The foibles of my body are pretty much out there in the work I do.
Every debt is ultimately paid, if not by the debtor, then eventually by the creditor.
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.
I have tried to defend what is most precious to our American society, a society that is now at war against the forces of racial intolerance. A big part of me making the decision was how important the play is for the times that we live in. This is a classic. It's a masterpiece of American playwriting. It's about discrimination and it's about we Mexicans being a target for so many years.
George wrote Taxman, and I played guitar on it. He wrote it in anger at finding out what the taxman did. He had never known before then what could happen to your money.
O Sun, great Oriental, my proud mind's golden cap, I love to wear you cocked askew, to play and burst in song throughout our lives, and so rejoice our hearts.
The arc of history is longer than human vision. It bends. We abolished slavery, we granted universal suffrage. We have done hard things before. And every time it took a terrible fight between people who could not imagine changing the rules, and those who said, 'We already did. We have made the world new. ' The hardest part will be to convince yourself of the possibilities, and hang on.