Through want of enterprise and faith men are where they are, buying and selling and spending their lives like servants.
Henry David ThoreauRead
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Through want of enterprise and faith men are where they are, buying and selling and spending their lives like servants.
Forget not, never forget that you have promised me to use this silver to become an honest man.... Jean Valjean, my brother: you belong no longer to evil, but to good. It is your soul that I am buying for you. I withdraw it from dark thoughts and from the spirit of perdition, and I give it to God!
Money cannot buy peace of mind. It cannot heal ruptured relationships, or build meaning into a life that has none.
You're buying years of work, toil in the sun; you're buying a sorrow that can't talk.
There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves.
Needless to say, the business of living interferes with the solitude so needed for any work of the imagination. Here's what Virginia Woolf said in her diary about the sticky issue: "I've shirked two parties, and another Frenchman, and buying a hat, and tea with Hilda Trevelyan, for I really can't combine all this with keeping all my imaginary people going.
When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.
I wish we didn't live in a world where buying and selling things seems to have become almost more important than either producing or using them.
It embarrasses me to think of all those years I was buying silk suits and alligator shoes that were hurting my feet; cars that I just parked, and the dust would just build up on them.
The average man doesn't wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn't even wish to have to think.
If people keep buying poorly designed products, manufacturers and designers will think they are doing the right thing and continue as usual.
There's a certain sense of ownership that the fans have over you....The thing is, it's all good. You just have to get used to it. If somebody comes up to you while you're eating dinner or something, it's kind of like, 'Well, I asked for it.' It's much better than the alternative-nobody caring and nobody buying your music. The point is to try to just realize that these people are really excited, and that's a good thing. You want them to be that way.
If you are predisposed to be patient, disciplined and psychologically appreciate the idea of buying bargains, then you're likely to be good at it. If you have a need for action, if you want to be involved in the new and exciting technological breakthroughs of our time, that's great, but you're not a value investor, and you shouldn't be one.
To understand KKR, I always like to say, don't congratulate us when we buy a company. Any fool can buy a company. Congratulate us when we sell it and when we've done something with it and created real value.
Buy less. Choose well. Make it last. Quality, not quantity. Everybody's buying far too many clothes.
My idea of rich is that you can buy every book you ever want without looking at the price and you're never around assholes. That's the two things to really fight for in life.
When Berkshire buys common stock, we approach the transaction as if we were buying into a private business.
…. Query: How contrive not to waste one's time? Answer: By being fully aware of it all the while. Ways in which this can be done: By spending one's days on an uneasy chair in a dentist's waiting-room; by remaining on one's balcony all of a Sunday afternoon; by listening to lectures in a language on doesn't know; by traveling by the longest and least-convenient train routes, and of course standing all the way; by lining up at the box-office of theaters and then not buying a seat; and so forth.
Instead of buying six things, buy one thing that you really like. Don't keep buying just for the sake of it.
For instance, we're always fighting amongst each other. Who gives us the arms? And then we become indebted to wherever we are buying them from - with what? The very resources we need to keep there.
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.
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