Book: Shorting

This is the eternal problem of money: everything they do has consequences, but they are so far removed from the actions that the mind does not associate them with each other.

Financial markets pay a great many people decent money for specialized and very small group of people for a large-scale vision, without which the allocation of capital in the markets is not possible.

Success in investing is determined by the correctness of the price paid for risk.

In the analysis he came to the unequivocal conclusion: to extraordinary success are extraordinary actions. "If you dream of becoming a successful investor, you must choose a style appropriate to your personality, says Barry. - At one point I realized that Warren Buffett never blindly copied Ben Graham, although he never missed an opportunity to learn from his mentor..."

The house is not paid at least in part, just a room rented with borrowed money.