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Balance Quotes

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Balance Quotes

“When we are young the idea of death or failure is intolerable to us; even the possibility of ridicule we cannot bear. But we have also an unconquerable faith in our own stars, and in the impossibility of anything venturing to go against us. As we grow old we slowly come to believe that everything will turn out badly for us, and that failure is in the nature of things, but then we do not much mind what happens to us one way or the other. In this way a balance is obtained.”

“It is important to remember that value investing is not a perfect science. It is an, with an ongoing need for judgment, refinement, patience, and reflection. It requires endless curiosity, the relentless pursuit of additional information, the raising of questions, and the search for answers. It necessitates dealing with imperfect information - knowing you will never know everything and that that must not prevent you from acting. It requires a precarious balance between conviction, steadfastness in the face of adversity, and doubt - keeping in mind the possibility that you could be wrong.”

“Those people who say that America is finite are some sense right. The environmental movement, for example, has a great wisdom to it: we need to protect, to preserve, to shelter as much as we need to develop. But I think this always has to be juxtaposed against the optimism of old, which is now represented in part by immigrants. I would like to see America achieve a kind of balance between optimism and tragedy, between possibility and skepticism.”

“I don't think the possibility for beauty can be foreclosed, because beauty can take so many forms. There is beauty that arises from the unexpected, when our familiar perspectives are thrown off balance. There is also the beauty that paradoxically comes out of the tragic, that emerges because we are reminded of what is no longer there, that becomes powerful because of what is absent.”

“We should balance the budget. If government programs are important enough, we need to pay for them with taxes or make cuts in lesser programs. We've lost that discipline entirely. It seems prudent to avoid the possibility that the people who own our debt will start to worry the U.S. won't pay. That would raise how much it would cost the U.S. to borrow, which in a national emergency, like a war or pandemic, could be critical.”