A nation is not going mad when it does extravagant things, so long as it does them in an extravagant spirit. But whenever we see things done wildly, but taken tamely, then the State is growing insane.
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.
Walking helps me a lot to feel alive, and I do this every single day, my wife and I. We have long conversations about nature, and we also walk silently, just contemplating.
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.
As long as you're giving up quality records and you're makin' hit records, people are always gonna want to hear a hit and they'll always want to be attached to something that's doin' great.
I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.
Against the censurers of brevity. - Something said briefly can be the fruit of much long thought: but the reader who is a novice in this field, and has as yet reflected on it not at all, sees in everything said briefly something embryonic, not without censuring the author for having served him up such immature and unripened fare.
The great monopoly in this country is the money monopoly. So long as it exists, our old variety of freedom and individual energy of development are out of the question.
Whether a man chooses to tell the truth in long sentences or short jokes is a problem analogous to whether he chooses to tell the truth in French or in German.