The only obsession everyone wants: ‘love.’ People think that in falling in love they make themselves whole? The Platonic union of souls? I think otherwise. I think you’re whole before you begin. And the love fractures you. You’re whole, and then you’re cracked open.
One of the great mistakes is to judge policies and programs by their intentions rather than their results.
The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap). The intelligent investor is a realist who sells to optimists and buys from pessimists.
