What I know for sure is that pleasure is energy reciprocated. What you put out comes back. Your base level of pleasure is determined by how you view your whole life.
[W]e think the very term 'value investing' is redundant. What is 'investing' if it is not the act of seeking value at least sufficient to justify the amount paid? Consciously paying more for a stock than its calculated value -- in the hope that it can soon be sold for a still-higher price -- should be labeled speculation (which is neither illegal, immoral nor -- in our view -- financially fattening).
Human society is made up of partialities. Each citizen has an interest and a view of his own, which, if followed out to the extreme, would leave no room for any other citizen.
In some cases, lack of full knowledge or holistic view, that is also part of the problem. But mainly lack of moral principle. So long you have this genuine sort of concern, well being of other. That's the foundation of moral principle.
From a purely external point of view there is no will; and to find will in any phenomenon requires a certain empathy; we observe aman's actions and place ourselves partly but not wholly in his position; or we act, and place ourselves partly in the position of an outsider.
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.
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.
PERFECTION, n. An imaginary state of quality distinguished from the actual by an element known as excellence; an attribute of the critic. The editor of an English magazine having received a letter pointing out the erroneous nature of his views and style, and signed "Perfection," promptly wrote at the foot of the letter: "I don't agree with you," and mailed it to Matthew Arnold.
I've sought a constructive relationship with Russia, but what I have also been is realistic in recognizing that there is some significant differences in how Russia views the world and how we view the world.
We ought to be cautious in taking even the best ascertained opinions and practices of the primitive Church for our own. If it could be satisfactorily shown that they esteemed it authorized and transmitted forever, that does not settle the question for us. We know how inveterately they were attached to their Jewish prejudices, and how often even the influence of Christ failed to enlarge their views. On every other subject succeeding times have learned to form a judgement more in accordance with the spirit of Christianity than was the practice of the early ages.
Every essay - the subject matter of every essay - is ultimately about the essayist; him or herself. That ultimately, every essayist is writing about his or her view of the world.
We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark's worth of work done or goods produced ... we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank.
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.
There are three important principles to Graham's approach. [The first is to look at stocks as fractional shares of a business, which] gives you an entirely different view than most people who are in the market. [The second principle is the margin-of-safety concept, which] gives you the competitive advantage. [The third is having a true investor's attitude toward the stock market, which] if you have that attitude, you start out ahead of 99 percent of all the people who are operating in the stock market - it's an enormous advantage.