The world is getting very much more competitive.
I believe that there is an important kernel of truth in the idea that financial errors recur every other generation.
Progress is cumulative in science and engineering, but cyclical in finance.
To suppose that the value of a common stock is determined purely by a corporation's earnings discounted by the relevant interest rates and adjusted for the marginal tax rate is to forget that people have burned witches, gone to war on a whim, risen to the defense of Joseph Stalin and believed Orson Welles when he told them over the radio that the Martians had landed.
[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.
Successful investing is about having people agree with you. . . later.
Central banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to raising up-if they can-economic growth and employment through the dubious means of suppressing interest rates and printing money. The nice thing about gold is that you can't print it.
How will you become free? With a quiet mind Come into that empty house, your heart, And feel the joy of the way Beyond the world. Look within - The rising and the falling.
The advantage of literature over life is that its characters are clearly defined, and act consistently.
We want to be true to ourselves, and honest to the fans and to ourselves.
In every man there is something wherein I may learn of him, and in that I am his pupil.