If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor.
The world will very soon be divided, unless I am mistaken, into those who still go on explaining our success, and those somewhat more intelligent who are trying to explain our failure.
Sane and intelligent human beings are like all other human beings, and carefully and cautiously and diligently conceal their private real opinions from the world and give out fictitious ones in their stead for general consumption.
For the price of intelligence as we now know it is chronic anxiety, anxiety which appears to increase—oddly enough—to the very degree that human life is subjected to intelligent organization.
If an intelligent, educated, and healthy man begins to complain of his lot and go down-hill, there is nothing for him to do but to go on down until he reaches the bottom--there is no hope for him. Where could my salvation come from? How can I save myself? I cannot drink, because it makes my head ache. I never could write bad poetry. I cannot pray for strength and see anything lofty in the languor of my soul. Laziness is laziness and weakness weakness. I can find no other names for them. I am lost, I am lost; there is no doubt of that.
Tsars and slaves, the intelligent and the obtuse, publicans and pharisees all have an identical legal and moral right to honor the memory of the deceased as they see fit, without regard for anyone else's opinion and without the fear of hindering one another.
The intelligent person is not one who merely knows what is good and what is bad. The intelligent person is one who, when he sees what is good, follows it, and when he sees evil, shuns it.
He with whom neither slander that gradually soaks into the mind, nor statements that startle like a wound in the flesh, are successful may be called intelligent indeed.