66 books
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16 voters
The market can and will at times be completely deranged and irrational in the short term, but over the long term it will price securities in line with their underlying intrinsic values.


“Ever since the Cognitive Revolution, there hasn’t been a single natural way of life for Sapiens. There are only cultural choices, from among a bewildering palette of possibilities.”
― Sapiens: A Brief History of Humankind
― Sapiens: A Brief History of Humankind

“The real difference between us and chimpanzees is the mythical glue that binds together large numbers of individuals, families and groups. This glue has made us the masters of creation.”
― Sapiens: A Brief History of Humankind
― Sapiens: A Brief History of Humankind

“Sapiens can cooperate in extremely flexible ways with countless numbers of strangers. That’s why Sapiens rule the world, whereas ants eat our leftovers and chimps are locked up in zoos and research laboratories.”
― Sapiens: A Brief History of Humankind
― Sapiens: A Brief History of Humankind

“The appearance of new ways of thinking and communicating, between 70,000 and 30,000 years ago, constitutes the Cognitive Revolution.”
― Sapiens: A Brief History of Humankind
― Sapiens: A Brief History of Humankind

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