I needed to choose between the one thing that really filled m thoughts-my love for that woman-and losing my freedom and all the choices that the future promised me. To be honest, the decision was easy. -Lukas Jessen-Petersen
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.
The only thing that really matters is that there be an action of goodness, love and intelligence in living. Is goodness individual or collective, is love personal or impersonal, is intelligence yours, mine or somebody else? If it is yours or mine then it is not intelligence, or love, or goodness. If goodness is an affair of the individual or of the collective, according to one's particular preference or decision, then it is no longer goodness.
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
The administration took care of a source of instability in Iraq. Envision a world in which Saddam Hussein was rushing for a nuclear weapon to compete against Iran. My decision to remove Saddam Hussein was the correct decision in my judgment. We didn't find the weapons we thought we would find or the weapons everybody thought he had. But he was a significant source of instability.
Our characterization of collective folly is that sound judgment is not feasible when there is forced or false agreement in groups. We also show how group polarization sets the stage for risky and even dangerous decisions to be made. How we navigate between false agreement and polarization is the kind of mastery that collective wisdom represents.
The administration took care of a source of instability in Iraq. Envision a world in which Saddam Hussein was rushing for a nuclear weapon to compete against Iran. My decision to remove Saddam Hussein was the correct decision in my judgment. We didn't find the weapons we thought we would find or the weapons everybody thought he had. But he was a significant source of instability.
... but the important thing is that when you do find one where you really do know what you are doing, you must buy in quantity.... Charlie and I have made a dozen or so very big decisions relative to net worth, although not as big as they should have been. And in each of those, we've known that we were almost certain to be right going in.
Health care costs are on the rise because the consumers are not involved in the decision-making process. Most health care costs are covered by third parties. And therefore, the actual user of health care is not the purchaser of health care. And there's no market forces involved with health care.
My decision to destroy the authority of the blacks in Saint Domingue (Haiti) is not so much based on considerations of commerce and money, as on the need to block for ever the march of the blacks in the world.