One of the things that's important about family is the narrative history they create for themselves.
The single biggest reason companies fail is they overinvest in what is, as opposed to what might be.
There is a disconnect between the performance in stock market and the performance in many companies.
What goes down usually goes back up, if you're willing to be patient and don't hit the panic button.
In the 1950s and 1960s, the heroes were the long-term investors; today the heroes are the wise guys.