โWe are lonely people, and we try to enrich our poverty-stricken minds with a great deal of knowledge, information and facts. The mind is not capable of deep inquiry if it is filled with knowledge.โ
โ Krishnamurti
1.1. Question 28: What happened 1973 and 1974 when your investment firm lost over half?
Charlie: Oh, thatโs very simple. Thatโs very easy. Thatโs a good lesson. Thatโs a good question. What happened is the value of my partnership where I was running, went down by 50% in one year. Now the market went down by 40% or something. It was a once in 30 year recession. I mean monopoly newspapers are selling at 3 or 4 times earnings. At the bottom tick, I was down from the peak, 50%. Youโre right about that. That has happened to me 3 times in my Berkshire stock.
so I regard it as part of manhood. If youโre going to be in this game for the long pull, which is the way to do it, you better be able to handle a 50% decline without fussing too much about it. And so my lesson to all of you is conduct your life so that you can handle the 50% decline with aplomb and grace. Donโt try to avoid it. (applause) It will come. In fact I would say if it doesnโt come, youโre not being aggressive enough.
1.2.
โI regard it as a part of manhood. If youโre going to be in this game for the long haul which is the way to do it. You better be able to handle a 50% decline without fussing too much. Conduct your life so you can handle a 50% decline with aplomb and grace. Donโt try to avoid it. It will come. And if it doesnโt come Iโd say your not being aggressive enoughโ.
โThe main thing that I learned about conspiracy theory, is that conspiracy theorists believe in a conspiracy because that is more comforting. The truth of the world is that it is actually chaotic. The truth is that it is not The Iluminati, or The Jewish Banking Conspiracy, or the Gray Alien Theory.
The truth is far more frightening - Nobody is in control.
The world is rudderless.โ
โAlan Moore
โWhat if, instead of all this, you suddenly find just a little room there, something like a village bath-house, grimy, and spiders in every corner, and thatโs all eternity is?โ
โ Fyodor Dostoevsky
โ Ne dรฉfiez jamais une personne qui est en paix avec sa solitude et qui ne se soucie pas d'รชtre seule, car vous serez toujours perdant. โ
- Fiodor Dostoรฏevski
โObstacles don't have to stop you. If you run into a wall, don't turn around and give up. Figure out how to climb it, go through it, or work around it.โ
โ Michael Jordan