A Quote by Walter Schloss
Managements, you know, often think of themselves.
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Some managements do not even think of buybacks as an option. The idea of shrinking their equity base repels them. Their inclination instead is to get bigger, and this often leads them to pay rich prices for acquisitions that never earn their keep.
I don't know whether these people are going to find themselves, but as they live their lives they have no choice but to face up to the image others have of them. They're forced to look at themselves in a mirror, and they often manage to glimpse something of themselves.
Of course the thoughts and awareness are there, but it's all incomplete and often fanciful - kids know there's something to know, and they fill in a bunch of the blanks with their imaginations if their parents haven't had the conversations and/or established themselves as sources of information. It's rare that the kids know nothing at all, and the somethings they do know are often only partially right or flat-out wrong.
Good managements produce a good average market price, and bad managements produce bad market prices.
All the real money in investment will have to be made as most of it has been in the past not out of buying and selling but out of owning and holding securities, receiving interests and dividends therein, and benefiting from their long-term increases in value. Hence stockholder's major energies and wisdom as investors should be directed toward assuring themselves of the best operating results from their corporations. This in turn means assuring themselves of fully honest and competent managements.
One of the problems with industries that have been in relatively long-term declines is that, very often, the managements in those industries develop a kind of loser mentality. And when you ask them what's wrong with the business, they'll point to extraneous forces.
Think of all the women you know who will not allow themselves to be seen without makeup. I often wonder how they feel about themselves at night when they are climbing into bed with intimate partners. Are they overwhelmed with secret shame that someone sees them as they really are? Or do they sleep with rage that who they really are can be celebrated or cared for only in secret?
All writers write about themselves, just as the old storytellers chose to tell stories that spoke to and about themselves. They call it the world, but it is themselves they portray. The world of which they write is like a mirror that reflects the inside of their hearts, often more truly than they know.
I think that women on expeditions often get sucked into giving 150 percent of themselves because they feel they have to prove themselves physically equal to men. We get ourselves into trouble and burn out.
If you put a much older woman in 'Doctor Who,' they can identify with it. I think it's quite an interesting concept, and if you remember things like 'Grimm's Fairytales,' the older woman is often the villainess, often the terrifying figure - why I do not know, but often she is. I think it's an idea to be exploited.
I mean I don't really think about it. You know, do you know what I often say to myself? I think you're very lucky in life if you know what you want to do.
I felt like crying but nothing came out. it was just a sort of sad sickness, sick sad, when you can't feel any worse. I think you know it. I think everybody knows it now and then. but I think I have known it pretty often, too often.
How people see the world is often a reflection of how they see themselves. If they think that the world is just a cesspool of lies and deceit, then they themselves may be full of lies and deceit. Watch out for those people who are always telling you just how corrupt the rest of the world is. As the saying goes, 'It takes one to know one.'
I can't think of a greater privilege than to speak out with legislation for people that can't often speak for themselves. And I know the ABLE Act will bring justice and peace of mind to millions of American families who deal with disabilities every day.
I regard almost all quarrels of princes on the same footing, and I see nothing that marks man's unreason so positively as war. Indeed, what folly to kill one another for interests often imaginary, and always for the pleasure of persons who do not think themselves even obliged to those who sacrifice themselves for them!
Today, a young person that doesn't know themselves will totally be sold some other situation. Let's do your avatar. You know? And young people are going out, spending what little they have to try to buy themselves when they don't have themselves, or they feel like they don't have themselves. To me, that's like a damn pimp tragedy.
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