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“The investor is neither smart not richer when he buys in an advancing market and the market continues to rise. That is true even when he cashes in a goodly profit, unless either (a) he is definitely through with buying stocks an unlikely story or (b) he is determined to reinvest only at considerably lower levels. In a continuous program no market profit is fully realized until the later reinvestment has actually taken place, and the true measure of the trading profit is the difference between the previous selling level and the new buying level.”

“The Consequentialist trinity is typically regarded in this way: Bentham is crude, Mill's writings are full of howlers and inconsistencies, and Sidgwick was too smart to fully embrace Consequentialism. All of these great traditions in moral philosophy express strands of our moral consciousness and they should all be treated as research programs rather than as fully determinate views that can be leveled by a counterexample or by a clever argument.”

“I was reading through all these NSA programs that Snowden has revealed, and one of the ones that fascinated me was that smart TVs can be used to look at you in your room. That is totally like the telescreen from 1984. It's not sort of like it, it's not a lot like it, it is it. And the ability of the NSA to turn on your cell phone, even if it's powered down, and listen to you in your home - that's insane to me. People had been warning that 1984 was just around the corner. Well, it has arrived, and Snowden has proven that.”