—Warren Buffett in his 1991 letter to Berkshire Hathaway shareholders The stock market serves as a relocation center at which money is moved from the active to the patient.”
Month: November 2016
— Oliver Sacks I have loved and been loved. I have been given much and I have given something in return; I have read and traveled and thought and written… Above all, I have been a sentient being, a thinking animal, on this beautiful planet; and that in itself has been an enormous privilege and …
The great political satirist H.L. Mencken called elections an “auction sale of stolen goods.”
– Forrest McDonald, The American Presidency There is no point in asking why Americans get caught up in the presidential election ritual, even when the campaigns are obviously manipulative and the candidates are far from the best the country has to offer. […] All rituals rest upon faith, not logic; all involve suspension of disbelief; …
Charlie Munger through value investing world blog There’s an old expression on this subject, which is really an expression on moral theory: “How nice it is to have a tyrant’s strength and how wrong it is to use it like a tyrant.” It’s such a simple idea but it’s a correct idea.”
— Lawrence Endersen from Pebbles of Perception Imagine you are dying and have no material wealth. You are allowed to pass on one or two pieces of thoughtful and useful advice to your young adult children. That is the only inheritance you can leave behind — thoughtful advice that they will understand and apply in …