When age chills the blood, when our pleasures are past -
For years fleet away with the wings of the dove -
The dearest remembrance will still be the last,
Our sweetest memorial the first kiss of love.
The disadvantage of men not knowing the past is that they do not know the present. History is a hill or high point of vantage, from which alone men see the town in which they live or the age in which they are living.
In saying no to progress, it is not the future which they condemn, but themselves. They give themselves a melancholy disease; they inoculate themselves with the past. There is but one way of refusing tomorrow, that is to die.
It's easy to identify many investment managers with great recent records. But past results, though important, do not suffice when prospective performance is being judged. How the record has been achieved is crucial.
The catastrophe of the atomic bombs which shook men out of cities and businesses and economic relations, shook them also out of their old-established habits of thought, and out of the lightly held beliefs and prejudices that came down to them from the past.
In the past, the respect people had for religion meant that ethical practice was maintained through a majority following one religion or another. But this is no longer the case. We must therefore find some other way of establishing basic ethical principles.
Michael Jackson has an anti-Semitic streak, and hasn't learned from his past mistakes. It seems every time he has a problem in his life, he blames it on Jews.
In the immediate postwar era, financial crises in advanced countries were rare events, and before 1970 did not happen at all. Since then they have occurred more often, and 2008 was the most damaging of them all to date. If we have moved back to a regime of regular financial crises - like the one we had from the 1870s to the 1930s - then our economic future will be very different from our recent past.