“We need to be much more far thinking in this new 21st century era of - of nation state failures and conflict. It's not just about getting rid of a single dictator. It is about understanding the secondary and third consequences that fall next.” ThinkingNeedsStatesFallNextNationsUnderstandingCenturyConflictConsequenceThirdsErasDictator21st Century Author:Martin O'Malley
“We have a higher percentage of the intelligentsia engaged in buying and selling pieces of paper and promoting trading activity than in any past era. A lot of what I see now reminds me of Sodomand Gomorrah. You get activity feeding on itself, envy and imitation. It has happened in the past that there came bad consequences.” PastPiecesHappenedHigherActivityPaperConsequenceEnvySellingErasEngagedBuyingImitationFeedingTradingPromotingPercentagesBuying And Selling Author:Charlie Munger
“I would rather sustain the penalties resulting from over-conservatism than face the consequences of error, perhaps with permanent capital loss, resulting from the adoption of "New Era" philosophy where trees really do grow to the sky.” PhilosophyFacesGrowsLossTreeSkyConsequenceErrorsErasPermanentAdoptionPenaltiesConservatismNew Era Author:Warren Buffett
“The era of procrastination, of half-measures, of soothing and baffling expedients, of delays is coming to its close. In its place we are entering a period of consequences.” HalfPeriodsConsequenceErasProcrastinationDelayEnteringSoothingStop ProcrastinationAppeasementInconvenient TruthHalf Measures Book:Never Give In!: Winston Churchill's Speeches Source: Never Give In!: Winston Churchill's Speeches