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“Finding a single investment that will return 20% per year for 40 years tends to happen only in dreamland. In the real world, you uncover an opportunity, and then you compare other opportunities with that. And you only invest in the most attractive opportunities. That's your opportunity cost. That's what you learn in freshman economics. The game hasn't changed at all. That's why Modern Portfolio Theory is so asinine.”

“We regard using [a stock's] volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent loss of capital, or 2) the risk of inadequate return. Some great businesses have very volatile returns - for example, See's [a candy company owned by Berkshire] usually loses money in two quarters of each year - and some terrible businesses can have steady results.”

“If you're going to buy something which compounds for 30 years at 15% per annum and you pay one 35% tax at the very end, the way that works out is that after taxes, you keep 13.3% per annum. In contrast, if you bought the same investment, but had to pay taxes every year of 35% out of the 15% that you earned, then your return would be 15% minus 35% of 15%-or only 9.75% per year compounded. So the difference there is over 3.5%. And what 3.5% does to the numbers over long holding periods like 30 years is truly eye-opening.”

“But it's also the beginning of another level of liberation for her]Eleanor Roosevelt], because when she returns to New York, she gets very involved in a new level of politics. She meets Esther Lape and Elizabeth Read, and becomes very involved in the women's movement, and then in the peace movement. And ironically, the years of her greatest despair become also the years of her great liberation.”

“In order for the second scenario to win, the world would have to return where the struggle for independence and against Western colonialism and imperialism was lost or abandoned more than 50 years ago. Let's face it: the world was never really completely de-colonized. It would be total hypocrisy to claim otherwise.”

“I think we've got to look at corporate law. Back in the day when I studied it, there were different constituencies that were to be served, and I think there was a real wrong turn about 20 to 25 years ago when the theory began to be promoted that your highest duty - in fact, some would argue, your only duty - is to maximize shareholder return. I just don't buy it. And it wasn't the original underpinnings of the legal theory of corporate law.”

“Poland does not want to remain a net recipient of EU subsidies forever. On the contrary: we want the right to develop in a fair market, and by this right, we want to one day catch up with Germany in terms of welfare and economic power. This will not take 100 years! And then many Poles who emigrated will be able to return home.”

“Every presidential candidate for decades has released his tax returns, and I've released 33 years of my tax returns. The American people deserve to know about our taxes. And so Donald Trump is standing in the way of precedent that goes back on both sides of aisle Democrats and Republicans, and he clearly has something that he doesn't want us to see.”

“If agricultural land be left uncultivated, in a few years the jungle returns, and signs are not lacking that a similar danger is always lying in wait for the fields of thought, which, by the labour of three hundred years, have been cleared and brought into cultivation by men of science. The destruction of a very small percentage of the population would suffice to annihilate scientific knowledge, and lead us back to almost universal belief in magic, witchcraft and astrology.”

“We're at a historical juncture: A growing number of people are declaring what has been achieved over the past decades in Europe to be wrong. They want to return to the nation-state. Sometimes there is even a blood and soil rhetoric that for me is starkly reminiscent of the interwar years of the past century, whose demons we are still all too familiar with.”

“At the moment about 350,000 students return to China from abroad each year - 350,000 young and educated people. I know about them because they know me and often ask me in the street if they can take a selfie with me. These folks are creative and ironic, and the government can ultimately not control what is going on in their heads.”

“There's a Russia angle to all this, because remember, we don't have Donald Trump's tax returns. He did a very - relative summary, 104 page campaign financial disclosure. One year of tax returns, reportedly - we've seen the pictures, 12,000 pages. And tax returns are replete with his foreign interests, including, perhaps, his Russian interests. That may be the reason he doesn't want to turn over his taxes.”

“What happened was I was invited to meet Tom [Hardy] to discuss a project that he had in his mind about an adventurer who returns to England from Africa with secrets and with a history, and the original idea was set some 80 years later than it is now. But in the conversation I really took to the idea and I'd wanted for a while to set something in 1830 and 1840 in London, so it struck a chord.”

“How do we solve the problem by allowing a number of refugees to return to Israel, allowing a number of refugees to return to the Palestinian state, and allowing a number of refugees to settle, with general compensation, where they want to settle? It is not an abstract problem. It involves four million human beings, and more than fifty years of various sorts of misery. But it is not an insolvable problem. It involves some good will, and a readiness to give up historic myths on both sides.”

“For many years, questions about the meaning of life were dismissed as senseless. We were told that life, not being a word or sentence or anything language-like, can't intelligibly be said to have meaning. An encouraging development in the last couple of decades is a return by philosophers to addressing - as nearly all people do at some time or another - the question of life's meaning.”

“Germany has become the economic heart of Europe because our leaders are weak. But Germany should never forget that France is Europe's political heart. What is happening here today foreshadows what will happen in the rest of Europe in the coming years: the great return of the nation-state, which they wanted to obliterate.”

“We are all forever a work in progress. I mean, that is the truth. You are forever in your whole life a work in progress, and forever there is a 12-year-old that's driving in to work with you every day. And you are still on the school playground and you are still whatever it is in college or you are still wondering why someone didn't return your call or ask you out.”

“...so now, Mrs. Ramsay thought, she could return to that dream land, that unreal but fascinating place, the Manning's drawing-room at Marlow twenty years ago; where one moved about without haste or anxiety, for there was no future to worry about. She knew what had happened to them, what to her. It was like reading a good book again, for she knew the end of that story, since it had happened twenty years ago, and life, which shot down even from this dining-room table in cascades, heaven knows where, was sealed up there, and lay, like a lake, placidly between its banks.”

“It is said that what is called "the spirit of an age" is something to which one cannot return. That this spirit gradually dissipates is due to the world's coming to an end. For this reason, although one would like to change today's world back to the spirit of one hundred years or more ago, it cannot be done. Thus it is important to make the best out of every generation.”

“These short stories are vast structures existing mostly in the subconscious of our cultural history. They will live with the reader long after the words have been translated into ideas and dreams. That's because a good short story crosses the borders of our nations and our prejudices and our beliefs. A good short story asks a question that can't be answered in simple terms. And even if we come up with some understanding, years later, while glancing out of a window, the story still has the potential to return, to alter right there in our mind and change everything.”