Aug 21, 2017

Alexis de Tocqueville on who goes into politics

In the United States, men of moderate desires commit themselves to the twists and turns of politics.  Men of great talent and passion in general avoid power to pursue wealth; it often comes about that only those who feel inadequate in the conduct of their own business undertake to direct the fortunes of the state.

These reasons, quite as much as any poor decisions of democracy, have to account for the great number of coarse men holding public office.  I do not know whether the people of the United States would choose men of superior qualities who might canvass their votes but it is certain that such men do not bid for office.

~ Alexis de Tocqueville, Democracy in America, p. 238


Aug 19, 2017

Stefan Molyneux defends free speech

If peoples' ideas are so bad, so wrong, so egregious, let them speak! Don't pull a Blues Brothers and drive them off a bridge. You let them speak so that everyone can hear how bad the ideas are. And if their ideas are so bad, you should be able to rebut them and dismantle them very easily.

[...]

Make an argument, or unmake civilization itself.

~ Stefan Molyneux, "CHARLOTTESVILLE" video, August 14, 2017

Aug 15, 2017

David Tepper: "You're nowhere near an overheated market" (2017)

Any comparisons to past overheated markets are ridiculous. Look at where multiples and rates were in 1999. I'm not saying stocks are screaming cheap, but you're nowhere near an overheated market.

~ David Tepper, telephone interview with Scott Wapner, CNBC's Fast Money, August 15, 2017

Steve Weiss: Stocks of Facebook and Alibaba are "extraordinarily inexpensive" (2017)

As you go out and you look at a Facebook or you look at an Alibaba, and you look at their growth rates and you look 2, 3 years, they're extraordinarily inexpensive.

~ Steve Weiss, CNBC's Fast Money, August 15, 2017

(Facebook closed at 171.00; Alibaba closed at 157.82.)

Aug 4, 2017

George Burns on memory and aging

First you forget names, than you forget faces.  Next you forget to pull your zipper up and finally, you forget to pull it down.

~ George Burns

Mark Twain on aging

Age is an issue of mind over matter.  If you don't mind, it doesn't matter.

~ Mark Twain

George Eliot on aging

The years between 50 and 70 are the hardest.  You are always being asked to do things, and yet you are not decrepit enough to turn them down.

~ George Eliot

Muhammad Ali on aging

A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.

~ Muhammad Ali