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.
And with the passing years, what had once seemed like a miracle or the luckiest of chances and which he had always promised himself he would never become enslaved by, has gradually become his sole reason to go on living.
Poverty is a bitter thing; but it is not as bitter as the existence of restless vacuity and physical, moral, and intellectual flabbiness, to which those doom themselves who elect to spend all their years in that vainest of all vain pursuits-the pursuit of mere pleasure as a sufficient end in itself.
Confidence in markets and in institutions, it's a lot like oxygen. When you have it, you don't even think about it. It's indispensable. You can go years without thinking about it. When it's gone for five minutes, it's the only thing to think about.
I'm one of those people who lives for the moment. If you concern yourself with what's going to happen a year from now, or five years from now, you defuse the moment. Whatever comes, comes. For this time I enjoy the ascent. I don't worry about anything except getting thinner thighs.
Everything is written in my mind, more so due to my lack of vision at this point. After years of vigorous writing, it was more of a challenge to do it without paper or sidekicks. I enjoy a good challenge.
I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.
I want to leave an album behind that is classic, that people in 50 years will refer to and pass on to their children. An album that you never bored of.
To write without pay until somebody offers pay. If nobody offers pay within three years, the candidate may look upon this circumstance with the most implicit confidence as the sign that sawing wood is what he was intended for.