Management of an industrial company must be giving targets to the engineers constantly; that may be the most important job management has in dealing with its engineers.
If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor.
That's the true genius of America: that America can change. Our union can be perfected. What we've already achieved gives us hope for what we can and must achieve tomorrow.
The element of the unexpected and the unforeseeable is what gives some of its relish to life and saves us from falling into the mechanical thralldom of the logicians.
Tobacco and opium have broad backs, and will cheerfully carry the load of armies, if you choose to make them pay high for such joy as they give and such harm as they do.
The feeling for what ought and ought not to be grows and dies like a tree, and no fertilizer of any kind will do much good. What the individual can do is give a fine example, and have the courage to firmly uphold ethical convictions in a society of cynics. I have for a long time tried to conduct myself this way, with varying success.