Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
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.
All artists are vain, they long to be recognized and to leave something to posterity. They want to be loved, and at the same time they want to be free. But nobody is free.
Developing wisdom in community is to constantly learn and relearn that expedience in the short term - whether for efficiency or profitability - can lead to disasters in the long term in financial, ecological, political, social, and spiritual spheres.
Man cannot possess anything as long as he fears death. But to him who does not fear it, everything belongs. If there was no suffering, man would not know his limits, would not know himself.
Modern science has as its object as little pain as possible, as long a life as possible - hence a sort of eternal blessedness, but of a very limited kind in comparison with the promises of religion.
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.