The man who sets out to carry a cat by its tail learns something that will always be useful and which never will grow dim or doubtful. Mark Twain
Samuel Langhorne Clemens (1835-1910)
Monthly Archives: May 2024
In the United States, a person or institution with almost all wealth …
In the United States, a person or institution with almost all wealth invested, long-term, in just three fine domestic corporations is securely rich. And why should such an owner care if at any time most other investors are faring somewhat better or worse. And particularly so when he rationally believes, like Berkshire, that his long-term results will be superior by reason of his lower costs, required emphasis on long-term effects, and concentration in his most preferred choices. Charlie Munger
Alas, poor world, what treasure hast thou lost! William Shakespeare Venus & Adonis …
Alas, poor world, what treasure hast thou lost!
William Shakespeare
Venus & Adonis on death
Don’t get divorced Charlie. I mean you’re going to lose …
Don’t get divorced Charlie. I mean you’re going to lose half your stuff, half your money and no matter what, your wife is still going to find a way to yell at you. Gary
Gary Unmarried, November 2008
I answered that the die was now cast; I had passed the …
I answered that the die was now cast; I had passed the Rubicon. Swim or sink, live or die, survive or perish with my country was my unalterable determination. John Adams
Mr. Adams, describing a conversation with Jonathan Sewall in 1774; John Adams: Works, vol. iv. p. 8. American diplomat and 2nd President of the United States from 1797-1801 (1735-1826)
What pays under capitalism is satisfying the common man, the customer. The …
What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you. Ludwig von Mises
(1881-1973)
The right of a nation to determine its own form of government …
The right of a nation to determine its own form of government does not include the right to establish a slave society (that is, to legalize the enslavement of some men by others). There is no such thing as ‘the right to enslave.’ A nation can do it, just as a man can become a criminal – but neither can do it by right. Ayn Rand
(1905-1982)
Hard work has a future payoff. Laziness pays off now. Anonymous …
Hard work has a future payoff. Laziness pays off now.
Anonymous
While we ought to glory in the Union and remember that it …
While we ought to glory in the Union and remember that it is the source from which the States derive their chief title to fame, we must also recognize that the national administration is not and cannot be adjusted to the needs of local government. It is too far away to be informed of local needs, too inaccessible to be responsive to local needs. Calvin Coolidge
1926 speech (Barron’s November 23, 1998), 30th President of the United States (1923-1929) 1872-1933.
Students in schools of business in America are taught that there is …
Students in schools of business in America are taught that there is a profession of management; that they are ready to step into top jobs. This is a cruel hoax. Most students have had no experience in production or in sales. To work on the factory floor with pay equal to half what he hoped to get upon receipt of the MBA, just to get experience, is a horrible thought to an MBA, not the American way of life. As a consequence, he struggles on, unaware of his limitations, or unable to face the need to fill the gaps. The result is obvious. W. Edwards Deming