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.
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.
No matter how corrupt and unjust a convict may be, he loves fairness more than anything else. If the people placed over him are unfair, from year to year he lapses into an embittered state characterized by an extreme lack of faith.
The optimum portfolio depends on the various expectations of choices available and the degree of variance in performance which is tolerable. The greater the number of selections, the less will be the average year-to-year variation in actual versus expected results. Also, the lower will be the expected results, assuming different choices have different expectations of performance.
I'm not that worried about [my parents] right now because they are happy people. I'm pleased that in their later years, in spite of physical ailments, they're upbeat.
Unfathomable Sea! whose waves are years, Ocean of Time, whose waters of deep woe Are brackish with the salt of human tears! Thou shoreless flood, which in thy ebb and flow Claspest the limits of mortality! And sick of prey, yet howling on for more, Vomitest thy wrecks on its inhospitable shore, Treacherous in calm, and terrible in storm, Who shall put forth on thee, Unfathomable sea?
The 'kingdom of God' is not something one waits for; it has no yesterday or tomorrow, it does not come 'in a thousand years' it is an experience within a heart; it is everywhere, it is nowhere.
Without those forerunners, Jane Austen and the Brontes and George Eliot could no more have written than Shakespeare could have written without Marlowe, or Marlowe without Chaucer, or Chaucer without those forgotten poets who paved the ways and tamed the natural savagery of the tongue. For masterpieces are not single and solitary births; they are the outcome of many years of thinking in common, of thinking by the body of the people, so that the experience of the mass is behind the single voice.
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.
And when you were a silent word upon Life's quivering lips, I too was there, another silent word. Then life uttered us and we came down the years throbbing with memories of yesterday and with longing for tomorrow, for yesterday was death conquered and tomorrow was birth pursued.