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Periods Quotes

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Periods Quotes

“In many ways, large profits are even more insidious than large losses in terms of emotional destabilization. I think it's important not to be emotionally attached to large profits. I've certainly made some of my worst trades after long periods of winning. When you're on a big winning streak, there's a temptation to think that you're doing something special, which will allow you to continue to propel yourself upward. You start to think that you can afford to make shoddy decisions. You can imagine what happens next. As a general rule, losses make you strong and profits make you weak.”

“The first impression and a natural one is, that the fine arts have risen or declined in proportion as patronage has been given to them or withdrawn, but it will be found that there has often been more money lavished on them in their worst periods than in their best, and that the highest honours have frequently been bestowed on artists whose names are scarcely now known.”

“The early Triassic was a period when the planet was recovering from the worst mass extinction it had ever known - that was the end Permian extinction, where climate change caused in part by mega-volcanic eruptions wiped out ninety-five percent of life on Earth. It took about ten or twenty million years for the planet's ecosystems to stabilize. During that time you saw a lot of weird, out-of-balance ecosystems where, for example, crocodile-like predators ripped the crap out of each other along the coasts.”