A Quote by William O. Douglas
The rules when the giants play are the same as when the pygmies enter the market.
Related Quotes
When the war of the giants is over the wars of the pygmies will begin.
We are all giants, raised by pygmies, who have learned to walk with a perpetual mental crouch.
There was this superstitious fear on the part of the pygmies of the present for the relics of the giants of the past.
This was the tree, and it seemed to me standing there to resemble those men, the giants of your childhood, whom you encounter years later and find that they are not merely smaller in relation to your growth, but they are absolutely smaller, shrunken by age. In this double demotion the old giants have become pygmies while you were looking the other way.
The aspiring efforts of genius, or virtue, either in active or speculative life, are measured, not so much by their real elevation, as by the height to which they ascend above the level of their age and country; and the same stature, which in a people of giants would pass unnoticed, must appear conspicuous in a race of pygmies.
We used to look at each other and say, 'We play the same game with the same rules, the same bat, the same ball, the same field. What the hell does color have to do with it? You don't play with color. You play with talent.'
When the weather changes and hurricanes hit, nobody believes that the laws of physics have changed. Similarly, I don't believe that when the stock market goes into terrible gyrations its rules have changed. It's the same stock market with the same mechanisms and the same people.
The grim fact is that we prepare for war like precocious giants, and for peace like retarded pygmies.
The world cannot continue to wage war like physical giants and to seek peace like intellectual pygmies
I don't think that golf has a place for two sets of rules. I think one of the reasons that the game has progressed in the way that it has over the years is the fact that the amateurs and the pros all play the same game, and they play under the same set of rules.
Some missionaries are giants in the Spirit and pygmies in skills in the Spirit. Work hard to develop a balance. Your leaders, and you, should teach the skills to each other.
Having led many negotiations with countries outside the E.U. in the past, we would never enter the same compromises and reach the same good outcomes with states that don't shoulder the responsibilities and costs of the common market.
As a bull market turns into a bear market, the new pros turn into optimists, hoping and praying the bear market will become a bull and save them. But as the market remains bearish, the optimists become pessimists, quit the profession, and return to their day jobs. This is when the real professional investors re-enter the market.
Pygmies are pygmies still, though percht on Alps; And pyramids are pyramids in vales. Each man makes his own stature, builds himself. Virtue alone outbuilds the Pyramids; Her monuments shall last when Egypt's fall.
There are a lot of threats out there. Amazon can enter the travel market. Google could enter the accommodation space. But that is not something that we actively focus on.
As someone with a deep faith in competition and the market, I also know that markets only work with tough enforcement of the rules that guarantee competition and fair play - and that the pressure to break those rules only gets stronger as the amount of money involved gets larger.
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