Intelligent Quotations | Page 2
Intelligent Quotes from:
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Spiritual Quotes
Evolution as described by Charles Darwin is an scientific theory, abundantly reconfirmed, explaining physical phenomena by physical causes. Intelligent Design is a faith-based initiative in rhetorical argument. Should we teach I.D. in America's public schools? Yes, let's do - not as science, but alongside other spiritual beliefs, such as Islam, Zoroastrianism and the Hindu Idea that Earth rests on Chukwa, the giant turtle.
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Thinking Quotes
The Berkshire-style investors tend to be less diversified than other people. The academics have done a terrible disservice to intelligent investors by glorifying the idea of diversification. Because I just think the whole concept is literally almost insane. It emphasizes feeling good about not having your investment results depart very much from average investment results. But why would you get on the bandwagon like that if somebody didn't make you with a whip and a gun?
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Civilization Quotes
It's my guess that something like 5% of GDP goes to money management and itsattendant friction. I define it broadly - annuities, incentive pay, all trading, etc. Nobody else has used figures that high, but that's my guess. Worst of all, the people doing this are among the best and the brightest. Hundreds and thousands of engineers, etc. are going into hedge funds and investment banking. That is not an intelligent allocation of the brainpower of the civilization.
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Growth Quotes
The whole concept of dividing it up into 'value' and 'growth' strikes me as twaddle. It's convenient for a bunch of pension fund consultants to get fees prattling about and a way for one advisor to distinguish himself from another. But, to me, all intelligent investing is value investing.
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Running Quotes
Pure, hard-core liberals believe in a superior race. They think they're it. They believe they're more intelligent than the general run of mankind, better suited than the little people are to manage the little people's lives. They think they have the one true vision, the ability to solve all the moral dilemmas of the century. They prefer big government because that is the first step to totalitarianism, toward unquestioned rule by the elite. And of course they see themselves as the elite.