We try to buy businesses with good-to-superb underlying economics run by honest and able people and buy them at sensible prices. That's all I'm trying to do.
But now my task is smoothly done, I can fly, or I can run Quickly to the green earth's end, Where the bow'd welkin slow doth bend, And from thence can soar as soon To the corners of the Moon.
I came in with a healthy skepticism about these programs. My team evaluated them. We scrubbed them thoroughly. We actually expanded some of the oversight, increased some of the safeguards. But my assessment, and my team's assessment was that they help us prevent terrorist attacks. In the abstract, you can complain about 'Big Brother' and how this is a potential program run amok. But when you actually look at the details, then, I think we've struck the right balance.
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!
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 we pursue this way, if we are decent, industrious, and honest, if we so loyally and truly fulfill our duty, then it is my conviction that in the future as in the past the Lord God will always help us. In the long run He never leaves decent folk in the lurch. Often He may test them, He may send trials upon them, but in the long run He always lets His sun shine upon them once more and at the end He gives them His blessing.
Alas," said the mouse, "the whole world is growing smaller every day. At the beginning it was so big that I was afraid, I kept running and running, and I was glad when I saw walls far away to the right and left, but these long walls have narrowed so quickly that I am in the last chamber already, and there in the corner stands the trap that I must run into." "You only need to change your direction," said the cat, and ate it up.
You got to fight them, Celie, she say. I can't do it for you. You got to fight them for yourself. I don't say nothing. I think bout Nettie, dead. She fight, she run away. What good it do? I don't fight, I stay where I'm told. But I'm alive.