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.
The long words are not the hard words, it is the short words that are hard. There is much more metaphysical subtlety in the word "damn" than in the word "degeneration."
Ere long the most valuable of all arts will be the art of deriving a comfortable subsistence from the smallest area of soil. No community where every member possesses the art can ever be the victim of oppression in any of its forms.
Essentially Satori is a sudden experience, and it is often described as a "turning over" of the mind, just as a pair of scales will suddenly turn over when a sufficient amount of material has been poured into one pan to overbalance the weight in the other. Hence it is an experience which generally occurs after a long and concentrated effort to discover the meaning of Zen.
So you see how endlessly futile and fruitless it would be if we wanted to refute their objections every time they obstinately resolved not to think through what they say but merely to speak, just so long as they contradict our arguments in any way they can.
For, dear me, why abandon a belief, Merely because it ceases to be true, Cling to it long enough, and not a doubt, It will turn true again, for so it goes.
Why are women so fond of raking up the past? They're as bad as tailors, who invariably remember what you owe them for a suit long after you've ceased to wear it.
That's what so sad about a lot of modern music, in my opinion, so many young bands never stay around long enough to fulfill their ultimate promise. They only get halfway there or a quarter of the way there.
Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.