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true diversity has much to do with controlling one’s investments;
“It takes remarkable patience to hold on to a stock in a company that excites you, but which everybody else seems to ignore. You begin to think everybody else is right and you are wrong. But where the fundamentals are promising, patience is often rewarded—Lukens stock went up sixfold in the fifteenth year, American Greetings was a sixbagger in six years, Angelica a sevenbagger in four, Brunswick a sixbagger in five, and SmithKline a threebagger in two.”
― One Up On Wall Street: How To Use What You Already Know To Make Money In The Market
― One Up On Wall Street: How To Use What You Already Know To Make Money In The Market
“The ancient world found an end to anarchy in the Roman Empire, but the Roman Empire was a brute fact, not an idea. The Catholic world sought an end to anarchy in the church, which was an idea, but was never adequately embodied in fact. Neither the ancient nor the medieval solution was satisfactory – the one because it could not be idealized, the other because it could not be actualized. The modern world, at present, seems to be moving towards a solution like that of antiquity: a social order imposed by force, representing the will of the powerful rather than the hopes of the common men. The problem of a durable and satisfactory social order can only be solved by combining the solidarity of the Roman Empire with the idealism of St. Augustine’s City of God. To achieve this a new philosophy will be needed”
― History of Western Philosophy
― History of Western Philosophy
“Weniger aber besser. The English translation is: Less but better.”
― Essentialism: The Disciplined Pursuit of Less
― Essentialism: The Disciplined Pursuit of Less
“Science tells us what we can know, but what we can know is little, and if we forget how much we cannot know, we become insensitive to many things of great importance.”
― A History of Western Philosophy
― A History of Western Philosophy
“Philosophy, for Plato, is a kind of vision, the 'vision of truth' ... Everyone who has done any kind of creative work has experienced, in a greater or less degree, the state of mind in which, after long labour, truth or beauty appears, or seems to appear, in a sudden glory – it may only be about some small matter, or it may be about the universe ... I think most of the best creative work, in art, in science, in literature, and in philosophy, has been the result of such a moment.”
― A History of Western Philosophy
― A History of Western Philosophy
Michael’s 2025 Year in Books
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