We live on a finite planet. We have finite resources, and we're running out of good, arable land.
Jeremy GranthamRead
The individual is far better-positioned to wait patiently for the right pitch while paying no regard to what others are doing, which is almost impossible for professionals.
Interpretation
Focusing on personal goals can lead to better decision-making than trying to follow the crowd.
This quote emphasizes the importance of individual focus and patience in achieving success. It suggests that while professionals may feel pressured to conform to the actions of their peers, individuals who concentrate on their own goals and wait for the optimal opportunities will likely find greater success in the long run.
In practice
In a motivational speech about pursuing personal dreams.
We live on a finite planet. We have finite resources, and we're running out of good, arable land.
When it comes to portfolios, my personal advice is for anyone who can, put money into forestry or farmland. Long term, you would probably never come near their returns in the stock market. In the world that I see, land is golden.
The market is incredibly inefficient and capable on rare occasions of being utterly dysfunctional. And people have a really hard time getting their brain around that fact. They want to believe that it's approximately efficient almost all the time, and it simply isn't true.
There is no single theory that is used in economics that considers the finite nature of resources. It's shocking.
Take advantage of each small success. In this way you close the gap between what you want from life and what it is giving you.
The very first step towards success in any occupation is to become interested in it.
Success is the maximum utilization of the ability that you have.
Roger, liftoff, and the clock is started.
I think I was the best baseball player I ever saw.
Success usually comes to those who are too busy to be looking for it.
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