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.
A murmuring, fateful, giant voice, out of the earth and sky, Voice of a mighty dying tree in the Redwood forest dense.... [T]he wood-spirits came from their haunts of a thousand years, to join the refrain; But in my soul I plainly heard. Murmuring out of its myriad leaves, Down from its lofty top, rising two hundred feet high, Out of its stalwart trunk and limbs - out of its foot-thick bark, That chant of the seasons and time - chant, not of the past only, but of the future.
Every creative act draws on the past whether it pretends to or not. It draws on what it knows. There's no such thing, really, as a creative act in a vacuum.
If one generation is expected to carry an excessive burden on behalf of another, it will seek by every means to avoid it. It will either demand that past promises are broken, or it will not work, or it will not pay taxes, or the most talented people will leave. Socialist governments which have tried to tax 'till the pips squeak' have ample experience of that.
Of all the endless variety of phenomena which nature presents to our senses, there is none that fills our minds with greater wonder than that inconceivably complex movement which, in its entirety, we designate as human life; Its mysterious origin is veiled in the forever impenetrable mist of the past, its character is rendered incomprehensible by its infinite intricacy, and its destination is hidden in the unfathomable depths of the future... .
I can document this past week [of presidency] we've put out memos from every agency showing what did we do. Try to be as honest as possible. There's a little hype involved obviously. It's spin because it's our agencies. We feel some pride about it. But tried to be self-critical as well.
We must abandon completely the notion of blaming the past for any kind of situation we're in and reverse our thinking and see that the past always flows back from the present. That now is the creative point of life. So you see it's like the idea of forgiving somebody, you change the meaning of the past by doing that...Also, watch the flow of music. The melody as its expressed is changed by notes that come later. Just as the meaning of a sentence...you wait till later to find out what the sentence means...The present is always changing the past.
It would have been more to the point, more honest and more Christian, in past decades not to support those who intentionally destroyed healthy life than to rebel against those who have no other wish than to avoid disease. Moreover, a policy of laissez faire in this sphere is not only cruelty to the individual guiltless victims but also to the nation as a whole... If the Churches were to declare themselves ready to take over the treatment and care of those suffering from hereditary diseases, we should be quite ready to refrain from sterilizing them.
Nearly all Americans have ancestors who braved the oceans - liberty-loving risk takers in search of an ideal - the largest voluntary migrations in recorded history... Immigration is not just a link to America's past; it's also a bridge to America's future.