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“Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate diversification, the payment of high and unnecessary fees to managers and advisors, and the use of borrowed money can destroy the decent returns that a life-long owner of equities would otherwise enjoy. Indeed, borrowed money has no place in the investor's tool kit.”

“A considreable portion of my high school trigonometry course was devoted to the solution of oblique triangles... I have still not had an excuse for using my talents for solving oblique triangles. If a professional mathematician never uses these dull techniques in a highly varied career, why must all high school students devote several weeks to the subject?”

“Discoveries are always accidental; and the great use of science is by investigating the nature of the effects produced by any process or contrivance, and of the causes by which they are brought about, to explain the operation and determine the precise value of every new invention. This fixes as it were the latitude and longitude of each discovery, and enables us to place it in that part of the map of human knowledge which it ought to occupy. It likewise enables us to use it in taking bearings and distances, and in shaping our course when we go in search of new discoveries.”