A Quote by Seth Klarman

The inability to hold cash and the pressure to be fully invested at all times meant that when the plug was pulled out of the tub, all boats dropped as the water rushed down the drain.
Typically there are little fragments of specific words and images swimming around in my mind, and then at some point, I'll sit down with the guitar and everything will fall into place. It's like your brain is a drain with a bunch of words and images dropping into it, swirling around. The drain is stopped up, but you can feel these things dropping into it. Then at some point, someone comes along and pulls the plug out of the drain and everything comes together in the song.
So okay - there you are in your room with the shade down and the door shut and the plug pulled out of the base of the telephone. You've blown up your TV and committed yourself to a thousand words a day, come hell or high water. Now comes the big question: What are you going to write about? And the equally big answer: Anything you damn well want.
Rust, corrosion, wind, rain. The nibbling teeth of mice and the acrid droppings of insects and the devouring jaws of years. The was of nature upon machines, of the planet's chaotic forces upon the works of humankind. The energy that man had pulled from the earth was being inexorably pulled back into it, sucked like water down a drain. Before long, if it hadn't happened already, not a single high-tension pole would be left standing on the earth. Mankind had built a world that would take a hundred years to die. A century for the last light to go out.
Today the influences of your society pressure you to be successful before your time. They are pulling you down. They have pulled you down, you big, sweet, magnificent, young, potential artists. They have pulled you down so far that you are on the verge of destruction. Only you don't know it because you want to be a success
After I started Slipknot, I was very honored because I got in touch with the masses. But I was very down on myself because I dropped out of college, which meant I dropped out on myself.
The bluebells made such a pool that the earth had become like water, and all the trees and bushes seemed to have grown out of the water. And the sky above seemed to have fallen down on to the earth floor; and I didn’t know if the sky was the earth or the earth was water. I had been turned upside down. I had to hold the rock with my fingernails to stop me falling into the sky of the earth or the water of the sky. But I couldn’t hold on.
That's the old ecological tale that explains humans' inability to fully appreciate global warming. To wit: if you drop a frog in a pan of hot water, it jumps out. If you drop it in a pan of cold water, then turn the heat up slowly, you can roast it to death.
I was a chubby, chubby little tub-tub. At the times when it mattered: twelve, thirteen, and fourteen. I'm so happy I was. If you're beautiful young, you really miss out on developing parts of yourself.
[On William Lyon Phelps's Happiness:] It is second only to a rubber duck as the ideal bathtub companion. It may be held in the hand without causing muscular fatigue ... and it may be read through before the water has cooled. And if it slips down the drain pipe, all right, it slips down the drain pipe.
My suit blew up into a parachute. All this water rushed in, there's air, water in there. I was freaking out.
Ender stepped under the water and rinsed himself, took the sweat of combat and let it run down the drain. All gone, except they recycled it and we'll be drinking Bonzo's blood water in the morning. All the life gone out of it, but his blood just the same, his blood and my sweat, washed down in their stupidity or cruelty or whatever it was that made them let it happen.
Our first use of cash is invested organically, secondly returning values our shareholders - roughly 100 percent free cash flow. And then thirdly, mergers, acquisitions, partnerships that complement our organic strategy. We are going to continue down that path.
Why, just a couple of economic seasons ago, was idle cash considered an indication of bad management or lazy management? Because it meant that management didn't have this money out at work ... Now look. Presto! A new fashion! Cash is back in! Denigrating liquidity has dropped quicker than hemlines. A management is now saluted if it has some cash, some liquidity, doesn't have to go to the money market at huge interest rates to get the wherewithal to keep going and growing. Along with Ben Franklin, my father and your father would understand and applaud this new economic fashion.
Pressure to produce over the short term - a gun to the head of everyone - encourages excessive risk taking which manifests itself in several ways - fully invested posture at all times, the use of leverage, and a market centric orientation that makes it difficult to stand apart from the crowd and take a long term perspective.
I don't actually have to think very hard when I'm writing. I mean, there are times where it's a task, and you have to plug away and plug away. But then there are times when a song writes itself in 15 minutes, and you're just struggling to keep up with it.
We want to use cash. The reason we haven't used our cash two years ago, we just didn't find things that were that attractive. But when people talk about cash being king, it's not king if it just sits there and never does anything. There are times when cash buys more than other times, and this is one of the other times when it buys a fair amount more, so we use it.
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