The bond market is the ultimate reflection of market sentiment.

We don't inherit the earth from our ancestors; we borrow it from our children—this is especially true in forestry.

Is there any relief from some of thesepressures that I've been outlining? I think there is. I just want to turn to afew of them. Let's take meritocracy. This idea that everybody deserves to getwhere they get to, I think it's a crazy idea, completely crazy. I will support any politician of Left and Right, with any halfway-decent meritocratic idea; I am a meritocrat in that sense. But I think it's insane to believe that we will ever make a society that is genuinely meritocratic; it's an impossible dream.

We are in a universe where there is more and more information, and less and less meaning.

一种新的科学真理并不是通过说服其对手并让他们看到光明而取得胜利，而是因为其对手最终死去，一个熟悉它的新一代人成长起来。

What I remember above all about Harvard was being in the midst of so much energy and intelligence. It could be exhilarating, intimidating, sometimes even discouraging, but always challenging. It was an amazing privilege…and though I left early, I was transformed by my years at Harvard, the friendships I made, and the ideas I worked on.