Warren Buffett is considered to be the best investor in the world. What is it that makes Warren Buffett so good? How many stocks or companies has he bought and sold over the years? A few hundred? He is the best investor in the world based on a few hundred decisions that he has made in his lifetime. He has the best judgment.

As my friend Nick Maggiulli is fond of saying, you have much more earnings potential in your job than in your portfolio, so it makes sense to spend more time thinking about your job than your portfolio.

I don’t have an opinion about stocks here at all. None. Therefore, I’m not going to trade them.

There is still zero desire to control the deficit.

Life is volatile enough. Why add more volatility to it?

I had the highest SAT scores in my high school and graduated 38th out of 440. I had the third-highest SAT scores in my college class and graduated 91st out of 220. Don’t get me wrong, smart and lazy people are good, but I was going nowhere in life.