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"I've heard that one-half of the students at elite schools want to go into private equity or hedge funds. They want to keep up with their age cohorts at Goldman. This can't possibly end well in terms of meeting these expectations."

— Charlie Munger
charlie munger Quotes Meetings,Equity,Private Equity

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The interesting point is that the polarization is not so much among the public, although there's some of that. The polarization on the immigration issue is really between the elites and the public. In other words, this is not so much a right-left issue, which it is partly.

— Mark Krikorian

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In a normal democracy, you protect the individual from the excessive power of the state. In Turkey, power elites try to protect the state - as if this state were fragile and needed protection - when in fact, it's too powerful already.

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