Naval Codex


Feelings and facts are two different things. Feelings are merely a partial estimation of oneself regarding the facts.
Very intelligent people are often unconventional. They insist on independent thinking, hands-on involvement, and clarifying the ins and outs of things.
Contrarian investors do not always oppose everything; in fact, opposing everything is another form of sticking to the rules. Contrarian investors think independently based on actual situations and can withstand the pressure of blindly following the crowd.
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