A Quote by Benjamin Graham
It is worth pointing out that assuredly not more than one person out of a hundred who stayed in the market after after 1925 emerged from it with a net profit and that the speculative losses taken were appalling.
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In 1985, the top five percent of the households - the wealthiest five percent - had net worth of $8 trillion - which is a lot. Today, after serial bubble after serial bubble, the top five per cent have net worth of $40 trillion. The top five percent have gained more wealth than the whole human race had created prior to 1980.
They're out there, this appalling idea that there are companies that profit - not just profit but profit enormously - through war.
And would it have been worth it, after all, Would it have been worth while, After the sunsets and the dooryards and the sprinkled streets, After the novels, after the teacups, after the skirts that trail along the floor - And this, and so much more? -
The truth is that I've got all my net worth safely in Berkshire and I will never sell a share so there is no one more concerned about what happens after my death than I am.
And the two planes that were taking the band and crew that we had taken out to San Diego were flying out after the show. And so I was never supposed to be on that plane.
Overseas investors have a choice. They can buy property, equities, bonds, or a host of other assets either in the United Kingdom or abroad. Each decision will be taken depending on the available net return, that is, the profit after tax.
It's not a failure if a marriage or partnership ends after a certain number of years. I think, in general, we expect too much of partners. We can't fulfil a person's every single need and, after ten years or so, many relationships wear out. If we were more philosophical about it, we wouldn't try to blame the other person or be bitter.
America after Trump may be more like the European Union; a rambling alliance of interstate compacts, rather than the forced marriage of a country that emerged after the Civil War.
The fact is that the two years or so after 9/11 were a terrible time in America – a time of political exploitation and intimidation, culminating in the deliberate misleading of the nation into the invasion of Iraq. It’s probably worth pointing out that I’m not saying anything now that I wasn’t saying in real time back then, when Bush had a sky-high approval rating and any criticism was denounced as treason. And there’s nothing I’ve done in my life of which I’m more proud.
As we interact with others, we can either be a person who is bringing out their best or pointing out their worst. Regardless, however, our choice is always more information about us than them.
Out of a hundred years a few minutes were made that stayed with me, not a hundred years.
And maybe the cereal makers by and large have learned to be less crazy about fighting for market share-because if you get even one person who's hell-bent on gaining market share.... For example, if I were Kellogg and I decided that I had to have 60% of the market, I think I could take most of the profit out of cereals. I'd ruin Kellogg in the process. But I think I could do it.
My final remark to young women and men going into experimental science is that they should pay little attention to the speculative physics ideas of my generation. After all, if my generation has any really good speculative ideas, we will be carrying these ideas out ourselves.
I had removed my patent leather shoes after a while, for they foundered badly in the sand. It pleased me to think they would be perched there on the silver log, pointing out to sea, like a sort of soul-compass, after I was dead.
I couldn't put my finger on one reason why we broke up. It was time, and we were spreading out. They were spreading out more than I was. I would've stayed with the band.
Kids win this'n'that every day. Thousands of them. One out of a hundred fights professionally. One out of a thousand's worth watchin', one out of a million's worth coffee and doughnuts.
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