:00ADfalsekottke.org - home of fine hypertext productshttps://www.wenbin.org/i/XWH6ZMFALNR/Thu, 19 Mar 2026 18:48:21 +0000item:XWH6ZMFALNR17739461014182026-03-19T18:48:21.418000+00:00ADfalsetheSkimm - Your go-to for the info and tools you need to live your smartest life. | theSkimmhttps://www.wenbin.org/i/UEgzc6pIyna/Thu, 19 Mar 2026 18:48:16 +0000item:UEgzc6pIyna17739460960382026-03-19T18:48:16.038000+00:00ADfalseTechmemehttps://www.wenbin.org/i/240bAypRc8w/Thu, 19 Mar 2026 18:48:12 +0000item:240bAypRc8w17739460924942026-03-19T18:48:12.494000+00:00ADfalseLive Media Feed | REDEFhttps://www.wenbin.org/i/9F7NigC-50x/Thu, 19 Mar 2026 18:48:08 +0000item:9F7NigC-50x17739460888252026-03-19T18:48:08.825000+00:00ADfalseThe Best Writing On The Internethttps://www.wenbin.org/i/S2FcsUeCiam/Thu, 19 Mar 2026 18:48:05 +0000item:S2FcsUeCiam17739460851952026-03-19T18:48:05.195000+00:00ADfalseDaring Fireballhttps://www.wenbin.org/i/KwL8eiIglEt/Thu, 19 Mar 2026 18:48:00 +0000item:KwL8eiIglEt17739460806492026-03-19T18:48:00.649000+00:00ADfalsePluralistic: Daily links from Cory Doctorow – No trackers, no ads. Black type, white background. Privacy policy: we don't collect or retain any data at all ever period.https://www.wenbin.org/i/_yCJ0tlXB6o/Thu, 19 Mar 2026 18:47:29 +0000item:_yCJ0tlXB6o17739460493542026-03-19T18:47:29.354000+00:00ADfalseNever ruin an apology with an excuse.https://www.wenbin.org/i/Cp5v28wTeiO/Benjamin FranklinSat, 14 Mar 2026 06:53:19 +0000item:Cp5v28wTeiO17734711996212026-03-14T06:53:19.621000+00:00ADfalseThe Met Collection - The Metropolitan Museum of Arthttps://www.wenbin.org/i/1fJnGKO5-x7/Thu, 12 Mar 2026 16:39:00 +0000item:1fJnGKO5-x717733335400002026-03-12T16:39:00+00:00ADfalseBe yourself, everyone else is already taken.https://www.wenbin.org/i/J0giYh4sktd/Oscar WilderMon, 09 Mar 2026 18:04:19 +0000item:J0giYh4sktd17730794591182026-03-09T18:04:19.118000+00:00ADfalseThe second half of your life should be better than your first half. You should be wiser when you get older.https://www.wenbin.org/i/n6ZAjC23NTh/Warren BuffettSun, 08 Mar 2026 06:44:02 +0000item:n6ZAjC23NTh17729522426622026-03-08T06:44:02.662000+00:00ADfalseGood software knows when to stophttps://www.wenbin.org/i/560GbarNl8C/We should normalize "finished" software products that stop feature creep and focus strictly on bug fixes and security updates. It takes real courage for a builder to say, "It’s good enough. It’s complete. It serves the core use cases well." If people want more features? Great, make it a separate product under a new brand. Evernote and Dropbox were perfect in 2012. Adding more features just to chase new user growth often comes at the expense of confusing the existing user base. Not good - WenbinThu, 05 Mar 2026 17:09:00 +0000item:560GbarNl8C17727305400002026-03-05T17:09:00+00:00ADfalseThe truth is, you’ve got to expect good times and bad times in business…[Don’t] try to time the purchase…try to make the right purchase at the right price and make sure you’ve got a good business.https://www.wenbin.org/i/cVsxezHGUfM/Warren BuffettTue, 03 Mar 2026 15:34:51 +0000item:cVsxezHGUfM17725520912012026-03-03T15:34:51.201000+00:00ADfalseThe Buffett Archivehttps://www.wenbin.org/i/X0lC_IiTmF2/Perplexity created this Warren Buffett page.Tue, 03 Mar 2026 03:43:00 +0000item:X0lC_IiTmF217725093800002026-03-03T03:43:00+00:00ADfalsePatience and aggressive opportunism is what you need. It's an odd combination, but it's what works best.https://www.wenbin.org/i/ACH7oeY5GZ2/Charlie MungerMon, 02 Mar 2026 15:53:28 +0000item:ACH7oeY5GZ217724668088382026-03-02T15:53:28.838000+00:00ADfalseThe whole Walt Disney Company was selling for $80 million in 1966, debt-free. $4 million bought us 5% of the company. They spent $17 million on the Pirates [of the Caribbean] ride. Here was a company selling at less than 5x rides - and they had a lot of rides!https://www.wenbin.org/i/KbMH7iAQNyf/Warren BuffettMon, 02 Mar 2026 15:36:06 +0000item:KbMH7iAQNyf17724657669752026-03-02T15:36:06.975000+00:00ADfalseMaker's Schedule, Manager's Schedulehttps://www.wenbin.org/i/-CjZMaPWpBc/paul grahamSat, 28 Feb 2026 03:19:00 +0000item:-CjZMaPWpBc17722487400002026-02-28T03:19:00+00:00ADfalseNational Gallery of Art (USA)https://www.wenbin.org/i/0y7sq9NAFOh/Search and browse 140,000 artworks from National Gallery of Art, Constitution Ave. NW, Washington, DC 20565Fri, 27 Feb 2026 22:14:00 +0000item:0y7sq9NAFOh17722304400002026-02-27T22:14:00+00:00ADfalseExplore the collection | Paintings | National Gallery, Londonhttps://www.wenbin.org/i/L506hsZFwK7/Search and browse 2,400 paintings and other works of art from National Gallery, London, Trafalgar Square, London WC2N 5DN, United KingdomFri, 27 Feb 2026 22:00:00 +0000item:L506hsZFwK717722296000002026-02-27T22:00:00+00:00ADfalseOur system unleashes people's potential. And we've got 312 million people that want to do better tomorrow than today. Over time, that works. This country goes forward, and it'll continue to go forward. The luckiest person in history on a probability basis is the baby being born in the United States today.https://www.wenbin.org/i/COn0fNeybp8/Warren BuffettFri, 27 Feb 2026 04:43:38 +0000item:COn0fNeybp817721674180492026-02-27T04:43:38.049000+00:00ADfalseWe have a wonderful system that eventually is self-cleansing and always moves forward. Five years from now, 10 years from now, the world everywhere will be doing better.https://www.wenbin.org/i/AHvsSP3gOx6/Warren BuffettFri, 27 Feb 2026 04:39:18 +0000item:AHvsSP3gOx617721671584542026-02-27T04:39:18.454000+00:00ADfalseWe always live in an uncertain world. What is certain is that the United States will go forward over time.https://www.wenbin.org/i/CgVWNFE_9HP/Warren BuffettFri, 27 Feb 2026 04:38:35 +0000item:CgVWNFE_9HP17721671151592026-02-27T04:38:35.159000+00:00ADfalseIn fact, the true investor welcomes volatility ... because a wildly fluctuating market means that irrationally low prices will periodically be better attached to solid businesses. It is impossible to see how the availability of such prices can be thought of as increasing the hazards for an investor who is totally free to either ignore the market or exploit its folly.https://www.wenbin.org/i/3O6d2D7Rn_W/Warren BuffettFri, 27 Feb 2026 04:37:17 +0000item:3O6d2D7Rn_W17721670377682026-02-27T04:37:17.768000+00:00ADfalseThe best way to get what you want in life is to deserve what you want. If you apply that to business, that means you really take care of the customers.https://www.wenbin.org/i/uELDFtBT5Wi/Charlie MungerThu, 26 Feb 2026 16:21:44 +0000item:uELDFtBT5Wi17721229048372026-02-26T16:21:44.837000+00:00ADfalseYou have to have the attitude that you’re buying into a business. You’re not buying something that [just] wiggles around on a chart. And if you buy intelligently into a business, you’re going to make money.https://www.wenbin.org/i/wERi85u0FDx/Warren BuffettSun, 22 Feb 2026 01:09:09 +0000item:wERi85u0FDx17717225494392026-02-22T01:09:09.439000+00:00ADfalseI have a friend whose grandmother used to say that she couldn't understand why people got into envy-jealousy because it was the only one of the sins that you could never possibly have any fun at.https://www.wenbin.org/i/La7vxzt3G9K/Charlie MungerSat, 21 Feb 2026 00:38:56 +0000item:La7vxzt3G9K17716343362152026-02-21T00:38:56.215000+00:00ADfalseA clever person solves a problem; a wise person avoids it.https://www.wenbin.org/i/rbMVo-e0xQn/AnonymousFri, 20 Feb 2026 22:35:49 +0000item:rbMVo-e0xQn17716269497842026-02-20T22:35:49.784000+00:00ADfalseBy owning great companies, you can just forget about all the noise and the irrational market fluctuations—and slowly get rich.https://www.wenbin.org/i/6ly4AziHx-J/Francois RochonThu, 19 Feb 2026 02:52:10 +0000item:6ly4AziHx-J17714695303692026-02-19T02:52:10.369000+00:00ADfalseWhen we make a decision, there ought to be such a margin of safety [and] it ought to be so attractive that you don't have to carry it out to three decimal places.https://www.wenbin.org/i/u1wSqBzl6aF/Warren BuffettWed, 18 Feb 2026 19:21:05 +0000item:u1wSqBzl6aF17714424657752026-02-18T19:21:05.775000+00:00ADfalseIt's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong.https://www.wenbin.org/i/9SGrL-UONCy/George SorosTue, 17 Feb 2026 22:29:05 +0000item:9SGrL-UONCy17713673451102026-02-17T22:29:05.110000+00:00ADfalseCharlie and I have always thought that our cost of capital is represented by what we can do with our second-best idea.https://www.wenbin.org/i/YR-EM7gAiFJ/Warren BuffettTue, 17 Feb 2026 17:25:42 +0000item:YR-EM7gAiFJ17713491422342026-02-17T17:25:42.234000+00:00ADfalseThe really great business is one that doesn’t require good management. That’s a terrific business. The poor business is one that can only succeed or survive with great management.https://www.wenbin.org/i/1SWVc3mHxst/Warren BuffettTue, 17 Feb 2026 17:02:55 +0000item:1SWVc3mHxst17713477752982026-02-17T17:02:55.298000+00:00ADfalseThe real key to making money in stocks is not to get scared out of them.https://www.wenbin.org/i/n3LkzJeOS6N/Peter LynchTue, 17 Feb 2026 08:02:10 +0000item:n3LkzJeOS6N17713153301542026-02-17T08:02:10.154000+00:00ADfalseIt’s not what you buy, it’s what you pay for it. And what you pay for it is determined by the psychology of the market.https://www.wenbin.org/i/Ym-cIVRd1KF/Howard Marks - You can buy a mediocre company in a dying industry, but if the price is so low that you are basically buying the cash in its bank account for fifty cents on the dollar, it is a great investment.Tue, 17 Feb 2026 08:00:20 +0000item:Ym-cIVRd1KF17713152202022026-02-17T08:00:20.202000+00:00ADfalseThe stock market is a no-called-strike game. You don't have to swing at everything—you can wait for your pitch.https://www.wenbin.org/i/MIzpGixFwya/Warren BuffettTue, 17 Feb 2026 07:58:57 +0000item:MIzpGixFwya17713151377472026-02-17T07:58:57.747000+00:00ADfalseThe most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.https://www.wenbin.org/i/XVAbrklHPqi/Warren BuffettTue, 17 Feb 2026 07:58:02 +0000item:XVAbrklHPqi17713150827192026-02-17T07:58:02.719000+00:00ADfalseYou make most of your money in a bear market; you just don't realize it at the time.https://www.wenbin.org/i/8FPSVceoTwG/Shelby Cullom Davis - In a bear market, your account balance drops, and it feels like a disaster. But if you have the courage to buy, you are acquiring more shares of great companies at a fraction of their valueTue, 17 Feb 2026 07:56:31 +0000item:8FPSVceoTwG17713149915102026-02-17T07:56:31.510000+00:00ADfalseThe goal of an investment is not to buy something at a low price, but to buy a business with a high return on capital at a reasonable price. Time is the friend of the wonderful business, the enemy of the mediocre.https://www.wenbin.org/i/f1IjSF0mA_Z/Charlie MungerTue, 17 Feb 2026 07:54:40 +0000item:f1IjSF0mA_Z17713148802222026-02-17T07:54:40.222000+00:00ADfalseInvesting is the intersection of economics and psychology. The economics tell you what a business is worth; the psychology tells you why it’s currently mispriced.https://www.wenbin.org/i/h3nQw2CEHkR/Seth KlarmanTue, 17 Feb 2026 07:53:53 +0000item:h3nQw2CEHkR17713148338692026-02-17T07:53:53.869000+00:00ADfalseThe stock market is filled with individuals who know the price of everything, but the value of nothing.https://www.wenbin.org/i/SG9eZ7ubfUr/This is a famous adaptation of an Oscar Wilde quote, frequently used by Philip FisherTue, 17 Feb 2026 07:52:06 +0000item:SG9eZ7ubfUr17713147269062026-02-17T07:52:06.906000+00:00ADfalseWall Street sometimes gets confused between risk and uncertainty, and you can profit handsomely from that confusion. The low-risk, high-uncertainty opportunity gives us our most sought-after odds: Heads, I win; tails, I don't lose much.https://www.wenbin.org/i/O9pyXwhoTZx/Mohnish PabraiTue, 17 Feb 2026 07:51:04 +0000item:O9pyXwhoTZx17713146640092026-02-17T07:51:04.009000+00:00ADfalseThe investor’s chief problem—and even his worst enemy—is likely to be himself.https://www.wenbin.org/i/eZXjH783tql/Benjamin GrahamTue, 17 Feb 2026 07:50:09 +0000item:eZXjH783tql17713146096122026-02-17T07:50:09.612000+00:00ADfalseThe biggest mistake people make in the stock market is to look at the price as the reality. The price is just a consensus of what people who don’t know what they’re doing think at that moment.https://www.wenbin.org/i/ifXLChEK3AS/François RochonTue, 17 Feb 2026 07:49:43 +0000item:ifXLChEK3AS17713145834842026-02-17T07:49:43.484000+00:00ADfalseThe best way to evaluate a company is to look at its return on incremental invested capital. If a business can reinvest its own cash at high rates of return, it is a compounding machine. If it can’t, it’s just a cash cow in a terminal decline.https://www.wenbin.org/i/FObqkWhi5Ne/Chuck AkreTue, 17 Feb 2026 07:48:18 +0000item:FObqkWhi5Ne17713144986252026-02-17T07:48:18.625000+00:00ADfalseIf you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. If you have to have a prayer session before raising the price by 10%, then you’ve got a bad business.https://www.wenbin.org/i/g8N7j1hMG_Z/warren buffetTue, 17 Feb 2026 07:47:19 +0000item:g8N7j1hMG_Z17713144394992026-02-17T07:47:19.499000+00:00ADfalseThe game is won by players who focus on the playing field not by those whose eyes are glued to the scoreboard.https://www.wenbin.org/i/hrp34w6csqG/Warren BuffettTue, 17 Feb 2026 03:10:15 +0000item:hrp34w6csqG17712978151052026-02-17T03:10:15.105000+00:00ADfalseThe best business is a royalty on the growth of others, requiring little capital of its own.https://www.wenbin.org/i/BFRJHC8heTK/Thomas Phelps - stop looking for "cheap assets" and start looking for "compounding machines" that can grow without needing more of your money to do it.Tue, 17 Feb 2026 01:36:07 +0000item:BFRJHC8heTK17712921672402026-02-17T01:36:07.240000+00:00ADfalseThe hardest thing for an investor is to do nothing when there is nothing to do. Most of the 'activity' in the market is just people trying to look busy.https://www.wenbin.org/i/GXwt8Yh1KlW/Seth KlarmanTue, 17 Feb 2026 00:13:56 +0000item:GXwt8Yh1KlW17712872368202026-02-17T00:13:56.820000+00:00ADfalseThe most important thing to do is to find a business that even a fool can run, because sooner or later, one will.https://www.wenbin.org/i/ReCVg7dp4qP/Peter LynchTue, 17 Feb 2026 00:13:22 +0000item:ReCVg7dp4qP17712872029912026-02-17T00:13:22.991000+00:00ADfalseThe most important thing to do is to find a business with a wide, sustainable moat, and then don't look at it for ten years.https://www.wenbin.org/i/QTB8C-1dy9u/Charlie MungerTue, 17 Feb 2026 00:11:45 +0000item:QTB8C-1dy9u17712871055802026-02-17T00:11:45.580000+00:00ADfalseThe best way to achieve an above-average return is to reduce the number of decisions you make. If you find a truly great business, doing nothing is the hardest and most productive work you will ever do.https://www.wenbin.org/i/KWJR3Aakn5f/Nick SleepTue, 17 Feb 2026 00:10:44 +0000item:KWJR3Aakn5f17712870440702026-02-17T00:10:44.070000+00:00ADfalseWe are looking for companies that have a terminal value that is not only high but predictable. If you cannot see the end of the movie, do not buy the ticket.https://www.wenbin.org/i/4UkLiV6_QPC/Mohnish PabraiTue, 17 Feb 2026 00:10:05 +0000item:4UkLiV6_QPC17712870059722026-02-17T00:10:05.972000+00:00ADfalseGrowth is not a separate category of investing; it's a component of value.https://www.wenbin.org/i/Fmr4XSwhtAb/Warren BuffettTue, 17 Feb 2026 00:04:43 +0000item:Fmr4XSwhtAb17712866830852026-02-17T00:04:43.085000+00:00ADfalseWe don’t get paid for activity, just for being right.https://www.wenbin.org/i/ocaJfGgCx0t/Warren BuffettMon, 16 Feb 2026 23:18:20 +0000item:ocaJfGgCx0t17712839001502026-02-16T23:18:20.150000+00:00ADfalseBefore looking at new investments, we consider adding to old ones. If a business is attractive enough to buy once, it may well pay to repeat the process.https://www.wenbin.org/i/JVK7aym5evb/Warren BuffettMon, 16 Feb 2026 23:17:46 +0000item:JVK7aym5evb17712838660992026-02-16T23:17:46.099000+00:00ADfalseVolatility is the price of admission—the prize inside is superior long-term returns.https://www.wenbin.org/i/iRrhZo-Ht6U/Morgan HouselMon, 16 Feb 2026 23:17:21 +0000item:iRrhZo-Ht6U17712838412462026-02-16T23:17:21.246000+00:00ADfalseAll the math you need in the stock market you get in the fourth grade.https://www.wenbin.org/i/kXBErTmSn6e/Peter LynchMon, 16 Feb 2026 23:16:04 +0000item:kXBErTmSn6e17712837640832026-02-16T23:16:04.083000+00:00ADfalseIf you think a business is going to be around in 10-20 years, and if they’re going to be able to price advantageously—that’s going to be a good business.https://www.wenbin.org/i/RBoxk60KnyC/Warren BuffettMon, 16 Feb 2026 23:14:18 +0000item:RBoxk60KnyC17712836582412026-02-16T23:14:18.241000+00:00ADfalseIf you buy things you do not need, soon you will have to sell things you need.https://www.wenbin.org/i/fKUX2EkqyH8/Warren BuffettMon, 16 Feb 2026 23:13:49 +0000item:fKUX2EkqyH817712836298082026-02-16T23:13:49.808000+00:00ADfalseThe point of getting rich is so you don't have to work with people you don't like or get along with people you don't want tohttps://www.wenbin.org/i/OGjcYlbfA0m/Charlie MungerSun, 15 Feb 2026 17:48:31 +0000item:OGjcYlbfA0m17711777118992026-02-15T17:48:31.899000+00:00ADfalse