A Quote by Amity Shlaes
If expectations of lifetime earnings drop, then so will spending.
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It is good that life never fulfils your dreams - it always goes on disposing, in a way. It gives you a thousand and one opportunities to be frustrated so that you can understand that expectations are not good and dreams are futile and desires are never fulfilled. Then you drop desiring, you drop dreaming, you drop proposing. Suddenly you are back home and the treasure is there.
If you don't know, then it's all right. There need not be any expectations. If there are no expectations, then you are free. If you expect, then you are in bondage. Choose whatever you want. Expectations are never fulfilled.
If we're concerned about volatility of earnings because we want some more stability in our lives, then let's create, instead of an unemployment insurance system, an earnings insurance system that will moderate the volatility for a certain period of time until we get back on our feet.
I like spending time at home. In Paris, people drop by and have a bite to eat, or they drop by and watch Friends on TV. I take my dog to the office there, and I walk to work sometimes.
In felling a tree we should cut into the trunk of it to the very heart, and then leave it standing so that the sap may drain out drop by drop throughout the whole of it... Then and not till then, the tree being drained dry and the sap no longer dripping, let it be felled and it will be in the highest state of usefulness.
Nurturing and spending time and effort on what's happening underneath our exteriors is much more lucrative than spending a lifetime and shed load of money on your outside.
Life by the yard is hard; by the inch it's a cinch. Each of us can be true for just one day--and then one more and then one more after that--until we've lived a lifetime guided by the Spirit, a lifetime close to the Lord, a lifetime of good deeds and righteousness.
What we do is we test what works on Wall Street. And sometimes it is earnings momentum, and sometimes it's earnings surprises. Sometimes it's price-to-sales cash flow, and then we put together our stock selection models.
If I fulfill YOUR expectations, how am I going to transform you? I have to DESTROY your expectations. I have to destroy the very mind that creates those expectations. If you come to me, never come with expectations, otherwise you will be disappointed - because I have no obligation to fulfill your expectations in any way. In fact, if I see that there are some expectations, I do things DELIBERATELY to destroy those expectations. That is the price you have to pay to be with me.
If politicians get money to spend and don't have to be responsible for taxation, then of course that will bias their attitude toward more spending as opposed to cutting back on spending.
A young financial writer once brought ridicule upon himself by stating that a certain company had nothing to commend it except excellent earnings. Well, there are companies whose earnings are excellent but whose stocks I would never recommend. In selecting investments, I attach prime importance to the men behind them. I'd rather buy brains and character than earnings. Earnings can be good one year and poor the next. But if you put your money into securities run by men combining conspicuous brains and unimpeachable character, the likelihood is that the financial results will prove satisfactory.
If drugs were legalized in the US, the Mexican economy would collapse since the earnings from drugs bring in more hard currency than its largest licit source, oil sales. Mexico is a corrupt state that has now become dependent on the earnings on an illegal product. But inevitably, the product will become legal and then Mexico will retain its corruption but must face the needs of its citizens now employed by the drug industry who have become steeped in violence and conditioned to higher incomes.
The challenge we face as a government is meeting expectations - not specific expectations, but the larger expectations: things that need to be changed and that Narendra Modi will do it as though he has a magic wand.
I'm not big on the after-death experience. If you've done a very good job in your current lifetime, then your next lifetime will be set up for you.
If you can follow only one bit of data, follow the earnings - assuming the company in question has earnings. I subscribe to the crusty notion that sooner or later earnings make or break an investment in equities. What the stock price does today, tomorrow, or next week is only a distraction.
Understand your darkness and it will vanish; then you will know what light is. Understand your nightmare for what it is and it will stop; then you will wake up to reality. Understand your false beliefs and they will drop; then you will know the taste of happiness.
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