The traditional religions worry me. Their long history proves that they have not understood the meaning of the commandment: Thou shalt not kill. If we want to save this world from unimaginable destruction we should concentrate not on the faraway God , but on the heart of the individual.
The commission of the investment sins listed above is not limited to 'the little guy.' Huge institutional investors, viewed as a group, have long underperformed the unsophisticated index-fund investor who simply sits tight for decades. A major reason has been fees: Many institutions pay substantial sums to consultants who, in turn, recommend high-fee managers. And that is a fool's game.
But touch me, and no minister so sore.
Whoe'er offends, at some unlucky time
Slides into verse, and hitches in a rhyme,
Sacred to ridicule his whole life long,
And the sad burthen of some merry song.
You mightn't happen to have a piece of cheese about you, now? No? Well, many's the long night I've dreamed of cheese-toasted, mostly-and woke up again, and here I were.
A commission of haberdashers could alone have reported what the rest of her poor dress was made of, but it had a strong general resemblance to seaweed, with here and there a gigantic tea-leaf. Her shawl looked particularly like a tea-leaf after long infusion.
A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of great companies with great management at good prices. Only for short term investors and market timers is a correction not an opportunity.
Our day of dependence, our long apprenticeship to the learning of other lands, draws to a close. The millions, that around us arerushing into life, cannot always be fed on the sere remains of foreign harvests.
To truth only a brief celebration of victory is allowed between the two long periods during which it is condemned as paradoxical, or disparaged as trivial.