If I always appear prepared, it is because before entering an undertaking, I have meditated long and have foreseen what might occur. It is not genius which reveals to me suddenly and secretly what I should do in circumstances unexpected by others; it is thought and preparation
As long as the mind is seeking to fill itself, it will always be empty. When the mind is no longer concerned with filling its own emptiness, then only does that emptiness cease to be.
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.
Countries trade with each other - or to be more precise people buy and sell from each other across frontiers - because that is the way to advance their interests. We do not need to beg people to trade with us - as long as we have something that people want, of a quality they expect and at a price they are prepared to pay.
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.
Composing on the typewriter, I find that I am sloughing off all my long sentences which I used to dote upon. Short, staccato, like modern French prose. The typewriter makes for lucidity, but I am not sure that it encourages subtlety.
Life is complicated. It wtarts before we're ready, it continues while we're still trying to figure out the point of it. And it ends long before we've worked out just what to do.
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.
He who has attained intellectual emancipation to any extent cannot, for a long time, regard himself otherwise than as a wanderer on the face of the earth and not even as a traveller towards a final goal, for there is no such thing.