I can imagine in years to come that my papers and memorabilia, my journals and letters, will find themselves always in the company of people who care about many of the things I do.
Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.
Observe that noses were made to wear spectacles; and so we have spectacles. Legs were visibly instituted to be breeched, and we have breeches. Stones were formed to be quarried and to build castles; and My Lord has a very noble castle; the greatest Baron in the province should have the best house; and as pigs were made to be eaten, we eat pork all year round; consequently, those who have asserted all is well talk nonsense; they ought to have said that all is for the best.
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 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.
At any rate, let us love for a while, for a year or so, you and me. That's a form of divine drunkenness that we can all try. There are only diamonds in the whole world, diamonds and perhaps the shabby gift of disillusion.
If God gives you a few more years, remember, it is not yours. Your time must honor God, your home must honor God, your activity must honor God, and everything you do must honor God.
Canada has for many years been a beacon to the rest of the world for its commitment to pluralism and for its support for the multicultural richness and diversity of its peoples.
We know, Southern men declare that their slaves are better off than hired laborers amongst us. How little they know, whereof they speak! There is no permanent class of hired laborers amongst us. Twenty-five years ago, I was a hired laborer. The hired laborer of yesterday, labors on his own account today; and will hire others to labor for him tomorrow.
There is a strong demand for Michael Jackson's music and merchandise, and that will only increase as more material surfaces in the years following his death.
And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it's going up at the level of inflation, maybe just slightly above inflation, we've made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That's why we did it.
I've watched politics for years. Republicans rarely get credit for the good things that happen in the economy during their watch. Democrats always get more credit than they deserve. They are just better at political discourse that we are.