Poor Charlie's Almanack $Berkshire Hathaway B(BRK.B.US)

A few quotes I find useful: Smart people, after discovering a good opportunity,

will go all in heavily, but stay on the sidelines and do nothing the rest of the time.

It's a natural law for value to shrink by 50% during long-term holding.

If you can't withstand a 50% drop, you don't deserve to be a shareholder.

Virtue not matching position: Psychologically fragile people can only achieve mediocre returns.

Panicking just because the price falls is a form of cognitive incompetence.

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