What an investor needs is the ability to correctly evaluate selected businesses. Note that word “selected”: You don't have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.
The only thing I know that makes me feel comfortable is to know as much as I can. Not like what the shots are going to be, but knowing enough about my character that I can forget those things. And more specifically, my lines. I have to know my lines. I have to know something really well, so I can forget it when we're doing it. And there is comfort in knowing, "Okay, there's not another stone that I could have overturned."
Sometimes as human beings, we're so contradictory - we may say something or do something and completely contradict ourselves. That's what I'm learning to embrace in television - not knowing what's going to happen. I might make a specific choice for myself and then in the next episode the writers might write something that contradicts it.
Fairy tales had been her first experience of the magical universe, and more than once she had wondered why people ended up distancing themselves from that world, knowing the immense joy that childhood had brought to their lives.
It is not a mistake to commit a mistake, for no one commits a mistake knowing it to be one. But it is a mistake not to correct the mistake after knowing it to be one. If you are afraid of committing a mistake, you are afraid of doing anything at all. You will correct your mistakes whenever you find them.
Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong.
The darling mispronunciations of childhood! - dear me, there's no music that can touch it; and how one grieves when it wastes away and dissolves into correctness, knowing it will never visit his bereaved ear again.
ACCOMPLICE, n. One associated with another in a crime, having guilty knowledge and complicity, as an attorney who defends a criminal, knowing him guilty. This view of the attorney's position in the matter has not hitherto commanded the assent of attorneys, no one having offered them a fee for assenting.