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.
Unless a person decides that `Whatever the cost, I want just to be myself. Condemned, unaccepted, losing respectability - everything is okay but I cannot pretend anymore to be somebody else`... This decision and this declaration - this declaration of freedom, freedom from the weight of the crowd - gives birth to your natural being, to your individuality. Then you don`t need any mask. Then you can be simply yourself, just as you are. And the moment you can be just as you are, there is tremendous peace that passeth understanding.
Who can control this when its appetite is aroused? No one! In the very movement of this appetite, then, it has no "mode" that responds to the decisions of the will ... Yet what he wishes he cannot accomplish ... In the very movement of the appetite, it has no mode corresponding to the decision of the will.
Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.
We feel that our actions are voluntary when they follow a decision and involuntary when they happen without decision. But if a decision itself were voluntary every decision would have to be preceded by a decision to decide - An infinite regression which fortunately does not occur. Oddly enough, if we had to decide to decide, we would not be free to decide
Usually, I'm pretty good about sorting through the options and then making decisions that I'm confident are the best decisions in that moment, given the information we have. But there are times where I think I wish I could have imagined a different level of insight.
As Iraqi forces gain experience and the political process advances, we will be able to decrease our troop level in Iraq without losing our capability to defeat the terrorists. These decisions about troop levels will be driven by the conditions on the ground in Iraq and the good judgment of our commanders, not by artificial timetables set by politicians in Washington.
[When I ordered 30,000 more troops into Afghanistan] that was the first time in which I looked out at a crowd of West Point graduates and knew that some of those might not come back because of that decision.