Over the years, Charlie [Munger, Berkshire Hathaway Vice Chairman] and I have observed many accounting-based frauds of staggering size. Few of the perpetrators have been punished; many have not even been censured. It has been far safer to steal large sums with pen than small sums with a gun.
It is a curious fact about British Islanders, who hate drill and have not been invaded for nearly a thousand years, that as danger comes nearer and grows they become progressively less nervous; when it is imminent the are fierce, when it is mortal they are fearless.
There is a Zone whose even Years
No Solstice interrupt -
Whose Sun constructs perpetual Noon
Whose perfect Seasons wait -
Whose Summer set in Summer, till
The Centuries of June
And Centuries of August cease
And Consciousness - is Noon.
The year showed me beyond a doubt that everyone practices cafeteria religion... But the important lesson was this: there's nothing wrong with choosing. Cafeterias aren't bad per se... the key is in choosing the right dishes. You need to pick the nurturing ones (compassion), the healthy ones (love thy neighbor), not the bitter ones.
Observe that noses were made to wear spectacles; and so we have spectacles. Legs were visibly instituted to be breeched, and we have breeches. Stones were formed to be quarried and to build castles; and My Lord has a very noble castle; the greatest Baron in the province should have the best house; and as pigs were made to be eaten, we eat pork all year round; consequently, those who have asserted all is well talk nonsense; they ought to have said that all is for the best.
The strange thing about life is that though the nature of it must have been apparent to every one for hundreds of years, no one has left any adequate account of it.
Remain strong in your faith, as you were in former years. In this faith, in its close-knit unity our people to-day goes straight forward on its way and no power on earth will avail to stop it.
Year-end financial statements express a truth about office life which is no less irrefutable yet also, in the end, no less irrelevant or irritating than an evolutionary biologist's proud reminder that the purpose of existence lies in the propagation of our genes.
When a man, after long years of searching, chances upon a thought which discloses something of the beauty of this mysterious universe, he should not therefore be personally celebrated. He is already sufficiently paid by his experience of seeking and finding.
The bottom line is that it's hard to find a model in which you can practically administer and sustain political support for those kinds of efforts. And what makes America complicated as well is the degree to which this is not just a black/white society, and it is becoming less so every year.