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Beating the market matters, but limiting risk matters just as much. Ultimately, investors have to ask themselves whether they are interested in relative or absolute returns. Losing 45 percent while the market drops 50 percent qualifies as market outperformance, but what a pyrrhic victory this would be for most of us. Seth Klarman Quote Details

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Great hopes make great men. Thomas Fuller Quote Details

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Constant effort and frequent mistakes are the stepping stones to genius. Elbert Hubbard Quote Details

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Do not fear death so much, but rather the inadequate life. Bertolt Brecht Quote Details

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Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but we rather have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act, but a habit. Aristotle Quote Details

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