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“Setting aside the vast herd which shows no definable character at all, it seems to me that the minority distinguished by what is commonly regarded as an excess of sin is very much more admirable than the minority distinguished by an excess of virtue. My experience of the world has taught me that the average wine-bibbler is a far better fellow than the average prohibitionist, and that the average rogue is better company than the average poor drudge, and that the worst white-slave trader of my acquaintance is a decenter man than the best vice crusader.”

“Though no participator in the joy of more vehement sport, I have a pleasure that I cannot reconcile to my abstract notions of the tenderness due to dumb creatures in the tranquil cruelty of angling. I can only palliate the wanton destructiveness of my amusement by trying to assure myself that my pleasure does not spring from the success of the treachery I practise toward a poor little fish, but rather from that innocent revelry in the luxuriance of summer life which only anglers enjoy to the utmost.”

“A fiction which is designed to inculcate an object wholly alien to the imagination sins against the first law of art; and if a writer of fiction narrow his scope to particulars so positive as polemical controversy in matters ecclesiastical, political or moral, his work may or may not be an able treatise, but it must be a very poor novel.”

“In early youth, if we find it difficult to control our feelings, so we find it difficult to vent them in the presence of others. On the spring side of twenty, if anything affects us, we rush to lock ourselves up in our room, or get away into the street or the fields; in our earlier years we are still the savages of nature, and we do as the poor brutes do. The wounded stag leaves the herd; and if there is anything on a dog's faithful heart, he slinks away into a corner.”

“Society ... is nothing more than the war of a thousand petty opposed interests, an eternal strife of all the vanities, which, turn in turn wounded and humiliated one by the other, intercross, come into collision, and on the morrow expiate the triumph of the eve in the bitterness of defeat. To live alone, to remain unjostled in this miserable struggle, where for a moment one draws the eyes of the spectators, to be crushed a moment later -- this is what is called being a nonentity, having no existence. Poor humanity!”

“My definition of a decent society is one that first of all takes care of its losers, and protects its weak. What I see in my country, progressively over these years, is that the rich have got richer, the poor have got poorer. The rich have become indifferent through a philosophy of greed, and the poorer have become hopeless because they're not properly cared for. That's actually something that is happening in many Western societies. Your own, I am told, is not free from it.”

“The Buddha also counseled the monks and nuns to avoid wasting any precious time by engaging in idle conversation, oversleeping, pursuing fame and recognition, chasing after desires, spending time with people of poor character, and being satisfied with only a shallow understanding of the teaching.”

“A young financial writer once brought ridicule upon himself by stating that a certain company had nothing to commend it except excellent earnings. Well, there are companies whose earnings are excellent but whose stocks I would never recommend. In selecting investments, I attach prime importance to the men behind them. I'd rather buy brains and character than earnings. Earnings can be good one year and poor the next. But if you put your money into securities run by men combining conspicuous brains and unimpeachable character, the likelihood is that the financial results will prove satisfactory.”

“Which class is happiest, the rich, the middle class or the poor? A very successful executive of a large organization touches upon this vital subject in a long letter to all his salesmen. He uses as his text a passage from Robinson Crusoe which included this: ""My Father bid me observe it, and I should always find that the calamities of life were shared among the upper and lower part of mankind; but that the middle station had the fewest disasters, and were not exposed to so many vicissitudes as the higher or lower part of mankind.”

“While it is probably a poor idea to own actively managed funds in general, it is truly a terrible idea to own them in taxable accounts... taxes are a drag on performance of up to 4 percentage points each year... many index funds allow your capital gains to grow largely undisturbed until you sell... For the taxable investor, indexing means never having to say you're sorry.”

“The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a funny business because on a net basis, the whole investment management business together gives no value added to all buyers combined. That's the way it has to work. Mutual funds charge two percent per year and then brokers switch people between funds, costing another three to four percentage points. The poor guy in the general public is getting a terrible product from the professionals.”

“To us, from the beginning, Nature has been but a poor plastic thing, to be toyed with this way or that, as man happens to please his deity or not; to go to church or not; to say his prayers right or not; to travel on a Sunday or not.Was it possible for us in an instant to see Nature as she is-the flowing vestment of an unchanging reality?”

“Though it is folly to suppose that happiness is a matter of volition, and that we can make ourselves content and cheerful whenever we choose - a theory that many poor hypochondriacs are taunted with till they are nigh driven mad - yet, on the other hand, no sane mind is ever left without the power of self-discipline and self-control in a measure, which measure increases in proportion as it is exercised.”