— Previous accomplishments and what you have today bear little relationship to real value. Finance is completely and ruthlessly forward-looking. The only source of value today is the future. The first step of valuation is to look forward and project what a company or investment will produce in the future.
— Life is a public performance on the violin, in which you must learn the instrument as you go along.
— To be a good human being is to have a kind of openness to the world, an ability to trust uncertain things beyond your own control... And I think that says something very important about the condition of the ethical life. That it is based on a trust in the uncertain, a willingness to be exposed. It’s based on being more like a plant than like a jewel, something rather fragile, but whose very particular beauty is inseparable from that fragility.
The Wisdom of Finance: Discovering Humanity in the World of Risk and Return. Mihir Desai | Amazon
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