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  • That goes back to 1932, although it was really implemented in '33 under Jesse Jones, and it invested in mostly banks initially and preferred stock and that sort of thing. So there are two things needed in the system, the one that's needed overwhelmingly is liquidity. I mean, when people are trying to [unintelligible], there has to be somebody there to buy.
    • 5 years ago



    Tags : Warren Buffett Quotes , Mean Quotes , Two Quotes
  • There are, then, three states of mind ... two vices--that of excess, and that of defect; and one virtue--the mean; and all these are in a certain sense opposed to one another; for the extremes are not only opposed to the mean, but also to one another; and the mean is opposed to the extremes.
    • 5 years ago



    Tags : Aristotle Quotes , Mean Quotes , Two Quotes
  • The artist usually sets out -- or used to -- to point a moral and adorn a tale. The tale, however, points the other way, as a rule. Two blankly opposing morals, the artist's and the tale's. Never trust the artist. Trust the tale. The proper functions of a critic is to save the tale from the artist who created it.
    • 5 years ago



    Tags : D. H. Lawrence Quotes , Artist Quotes , Two Quotes
  • There are two kinds of peacemakers in the modern world; and they are both, though in various ways, a nuisance. The first peacemaker is the man who goes about saying that he agrees with everybody. He confuses everybody. The second peacemaker is the man who goes about saying that everybody agrees with him. He enrages everybody. Between the two of them they produce a hundred times more disputes and distractions than we poor pugnacious people would ever have thought of in our lives.
    • 5 years ago



    Tags : Gilbert K. Chesterton Quotes , Men Quotes , Two Quotes
  • Washington has seldom seen so numerous, so industrious or so insidious a lobby. There is every evidence that money without limit is being spent to sustain this lobby.... I know that in this I am speaking for the members of the two houses, who would rejoice as much as I would to be released from this unbearable situation.
    • 5 years ago



    Tags : Woodrow Wilson Quotes , Two Quotes , House Quotes
  • There are still two forms besides democracy and oligarchy; one of them is universally recognized and included among the four principal forms of government, which are said to be (1) monarchy, (2) oligarchy, (3) democracy, and (4) the so-called aristocracy or government of the best. But there is also a fifth, which retains the generic name of polity or constitutional government.
    • 5 years ago



    Tags : Aristotle Quotes , Names Quotes , Two Quotes
  • An argument is made that there are just too many question marks about the near future; wouldn't it be better to wait until things clear up a bit? You know the prose: "Maintain buying reserves until current uncertainties are resolved," etc. Before reaching for that crutch, face up to two unpleasant facts: The future is never clear and you pay a very high price for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.
    • 5 years ago



    Tags : Warren Buffett Quotes , Two Quotes , Long Quotes