Gradually we come to admit that Shakespeare understands a greater extent and variety of human life than Dante; but that Dante understands deeper degrees of degradation and higher degrees of exaltation.
If some institution wants to sell you a billion dollars worth of mortgages, they might have to sell 100 million in the market, and then you'll buy the other 900 million on the same terms. Now, the very fact that this has been authorized or will be authorized, I hope, will firm up the market to some degree. And that's fine. But you don't want to have artificial prices being paid.
For those who need consolation no means of consolation is so effective as the assertion that in their case no consolation is possible: it implies so great a degree of distinction that they at once hold up their heads again.
I call that law universal, which is conformable merely to dictates of nature; for there does exist naturally an universal sense of right and wrong, which, in a certain degree, all intuitively divine, even should no intercourse with each other, nor any compact have existed.
Gradually we come to admit that Shakespeare understands a greater extent and variety of human life than Dante; but that Dante understands deeper degrees of degradation and higher degrees of exaltation.
One of the things that I am concerned about is the degree to which we've seen a lot of commentary lately where there were, there are Republicans or pundits or cable commentators who seemed to have more confidence in Vladimir Putin than fellow Americans because those fellow Americans were Democrats. That cannot be.
Investors should remember that their scorecard is not computed using Olympic-diving methods: Degree-of-difficulty doesn't count. If you are right about a business whose value is largely dependent on a single key factor that is both easy to understand and enduring, the payoff is the same as if you had correctly analyzed an investment alternative characterized by many constantly shifting and complex variables.
It is to be regretted that few persons who have arrived at any degree of eminence or fame, have written Memorials of themselves, at least such as have embraced their private as well as their public life.