If you expect to be a net saver during the next 5 years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.
I understand that the worst people in England at a time were ran to America, for some reason.
Then slavery came and calls of aggression. But we've been there 600 years and there ain't no peace between black and whites because the cultures are different - like the Chinese and Mexicans cannot integrate: the music is different, the eating is different.
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.
The three practical rules, then, which I have to offer, are, --/ Never read a book that is not a year old./ Never read any but the famed books./ Never read any but what you like.
I didn't want the book [of memoirs] out, naturally - Larry [Grobel] knew that for 20 years, 15 at least, I didn't want anything written about me. Then, you know, things happen, finally it's OK and I trust Larry. Nothing about it is salacious in any way.
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.
1992 was the worst year of my life, to watch my dad lose. It was a painful experience. Yet when I became president, it was so much easier to be president.
Don't you feel something magical when you're in love?... I do, I certainly do ... but I think that feeling of magic is a hardwired psychological response. It's a chemical thing in the brain. It's a flow of chemicals and electrical currents, and it developed over millions of years in the process of evolution to aid in the procreation of the species.
I'm not that worried about [my parents] right now because they are happy people. I'm pleased that in their later years, in spite of physical ailments, they're upbeat.
I worry that, especially as the Millennium edges nearer, pseudo-science and superstition will seem year by year more tempting, the siren song of unreason more sonorous and attractive.
There is a Zone whose even Years
No Solstice interrupt -
Whose Sun constructs perpetual Noon
Whose perfect Seasons wait -
Whose Summer set in Summer, till
The Centuries of June
And Centuries of August cease
And Consciousness - is Noon.
I am, and have been for years, a confirmed anti-vaccinationist...I have not the least doubt in my mind that vaccination is a filthy process that is harmful in the end.
Chancellor [Angela] Merkel is perhaps the only leader left among our closest allies that was there when I arrived. So in some ways we are now the veterans of many challenges over the last eight years.