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“Americans, more than most people, believe that history is the result of individual decisions to implement conscious intentions. For Americans, more than most people, history has been that.... This sense of openness, of possibility and autonomy, has been a national asset as precious as the topsoil of the Middle West. But like topsoil, it is subject to erosion; it requires tending. And it is not bad for Americans to come to terms with the fact that for them too, history is a story of inertia and the unforeseen.”

“Multiculturalism is a campaign to lower America's moral status by defining the American experience is terms of myriad repressionsand their victims. By rewriting history, and by using name calling ("Racist! Sexist! Homophobe!") to inhibit debate, multiculturalists cultivate grievances, self pity and claims to entitlements arising from victimization.”

“The pejorative term "political correctness" was adapted to express disapproval of the enlargement of etiquette to cover all people, in spite of this being a principle to which all Americans claim to subscribe.”

“The American economy is going to do fine. But it won't do fine every year and every week and every month. I mean, if you don't believe that, forget about buying stocks anyway... It's a positive-sum game, long term. And the only way an investor can get killed is by high fees or by trying to outsmart the market.”

“Nothing highlights better the continuing gap between rhetoric and substance in British financial services than the failure of providers here to emulate Jack Bogle's index fund success in the United States. Every professional in the City knows that index funds should be core building blocks in any long-term investor's portfolio. Since 1976, the Vanguard index funds has produced a compound annual return of 12 percent, better than three-quarters of its peer group.”

“There's nothing "wrong" with anything. "Wrong" is a relative term, indicating the opposite of that which you call "right." Yet, what is "right"? Can you be truly objective in these matters? Or are "right" and "wrong" simply descriptions overlaid on events and circumstances by you, out of your decision about them?”

“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.”

“It is the long term investor who will in practice come in for the most criticism. For it is the essence of his behaviour that he should be eccentric, unconventional and rash in the eyes of the average opinion. If he is successful, that will only confirm the general belief in his rashness; and if in the short run he is unsuccessful, which is very likely, he will not receive much mercy. Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.”

“One of the ironies of the stock market is the emphasis on activity. Brokers, using terms such as 'marketability' and 'liquidity,' sing the praises of companies with high share turnover... but investors should understand that what is good for the croupier is not good for the customer. A hyperactive stock market is the pick pocket of enterprise.”

“Talleyrand said that two things are essential in life: to give good dinners and to keep on fair terms with women. As the years pass and fires cool, it can become unimportant to stay always on fair terms either with women or one's fellows, but a wide and sensitive appreciation of fine flavours can still abide with us, to warm our hearts.”

“Like twentieth-century Iran, the remnant of the Persian Empire, Ethiopia under Haile Selassie attempted to preserve the absolutist state throught an accommodation with modernizing forces in his own terms without completely subduing traditionalists. This was not a strategy of Haile Selassie's own choosing. Instead, he was overtaken by events and forced to deal with contradictions that were from the very beginning too formidable to be managed in the long term.”

“Just do your best to keep yourself in balance. One of the first things that causes Energy misalignment, is asking or demanding too much of yourself in terms of time and effort. In other words, you just cannot burn the candle at both ends, so that you are physically tired, and then expect yourself to have a cheerful attitude. So, the rule of thumb has to be: "I'm going to be very, very, very happy, and then do everything I have time to do after that.”

“The DEFENSE of anything is UNTENABLE. The only way to defend anything is to ATTACK, and if you ever forget that, then you will lose every battle you are ever engaged in, whether it is in terms of personal conversation, public debate, or a court of law. NEVER BE INTERESTED IN CHARGES. DO, yourself, much MORE CHARGING, and you will WIN.”

“We found out that the young people who had a substantial number of lessons in the Resolving Conflict Creatively Curriculum ... not only did better in terms of people skills, that they managed their emotions, they were less violent and more caring, but they actually did better on their academic achievement tests.”

“To be sure, changes in American family structure have been fairly continuous since the first European settlements, but today thesechanges seem to be occurring so rapidly that the shift is no longer a simple extension of long-term trends. We have passed a genuine watershed: this is the first time in our history that the typical school-age child has a mother who works outside the home.”

“Despite the long-term reduction in familial roles and functions, we believe that parents are still the world's greatest experts about the needs of their own children. Virtually any private or public program that supports parents, effectively supports children. This principle of supporting family vitality seems to us preferable to any policy that would have the state provide children directly with what it thinks they need.”