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.


“If we knew how many species we’ve already eradicated, we might be more motivated to protect those that still survive. This is especially relevant to the large animals of the oceans.”
― Sapiens: A Brief History of Humankind
― Sapiens: A Brief History of Humankind

“Homo sapiens drove to extinction about half of the planet’s big beasts long before humans invented the wheel, writing, or iron tools.”
― Sapiens: A Brief History of Humankind
― Sapiens: A Brief History of Humankind

“If a forager band split once every forty years and its splinter group migrated to a new territory sixty miles to the east, the distance from East Africa to China would have been covered in about 10,000 years.”
― Sapiens: A Brief History of Humankind
― Sapiens: A Brief History of Humankind

“Sapiens did not forage only for food and materials. They foraged for knowledge as well.”
― Sapiens: A Brief History of Humankind
― Sapiens: A Brief History of Humankind

“No noteworthy plant or animal has been domesticated in the last 2,000 years.”
― Sapiens: A Brief History of Humankind
― Sapiens: A Brief History of Humankind

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