There is only that inevitable danger as long as there is lack of understanding; but the moment the individual understands, there will be no formation of religion.
There is no question that an important service is provided to investors by investment companies, investment advisors, trust departments, etc. This service revolves around the attainment of adequate diversification, the preservation of a long-term outlook, the ease of handling investment decisions and mechanics, and most importantly, the avoidance of the patently inferior investment techniques which seem to entice some individuals.
FRYING-PAN, n. One part of the penal apparatus employed in that punitive institution, a woman's kitchen. The frying-pan was invented by Calvin, and by him used in cooking span-long infants that had died without baptism; and observing one day the horrible torment of a tramp who had incautiously pulled a fried babe from the waste-dump and devoured it, it occurred to the great divine to rob death of its terrors by introducing the frying-pan into every household in Geneva. Thence it spread to all corners of the world, and has been of invaluable assistance in the propagation of his sombre faith.
What the world wants, what the world is waiting for, is not Modern Poetry or Classical Poetry or Neo-Classical Poetry - but Good Poetry. And the dreadful disreputable doubt, which stirs in my own skeptical mind, is doubt about whether it would really matter much what style a poet chose to write in, in any period, as long as he wrote Good poetry.
Time is the friend of the wonderful business. It's the enemy of the lousy business. If you're in a lousy business for a long time, you're going to get a lousy result, even if you buy it cheap. If you're in a wonderful business for a long time, even if you pay a little too much going in, you're going to get a wonderful result if you stay in a long time.
Face troubles from their birth, for 'tis too late to cure
When long delay has given the evil strength.
Haste then; postpone not to the coming hour: tomorrow
He'll be less ready who's not ready now.
It is within this fathoms-long carcass, with its mind and its notions, that I declare there is the world, the origin of the world, the cessation of the world and the path leading to the cessation of the world.
Whether someone believes something or not, believer or non-believer, as long as you are a member of the human family, you need warm human feeling, warmhearted feeling.
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.
As soon as the recovery is well under way, we need to set up a long-term plan to reduce the structural deficit and make sure we are not leaving a mountain of debt for the next generation.