When returns on capital are ordinary, an earn-more-by-putting-up-more record is no great managerial achievement. You can get the same result personally while operating from your rocking chair. Just quadruple the capital you commit to a savings account and you will quadruple your earnings. You would hardly expect hosannas for that particular accomplishment. Yet, retirement announcements regularly sing the praises of CEOs who have, say, quadrupled earnings of their widget company during their reign - with no one examining whether this gain was attributable simply to many years of retained earnings and the workings of compound interest.
Warren BuffettRelated topics
account chair commit company compound examining expect gain great interest quadruple result retirement say sing while yet years workings returnsRelated quotes
French spoliation claims. During the last session of the Congress legislation was introduced looking to the payment of the remaining claims generally referred to as the French spoliation claims. The Congress has provided for the payment of many similar claims. Those that remain unpaid have been long pending. The beneficiaries thereunder have every reason to expect payment. These claims have been examined by the Court of Claims and their validity and amount determined. The United States ought to pay its debts. I recommend action by the Congress which will permit of the payment of these remaining claims.
Calvin Coolidge
Some years ago I found myself in discussion with a friend who entertained the notion that the general tendency of things in this world is towards equilibrium, the result of which would be peace and blessedness to the human race. My notion, was that equilibrium meant... death. No motive power is to be got from heat, save during its fall from a higher to a lower temperature, as no power is to be got from water save during its descent from a higher to a lower level. Thus also life consists, not in equilibrium, but in the passage towards equilibrium. In man it is the leap from the potential through the actual to repose.
John Tyndall
I also know that Christianity has held back any further advances in human consciousness for the past thousand years. And for the past century it's been in direct conflict with its illegitimate offspring, Communism (again with a capital C). Both ask the individual to sacrifice his self-interest to the higher goals of the organization. (Which is okay by me as long as it's voluntary; but as soon as either becomes too big-and takes on that damned capital C-they stop asking for cooperation and start demanding it.)
Any higher states of human enlightenment have been sacrificed between these two monoliths.
David Gerrold
I have presented the periodic table as a kind of travel guide to an imaginary country, of which the elements are the various regions. This kingdom has a geography: the elements lie in particular juxtaposition to one another, and they are used to produce goods, much as a prairie produces wheat and a lake produces fish. It also has a history. Indeed, it has three kinds of history: the elements were discovered much as the lands of the world were discovered; the kingdom was mapped, just as the world was mapped, and the relative positions of the elements came to take on a great significance; and the elements have their own cosmic history, which can be traced back to the stars.
Peter Atkins
Do everything simply and meekly. Do nothing with an ulterior motive. Don't say, I'll do this in order to have that result, but do it naturally, without taking cognizance of it. That is, pray simply and don't think about what God will bestow on your soul. Don't make any calculations. You know, of course, what God bestows when you enter into communion with Him, but it is as if you don't know. Don't discuss the matter even with yourself. So when you repeat the prayer, "Lord Jesus Christ, have mercy on me”, say it simply and ingenuously and think of nothing other than the prayer. These are very delicate matters and the intervention of the grace of God is required.
Porphyrios of Kafsokalyvia
