In our view, though, investment students need only two well-taught courses-How to Value a Business, and How to Think about Market Prices. Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily-understandable business who's earnings are virtually certain to be materially higher five, ten and twenty years from now.
I was raised a Catholic and when you're raised a Catholic they don't teach you to think for yourself. You're taught not to think too deeply about things.
I think in the case of horror, it's a chance to confront a lot of your worse fears and those fears usually have to do, ironically, with powerlessness and isolation.
I think people should be proud of the work they do, whatever it is. I have this other arty side that loves creating homes. I can be happy going to the hardware store.
For the longest time, I was just playing music and not really expecting any success - just kind of doing it because I liked doing it. While doing that, I went on a lot of shitty tours, playing to nobody, so I think it makes me appreciate it. Our band the New Pornographers have been popular for a few years now, but it still shocks me. I remember thinking we were hugely popular when we sold 15,000 records, and now this one sold 30,000 in two weeks. I'm grateful for the whole thing.
I would say that I have been consistent in my broad view of how American power should be deployed, and the view that we underestimate our power when we restrict it to just our military power. We shortchange our influence and our ability to shape events when that's the only tool we think we have in the toolbox.
Of course, to have money is just great because you can do what you think is important to you. I always was a rich person because money's not related to happiness.
I've already written a section in the annual report for next year explaining why I think in one case that the figures on our balance sheet as calculated are wrong. But it's the standard way of doing it. It's holy writ. The SEC wants us to do it that way, and we'll do it that way, and I'll explain why I think it's wrong and shareholders can read it and see whether they agree with my logic or don't.
God is inside you and inside everybody else. You come into the world with God. But only them that search for it inside find it. And sometimes it just manifest itself even if you not looking, or don't know what you looking for. Trouble do it for most folks, I think. ... Yeah, It. God ain't a he or a she, but a It.
There's not many businesses where someone can come in and offer to cut the price in half and somebody doesn't think about shifting. But that's the nature of the ratings business.