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“A hedgehog will not make peace with the world. He is not reconciled. He cannot accept that he knows only many things. He seeks to know one big thing, and strives without ceasing to give reality a unifying shape. Foxes settle for what they know and may live happy lives. Hedgehogs will not settle and their lives may not be happy.”
― The Hedgehog and the Fox: An Essay on Tolstoy's View of History
― The Hedgehog and the Fox: An Essay on Tolstoy's View of History
“When the game is no longer being played your way, it is only human to say the new approach is all wrong, bound to lead to trouble, etc. I have been scornful of such behavior by others in the past. I have also seen the penalties incurred by those who evaluate conditions as they were – not as they are. Essentially I am out of step with present conditions. On one point, however, I am clear. I will not abandon a previous approach whose logic I understand even though it may mean foregoing large, and apparently easy, profits to embrace an approach which I don't fully understand, have not practiced successfully and which, possibly, could lead to a substantial permanent loss of capital.6”
― Big Mistakes: The Best Investors and Their Worst Investments
― Big Mistakes: The Best Investors and Their Worst Investments
“Logic makes as poor an argument against a boom as it does against a love affair.”
― Bagehot: The Life and Times of the Greatest Victorian
― Bagehot: The Life and Times of the Greatest Victorian
“The anthropologist Lawrence Cohen describes conferences and conventions not so much as scholarly goings-on but as carnivals—“colossal events where academic proceedings are overshadowed by professional politics, ritual enactments of disciplinary boundaries, sexual liminality, tourism and trade, personal and national rivalries, the care and feeding of professional kinship, and the sheer enormity of discourse.”
― Complications: A Surgeon's Notes on an Imperfect Science
― Complications: A Surgeon's Notes on an Imperfect Science
“Conservatism starts from a sentiment that all mature people can readily share: the sentiment that good things are easily destroyed, but not easily created. This is especially true of the good things that come to us as collective assets: peace, freedom, law, civility, public spirit, the security of property and family life, in all of which we depend on the cooperation of others while having no means singlehandedly to obtain it. In respect of such things, the work of destruction is quick, easy and exhilarating; the work of creation slow, laborious and dull. That is one of the lessons of the twentieth century. It is also one reason why conservatives suffer such a disadvantage when it comes to public opinion. Their position is true but boring, that of their opponents exciting but false.”
― How to be a Conservative
― How to be a Conservative
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