The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.
An argument is made that there are just too many question marks about the near future; wouldn't it be better to wait until things clear up a bit? You know the prose: "Maintain buying reserves until current uncertainties are resolved," etc. Before reaching for that crutch, face up to two unpleasant facts: The future is never clear and you pay a very high price for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.
I let myself go at the beginning and write with an easy mind, but by the time I get to the middle I begin to grow timid and to fear my story will be too long. . .That is why the beginning of my stories is always very promising and looks as though I were starting on a novel, and the middle is huddled and timid, and the end is...like fireworks.
What a funny watch!’ she remarked. ‘It tells the day of the month, and doesn’t tell what o’clock it is!’ ‘Why should it?’ muttered the Hatter. ‘Does YOUR watch tell you what year it is?’ ‘Of course not,’ Alice replied very readily: ‘but that’s because it stays the same year for such a long time together.’ ‘Which is just the case with MINE,’ said the Hatter.
Some periods of our growth are so confusing that we don't even recognize that growth is happening...Those long periods when something inside ourselves seems to be waiting, holding its breath, unsure about what the next step should be, eventually become the periods we wait for, for it is in those periods that we realize that we are being prepared for the next phase of our life and that, in all probability, a new level of the personality is about to be revealed.
The way of love is as true as the way of knowledge. All paths ultimately lead to the same Truth. But as long as God keeps the feeling of ego in us, it is easier to follow the path of love.
The vixen I met at twilight on Route 5 south of Willoughby: long dead. She was an omen to me, surviving, herding her cubs in the silvery bend of the road in nineteen sixty-five.
We think about the enormous costs of homelessness, or the enormous cost of HIV/AIDS, over the long term, as people visit emergency rooms, etc. The more we are investing in that ounce of prevention the better off we're going to be.