No formula in finance tells you that the moat is 28 feet wide and 16 feet deep. That's what drives the academics crazy. They can compute standard deviations and betas, but they can't understand moats.
Certain old men prefer to rise at dawn, taking a cold bath and a long walk with an empty stomach and otherwise mortifying the flesh. They then point with pride to these practices as the cause of their sturdy health and ripe years; the truth being that they are hearty and old, not because of their habits, but in spite of them. The reason we find only robust persons doing this thing is that it has killed all the others who have tried it.
If I can send the flower of the German nation into the hell of war without the smallest pity for the shedding of precious German blood, then surely I have the right to remove millions of an inferior race that breeds like vermin.
I got my influences from 70s bands - Zeppelin, Pink Floyd, blah blah blah. When I was growing up, we had all these crazy bands on the Top 40. Today, if Pink Floyd released "Money", it wouldn't even get played.
I have a really great family, and when Im not filming, I go home and walk the dogs, take out the garbage, clean my room, all that stuff. My family and my friends keep me in line, and make sure I dont get crazy.
Telling people that I wanted to make dance music, or be on the radio, they looked at me like I was crazy because there was nothing like that in Lichtenstein when I was getting started. That's why I went to Germany, because there is industry there.
If something feels right, I do it. If it feels wrong, I don't. It's really very, very simple, but you've got to be willing to take your chances doing stuff that may look crazy to other people - or not doing something that looks right to others but just feels wrong to you.
Once I even took the train to Utrecht, forty miles from Amsterdam, with my yellow star, this star which I still have. Why did I go? I just wanted to visit some friends. I was a little bit crazy, a little bit insane.
The United States does not have a monopoly on crazy people. It's not the only country that has psychosis. And yet we kill each other in these mass shootings at rates that are exponentially higher than anyone else. Well, what's the difference? The difference is that these guys can stack up a bunch of ammunition in their houses, and that's sort of par for the course.
If you know how to value businesses, it's crazy to own 50 stocks or 40 stocks or 30 stocks, probably because there aren't that many wonderful businesses understandable to a single human being in all likelihood. To forego buying more of some super-wonderful business and instead put your money into #30 or #35 on your list of attractiveness just strikes Charlie and me as madness.