Wine and water are the most enduring beverages of civilization.
I mean, it’s common sense after you point it out, but this timelessness should not be ignored.
Books that stay in print are that way for a reason. Figs are and olives are still cultivated today for this same reason. And this is the same idea for wine and water.
It all has to do with trusting things that have showed resilience.
You can draw parallels here in investing too. I’d rather buy old firms in boring industries than new companies doing things that might not stand the test of time.
This last part is sad though – for every boy wants to be a hero at something.
But somewhere between 30 and 40, if you aren’t well on your way, most men realize they aren’t going to get there.
Understand: Regret is hard to watch.
Read nothing from the past one hundred years; eat no fruits from the past one thousand years; drink nothing from the past four thousand years (just wine and water); but talk to no ordinary man over forty. A man without a heroic bent starts dying at the age of thirty.
-Nassim Taleb, The Bed Of Procrustes