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.
The mind that becomes soiled in youth can never again be washed clean. I know this by my own experience, & to this day I cherish an unappeased bitterness against the unfaithful guardians of my young life, who not only permitted but compelled me to read an unexpurgated Bible through before I was 15 years old. None can do that and ever draw a clean sweet breath again on this side of the grave.
Poverty is a bitter thing; but it is not as bitter as the existence of restless vacuity and physical, moral, and intellectual flabbiness, to which those doom themselves who elect to spend all their years in that vainest of all vain pursuits-the pursuit of mere pleasure as a sufficient end in itself.
If anything affects your eye, you hasten to have it removed; if anything affects your mind, you postpone the cure for a year.
[Lat., Quae laedunt oculum festinas demere; si quid
Est animum, differs curandi tempus in annum.]
We went back on a very similar manifesto to things I believe in. The difference is that after eighteen months to two years he did the biggest U-turn on policy of all time and started to go the wrong way. In the end, that cost us the next election.
While strength and years permit, endure labor; soon bent old age will come with silent foot.
[Lat., Dum vires annique sinunt, tolerate labores.
Jam veniet tacito curva senecta pede.]
One of the great things about our democracy is it expresses itself in all sorts of ways. And that includes people protesting. I've been the subject of protests during the course of my eight years and I suspect that there's not a president in our history that at some point hasn't been subject to these protests.