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Rui Zhi Dong

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Rui Zhi Dong

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October 2009

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Average rating: 4.06 · 192 ratings · 16 reviews · 28 distinct worksSimilar authors
A Summary of The Changing W...

4.40 avg rating — 43 ratings
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The Almanack of Stanley Dru...

3.87 avg rating — 45 ratings5 editions
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Charlie Munger: The Pursuit...

4.21 avg rating — 34 ratings4 editions
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51 Questions That Changed M...

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Knowledge Athlete : Outcomp...

really liked it 4.00 avg rating — 8 ratings2 editions
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What I Wish I Knew In My 20...

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The Almanack of Jim Simons:...

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The Almanack of Ed Thorp: M...

4.25 avg rating — 4 ratings3 editions
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Learning the Chinese Langua...

really liked it 4.00 avg rating — 4 ratings3 editions
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51 Questions That Changed M...

3.50 avg rating — 4 ratings
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More books by Rui Zhi Dong…
The Complete Poem...
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Business Adventur...
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Jane Eyre
Rui Zhi is currently reading
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Elon Musk by Walter Isaacson
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How Not to Invest by Barry Ritholtz
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The Missing Billionaires by Victor Haghani
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101 Essays That Will Change The Way You Think by Brianna Wiest
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The Anxious Generation by Jonathan Haidt
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Ways To Make Your Coworkers Feel Awkward by Upgraded Books
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101 Essays That Will Change The Way You Think by Brianna Wiest
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Quotes by Rui Zhi Dong  (?)
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“Your life will be the result of who and what you’ve been reading and the people you know.”
Rui Zhi Dong

“One of the cardinal rules I learned early on in venture capital is look where the kids are going.”
Rui Zhi Dong, The Almanack of Stanley Druckenmiller: From Over 40 Years of Investing Wisdom with Quantum Fund and Duquesne Capital Management

“The hottest places in hell are reserved for those who, in times of great moral crisis, maintain their neutrality.”
Dante Alighieri

“He has a really consistent routine. He comes in in the morning at around 8:30. He reads five newspapers. He reads The Financial Times, The Washington Post, The New York Times, The Wall Street Journal, and The Omaha World Herald. Then he has a stack of reports on his desk from the companies Berkshire owns, and some trade press like American Banker or oil and gas journals, and through the rest of the day, he alternates between flipping through this stuff and then talking on the phone to people either who call him or who he calls. He never calls his managers; they can call him. He is really accessible, but he leaves them alone.

Then he has CNBC on all day long with the crawl, with the sound muted and if he sees his name cross along the bottom and they are talking about him, he will turn the sound on to find out what they are saying. That is his day. He doesn't do meetings -- there are no meetings.

Alice Schroeder

“On me personally what has been the most important was to understand the value of time -- and this is something that has come from observing him, learning his story and that time compounds. What you do when you are young (and as you use time over your life) can have an exponential effect so that if you are thoughtful about it, you can really have powerful results later, if you want to.

Also, that is a reason to be hopeful, because compounding is something that happens pretty quickly. If you are 50 or 60, it is not too late. He said to me one time, if there is something you really want to do, don't put it off until you are 70 years old. ... Do it now. Don't worry about how much it costs or things like that, because you are going to enjoy it now. You don't even know what your health will be like then.

On the other hand, if you are investing in your education and you are learning, you should do that as early as you possibly can, because then it will have time to compound over the longest period. And that the things you do learn and invest in should be knowledge that is cumulative, so that the knowledge builds on itself. So instead of learning something that might become obsolete tomorrow, like some particular type of software [that no one even uses two years later], choose things that will make you smarter in 10 or 20 years. That lesson is something I use all the time now.”
Alice Schroeder, The Snowball: Warren Buffett and the Business of Life

“You've gotta dance like there's nobody watching,
Love like you'll never be hurt,
Sing like there's nobody listening,
And live like it's heaven on earth.”
William W. Purkey

“Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.”
Albert Einstein

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Rui Zhi pure evil


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