I don't like listening to music that isn't real.
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.
To me the gold price takes the form of a very uncomplicated formula, and all you have to do is divide one by 'n. ' And 'n', I'm glad you ask, 'n' is the world's trust in the institution of paper money and in the capacity of people like Ben Bernanke to manage it. So the smaller 'n', the bigger the price. One divided by a receding number is the definition of a bull market.
But I had never drawn on a tablet before. I've been doing pencil and paper and film for almost 20 years. I wanted to try something different. I wanted to teach myself some digital stuff in advance of a bigger feature project that's coming up, and I took to it really quickly.
Credit buying is much like being drunk. The buzz happens immediately and gives you a lift. . . The hangover comes the day after.
You go on reacting to the image not to the person, and hence there is no relationship. When there is no image, then there is relationship.
I know what it feels like to be hurt,and I don't want to cause that pain to any other person or creature. But somehow, in society, we numb ourselves in order to make money or to feel better about ourselves, such as with cosmetics or food. We say to ourselves, I'm going to use this animal. I'm going to say it doesn't have much worth so that I can allow myself to do these cruel things. And that just isn't fair.