I'm the only person I know that's lost a quarter of a billion dollars in one year...It's very character-building.

You’ve got to have models in your head. And you’ve got to array your experience—both vicarious and direct—on this latticework of models. You may have noticed students who just try to remember and pound back what is remembered. Well, they fail in school and in life. You’ve got to hang experience on a latticework of models in your mind.

衡量公司价值的真正标准是它如何对待收入最低的员工。