Diversification may preserve wealth, but concentration

“stocks of companies selling commodity-like products should come with a warning label: “Competition may prove hazardous to human wealth.” ― Warren Buffett

“It may sound old-fashioned, but letters and phone calls to your elected officials can have a real impact.” ― Bill Gates

“Failing conventionally is the route to go; as a group, lemmings may have a rotten image, but no individual lemming has ever received bad press” ― Warren Buffett

“In fact, when Warren Buffett was once asked about the key to success, he pointed to a stack of nearby books and said, “Read 500 pages like this every day. That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.” ― Warren Buffett

“Read 500 pages like this every day. That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.” ― Warren Buffett

“DNA is like a computer program but far, far more advanced than any software ever created.” ― Bill Gates

“It's fine to celebrate success but it is more important to heed the lessons of failure.” ― Bill Gates

“Power comes not from knowledge kept but from knowledge shared.” ― Bill Gates

“Some people may call me a nerd. I claim the label with pride.” ― Bill Gates

“But I hope you’ll spend more time and energy supporting whatever you’re in favor of than opposing whatever you’re against.” ― Bill Gates

“I studied every thing but never topped.. But today the toppers of the best universities are my employees" ― Bill Gates

“Whatever other resources you may have, you can always use your voice and your vote to effect change.” ― Bill Gates

“Well, I went for a ride but I didn't find my car” ― Bill Gates

“times with follow-up questions. Eventually it sank in. The world needs to provide more energy so the poorest can thrive, but we need to provide that energy without releasing any more greenhouse gases. Now the problem seemed even harder. It wasn’t enough to deliver cheap, reliable energy for the poor. It also had to be clean.” ― Bill Gates

“[Bill] Gates said he connected with [Eddy] Izzard even though it would appear they have nothing in common — but that might be the point the author is trying to communicate. "I've recently discovered that I have a lot in common with a funny, dyslexic, transgender actor, comedian, escape artist, unicyclist, ultra-marathoner, and pilot from Great Britain. Except all of the above," Gates wrote. "We're all cut from the same cloth. In his words, 'We are all totally different, but we are all exactly the same” ― Bill Gates

“But we can’t solve a problem like climate change without an honest accounting of how much we need to do and what obstacles we need to overcome.” ― Bill Gates

“But giving people more information can help them make better choices.” ― Bill Gates

“I wanted to project myself forward to age 80 and say, ‘OK, I’m looking back on my life. I want to minimise the number of regrets I have.’ And I knew that when I was 80, I was not going to regret having tried this. I was not going to regret trying to participate in this thing called the Internet that I thought was going to be a really big deal. I knew that if I failed, I wouldn’t regret that. But I knew the one thing I might regret is not ever having tried. I knew that that would haunt me every day.” ― Jeff Bezos

“If everything you do needs to work on a three-year time horizon, then you’re competing against a lot of people. But if you’re willing to invest on a seven-year time horizon, you’re now competing against a fraction of those people… Just by lengthening the time horizon, you can engage in endeavors that you could never otherwise pursue” ― Jeff Bezos

“You know the business plan won’t survive its first encounters with reality,” he says. “But the discipline of writing the plan forces you to think through some of the issues and to get sort of mentally comfortable in the space. Then you start to understand, if you push on this knob, this will move over here and so on. So, that’s the first step.” ― Jeff Bezos