A Quote by Kenneth Fisher
In the early days, I promoted the idea of spending time in libraries to gain facts that other investors didn't have. Not many people did that kind of research, so it worked.
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I worked hard. I worked late. I went in early. I did everything I could to gain an advantage.
I get worked up over an 'idea' or the ethos of an idea. I follow dreams, take notes on travels, and engage in research often - if I need names, details, facts that enhance the project.
People generally worry about social networking more than they need to. In kind of consumer internet investing and on social and professional networks, I kind of look at time spending and time efficiency. You know, time saving sites. So on time spending sites, things where you play lots of games or that sort of thing, you might worry about a productivity loss if people are spending a lot of time doing that. So if there's a lot of kind of addictive gaming going on during work hours, that won't be as helpful to you.
Some days felt longer than other days. Some days felt like two whole days. Unfortunately those days were never weekend days. Our Saturdays and Sundays passed in half the time of a normal workday. In other words, some weeks it felt like we worked ten straight days and had only one day off.
Does it sound outrageous to you that military spending for fiscal year 2000 will be almost $290 billion and all other domestic discretionary spending, such as education, job training, housing, Amtrak, medical research, environment, Head Start and many other worthwhile programs will total $246 billion, the biggest disparity in modern times ?
When Daniel Gorenstein was chair, he did mathematics from 5am to 12noon, spending the second half of his working day on administration. When I was chair, I also spent half of my time on research: every other minute.
In the early days of Pearl Jam, we were caught up in such a whirlwind that I was just trying to keep my head on straight and play music. I didn't have the kind of confidence that other guys in the band did.
Throughout my formal education I spent many, many hours in public and school libraries. Libraries became courts of last resort, as it were. The current definitive answer to almost any question can be found within the four walls of most libraries.
If you have a private firm and you spend a ton of money to pay employees, but what you produce is a flop, there will be no value to GDP. But government spending all gets counted as contributing to economic growth. That's why in the early days of creating these measurements, some people didn't want to count government spending.
I'm not afraid of facts, I welcome facts but a congeries of facts is not equivalent to an idea. This is the essential fallacy of the so-called "scientific" mind. People who mistake facts for ideas are incomplete thinkers; they are gossips.
That's always the most productive research - research into tone, into voice. Facts are nice, too, but facts are more raw material than creative inspiration.
We like to say the Internet is the ultimate library. But libraries are libraries because people come together and fund them through taxes. Libraries actually exist, all over the country, so why is it such a reach to imagine and to someday build a public institution that has a digital aspect to it? Of course the problem is that libraries and other public services are being defunded and are under attack, so there's a bigger progressive struggle this plays into.
Facts are only tools to gain control over yourself and other people.
'Vanity Fair' did this grid thing a couple years ago, connecting people who've worked together, and I had the most branches on it or whatever, because I'd worked with so-and-so and so-and-so worked with so-and-so, and I was kind of in the middle.
There's a certain kind of research you have to listen to - the factual stuff, not opinion. Facts are facts. Sugar is sweet - it's not a matter of opinion. It just is.
I've had two jobs my whole life. I worked at FedEx for, like, two days, and I worked at Popeye's for a week. I just needed a check. It was a standard thing for people where I'm from. Well, people from there that did what I did for a living, you know what I'm saying? Go get you a quick check when you mess your money up.
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