Letter Heads unifies the annual letters and memos from the world's sharpest business minds scattered across PDFs, corporate sites, and forgotten blog posts.
"The most important rule in compounding is to never interrupt it unnecessarily."
"Don't mistake a bull market for brains."
"It’s not what you don't know that gets you into trouble, it's what you know for sure."
"In times of crisis, preservation of capital is the first priority."
"Risk is the most misunderstood part of investing."
"When things are at their worst, the potential for gain is at its greatest."
"The market is a pendulum that swings between euphoria and depression."
"The less the prudence with which others conduct their affairs, the greater the prudence with which we must conduct our own."