Abraham Lincoln was asked by an aide about the church service he had attended. Lincoln responded that the minister was inspired, interesting, well-prepared, eloquent and the topic relevant. The aide said, “Then it was a good service?” Lincoln responded, “No.” The aide protested, “But, Mr. President, you said that the minister was inspired, interesting, well-prepared, eloquent, and that the topic was relevant.” “Yes,” replied Lincoln, “but he didn’t challenge us to do any great thing.
I probably would've kept slogging on that same chord change, because there's a tendency to have that happen. You get into the cadence in your mind, and it's hard to make the kind of left turn that you probably need to keep it really interesting.
Dear Mother, I am getting on nicely in my work at the bank, and like it ... I want to find out something about the science of money while I am at it; it is an extraordinarily interesting subject.
Happiness is this place that, once you arrive there, you have nothing else to do. You get bored. Passion is this up and down; it's like a rollercoaster, you know, and much more interesting to me.
Geoffrey's personal style was very different from mine. He has a lovely speaking voice, a quiet speaking voice. But at Cabinet we always reported on foreign affairs - we always had this quiet voice. It was so quiet sometimes I had to say 'speak up'. And he gave it in a way which wasn't exactly scintillating. And you know, foreign affairs are interesting. They affect everything that happened to our own way of life, and they are exciting. And so we just diverged.
I have one other issue I'd like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here. If we are dealing with psychology, then the thermometers one uses to measure it have an effect. I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market. There's an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
The ideals which have always shone before me and filled me with the joy of living are goodness, beauty, and truth. To make a goal of comfort or happiness has never appealed to me; a system of ethics built on this basis would be sufficient only for a herd of cattle.
What's interesting to me is drama and conflict. Things aren't interesting without conflict and resolution of conflict - or striving towards a resolutions of conflict.
If there wasn't anything to find out, it would be dull. Even trying to find out and not finding out is just as interesting as trying to find out and finding out; and I don't know but more so.
We rarely use much debt and, when we do, we attempt to structure it on a long-term fixed rate basis. We will reject interesting opportunities rather than over-leverage our balance sheet. This conservatism has penalized our results but it is the only behavior that leaves us comfortable, considering our fiduciary obligations to policyholders, depositors, lenders and the many equity holders who have committed unusually large portions of their net worth to our care.