I'm not able to go in with an act that I use month to month year to year all the time. It's constantly evolving and changing and that keeps me on my toes but certainly adds to the challenge.
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.
When a man, after long years of searching, chances upon a thought which discloses something of the beauty of this mysterious universe, he should not therefore be personally celebrated. He is already sufficiently paid by his experience of seeking and finding.
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.
He tried to fool the United Nations, and did for 12 years, by hiding these weapons. And so, it's going to take time to find them. But we know he had them. And whether he destroyed them, moved them, or hid them, we're going to find out the truth.
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.
Everything which has name and form must die. If there are heavens with forms, these heavens must vanish in course of time; they may last millions of years, but there must come a time when they will have to go.
One must keep one's character. Earn a character first if you can, and if you can't, then assume one. From the code of morals I have been following and revising and revising for 72 years I remember one detail. All my life I have been honest - comparatively honest. I could never use money I had not made honestly - I could only lend it.
For more than 60 years, the United States has stood by our allies and partners in the Asia Pacific. That includes our defence partnership with Singapore, which stretches back more than two decades.
May you live unenvied, and pass many pleasant years unknown to fame; and also have congenial friends.
[Lat., Vive sine invidia, mollesque inglorius annos
Exige; amicitias et tibi junge pares.]
I don't like people being rude. Bad manners and arrogance make me cross. People making others feel uncomfortable. And I really don't like it in restaurants when people are rude or patronising to waiters. I feel like saying, 'They're not your slave'. But my knees only shake around once every five years. You're safe, don't worry.