The unadmitted reason why traditional readers are hostile to e-books is that we still hold the superstitious idea that a book is like a soul, and that every soul should have its own body.
If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have some long run edge, we're in trouble.
The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock.
And angling too, that solitary vice, What Izaak Walton sings or says: The quaint, old, cruel coxcomb, in his gullet Should have a hook, and a small trout to pull it.
... but the important thing is that when you do find one where you really do know what you are doing, you must buy in quantity.... Charlie and I have made a dozen or so very big decisions relative to net worth, although not as big as they should have been. And in each of those, we've known that we were almost certain to be right going in.
I should have liked to be asked to say what I knew. They always tried to ask what I did not know. When I would have willingly displayed my knowledge, they sought to expose my ignorance. This sort of treatment had only one result: I did not do well in examinations
It boils down to this: we should have done with humbug, and let war be war, and not a game ... If there were none of this magnanimity business in warfare, we should never go to war, except for something worth facing certain death for.
I have mastered the principles of several religions. They have all shocked me by the violence which I should have to do to my reason to accept the dogmas of any one of them.