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“We have more than two options. A critique of reason does not have to be a call for the return of superstition and arbitrary power. Our problems do not lie with reason itself but with our obsessive treatment of reason as an absolute value. Certainly it is one of our qualities, but it functions positively only when balanced and limited by the others.”

“Our challenges may be new. The instruments with which we meet them may be new. But those values upon which our success depends -- honesty and hard work, courage and fair play, tolerance and curiosity, loyalty and patriotism -- these things are old. These things are true. They have been the quiet force of progress throughout our history. What is demanded, then, is a return to these truths.”

“An idea is growing in foreign policy circles in Washington ... that there is no turning back. We are stuck in Iraq and Afghanistan for 25 to 40 years, we are embedded in our prideful unilateralism, and nothing can return us to more traditional American values and principles of action. The hubristic creators of this "inevitability" planned it this way. ... Their failures in Iraq have not stopped the fanatic, power-hungry neoconservatives. ... The hard-liners who dominate this administration ... have led us to eternal conflict with Muslims.”

“America can restore its strengths as the world-respected land of opportunity by returning to open-society principles. An open society invests in people and new ideas, rewards talent and hard work, values dialogue and learns from dissent, operates to high standards with transparent information, looks for common ground, sees problems as opportunities for creative change, and encourages those who are fortunate to help others get the same chance, because service is the highest ideal. With such standards in mind, America the Beautiful can return to its admired role as America the Principled.”

“In moments of spiritual crisis we naturally fall back upon what worked for us, or seemed to work, heretofore. Sometimes this shows up through the reassertion of our old values in belligerent, testy ways. Regression of any kind is just such a return to old presumptions, often after they have been shown to be insufficient for the complexity of larger questions. The virtue of the old presumptions is that they once worked, or seemed to work, and therein lies if not certainty, then nostalgia for a previous, presumptive security. In our private lives, we frequently fall back upon our old roles.”

“We really have no choice but to pray and encourage a return to an America steeped in Judeo-Christian values. It is either that or taking our chances in a society with no values at all. For all Americans the former carries certain risks, but the latter spells certain doom. For now, we should not be deflected by theological debate from the life-saving tasks awaiting us. There is work to be done. We must ensure that America will continue to be part of God's plan for the world.”

“If the Russians have gone too far in subjecting the child and his peer group to conformity to a single set of values imposed by the adult society, perhaps we have reached the point of diminishing returns in allowing excessive autonomy and in failing to utilize the constructive potential of the peer group in developing social responsibility and consideration for others.”

“It can be shown that maximum diversification is achieved by holding each stock in proportion to its value to the entire market (italics added)... Hindsight plays tricks on our minds... often distorts the past and encourages us to play hunches and outguess other investors, who in turn are playing the same game. For most of us, trying to beat the market leads to disastrous results... our actions lead to much lower returns than can be achieved by just staying in the market.”

“We're richer, but that wealth doesn't reflect durable, authentic economic value - which is hitting fast diminishing returns. The growth that we're pursuing is neither sustainable - nor is it, in many ways, real growth at all. Boardrooms from finance to autos to energy to pharma to fashion have learned that the hard way.”

“In a very philosophic sense I think doing the work is itself a good thing. But at the end of the day, since we're taking other people's shekels to do it, and their work is being able to make a return out of it, it forces you to consider the fact that you're doing it for other people. The whole construct is built around the assumption that it's going to get shared, and that someone else is going to find value in it - entertainment, catharsis, enlightenment, or whatever.”

“As value investors, our business is to buy bargains that financial market theory says do not exist. We've delivered great returns to our clients for a quarter century-a dollar invested at inception in our largest fund is now worth over 94 dollars, a 20% net compound return. We have achieved this not by incurring high risk as financial theory would suggest, but by deliberately avoiding or hedging the risks that we identified.”

“The big picture is: the main thing you should be concerned about in the future are incremental returns on capital going forward. As it turns out, past history of a good return on capital is a good proxy for this but obviously not foolproof. I think this is an area where thoughtful analysis can add value to any simple ranking/screening strategy such as the magic formula. When doing in depth analysis of companies, I care very much about long term earnings power, not necessarily so much about the volatility of that earnings power but about my certainty of "normal" earnings power over time.”

“I grew up on welfare in the South Bronx; I had a very tough upbringing in that neighborhood. Reading books like The Four Agreements, A Return to Love, and The Power of Now helped me to overcome many internal battles. Had I not worked on myself, put value in myself, I would not have the loving and supportive people that I have right now in my life, including my husband and children”

“It is time to return to those core values, time to get back to basics: to self-discipline and respect for the law, to consideration for others, to accepting responsibility for yourself and your family, and not shuffling it off on other people and the state.”

“I call on the Iranian people: it is not too late to replace the corrupt regime and return to your glorious Persian heritage, a heritage of culture and values and not of bombs and missiles... How can a nation allow a regime to instill fear, take away the people's freedom and shock the young generation that seeks its way out of the dictatorial Iran.”

“I think Barack Obama is a socialist. I think he cares for his country - don't get me wrong about that - but I think he truly misunderstands what this country was based upon, the values that America was based upon, which was free enterprise and having the ability to risk your capital and having a chance to have a return on your investment.”