The Big Question Is: When Will The

It's More Important To Do Big Things Well Than To Do Small Things Perfectly.

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.

I'm Scared Of One Man, One Vote Because It Suggests That Everybody Has An Equal Ability At Making Decisions, And I Think That's Dangerous.

Over Time, It Also Became Important For Me To Share My Management Principles With The People I Worked With Because We Had To Agree On How We Should Be With Each Other - And That Way Is Unique. Because The Logic Behind Being Radically Honest And Radically Transparent With Each Other Wasn't Clear, It Had To Be Spelled Out In These Principles.

The Most Important Thing You Can Have Is A Good Strategic Asset Allocation Mix. So, What The Investor Needs To Do Is Have A Balanced, Structured Portfolio – A Portfolio That Does Well In Different Environments…. We Don't Know That We're Going To Win. We Have To Have Diversified Bets.