“The investor has a right to expect good results to flow from a consistent and courageous application of the principle of buying after the market has declined substantially and selling after it has had a spectacular rise. But he cannot expect to reduce this principle to a simple and foolproof formula, with profits guaranteed and no anxious periods.” SimpleResultsPrinciplesPeriodsFlowProfitSellingBuyingConsistentCourageousFormulasApplicationInvestorsAnxiousSpectacularFoolproof Author:Benjamin Graham
“There are several states that move from Karl Marx-like policies to Adam Smith-like policies and back again in a weekend. So for the states with huge volatility in their income tax policies over time, the differences in growth rates in those periods are really amazingly consistent with tax rates really mattering.” StatesMovingGrowthDifferencesPolicyHugePeriodsTaxesRateIncomeConsistentWeekendAdamIncome TaxBack AgainReally AmazingVolatility Author:Arthur Laffer
“I definitely go through periods where I'm in a particular mood, or there's a consistent imaginative context that I feel I'm in, and I'm drawn to certain things. I can sometimes feel it when I'm moving away from something that I was once interested in - an idea or an exploration of particular relationships. I go, 'Well, I think I've done that and I don't want to do it again.'” ThinkingWantFeelsWellsI CanIdeasSometimesDoneMovingCertainParticularPeriodsMoodConsistentExplorationImaginativeMoving Away Author:Tom Hiddleston