But as the work proceeded I was continually reminded of the fable about the elephant and the tortoise. Having constructed an elephant upon which the mathematical world could rest, I found the elephant tottering, and proceeded to construct a tortoise to keep the elephant from falling. But the tortois
I cannot escape from the conclusion that the great ages of progress have depended upon a small number of individuals of transcendent ability.
What makes a free thinker is not his beliefs, but the way in which he holds them. If he holds them because his elders told him they were true when he was young, or if he holds them because if he did not he would be unhappy, his thought is not free; but if he holds them because, after careful thought
The finding of arguments for a conclusion given in advance is not philosophy, but special pleading
Inferences of Science and Common Sense differ from those of deductive logic and mathematics in a very important respect, namely, when the premises are true and the reasoning correct, the conclusion is only probable.
Dr. Arnold . . . the admired reformer of public schools, came across some cranks who thought it a mistake to flog boys. Anyone reading his outburst of furious indignation against this opinion will be forced to the conclusion that he enjoyed inflicting floggings.
Animal rights, taken to their logical conclusion, mean votes for oysters.
The newspapers at one time said that I was dead but after carefully examining the evidence I came to the conclusion that this statement was false.
The chicken noticed that the farmer came every day to feed it. It predicted that the farmer would continue to bring food every day. Inductivists think that the chicken had "extrapolated" its observations into a theory, and that each feeding time added justification to that theory. Then one day the f
My conclusion is that there is no reason to believe any of the dogmas of traditional theology and, further, that there is no reason to wish that they were true. Man, in so far as he is not subject to natural forces, is free to work out his own destiny. The responsibility is his, and so is the opport
Never risk what you have and need for what we don't have and don't need.
You could be somewhere where the mail was delayed three weeks and do just fine investing.
Benign neglect, bordering on sloth, remains the hallmark of our investment process.
The wise man once said invest young
People who watch their weight, golf scores, and fuel bills seem to shun quantitative evaluation of their investment management skills although it involves the most important client in the world-themselves.
The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.
We will prosper or suffer in controlled investments in relation to the operating performances of our businesses - we will not attempt to profit by playing various games in the securities markets.
What we really want to do is buy businesses that we would be happy to own forever.
Good big decisions do not take time at all, if they do you are in trouble.
In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.
We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as "focused" investing.
The only way to get love is to be lovable. It's very irritating if you have a lot of money. You'd like to think you could write a check: "I'll buy a million dollars' worth of love." But it doesn't work that way. The more you give love away, the more you get.
Buy a business, don't rent stocks.
Failure comes from ego, greed, envy, fear, imitation. I have success not because I am smart, but because I am rational.
Nothing sedates rationality like large doses of effortless money.
In investing, just as in baseball, to put runs on the scoreboard, one must watch the playing field, not the scoreboard.
Our leaders have asked for 'shared sacrifice.' But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.
I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that ...I'm paying $32 billion today for the Coca Cola Company because... If you can't answer that question, you shouldn't buy it. If you can answer that question, and you do it
Confidence is key. You're not going to put your money - you're not going to leave your money with me unless you're confident I'm going to give it back to you.
Businesses always have opportunities to improve service, product lines, manufacturing techniques, and the like, and obviously these opportunities should be seized. But a business that constantly encounters major change also encounters many chances for major error