Learning hath his infancy, when it is but beginning and almost childish; then his youth, when it is luxuriant and juvenile; then his strength of years, when it is solid and reduced; and lastly his old age, when it waxeth dry and exhaust.
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.
A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth.
I've lost a million and a half on the horses and dice in the last two years. And the funny part is, I still like 'em, and if someone handed me another million I'd put it right in the nose
of some horse that looked good to me.
One thing we have endeavoured to observe most scrupulously, namely, never to depart from the strictest facts and, in dealing with the difficult questions that have arisen during the year, we hope that we have used the utmost moderation possible under the circumstances.
For the sake of our economy, our security, and the future of our planet, I will set a clear goal as President: in ten years, we will finally end our dependence on oil from the Middle East.
That's been lost. It's a huge problem. What you have is you have the major institutions of the world all wanting to deleverage. They want to take down their assets and liabilities. What seemed so easy to borrow against a year ago now looks like rat poison to them. So they're trying to deleverage. There is only one institution in the world that can leverage up in a way that's all a countervailing force to that, and that's the United States Treasury.
For 35 years I was a writer. I wrote a lot of jokes. Some of them weren’t funny. Some of them weren’t appropriate. Some of them were downright offensive. I understand that.
It takes hundred of years sitting together in the same boat. It takes thousand of years sharing the same bed with. It calls : the predestined affinity.
Long hair minimizes the need for barbers; socks can be done without; one leather jacket solves the coat problem for many years; suspenders are superfluous.
If those who are the enemies of innocent amusements had the direction of the world, they would take away the spring, and youth, the former from the year, the latter from human life.