The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities-that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future-will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There's a problem, though: They are dancing in a room in which the clocks have no hands.
Warren BuffettRelated topics
ball behavior blur bright cash clear continuing dancing drift experience giddy hate investment kind large leave likely line market mice midnight minute miss money nothing party people plan problem rationality relative room sensible separating single speculation cinderella clocks hands secondsRelated quotes
The name " Hindustan " must continue to be the appellation of our country. Such other names as India, Hind, etc., being derived from the same original word Sindhu may be used but only to signify the same sense-die land of the Hindus, a country which is the abode of the Hindu Nation. Aryavarta, Bharat-Bhumi and such other names are of course the ancient and the most cherished epithets of our Mother Land and will continue to appeal to the cultured elite. In this insistence that the Mother Land of the Hindus must be called but " Hindustan ", no encroachment or humiliation is implied in connection with any of our non-Hindu countrymen. Our Parsee and Christian countrymen are already too akin to us culturally and are too patriotic and the Anglo-indians too sensible to refuse to fall in line with us Hindus on so legitimate a ground.
Vinayak Damodar Savarkar
Henlein declared that Hitler told him, that he was to carry out an action against the Czceho-Slovak Republic particulary in such way as was originally planned by him. From the German point of view, this time was not convient due to the following reasons: Siegfired line on the French borders will be finished in approximately eight weeks, numerous German army is needed in Austria, whose withdrawal is also expected within the course of eight weeks, and finally Hitler will not allow to dictate himself when to start the action. He would start it only when he is a hunderd percent convicted that it will finish a full success.. Henlein declared further that, according to Hitler Slovakia will be returned to Hungary where Slovaks will obtain autonomy and that part of Czechia inhabitated by Czechs and Moravians will be joined to Germany with and extensive autonomy.
János Esterházy
Globalization creates interlocking fragility, while reducing volatility and giving the appearance of stability. In other words it creates devastating Black Swans. We have never lived before under the threat of a global collapse. Financial Institutions have been merging into a smaller number of very large banks. Almost all banks are interrelated. So the financial ecology is swelling into gigantic, incestuous, bureaucratic banks - when one fails, they all fall. The increased concentration among banks seems to have the effect of making financial crisis less likely, but when they happen they are more global in scale and hit us very hard. We have moved from a diversified ecology of small banks, with varied lending policies, to a more homogeneous framework of firms that all resemble one another. True, we now have fewer failures, but when they occur... I shiver at the thought.
Nassim Nicholas Taleb
A factor that is almost indispensable to this kind of behavior [serial killing] is the mobility of contemporary American life. Living in large centers of population, and living with lots of people, you can get used to dealing with strangers. It's the anonymity factor, and it has a twofold effect. First of all if you're among strangers you're less likely to remember them, or care what they're doing or what they should, or should not, be doing. If they should or shouldn't be there. Secondly, you're conditioned almost not to be afraid of strangers. Mobility is very important here. As we've seen...the individual's [himself in third person] modus operandi was moving large distances in an attempt to camouflage what he was doing. Moving these distances, he was able to take advantage of the anonymity factor.
Ted Bundy
The same definition issue arises with the word "election.” In a free society, the day of the vote is the culmination of a long democratic process that depends on equal access to an unfettered media, fair conditions, debates, etc., none of which have existed in Russia for nearly 20 years. Postulating that Putin would win anyway even if the March 18 election were honest is a meaningless exercise. If he and his policies were truly popular, in the real sense of the word, he wouldn't need to spend so much time and effort dominating the media, eliminating rivals, and rigging elections large and small. Persecuting bloggers and arresting a single protester standing in the town square with an anti-Putin sign does not strike me as the behavior of a ruler who believes in his own popularity.
Garry Kasparov
