I don't know the history of hating communism in America. I've always been interested in it, and I've thought about studying it in the past, but I've just looked into other topics first. That certainly sounds like a good topic that we could do on the show. I think it would be really interesting. We would just need to spend a lot of time researching it, getting into it, running down that topic. So I'll take that as a really good pitch for a future episode.
There are a few investment managers, of course, who are very good - though in the short run, it's difficult to determine whether a great record is due to luck or talent. Most advisors, however, are far better at generating high fees than they are at generating high returns. In truth, their core competence is salesmanship. Rather than listen to their siren songs, investors - large and small - should instead read Jack Bogle's The Little Book of Common Sense Investing.
If you can walk with the crowd and keep your virtue,
Or walk with Kings-nor lose the common touch;
If neither foes nor loving friends can hurt you;
If all men count with you, but none too much;
If you can fill the unforgiving minute
With sixty seconds' worth of distance run,
Yours is the Earth and everything that's in it,
And - which is more - you'll be a man my son!
If I were not a writer, I would spend more time doing the things that I am already doing, which include doing research in physics, teaching, and running a nonprofit organization with a mission to empower women in Cambodia.
What I have done up to this is nothing. I am only at the beginning of the course I must run. Do you imagine that I triumph in Italy in order to aggrandise the pack of lawyers who form the Directory, and men like Carnot and Barras? What an idea!
I met a keen observer who gave me a tip: 'If you run across a restaurant where you often see priests eating with priests, or sporting girls with sporting girls, you may be confident that it is good. Those are two classes of people who like to eat well and get their money's worth.'
Do not hate anybody, because that hatred which comes out from you must, in the long run, come back to you. If you love, that love will come back to you, completing the circle.
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.
There is a homely old adage which runs: "Speak softly and carry a big stick; you will go far." If the American nation will speak softly, and yet build and keep at a pitch of the highest training a thoroughly efficient navy, the Monroe Doctrine will go far.