Individualism has come in for an enormous amount of criticism over the years. It still does. It is widely assumed to be synonymous with selfishness...But the main reason why so many people in power have always disliked individualism is because it is individualists who are ever keenest to prevent the abuse of authority.
Tis pleasant purchasing our fellow-creatures; And all are to be sold, if you consider Their passions, and are dext'rous; some by features Are brought up, others by a warlike leader; Some by a place--as tend their years or natures; The most by ready cash--but all have prices, From crowns to kicks, according to their vices.
When a man, after long years of searching, chances upon a thought which discloses something of the beauty of this mysterious universe, he should not therefore be personally celebrated. He is already sufficiently paid by his experience of seeking and finding.
I have worked with investors for 60 years and I have yet to see anyone - not even when capital gains rates were 39.9 percent in 1976-77 - shy away from a sensible investment because of the tax rate on the potential gain.
I would say of all the things that have happened during the course of my presidency the knowledge that you have hundreds of thousands of people who have been killed, millions who have been displaced, [makes me] ask myself what might I have done differently along the course of the last five, six years.
Today is only one day in all the days that will ever be. But what will happen in all the other days that ever come can depend on what you do today. It's been that way all this year. It's been that way so many times. All of war is that way.
In England we have come to rely upon a comfortable time-lag of fifty years or a century intervening between the perception that something ought to be done and a serious attempt to do it.
See the wild Waste of all-devouring years! How Rome her own sad Sepulchre appears, With nodding arches, broken temples spread! The very Tombs now vanish'd like their dead!
Xenophanes states that the fire in Lipara once failed for sixteen years, but returned in the seventeenth year. They say that the lava-stream in Etna is neither flaming nor continuous, but returns only after an interval of many years.
I was born in Somerville, but I don't remember very much about it because we moved from there to Arlington when I was five years old, and it was in Arlington that I spent most of my childhood.
Over the years, Charlie [Munger, Berkshire Hathaway Vice Chairman] and I have observed many accounting-based frauds of staggering size. Few of the perpetrators have been punished; many have not even been censured. It has been far safer to steal large sums with pen than small sums with a gun.
One has to work for years and decades, to conduct negotiations, to stand for positions and points of view, to jointly develop a civilized view on the administrative and state organization of Chechnya.
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.