I would say it's more important who the treasury secretary is than who the vice president is. If you want to have a debate here, I'd like a debate between potential treasury secretaries than the vice presidential debate.
It's easy to identify many investment managers with great recent records. But past results, though important, do not suffice when prospective performance is being judged. How the record has been achieved is crucial.
It is important not to allow ever wider coalition-building to become an end in itself. As we saw in the Gulf War of 1990, international pressures, particularly those exerted from within an alliance, can result in the failure to follow actions through and so leave future problems unresolved.
No, this trick won't work... How on earth are you ever going to explain in terms of chemistry and physics so important a biological phenomenon as first love?
Remember that there is only one important time and it is Now. The present moment is the only time over which we have dominion. The most important person is always the person with whom you are, who is right before you, for who knows if you will have dealings with any other person in the future? The most important pursuit is making that person, the one standing at you side, happy, for that alone is the pursuit of life.
... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near as important as just the normal regenerative capacity of American capitalism.
You need to change yourself. The moment that you change yourself it is a gigantic step. And this is what I do. The book is much more important than the writer.
The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.