What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so.
I have a habit of comparing the phraseology of communiques . . . noting a certain similarity of words, a certain similarity of optimism . . . and a certain similarity in the lack of practical results during the ensuring years.
When I remember thee in days to come, O Jerusalem, it will not be with pleasure. The musty deposits of 2,000 years of inhumanity, intolerance, and uncleanliness lie in the foul-smelling alleys... The amiable dreamer of Nazareth has only contributed to increasing the hatred... What superstition and fanaticism on every side!
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.
To the extent that the West is to blame at all for the ills of the Third World it is to the extent that the West created Marx and his successors, among whom must be numbered many of those who advised the Third World leaders in post-war years.
The results of life are uncalculated and uncalculable. The years teach much which the days never know. The persons who compose our company, converse, and come and go, and design and execute many things, and somewhat comes of it all, but an unlooked for result. The individual is always mistaken. He designed many things, and drew in other persons as coadjutors, quarrelled with some or all, blundered much, and something is done; all are a little advanced, but the individual is always mistaken. It turns out somewhat new, and very unlike what he promised himself.
We want to have good ties with the Iranians, but if they want good ties with us, then I tell them: Don't keep attacking us as you have done for the last years.
There have been times where, let's say on LGBT issues, when we were trying to end Don't Ask, Don't Tell, and I got the Pentagon and Bob Gates, a Republican holdover from the [George W.] Bush administration, to authorize a study of how you might end Don't Ask, Don't Tell, headed up by Jeh Johnson, who at that time was a council to the Justice Department. And it was going to take a year to conduct that study, issue a report, and figure out how it might be implemented, what effect it would have on unit cohesion and military effectiveness.
Times change, years speed by, but Christmas continues sacred. It is through giving, rather than getting, that the spirit of Christ enters our lives. God still speaks. He prompts. He guides. He blesses. He gives.
I have reared a memorial more enduring than brass, and loftier than the regal structure of the pyramids, which neither the corroding shower nor the powerless north wind can destroy; no, not even unending years nor the flight of time itself. I shall not entirely die. The greater part of me shall escape oblivion.
We've spent now about 150 years trying to convince ourselves that photographs are reliable evidence, some unimpeachable slice of the real world. That was a myth from the very beginning.
If you spent one-tenth of the time you devoted to distractions like chasing women or making money to spiritual practice, you would be enlightened in a few years.
The optimum portfolio depends on the various expectations of choices available and the degree of variance in performance which is tolerable. The greater the number of selections, the less will be the average year-to-year variation in actual versus expected results. Also, the lower will be the expected results, assuming different choices have different expectations of performance.
But it's precisely in this cold, loathsome half-despair, half-belief, in this deliberate burying of yourself underground for forty years out of sheer pain, in this assiduously constructed, and yet somewhat dubious hopelessness, in all this poision of unfulfilled desires turned inward, this fever of vacillations, of resolutions adopted for eternity, and of repentances a moment later that you find the very essence of that strange, sharp pleasure.