I've already written a section in the annual report for next year explaining why I think in one case that the figures on our balance sheet as calculated are wrong. But it's the standard way of doing it. It's holy writ. The SEC wants us to do it that way, and we'll do it that way, and I'll explain why I think it's wrong and shareholders can read it and see whether they agree with my logic or don't.
If you invested in a very low cost index fund - where you don't put the money in at one time, but average in over 10 years -you'll do better than 90% of people who start investing at the same time.
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!
In this century we have made remarkable material progress, but basically we are the same as we were thousands of years ago. Our spiritual needs are still very great.
My world was completely different to other boys my age. When I was six I was earning money, and by 10 I was paying more tax than the parents of other pupils. I feel a lot older than my years. Because I was working with adults, I had to mature a lot quicker.
What I know for sure is this: The big secret in life is that there is no big secret. Whatever your goal for this year is, you can get there - as long as you're willing to be honest with yourself about the preparation and work involved. There are no back doors, no free rides. There's just you, this moment, and a choice.
Thousands of years ago, weren't we capable of building enormous structures like the pyramids? Weren't we capable of worshiping gods, weaving, making fire, finding lovers and wives, sending written messages? Of course we were. But although we've succeeded in replacing slaves with wage slaves, all the advances we've made have been in the field of science. Human beings are still asking the same questions as their ancestors. In short, they haven't evolved at all.
In earlier years, a lesser effort produced literally dozens of comparable opportunities. It is difficult to be objective about the causes for such diminution of one's own productivity. Three factors that seem apparent are: (1) a somewhat changed market environment; (2) our increased size; and (3) substantially more competition.
There was a point where if you had told me I was going to be a national morning anchor, I would probably have been terrified. But now, I feel prepared. I've been in the business for almost 20 years now. I'm almost forty years old and I've been doing this for a long time, so I felt like, "Okay, I'm ready to do this."
I freely admit that the remembrance of David Hume was the very thing that many years ago first interrupted my dogmatic slumber and gave a completely different direction to my researches in the field of speculative philosophy.