The Court's great power is its ability to educate, to provide moral leadership.
You have to understand what market history looks like. What market history tells you is that the very, very best investments are made when things look the worst.
Bluntly put, there's no chance that your doctor, dentist, or attorney is a high-school dropout. Your stockbroker, however, just might be.
The purpose of investing is not to simply optimise returns and make yourself rich. The purpose is not to die poor.
There are two kinds of investors, be they large or small: those who don't know where the market is headed and those who don't know what they don't know. Then again, there is a third type of investor: the investment professional, who indeed knows he doesn't know, but whose livelihood depends upon appearing to know.
The reason that 'guru' is such a popular word is because 'charlatan' is so hard to spell.
You have to understand your own psychology. You have to understand that human beings weren't really designed to invest. We have all these emotions that are appropriate responses if you're being chased by a tiger, but they're terrible responses if you've got a 30-year time horizon to think about investment or when you're trying to manage investment over 30 years.
For me, how I feel about what I wrote down turns into a song.
War kills men, and men deplore the loss; but war also crushes bad principles and tyrants, and so saves societies.
Whoever uses force without Right. . . puts himself into a state of War with those, against whom he uses it, and in that state all former Ties are canceled, all other Rights cease, and every one has a Right to defend himself, and to resist the Aggressor.
No world is without sacrifices. But if we produce casualties, we would also sustain casualties of our own.