“The government - the ultimate short-term-oriented player - cannot withstand much pain in the economy or the financial markets. Bailouts and rescues are likely to occur, though not with sufficient predictability for investors to comfortably take advantage. The government will take enormous risks in such interventions, especially if the expenses can be conveniently deferred to the future. Some of the price-tag is in the form of back- stops and guarantees, whose cost is almost impossible to determine.” IfsGovernmentPainFormTermEconomyPlayerImpossibleRiskCostAdvantageUltimateFinancialDetermineEnormousSufficientGuaranteesExpensesInvestorsRescueInterventionShort TermTagFinancial MarketsPredictabilityPrice TagBailouts Author:Seth Klarman
“The cost in terms of liberties lost and the unnecessary exposure to terrorism are difficult to determine, but in time it will become apparent to all of us that foreign interventionism is of no benefit to American citizens, but is instead a threat to our liberties.” LostDifficultTermLibertyCitizensCostBenefitsThreatDetermineTerrorismUnnecessaryExposureAmerican CitizensInterventionism Book:The Revolution: A Manifesto Source: The Revolution: A Manifesto
“I said earlier [2015] year that I thought we'd get to 10 or 20 bucks [per barrel ] because that's the marginal cost, and when you're in a price war, it's the marginal cost that determines the price.It is a price war because basically the OPEC reason did not cut production in their November 2014 meeting was that they got tired of cutting production and having American frackers and Russians et cetera grab market share.” YearsSaidWarReasonCuttingShareCostTiredMeetingsDetermineProductionsBucksNovemberBarrelsOpec Author:Gary Shilling
“Legislative proposals that would enable an employer to determine whether or not a woman's insurance would cover the cost of birth control strikes women as particularly bizarre. Is the boss going to take care of the children that are conceived accidentally? Stop treating us like children. Women are grown ups.” ChildrenCareBirthCostDetermineTake CareStrikesBossBizarreEmployersProposalBirth Control Author:Madeleine M. Kunin
“But the question to precede all others, which finally determines the course of our lives is What do I really want? Was it to love what God commands, in the words of the collect, and to desire what He promises? Did I want what I wanted, or did I want what He wanted, no matter what it might cost?” WantMatterMightWantedLife IsDesireCoursesOur LivesPromiseCostNo Matter WhatDetermineCommand Book:Passion and Purity: Learning to Bring Your Love Life Under Christ's Control Source: Passion and Purity: Learning to Bring Your Love Life Under Christ's Control