Time Is Relative

We can obtain respect, comfort and time when we distinguish between leisure and play.

• In Politics, Aristotle considers leisure as time spent learning and contemplating, trying to achieve excellence. It is about growth.
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‘Margin of safety’ is the difference between a stock price and its intrinsic worth, or value.

So if a stock is trading at  $70 in the market, and you calculate the company’s intrinsic value as $100, you have a margin of safety of  $30 (100 minus 70). In other terms, the sto...

The absolute view is more global. What explains the difference between a wealthy person born in America and someone born into extreme poverty?

The relative view is more local. What explains the difference in results between you and everyone ...