Wisdom is the power to put our time and our knowledge to the proper use.
Successful investment is a battle for financial survival.
The greatest safety lies in putting all your eggs in one basket and watching the basket.
Stocks are bought on expectations, not facts.
Market values are fixed only in part by balance sheets and income statements; much more by the hopes and fears of humanity; by greed, ambition, acts of God, invention, financial stress and strain, weather, discovery, fashion and numberless other causes impossible to be listed without omission.
Knowledge born from actual experience is the answer to why one profits; lack of it is the reason one loses
I once read about a meeting of economists who agreed that if their forecasts were 33 13 % correct, that was considered a high mark in their profession. Well, of course, I know you cannot invest in securities successfully with odds like that against you if you place dependence solely upon judgement as to the right securities to own and the right time or price to buy them. Then, too, I read somewhere about the man who described an economist as resembling ‘a professor of anatomy who was still a virgin. ’
If the death of Osama Bin Laden brings any peace to those who lost loved ones on that awful day in September 2001, that is a great thing. It is more likely, however, just a painful reminder of what was lost.
What I secretly longed for was to disentangle myself of all those lives which had woven themselves into the pattern of my own life and were making my destiny a part of theirs. To shake myself free of these accumulating experiences which were mine only by force of inertia required a violent effort. Now and then I lunged and tore at the net, but only to become more enmeshed. My liberation seemed to involve pain and suffering to those near and dear to me. Every move I made for my own private good brought about reproach and condemnation. I was a traitor a thousand times over.
Conventional history completely ignores half the human race.
You needn't take it any further, sir. You've proved to me that all this ultraviolence and killing is wrong, wrong, and terribly wrong. I've learned me lesson, sir. I've seen now what I've never seen before. I'm cured! Praise Bog! I'm cured! I was cured alright.