A Quote by Lord Chesterfield
Manners must adorn knowledge and smooth its way in the world, without them it is like a great rough diamond, very well in a closet by way of curiosity, and also for its intrinsic value; but most prized when polished.
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Manners must adorn knowledge and smooth its way through the world.
Virtue and learning, like gold, have their intrinsic value: but if they are not polished, they certainly lose a great deal of their luster: and even polished brass will pass upon more people than rough gold.
It must be owned, that the Graces do not seem to be natives of Great Britain; and I doubt, the best of us here have more of rough than polished diamond.
The soul is placed in the body like a rough diamond, and must be polished, or the luster of it will never appear.
Observation is like a piece of glass, which, as a mirror, must be very smooth, and must be very carefully polished, in order that it may reflect the image pure and undistorted.
Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life. The calculation of intrinsic value, though, is not so simple. As our definition suggests, intrinsic value is an estimate rather than a precise figure, and it is additionally an estimate that must be changed if interest rates move or forecasts of future cash flows are revised.
In the contemporary world, we think of politeness as surface behavior, like frosting - it's sweet and attractive and finishes off the cake. But 19th century nobility and the enlightened thinkers and stoics before them viewed manners in a very different way. To them, manners are an outward expression of an inward struggle.
Market value is irrelevant to intrinsic value. ... Unqualified judgment can at most claim to decide the market-value - a value that can be in inverse proportion to the intrinsic value.
I think the thing I miss most in our age is our manners. It sounds so old-fashioned in a way. But even bad people had good manners in the old days, and manners hold a community together, and manners hold a family together; in a way, they hold the world together.
In essence, the stock market represents three separate categories of business. They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value. The preference, always, would be to buy a long-term franchise at a substantial discount from growing intrinsic value.
It is not possible to be a scientist unless you believe that it is good to learn... that it is of the highest value to share your knowledge... with anyone who is interested... that the knowledge of the world, and the power which this gives, is a thing which is of intrinsic value to humanity
If we wish to imitate the physical sciences, we must not imitate them in their contemporary, most developed form; we must imitate them in their historical youth, when their state of development was comparable to our own at the present time. Otherwise we should behave like boys who try to copy the imposing manners of full-grown men without understanding their raison d' être, also without seeing that in development one cannot jump over intermediate and preliminary phases.
The available supply of gold and silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money intrinsic value that may come into use.
In essence, the stock market represents three separate categories of business.They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value.
The ability to talk well is to a man what cutting and polishing are to the rough diamond. The grinding does not add anything to the diamond. It merely reveals its wealth.
Curiosity and irreverence go together. Curiosity cannot exist without the other. Curiosity asks, "Is this true?" "Just because this has always been the way, is the best or right way of life, the best or right religion, political or economic value, morality?" To the questioner, nothing is sacred. He detests dogma, defies any finite definition of morality, rebels against any repression of a free, open search of ideas no matter where they may lead. He is challenging, insulting, agitating, discrediting. He stirs unrest.
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