Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.
I ask my destiny - what power is this That cruelly drives me onward without rest? My destiny says, "Look round!" I turn back and see It is I myself that is ever pushing me from behind.
They're classic themes, which is why I think it's such a great story to look at again. The concept of being loyal to your friends, to the point where you'd even die for them, is a great subject.
You look at something like health care, the Affordable Care Act. And for all the controversy, we now have 20 million people who have health insurance who didn't have it. It's actually proven to be more effective, cheaper than even advocates like me expected.
After 9/11, we had to look at the world differently. After 9/11, we had to recognize that when we saw a threat, we must take it seriously before it comes to hurt us. In the old days we'd see a threat, and we could deal with it if we felt like it or not. But 9/11 changed it all.