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One Thing Quotes

“In the modern Christian attempt to take a stand as Christ did, and maybe for others, win the approval of the world, the Christian will often think that it consists of targeting and demoralizing fellow Christians and only fellow Christians. It is one thing to stand against religious hypocrisy when one sees it, but it is another to go on snorting at anything or anyone who might seem 'too Christian' to us. The irony is that by doing this we are further advocating hypocrisy and 'half-hearted Christians'.”

“And yet there are many times when it does not make any difference what pattern one uses. One thing is certain. The more bedraggled the fly gets the better the trout like it. I think there is a reason for this. I think the bedraggled half worn out wet fly more closely imitates a nymph than a new one does. Most commercial flies are tied too bushy and full. A little trimming of wings and thinning out of hackles will often work wonders.”

“The Chinese are quite entrepreneurial. Remember when Lenovo bought IBM's PC division. It was said that China didn't need a brand name, China didn't need to buy Lenovo to get into the PC business, I remember reading a one-liner somewhere which struck me as quite possibly true, it said the one thing that the Chinese had not been able to copy or figure out was the way, in terms of systems, that Americans - it probably would be true for Europeans as well - that Americans install and live by their management systems, while China is still quite half-assed. Perhaps that is a true statement.”

“There's only one thing different about Barack Obama when it comes to being a Democratic presidential candidate. He's half African-American. Whether that will make any difference, I don't know. I haven't heard him have a strong crackdown on economic exploitation in the ghettos. Payday loans, predatory lending, asbestos, lead. What's keeping him from doing that? Is it because he wants to talk white? He doesn't want to appear like Jesse Jackson? We'll see all that play out in the next few months and if he gets elected afterwards.”

“One thing I want to emphasize is that, like any human being, we can discuss our view of the economy and the market. Fortunately for our clients, we don't tend to operate based on the view. Our investment strategy is to invest bottom up, one stock at a time, based on price compared to value. And while we may have a macro view that things aren't very good right now - which in fact we feel very strongly we will put money to work regardless of that macro view if we find bargains. So tomorrow, if we found half a dozen bargains, we would invest all our cash.”