I'm proud of having been one of the first to recognize that states and the federal government have a duty to protect our natural resources from the damaging effects of pollution that can accompany industrial development.
Coersion, after all, merely captures man. Freedom captivates him.
This administration is totally colorblind.
The . . . inescapable truth is: government does not have all the answers. In too many instances, government does not solve problems; it subsidizes them.
We can't build a safer world with honorable intentions and good will alone. Achieving the fundamental goals our nation seeks in world affairs - peace, human rights, economics progress national independence and international stability - means supporting our friends and defending our interests.
Trust the people -- that is the crucial lesson of history.
You on the cutting edge of technology have already made yesterday's impossibilities the commonplace realities of today.
A nation's greatness is measured not just by its gross national product or military power, but by the strength of its devotion to the principles and values that bind its people and define their character.
In closing, let me thank you, the American people, for giving me the great honor of allowing me to serve as your president. When the Lord calls me home, whenever that day may be, I will leave with the greatest love for this country of ours and eternal optimism for its future. I now begin the journey
There are simple answers to the nation's problems, but not easy ones.
Ignore the stock market, ignore the economy, and buy a business you understand.
Iâ€™ve never believed in risking what my family and friends have and need in order to pursue what they donâ€™t have and donâ€™t need.
The ability to say no is a tremendous advantage for an investor.
In the business world, the rearview mirror is always clearer than the windshield.
The much-maligned idle rich have received a bad rap: They have maintained their wealth while many There is scarcely an instance of a man who has made a fortune by speculation and kept it. Andrew Carnegie of the energetic rich, aggressive real estate operators, corporate acquirers, oil drillers, etc.
One of the ironies of the stock market is the emphasis on activity. Brokers, using terms such as 'marketability' and 'liquidity,' sing the praises of companies with high share turnover... but investors should understand that what is good for the croupier is not good for the customer. A hyperactive s
Take the probability of loss times the amount of possible loss from the probability of gain times the amount of possible gain. That is what we're trying to do. It's imperfect, but that's what it's all about.
We like to buy businesses, but we don't like to sell them.
A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth.
I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).
What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow the herd.
I am not in the business of predicting general stock market of business fluctuations. If you think I can do this, or think it is essential to an investment program, you should not be in the partnership.
First come the innovators, then come the imitators, then come the idiots.
Having first rate people on the team is more important than designing hierarchies and clarifying who reports to whom.
Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.
Buy into a company because you want to own it, not because you want the stock to go up.
We have embraced the 21st century by entering such cutting-edge industries as brick, carpet, insulation and paint. Try to control your excitement.
It's never paid to bet against America.
None of this means, however, that a business or stock is an intelligent purchase simply because it is unpopular; a contrarian approach is just as foolish as a follow-the-crowd strategy. What's required is thinking rather than polling. Unfortunately, Bertrand Russell's observation about life in gener
The (stock) market is there only as a reference point to see if anybody is offering to do anything foolish. When we invest in stocks, we invest in businesses.