I asked him what he wanted to do for his career, and he replied that he wanted to go into a particular field, but thought he should work for McKinsey for a few years first to add to his resume. To me that's like saving sex for your old age. It makes no sense.
I look for businesses in which I think I can predict what they're going to look like in ten to fifteen years time. Take Wrigley's chewing gum. I don't think the internet is going to change how people chew gum.
Billions of years ago, you were a big bang, but now you're a complicated human being. And then we cut ourselves off, and don't feel that we're still the big bang. But you are.
As we seek Christ, as we find Him, as we follow Him, we shall have the Christmas spirit, not for one fleeting day each year, but as a companion always.
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.
Not until my fourteenth or fifteenth year did I begin to come across the word 'Jew,' with any frequency, partly in connection with political discussions.... For the Jew was still characterized for me by nothing but his religion, and therefore, on grounds of human tolerance, I maintained my rejection of religious attacks in this case as in others. Consequently, the tone, particularly that of the Viennese anti-Semitic press, seemed to me unworthy of the cultural tradition of a great nation.
So here you are, in your twenties, thinking that you'll have another 40 years to go. Four decades in which to live long and prosper.Bad news. Read the papers. There are people dropping dead when they're 50, 40, 30 years old. Or quite possibly just after finishing their convocation. They would be very disappointed that they didn't meet their life expectancy.I'm here to tell you this. Forget about your life expectancy.
If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.
God is Dead; but given the way of men, there may still be caves for thousands of years in which his shadow will be shown. And we - we still have to vanquish his shadow, too.
What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so.
We right now give $15 billion every year as subsidies to private insurers under the Medicare system. Doesn't work any better through the private insurers. They just skim off $15 billion.