One doesn't make peace with one's friends. One makes peace with one's enemies.
There is no such thing as a normal period of history. Normality is a fiction of economic textbooks.
The fundamental differences between Marxian and traditional orthodox economics are, first, that the orthodox economists accept the capitalist system as part of the eternal order of Nature, while Marx regards it as a passing phase in the transition from the feudal economy of the past to the socialist economy of the future.
When I came up to Cambridge (in October 1921) to read economics, I did not have much idea of what it was about.
Even if the crises that are looming up are overcome and a new run of prosperity lies ahead, deeper problems will still remain. Modern capitalism has no purpose except to keep the show going.
I came away from the talk with the perception that the risk of adverse side effects is so much greater than the risk of cervical cancer, I couldn’t help but question why we need the vaccine at all.
In general, the nightmare quality of Marx's thought gives it, in this bedevilled age, an air of greater reality than the gentle complacency of the orthodox academics. Yet he, at the same time, is more encouraging than they, for he releases hope as well as terror from Pandora's box, while they preach only the gloomy doctrine that all is for the best in the best of all possible worlds.
Fund consultants like to require style boxes such as "long-short," "macro," "international equities. " At Berkshire our only style box is "smart. "
If you're retired, it's a blessing. You know, if you want to keep working and doing what you want to do, it's not a blessing as all - it's a curse.
There is no gain so certain as that which arises from sparing what you have.
People will want you to behave a certain way, to make a certain choice because it reinforces the way they see the world. . . But you have to do what's right for you.