I think that not criticizing my successor is a statement unto itself, in terms of trying to create an environment where people are able to have a meaningful discussion or debate without trash talk.
I think a number of the leaders are, whether you like it or not, in the hip-hop generation. And when they understand enough, they'll do wonders. I count on them.
The near side of a galaxy is tens of thousands of light-years closer to us than the far side; thus we see the front as it was tens of thousands of years before the back. But typical events in galactic dynamics occupy tens of millions of years, so the error in thinking of an image of a galaxy as frozen in one moment of time is small.
What I am against is quotas. I am against hard quotas, quotas they basically delineate based upon whatever. However they delineate, quotas, I think vulcanize society. So I don't know how that fits into what everybody else is saying, their relative positions, but that's my position.
I am just not thinking of India's deliverance. It will come, but will it be worth if England and France fall, or if they come out victorious over Germany ruined and humbled?
The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines. Here a durable competitive advantage has proven elusive ever since the days of the Wright Brothers. Indeed, if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.
You should be unconcerned about short-term price action when you own the securities directly, just as you were unconcerned when you owned them indirectly through BPL. I think about them as businesses, not "stocks", and if the business does all right over the long term, so will the stock.