Fear is cruel and mean. The political reigns of terror have been reigns of madness and malignity,--a total perversion of opinion;society is upside down, and its best men are thought too bad to live.
Don't we introduce time as a means of becoming more evolved? The brain has evolved but is there evolution inwardly? Can the brain dominated by time not be subservient to it?
The old restriction meant that only the orthodox were allowed to discuss religion. Modern liberty means that nobody is allowed to discuss it. Good taste, the last and vilest of human superstitions, has succeeded in silencing us where all the rest have failed.
The idea that you try to time purchases based on what you think business is going to do in the next year or two, I think that's the greatest mistake that investors make because it's always uncertain. People say it's a time of uncertainty. It was uncertain on September 10th, 2001, people just didn't know it. It's uncertain every single day. So take uncertainty as part of being involved in investment at all. But uncertainty can be your friend. I mean, when people are scared, they pay less for things. We try to price. We don't try to time at all.
There is a proper measure in all things, certain limits beyond which and short of which right is not to be found. Who so cultivates the golden mean avoids the poverty of a hovel and the envy of a palace.
If one holds these high principles clearly before one's eyes, and compares them with the life and spirit of our times, then it appears glaringly that civilized mankind finds itself at present in grave danger. In the totalitarian states it is the rulers themselves who strive actually to destroy that spirit of humanity. In less threatened parts it is nationalism and intolerance, as well as the oppression of the individuals by economic means, which threaten to choke these most precious traditions.
I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.
Tradition does not mean a dead town; it does not mean that the living are dead but that the dead are alive. It means that it still matters what Penn did two hundred years ago or what Franklin did a hundred years ago; I never could feel in New York that it mattered what anybody did an hour ago.
At the approach of danger two voices speak with equal force in the heart of man: one very reasonably tells the man to consider the nature of the danger and the means of avoiding it and the other, even more reasonable, says that it is too painful and harassing to think of the danger... better to turn aside from the painful subject till it has come, and to think of what is pleasant. In solitude a man generally yields to the first voice; in society to the second.
Perceive ye not that we are worms, designed To form the angelic butterfly, that goes To judgment, leaving all defence behind? Why doth your mind take such exalted pose, Since ye, disabled, are as insects, mean As worm which never transformation knows?