Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
When I look back at the past and think of all the time I squandered in error and idleness,... then my heart bleeds. Life is a gift... every minute could have been an eternity of happiness! If only youth knew! Now my life will change; now I will be reborn.
It takes a huge effort to free yourself from memory, but when you succeed, you start to realize that you’re capable of far more than you imagined. You live in this vast body called the Universe, which contains all the solutions and all the problems. Visit your soul; don’t visit your past. The Universe goes through many mutations and carries the past with it. We call each of those mutations a ‘life,’ but just as the cells in your body change and yet you remain the same, so time does not pass, it merely changes.
If we read the words and attitudes of the past through the pompous "wisdom" of the considered moral judgments of the present, we will find nothing but error.
At the still point of the turning world. Neither flesh nor fleshless; Neither from nor towards; at the still point, there the dance is, But neither arrest nor movement. And do not all it fixity, Where past and future are gathered. Neither movement from nor towards, Neither ascent nor decline. Except for the point, the still point, There would be no dance, and there is only the dance.
I certainly am not alone in the world with this demand; I am in the best of company. Let it be said that no self-respecting people and no responsible government would be able to think or much less act differently in such a case. The world has already seen a great many wars lost in the past.
We think that the world is limited and explained by its past. We tend to think that what happened in the past determines what is going to happen next, and we do not see that it is exactly the other way around! What is always the source of the world is the present; the past doesn't explain a thing. The past trails behind the present like the wake of a ship and eventually disappears.
I do not believe that any man can adequately appreciate the world of to-day unless he has some knowledge of -- a little more than a slight knowledge, some feeling for and of -- the history of the world of the past.
We human beings have enormous difficulty in focusing on the present; we always thinking about what we did, about how we could have done it better.... or else we think about the future, about what we're going to do.... But at this precise moment, you also realize that you can change your future by bringing the past into the present. Past and future only exist in our mind. The present moment, though, is outside of time, it's Eternity.... It isn't what you did in the past the will affect the present. It's what you do in the present that will redeem the past and thereby change the future.
We all live in the past, because there is nothing else to live in. To live in the present is like proposing to sit on a pin. It is too minute, it is too slight a support, it is too uncomfortable a posture, and it is of necessity followed immediately by totally different experiences, analogous to those of jumping up with a yell.
She was in that highly-wrought state when the reasoning powers act with great rapidity: the state a man is in before a battle or a struggle, in danger, and at the decisive moments of life - those moments when a man shows once and for all what he is worth, that his past was not lived in vain but was a preparation for these moments.
It is a world of impulse. It is a world of sincerity. It is a world in which every word spoken speaks just to that moment, every glance given has only one meaning, each touch has no past or no future, each kiss is a kiss of immediacy.