The market is a reflection of the collective psychology of all participants.
Diversity in species and systems isn’t complexity—it’s insurance.
No one's actions can be completely understood unless they are seen in the context of that person's life as a whole.
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.