A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of great companies with great management at good prices. Only for short term investors and market timers is a correction not an opportunity.
So, the tendency of our childish nature is to take small things too seriously and get easily offended, whereas when we are confronted with situations which have long-term consequences, we tend to take things less seriously
Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong.
A wrong attitude towards nature implies, somewhere, a wrong attitude towards God, and that the consequence is an inevitable doom. For a long enough time we have believed in nothing but the values arising in a mechanized, commercialized, urbanized way of life: it would be as well for us to face the permanent conditions upon which God allows us to live upon this planet.
I'm the most insecure guy in Hollywood. If you had it good all your life, you figure it can't ever get bad, but when you had it bad, you wonder how long a thing like this will last
Personally I would like to see that the nuclear age, in terms of power, does come, because there's no long-term future for developing countries without nuclear power.
I've had very deep relationships that lasted for long periods of time with people - you could almost call them marriages, even though I didn't marry. But it was costly.
American long for a closed society in which everything can be bought, where laborers are either hidden away or dressed up as nonhumans, so as not to be disconcerting. This place is called Disney World
As I look back over the truly crucial events in my life I realize that they were not planned long in advance. Albert Einstein said, 'There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is.'