-W. Somerset Maugham
Related Posts
- “Excess on occasion is exhilarating. It prevents moderation from acquiring the deadening effect of a habit.”
- “It’s a funny thing about life; if you refuse to accept anything but the best, you very often get it.”
- “There is a strange idea aboard, held by all monetary cranks, that credit is something a banker gives to a man. Credit, on the contrary, is something a man already has. He has it, perhaps, because he already has marketable assets of a greater cash value than the loan for which he is asking. Or he has it because his character and past record have earned it. He brings it into the bank with him. That is why the banker makes him the loan.”
- “What we call here a Black Swan (and capitalize it) is an event with the following three attributes. First, it is an outlier, as it lies outside the realm of regular expectations, nothing in the past can convincingly point to its possibility. Second, it carries an extreme impact. Third, in spite of its outlier status, human nature makes us concoct explanations for its occurrence after the fact, making it explainable and predictable….Black Swan logic makes what you don’t know far more relevant than what you do know.”
- “To character and success, two things, contradictory as they may seem, must go together—humble dependence and manly independence; humble dependence on God and manly reliance on self.”