I bought my first stock in 1942, in the summer of '42. I was 11 years old. And so 75 years have gone by. And I have never known what the market's going to do the next day. And that's not my game. My game is to decide whether I'm in the right economy, which America's definitely been ever since that time. The Dow has gone from 100 to 21,000 during that time. And no matter what the headlines say, or terrible things are happening - we were losing the war in the Pacific when I first bought stocks.
As they were during the Cold War, urban population centers remain the most likely targets of a nuclear attack. Now, however, an attack may come without warning from an unknown enemy, to achieve unclear motives.
All mankind is one volume. When one man dies, a chapter is not torn out of the book, but translated into a better language. And every chapter must be translated. God employs several translators; some pieces are translated by age, some by sickness, some by war, some by justice. But God's hand shall bind up all our scattered leaves again for that library where every book shall live open to one another