We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as "focused" investing.
I have learned to walk: since then I have run. I have learned to fly: since then I do not have to be pushed in order to move. Now I am nimble, now I fly, now I see myself under myself, now a god dances within me.
Any man who tries to excite class hatred, sectional hate, hate of creeds, any kind of hatred in our community, though he may affect to do it in the interest of the class he is addressing, is in the long run with absolute certainly that class's own worst enemy.
You have to run risks. There are no certainties in war. There is a precipice on either side of you - a precipice of caution and a precipice of over-daring.
Republican or Democrat candidate for Presidency ought to say: I look forward to working with the president to solve the problem. People expect us to come here to solve problems. And thus far, the attitude has been: Let's just kind of ignore what the president has said and just hope somebody else comes and solves it for us. And that's what I'd be running on. I'd be running on the economy and I'd be running on national security. But since I'm not running, I can only serve as an adviser to those who are.
When I get an idea I start at once building it up in my imagination. I change the construction, make improvements and operate the device in my mind. It is absolutely immaterial to me whether I run my turbine in my thought or test it in my shop. I even note if it is out of balance.
All religions try to benefit people, with the same basic message of the need for love and compassion, for justice and honesty, for contentment. So merely changing formal religious affiliations will often not help much. On the other hand, in pluralistic, democratic societies, there is the freedom to adopt the religion of your choice. This is good. This lets curious people like you run around on the loose!
I understand Goldman Sachs businesses. We do lot of business with him, and GE has been - I think it's the longest running stock in the Dow Jones industrial average. It will be 100 years now it will be around. I hope I'm around then, too. And it was an attractive investment. And we have had a lot of money around, over the last two years, and we're seeing things that are attractive now.
Scientists make mistakes. Accordingly, it is the job of the scientist to recognize our weakness, to examine the widest range of opinions, to be ruthlessly self-critical. Science is a collective enterprise with the error-correction machinery often running smoothly.