If you expect to be a net saver during the next 5 years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.
It's hard to overemphasize how important Ford's deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first. Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
Of the rest some we know to be dead though they walk among us; some are not yet born though they go through the forms of life; others are hundreds of years old though they call themselves thirty-six.
The bottom line is that it's hard to find a model in which you can practically administer and sustain political support for those kinds of efforts. And what makes America complicated as well is the degree to which this is not just a black/white society, and it is becoming less so every year.
Everything which has name and form must die. If there are heavens with forms, these heavens must vanish in course of time; they may last millions of years, but there must come a time when they will have to go.
I cannot exaggerate the effect of this marvelous sight on my childish imagination. Day after day I asked myself what is electricity and found no answer. Eighty years have gone by since and I still ask the same question, unable to answer it.
I am inclined to believe that one who is a coward will be born after death as an insect or a worm, that there is no salvation for a coward even after millions of years of penance.
If you're really concerned about deficits, you cannot take seriously a budget that would give $30 billion a year worth of tax cuts to not just the top 1 percent but the top 0.1 percent.
Seven years into writing a novel, I started to lose my mind. My thirty-seventh birthday had just come and gone, the end of 2008 was approaching, and I was constantly aware of how little I had managed to accomplish.
I was born lazy. I am no lazier now than I was forty years ago, but that is because I reached the limit forty years ago. You can't go beyond possibility.