When Henry Ford made cheap， reliable cars people said， ‘Nah， what’s wrong with a horse？’ That was a huge bet he made， and it worked.
Experience is simply the name we give our mistakes.
The idea of a margin of safety, a Graham precept, will never be obsolete. The idea of making the market your servant will never be obsolete. The idea of being objective and dispassionate will never be obsolete.
The molecule of DNA is the basis of all life, and understanding it is understanding life itself.