For too long, many nations, including my own, tolerated, even excused, oppression in the Middle East in the name of stability. Oppression became common, but stability never arrived. We must take a different approach. We must help the reformers of the Middle East as they work for freedom, and strive to build a community of peaceful, democratic nations.
I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
If we consider eternity, into that time never entered; eternity is not an everlasting flux of time, but time is as a short parenthesis in a long period; and eternity had been the same as it is, though time had never been.
You should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned them indirectly through BPL. I think about them as businesses, not "stocks", and if the business does all right over the long term, so will the stock.
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.
The essential thing ‘in heaven and earth’ is that there should be a long obedience in the same direction; there thereby results, and has always resulted in the long run, something which has made life worth living.