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“While no one wishes to incur losses, you couldn't prove it from an examination of the behavior of most investors and speculators. The speculative urge that lies within most of us is strong; the prospect of a free lunch can be compelling, especially when others have already seemingly partaken. It can be hard to concentrate on potential losses while others are greedily reaching for gains and your broker is on the phone offering shares in the latest "hot" initial public offering. Yet the avoidance of loss is the surest way to ensure a profitable outcome.”

WayHardLyingStrongWishLossShareProveBehaviorGainsHotPhonesOutcomesReachingUrgesLunchInvestorsOfferingCompellingInitialsProfitableExaminationAvoidanceProve ItBrokersSpeculatorsFree Lunch
Author:Seth Klarman
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“And maybe the cereal makers by and large have learned to be less crazy about fighting for market share-because if you get even one person who's hell-bent on gaining market share.... For example, if I were Kellogg and I decided that I had to have 60% of the market, I think I could take most of the profit out of cereals. I'd ruin Kellogg in the process. But I think I could do it.”

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Author:Charlie Munger
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“Citizens as conceived by governments are persons who admire the status quo and are prepared to exert themselves for its preservation. Oddly enough, while all governments aim at producing men of this type to the exclusion of all other types, their heroes in the past are of exactly the sort that they aim at preventing in the present. Americans admire George Washington and Jefferson, but imprison those who share their political opinions.”

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Book:Education and the Social Order
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“Highly graduate taxation realizes most completely the supreme danger of democracy, creating a state of things in which one class imposes on another burdens which it is not asked to share, and impels the State into vast schemes of extravagance, under the belief that the whole costs will be thrown upon others.”

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Author:William Edward Hartpole Lecky
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“This is something the Democrats have talked about, and a goal we share, getting everyone insured, and solving the issue in a Republican way, which is applying a personal responsibility principle (individual mandate), reforming the market (more strictly regulating the insurance companies), and allowing people to buy private health care insurance that they can take with them from job to job that's entirely affordable. So it's a Republican way of solving a problem that we face as a nation.”

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Author:Mitt Romney
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“If General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won't go overnight, but its demise will be virtually guaranteed. Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course - the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses. Detroit needs a turnaround, not a check.”

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Author:Mitt Romney
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“The growing inequality of wealth and income distribution is both a moral and economic problem. If the wealthy are unwilling to pay more taxes, then this is going to lead to spending cuts. And if you put off the table things like national defense, then you're going to end up cutting more and more out of programs that aid the poor. So, I think there are consequences to this idea that tolerance for inequality requires us to - to just do nothing to make the wealthy contribute a higher share of resources to fund the government.”

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Author:Bruce Bartlett
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“There are exceptional loyalties and there are old fashion ideas about how you get loyalties, and after all the auditorium is full of people who have co-owned shares with the managers for many decades, and in many cases they co-invested when everyone was young and obscure. Also when you come back to a place like that you are celebrating old loyalties, and of course the basic idea behind so much of Berkshire is the old fashioned idea that the best way to get loyalty is to deserve loyalty.”

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Author:Charlie Munger
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“I don't have too much interest in teaching other people how to get rich. And that isn't because I fear the competition or anything like that - Warrenhas always been very open about what he's learned, and I share that ethos. My personal behavior model is Lord Keynes: I wanted to get rich so I could be independent, and so I could do other things like give talks on the intersection of psychology and economics. I didn't want to turn it into a total obsession.”

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Author:Charlie Munger
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“Loneliness has little to do with what we do or where we do it, whether we're married or unmarried, optimists or pessimists, heterosexual or homosexual. Loneliness has to do with the sudden clefts we experience in every human relation, the gaps that open up with such stomach-turning unexpectedness. In a brief moment, I and my brother or sister have moved away into different worlds, and there is no language we can share.... It is in the middle of intimacy that the reality of loneliness most dramatically appears.”

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Book:A Ray of Darkness
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“I hope that when girls see my clothes, my shoes, or my outrageous jewelry collection, they feel the thrill of wanting more for themselves too. I love what my friend Andre Leon Talley said: "If you are successful, people want to see it. They want to share in your dream".”

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Book:Fabulosity: What It Is & How to Get It
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“It is the lot of man to share in the deeper aspirations of the universe around him and to share his own destiny as well as that of the universe, now by adjusting himself to its forces, now by putting the whole of his energy to his own ends and purposes.”

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Book:The pilgrimage of eternity: being an English translation of Muhammad Iqbal's Javid nama by Shaikh Mahmud Ahmad. With a foreword by S. A. Rahman
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“It's such an honor. I still get, I guess, starstruck, at the Opry. Because there's so much history here and there are so many legends that are still walking around backstage, so it's really an incredible, incredible experience for somebody like me that grew up listening to all of them. And to be able to share the stage with them is something that I treasure.”

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Author:Kellie Pickler
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“No man should be viewed as having more to offer the world than another. We are all equals and every human being has something of value in their composition which makes them unique, just as every country has their own unique resources to share with the world. Never discount somebody based on material wealth, for true wealth is what cannot be seen. Never discount a country by what they can't provide your country, while their resources may benefit other lands in need.”

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Author:Suzy Kassem
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