February 16, 2010
– Comments (39)
What is your quote of the day? Share with us the quote that you believe best fits your mood or something that makes you think or laugh. All contributions are welcome.
I'll set a good example by going first.
No one would choose a friendless existence on condition of having all the other things in the world. - Aristotle
"C is for cookie. That's good enough for me."
The polarization of society has been weighing heavily on my mind, particularly given some of the topic threads here lately. Those thoughts always seem to come back to the failings of the "two-party system", which always brings to mind:
"Don't blame me! I voted for Kodos" - Homer Simpson
(a simple thought, for sure, but it really does make you think!)
Now I know this is a bit behind the times, but with the universe-I mean the deficit- expanding so quickly you'd have to tweak the numbers a bit.
There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers. -Richard Feynman, physicist, Nobel laureate (1918-1988)
"Gotdamn, another f&*kin' payback with a twist....the motherf&*kers shot but the punks missed" - Ice Cube
....makes you think, doesn't it?
Life is too important to be taken seriously - O.Wilde
I'll go to my standard answer:
Vision without action is a daydream, Action without vision is a nightmare...
@ alkusari that really puts things in perspective!
"The Chinese public don't believe what the Chinese media is selling them, but the American public believes what the American media is selling them."
I love how this is stated ...that the media "sells" us something. (we "buy into" the belief).. interesting, also that we pride ourselves in being a enlightened and free society, however other countries are starting to think of us as foolish because (even when given the freedom of choice), we often just blindly believe everything the government and media tells us without question.
The weather outside is wakeful.
It's better to be rich and good looking than poor and ugly.
#9 - What? There must me a story behind that one. Do tell!
@ #9 It's just something I say when the wind is chilled to the discomfort factor. It's a take on the carol that says "The weather outside's delightful..."
"There is no shame in being poor, only in dressing poorly."
I understand. You must be experiencing something similar to the weather down here. Brrrrr!
The polarization of society has been weighing heavily on my mind, particularly given some of the topic threads here lately. Those thoughts always seem to come back to the failings of the "two-party system."
That's funny. I would have characterized the failing of the two-party system as being the homogeneity of society. If only we were polarized to further ideals, instead of just the inconsequential bickering over details of which government programs to expand more, which sectors to subsidize, which tariff barriers to impose, and which wars to start and how many troops to send.
But on to my quotes of the day. By way of background, I have been awestruck by the parallels between Peter Schiff's message to America and the message of God's prophet Jeremiah to the people of Judah (the two tribes of Israel that remained after the Assyrians had captured the other ten). Where Jeremiah condemns the greed, corruption, and depravity of Judah's leaders, Schiff says the same thing about today's politicians. Where Jeremiah talks of war, famine, and plague ruining Judah, Schiff talks of malinvestment, recession, and inflation ruining the U.S. Where Jeremiah urges God's faithful to invest their wealth in Babylon (did you know that was in the Bible?), Schiff urges patriotic Americans to divest from the U.S. and the dollar and invest in China. Where Jeremiah's critics called him a traitor, Schiff's critics call him unpatriotic. The extent of the parallels and Jeremiah's applicability to today are breathtaking, and only briefly summed up here. If you are a Christian or just curious about the Bible, I urge you to read Jeremiah and Crash Proof concurrently, or just read Jeremiah and watch Schiff's videos on youtube for free. Here is a free Bible website with the first three chapters of Jeremiah (click the next button at the bottom for the next three).
" 'Your iniquities have turned [the rains and the harvest] away, and your sins have withheld good from you. For wicked men are found among My people, they watch like fowlers lying in wait; they set a trap, they catch men. Like a cage full of birds, so their houses are full of deceit; therefore they have become great and rich. They are fat, they are sleek, they also excel in deeds of wickedness; they do not plead the cause, the cause of the orphan, that they may prosper; and they do not defend the rights of the poor. Shall I not punish these people?' declares the LORD, 'On a nation such as this shall I not avenge Myself?' -Jeremiah 5:25-29
"Also on your skirts is found the lifeblood of the innocent poor; you did not find them breaking in.... Yet you said, 'I am innocent.' " -Jeremiah 2:34-35
" 'Yet you turned and profaned My name, and each man took back his male servant and each man his female servant whom you had set free according to their desire, and you brought them into subjection to be your male servants and female servants.' Therefore thus says the LORD, 'You have not obeyed Me in proclaiming release each man to his brother and each man to his neighbor. Behold, I am proclaiming a release to you,' declares the LORD, 'to the sword, to the pestilence and to the famine; and I will make you a terror to all the kingdoms of the earth.' " -Jeremiah 34:16-17
" 'Woe to him who builds his house without righteousness and his upper rooms without justice, who uses his neighbor's services without pay and does not give him his wages.... Did not your father eat and drink and do justice and righteousness? Then it was well with him. He pled the cause of the afflicted and needy; then it was well. Is not that what it means to know Me?' Declares the LORD. 'But your eyes and your heart are intent only upon your own dishonest gain, and on shedding innocent blood and on practicing oppression and extortion.' " -Jeremiah 22:13,14-17
But when the people of the U.S. are bowed down with grief and lamentation, crushed by the weight of the consequences of their wicked deeds, there is hope. As it was written in the midst of that great dirge of Jeremiah's, the book of Lamentations:
"This I recall to my mind, Therefore I have hope.The LORD'S lovingkindnesses indeed never cease, For His compassions never fail.They are new every morning; Great is Your faithfulness.'The LORD is my portion,' says my soul, 'Therefore I have hope in Him.'The LORD is good to those who wait for Him, To the person who seeks Him." -Lamentations 3:21-25
life is a yoyo ,who in the hell is pulling the damn strings!
#12) might you be thinking of "The weather outside is frightful/But the fire is so delightful"?
"Onward Through the Fog"
To piggyback on Fleabagger: From the NLT
A person who gets ahead by oppressing the poor or by showering gifts on the rich will end in poverty. Proverbs 22:16
A prudent person foresees danger and takes precautions.The simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Don’t rob the poor just because you can, or exploit the needy in court. For the Lord is their defender. He will ruin anyone who ruins them. Proverbs 22:22-23
@#17 You are right. My husband switches those lyrics all the time on me!
All Glory to the Hypnotoad!
He is able who thinks he is able...Buddah
#2 Cookie monster was my hero when I was a child, and still to this day.
#6 thanks for the laugh.( and truth)
No eternal reward will forgive us now for wasting the dawn.
#20) Right on!
"People get the government they deserve."
Shakespeare, Jefferson, de Toqueville, Thompson, et al
Surely you don't think Old Testament prophecy is applicable to 21st century America?
God help us!
Thank God my children live in this country. However, I am really afraid of what's happening to our great nation.
"Then we will fight in the shade." - Stelios
"What's gonna happen to the arms industry, once we realize that we're all one? It's gonna f*** up the economy! The economy that's FAKE anyway!"
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"We got no food, no jobs... our PETS' HEADS ARE FALLING OFF!"
Dumb & Dumber
If you don't read the newspaper, you are uninformed. If you do read the newspaper, you are misinformed.
~Author unknown, commonly attributed to Mark Twain or Thomas Jefferson
Hey bra'. I've been meaning to ask you. Can we get some Red Bull for these things? Sometimes a guy's gotta ride the bull. Am I right? Later skater.
#32 - Nice Creed quote. The look on Ryan's face was priceless.
chlyd (< 20)<-- Thanx for the acknowledgement dude... J.. aka #6. Some truth to yours as well.
#31. you are correct sir.
The fact that people will be full of greed ,fear, or folly is predictable, The sequence is not predictable.
1. wall street climbs a wall of worry
2. in markets and economics the majority is always wrong
3. be greedy when others are fearful, be fearful when others are greedy
4. I was great, until I drifted
5. in a crisis the error of optimism dies, giving birth to the error of pessimism. This new error, however, is not born an infant but a giant
6. the trend is your friend, but only until the end of the trend
7. the four most dangerous words in investing are "this time is different"
8. I'm not a liberal, so i have a poor grasp of things I know nothing about
9. Now lets blow these bear-shitters up
10. Diversification is for people that don't konw what they are doing.
11. Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria
12. But then a funny thing happens, you go into the red room and start playing
13. How many millionaires do you know how who became wealthy by investing in savings accounts?
14. What is it you're looking for anyway? Taller? Blonder? Bigger tits? "yeah, hopefully all those things"
15. You can't buy what is popular and do well
16. I can never decide if the booze or the women were harder on me
17. Being charismatic has little to do with impressing others and everything to do with letting them impress you, but making them feel like they worked to earn it
18. Where am i?
19. The most important quality for an investor is temperament, not intellect
20. If you are right six times out of ten you are a big winner in this business
21. Its not more the head as the stomach that determines the fate of a stock picker
22. Its not capital, but human capital that defines the success of a business
And more. #22 has haunted me, guided me, frustrated me, strained relationships of mine and more in life (I have never had a real job, always been an entrepreneur).
Many of those above honestly formed part of my thesis for buying all-in early in 2009 and more or less holding all of 2009.
If bull markets die in euphoria, this one might not be dead yet, we're not even close to optimism yet. If wall street climbs a wall of worry, well people are sure still worrying. I was certainly most greedy when others were fearful. And my biggest bet was that this time wasn't different. The market would crash, and buying into that crash would represent a great opportunity.
And the greatest quote of all time, bar none, is:
Wealthy people miss one of life's greatest pleasures,
paying the last installment.
Three people can keep a secret...if two of them are dead.
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