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.
You have noticed that the human being is a curiosity. In times past he has had (and worn out and flung away) hundreds and hundreds of religions; today he has hundreds and hundreds of religions, and launches not fewer than three new ones every year. I could enlarge on that number and still be within the facts.
We infer the spirit of the nation in great measure from the language, which is a sort of monument, to which each forcible individual in a course of many hundred years has contributed a stone.
It happens to us once or twice in a lifetime to be drunk with some book which probably has some extraordinary relative power to intoxicate us and none other; and having exhausted that cup of enchantment we go groping in libraries all our years afterwards in the hope of being in Paradise again.
Well, well, my dear fellow, be it so. We have shared this same room for some years, and it would be amusing if we ended by sharing the same cell. (...)
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 has to work for years and decades, to conduct negotiations, to stand for positions and points of view, to jointly develop a civilized view on the administrative and state organization of Chechnya.
Julia Roberts was really rather lovely. I had to interview her on Pebble Mill At One years ago. You learn not to be starstruck if you're trying to get a decent interview out of someone. If you fall apart it's counter productive.
I'm always interested in understanding the math of things and understanding as much as I can about all aspects of business. And what I learn today may be useful to me two years from now. That's really the wonderful thing about investments is your knowledge is cumulative.
Fear, when your friends say to you what you have done well, and say it through; but when they stand with uncertain timid looks of respect and half-dislike, and must suspend their judgement for years to come, you may begin to hope.
Over the last couple of years, I've really worked toward balancing my life out more, having a little bit more time with friends, family and my boyfriend. There was a period of time when they were way down the list. It was all about music and touring and if everything fell by the wayside, so be it.
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.
If you can't explain what you are doing to a nine-year-old, then either you still don't understand it very well, or it's not all that worthwile in the first place.