In these days the invention of printing, and the diffusion of knowledge, render historical calumnies a little less dangerous: truth will always prevail in the long run, but how slow its progress!
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.
The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.
Some critics are like chimney-sweepers; they put out the fire below, and frighten the swallows from their nests above; they scrape a long time in the chimney, cover themselves with soot, and bring nothing away but a bag of cinders, and then sing from the top of the house as if they had built it.
You’re just the romantic age,” she continued- “fifty. Twenty-five is too worldly wise; thirty is apt to be pale from overwork; forty is the age of long stories that take a whole cigar to tell; sixty is- oh, sixty is too near seventy; but fifty is the mellow age. I love fifty.” - Hildegarde
As I have mentioned before, we cannot make the same sort of money out of permanent ownership of controlled businesses that can be made from buying and reselling such businesses, or from skilled investment in marketable securities. Nevertheless, they offer a pleasant long term form of activity (when conducted in conjunction with high grade, able people) at satisfactory rates of return.
If a man fasten his attention on a single aspect of truth and apply himself to that alone for a long time, the truth becomes distorted and not itself but falsehood.