Toughest decision was early in my presidency when I ordered 30,000 more troops into Afghanistan. As somebody who had run to end a large troop presence overseas.
It is obvious that the performance of a stock last year or last month is no reason, per se, to either own it or to not own it now. It is obvious that an inability to "get even" in a security that has declined is of no importance. It is obvious that the inner warm glow that results from having held a winner last year is of no importance in making a decision as to whether it belongs in an optimum portfolio this year.
I suppose it is a bit of a date that we're having at the moment. As is usually the case you don't get married on a first date, you've got to go out a few times before you make any big decisions.
The parliamentary principle of vesting legislative power in the decision of the majority rejects the authority of the individual and puts a numerical quota of anonymous heads in its place. In doing so it contradicts the aristocratic principle, which is a fundamental law of nature.