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— Lucretius"But since I've taught that bodies of matter, made Completely solid, hither and thither fly Forevermore unconquered through all time, Now come, and whether to the sum of them There be a limit or be none, for thee Let us unfold; likewise what has been found To be the wide inane, or room, or space Wherein all things soever do go on, Let us examine if it finite be All and entire, or reach unmeasured round And downward an illimitable profound."
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In a rising market, everyone makes money and a value philosophy is unnecessary. But because there is no certain way to predict what the market will do, one must follow a value philosophy at all times.
— Seth Klarman
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Fright is something one can never get over. When a warrior is caught in such a tight spot he would simply turn his back to the ally without thinking twice. A warrior cannot indulge thus he cannot die of fright. A warrior allows the ally to come only when he is good and ready. When he is strong enough to grapple with the ally he opens up his gap and lurches out, grabs the ally, keeps him pinned down and maintains his stare on him for exactly the time he has to, then he moves his eyes away and releases the ally and lets him go. A warrior, my little friend, is the master at all times
— Carlos Castaneda
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