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.
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 thought everything was interesting. I wanted to go scuba diving and I wanted to learn how to surf. Because I grew up in the 60s girls were not allowed to do anything. As I've gotten older and realized that women can do things like that I thought, 'Why not? Now's the time.'
Newman cast a despairing glance at his small store of fuel, but, not having the courage to say no-a word which in all his life he never had said at the right time, either to himself or anyone else-gave way to the proposed arrangement.
Writing saved me from the sin and inconvenience of violence - as it saves most writers who live in 'interesting' oppressive times and are not afflicted by personal immunity.
Every child has inside him an aching void for excitement and if we don't fill it with something which is exciting and interesting and good for him, he will fill it with something which is exciting and interesting and which isn't good for him.
When a blind beetle crawls over the surface of a globe he doesn't notice that the track he has covered is curved. I was lucky enough to have spotted it.
After weeks on the road, listening to a language you don’t understand, using a currency whose value you don’t comprehend, walking down streets you’ve never walked down before, you discover that your old “I,” along with everything you ever learned, is absolutely no use at all in the face of those new challenges, and you begin to realize that buried deep in your unconscious mind there is someone much more interesting and adventurous and more open to the world and to new experiences.
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.