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“I claim that this bookless library is a dream, a hallucination of on-line addicts; network neophytes, and library-automation insiders...Instead, I suspect computers will deviously chew away at libraries from the inside. They'll eat up book budgets and require librarians that are more comfortable with computers than with children and scholars. Libraries will become adept at supplying the public with fast, low-quality information. The result won't be a library without books--it'll be a library without value.”

“There are two kinds of happiness - the temporary pleasure derived primarily from material comfort alone and another more enduring comfort that results from the thorough transformation and development of the mind. We can see in our own lives that the latter form of happiness is superior because when our mental state is calm and happy, we can easily put up with minor pains and physical discomforts. On the other hand, when our mind is restless and upset, the most comfortable physical facilities do not make us happy.”

“We rarely use much debt and, when we do, we attempt to structure it on a long-term fixed rate basis. We will reject interesting opportunities rather than over-leverage our balance sheet. This conservatism has penalized our results but it is the only behavior that leaves us comfortable, considering our fiduciary obligations to policyholders, depositors, lenders and the many equity holders who have committed unusually large portions of their net worth to our care.”