It is unquestionably true that the investment companies have their money more conventionally invested than we do. To many people conventionality is indistinguishable from conservatism. In my view, this represents erroneous thinking. Neither a conventional nor an unconventional approach, per se, is conservative.
A beetle may or may not be inferior to a man - the matter awaits demonstration; but if he were inferior by ten thousand fathoms, the fact remains that there is probably a beetle view of things of which a man is entirely ignorant. If he wishes to conceive that point of view, he will scarcely reach it by persistently revelling in the fact that he is not a beetle.
The Gulf States are extraordinarily suspicious of Iran for good reason. They view Iran as meddling in their affairs. They have seen Iran level asymmetric attacks against their facilities or their interests.
Truth is not over there, wherever over there is. Truth is neither housed in religious rituals nor secret doctrines, nor in a guru's touch or beatific smile, nor in exotic locations or ancient temples. Truth is quite literally the only thing that does exist. It is not hidden but in plain view, not lacking but abundantly present.
We do not know whether it is good to live or to die. Therefore, we should not take delight in living, nor should we tremble at the thought of death. We should be equiminded towards death. This is the ideal. It may be long before we reach it, and only a few of us can attain it. Even then, we must keep it constantly in view, and the more difficult it seems of attainment, the greater should be the effort we put forth.
There are dangers in consensus: it could be an attempt to satisfy people holding no particular views about anything. ... No great party can survive except on the basis of firm beliefs about what it wants to do.
In a controversy the instant we feel anger we have already ceased striving for the truth, and have begun striving for ourselves. This is a helpful pointer for our everyday presence-practice. Can you catch yourself angrily defending your point of view or attacking the other person's? There's the ego.
It is our custom to say that someone is 'lucky' or 'unlucky' if they meet with fortunate or unfortunate circumstances, respectively. It is, however, too simplistic to think in terms of random 'luck.' Even from a scientific point of view, this is not a sufficient explanation.
My car's my best friend. My office. My home. My location. I have a very intimate sense when I am in a car with someone next to me. We're in the most comfortable seats because we're not facing each other, but sitting side by side. We don't look at each other, but instead do so only when we want to. We're allowed to look around without appearing rude. We have a big screen in front of us and side views. Silence doesn't seem heavy or difficult. Nobody serves anybody. And many other aspects. One most important thing is that it transports us from one place to another.
Witness this new-made world, another Heav'n
From Heaven Gate not farr, founded in view
On the clear Hyaline, the Glassie Sea;
Of amplitude almost immense, with Starr's
Numerous, and every Starr perhaps a world
Of destined habitation.
I hold the view that death is rather like changing one's clothes when they are torn and old. It is not an end in itself. Yet death is unpredictable-you do not know when and howT it will take place.
My belief in free competitive economic enterprise does not rest solely or even mainly on arguments of economic efficiency, though, heaven knows, these are cogent enough. It rests essentially on the view that the free market is the only safe way of ensuring that productive effort is directed towards supplying what individuals actually want, and in a way which secures the dignity and independence of the worker.
To hold the same views at forty as we held at twenty is to have been stupefied for a score of years, and take rank, not as a prophet, but as an unteachable brat, well birched and none the wiser. It is as if a ship captain should sail to India from the Port of London; and having brought a chart of the Thames on deck at his first setting out, should obstinately use no other for the whole voyage.
My rather puritanical view is that any investment manager, whether operating as broker, investment counselor of a trust department, investment company, etc., should be willing to state unequivocally what he is going to attempt to accomplish and how he proposes to measure the extent to which he gets the job done.