The War on Terror is one of the most critical national security efforts in our history.
[T]he first bad bank loan was no doubt made around the time of the opening of the first bank.
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.
The gift of Truthovercomes all gifts. The joy of Truthovercomes all pleasures. The taste of Truthovercomes all sweetness.
We expect our leaders to be godlike. But I feel that when people try to sanctify leadership, it puts it out of the realm of regular people. And that's where the greatest leaders come from - from the people.
I will say that the difference was that when you're an Army journalist, as opposed to a civilian correspondent covering the military, you're very often either a public relations agent or expected to perform that role. I would say that one of the most unexpected benefits of that job was being taught to never try to cover anything up, but rather to get any bad information out right away, so that there would be nothing more to come out later. This was a wonderful lesson to be taught because often the effort to cover up a story becomes a bigger story than the original one.
Memories are perhaps the best gifts of all.