Jul 19
No problem can be solved until it is reduced to some simple form. The changing of a vague difficulty into a specific, concrete form is a very essential element in thinking.
J.P. Morgan [!]
This remark strikes me as one of the sharpest and most useful bits of advice I have bumped into in a very long time. I never imagined that the day would come when I would be posting—and admiring—real wisdom (not stock tips) from the man who, more than any other, invented Wall Street.
But you tell me. Is this smart, or is it smart?