In the fairy tale, an incomprehensible happiness rests upon an incomprehensible condition. A box is opened and all evils fly out. A word is forgotten and cities perish. A lamp is lit and love flies away. An apple is eaten and the hope of God is gone.
No company should depend on one person no matter how that person is smart or genius, whether it's Apple or News Corp, or Citibank or any other company in the world.
The Union, and the Constitution, are the picture of silver, subsequently framed around it. The picture was not made to conceal or destroy the apple, but to adorn and preserve it. The picture was made for the apple-not the apple for the picture.
How many times it thundered before Franklin took the hint! How many apples fell on Newton's head before he took the hint! Nature is always hinting at us. It hints over and over again. And suddenly we take the hint.
We know there is gravity because apples fall from trees. We can observe gravity in daily life. If we could throw an apple to the edge of the universe, we would observe it accelerating.
When I have attempted to join myself to others by services, it proved an intellectual trick,-no more. They eat your service like apples, and leave you out. But love them, and they feel you, and delight in you all the time.
Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very low gravitational pull on asset prices.