But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
We think that the world is limited and explained by its past. We tend to think that what happened in the past determines what is going to happen next, and we do not see that it is exactly the other way around! What is always the source of the world is the present; the past doesn't explain a thing. The past trails behind the present like the wake of a ship and eventually disappears.
I learned a new language for it all in the 90s. Which in some ways isn't bad... I mean getting people to think about what language actually means before they use it is a good thing. But it's become very clear the past nine years that some Americans truly resent thinking before they speak.
I have had situations in the past when you are close to signing a player and the money involved switches from euros to pounds to dollars. It is a difficult process, but one we have to work with.
One must be willing to stand alone - in the unknown, with no reference to authority or the past or any of one's conditioning. One must stand where no one has stood before in complete nakedness, innocence, and humility.
I've made a terrible confession to you, he concluded gloomily. Do appreciate it, gentlemen. And it's not enough, not enough to appreciate it, you must not just appreciate it, it should also be precious to you, and if not, if this, too, goes past your souls, then it means you really do not respect me, gentlemen. I tell you that, and I will die of shame at having confessed to such men as you.
I am any man's suitor,
If any will be my tutor:
Some say this life is pleasant,
Some think it speedeth fast,
In time there is no present,
In eternity no future,
In eternity no past.
We laugh, we cry, we are born, we die.
Who will riddle me the how and the why?
Why has mankind had such a craving to be imposed upon? Why this lust after imposing creeds, imposing deeds, imposing buildings, imposing language, imposing works of art? The thing becomes an imposition and a weariness at last. Give us things that are alive and flexible, which won't last too long and become an obstruction and a weariness. Even Michelangelo becomes at last a lump and a burden and a bore. It is so hard to see past him.
If in the past, after every lost war, the unlucky vanquished were divested forever of their honor and their equality of rights, the League of Nations would even now have to be satisfied with a whole series of non-equal and thus ultimately dishonorable and inferior nations.
With her foot on the threshold she waited a moment longer in a scene which was vanishing even as she looked, and then, as she moved and took Minta's arm and left the room, it changed, it shaped itself differently; it had become, she knew, giving one last look at it over her shoulder, already the past.