What's all this whining about the environment? They're always talking about 'stop the clearcuts.' I mean do the math people. If we were out of trees then we wouldn't have any clearcuts to be complaining about now would we?
You know, people talk about this being an uncertain time. You know, all time is uncertain. I mean, it was uncertain back in - in 2007, we just didn't know it was uncertain. It was - uncertain on September 10th, 2001. It was uncertain on October 18th, 1987, you just didn't know it.
There are all kinds of businesses that Charlie and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, and that's what the individual investor should do.
The true investor welcomes volatility ... a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses.
I've been working hard on [Ulysses] all day," said Joyce. Does that mean that you have written a great deal?" I said. Two sentences," said Joyce. I looked sideways but Joyce was not smiling. I thought of [French novelist Gustave] Flaubert. "You've been seeking the mot juste?" I said. No," said Joyce. "I have the words already. What I am seeking is the perfect order of words in the sentence.
If one generation is expected to carry an excessive burden on behalf of another, it will seek by every means to avoid it. It will either demand that past promises are broken, or it will not work, or it will not pay taxes, or the most talented people will leave. Socialist governments which have tried to tax 'till the pips squeak' have ample experience of that.
Those moralists, on the other hand, who, following in the footsteps of Socrates, offer the individual a morality of self-control and temperance as a means to his own advantage, as his personal key to happiness, are the exceptions.
Number of things happen after I was 50. One, you are hopefully secure in what you want to do - which means that you don't spend a lot of time chewing on your knuckles about your reason for being here.Also, you're at your most beautiful. No woman is ever more beautiful than she is at 50.
Birthday parties make me nervous as hell. They're one of those things where you're forced to be happy. And even if you're totally depressed, you're got to pretend you're glad you were born, regardless of the fact that getting older means you're closer to dying.
An isolated person requires correspondence as a means of seeing his ideas as others see them, and thus guarding against the dogmatisms and extravagances of solitary and uncorrected speculation. No man can learn to reason and appraise from a mere perusal of the writing of others. If he live not in the world, where he can observe the public at first hand and be directed toward solid reality by the force of conversation and spoken debate, then he must sharpen his discrimination and regulate his perceptive balance by an equivalent exchange of ideas in epistolary form.
The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.
There's always a mismatch. I mean, you know, as the economy evolves, it reallocates resources. Now, the real problem, in my view, is - this has been - the prosperity has been unbelievable for the extremely rich people. If you go to 1982, when Forbes put on their first 400 list, those people had $93 billion. They now they have $2.4 trillion, 25 for one. That is - this has been a prosperity that's been disproportionately rewarding to the people on top.
The nature of men and of organized society dictates the maintenance in every field of action of the highest and purest standards of justice and of right dealing.... By justice the lawyer generally means the prompt, fair, and open application of impartial rules; but we call ours a Christian civilization, and a Christian conception of justice must be much higher. It must include sympathy and helpfulness and a willingness to forego self-interest in order to promote the welfare, happiness, and contentment of others and of the community as a whole.