Quotes about stockings
page 5

Oliver Sacks photo
Hermann Rauschning photo
Nina Shatskaya photo
Ron Paul photo
Emanuel Lasker photo

“Education in Chess has to be an education in independent thinking and judgement. Chess must not be memorized, simply because it is not important enough… Memory is too valuable to be stocked with trifles.”

Emanuel Lasker (1868–1941) German World Chess Champion and grandmaster, contract bridge player, mathematician, and philosopher

Source: Lasker's Manual of Chess (1925), p. 337

John Ramsay McCulloch photo
Maneka Gandhi photo

“On the positive side, at least we know now what to stock up with in case of a nuclear war. Also filmstars might consider injecting liquidized McD into their faces to halt the ageing process.”

Maneka Gandhi (1956) Indian politician and activist

Supporting the claims that fast food is slow to decompose, as quoted in "Real foods spoil very quickly, fast foods not" http://www.bihartimes.in/Maneka/Real_foods_spoil_very_quicklY,_fast_foods_not.html, The Bihar Times (27 October 2010)
2001-2010

Peter Greenaway photo
William Pitt, 1st Earl of Chatham photo
Neal Stephenson photo

“It is to be hoped—I mean, I hope—that the poetry I have been writing since 1992 squares up to, takes the measure of, weighs up, the violent evasions and stock affronts of the oligarchy of fraud. I don't, even so, write poems to be polemical; I write to create a being of beautiful energy.”

Geoffrey Hill (1932–2016) English poet and professor

A matter of timing: The Guardian, Saturday 21 September 2002 http://www.guardian.co.uk/books/2002/sep/21/featuresreviews.guardianreview28/print

Roger Ebert photo
Bouck White photo
Warren Buffett photo
John Kenneth Galbraith photo

“To the man who held stock on margin, disaster had only one face and that was falling prices. But now prices were to be allowed to fall. The speculator's only comfort, henceforth, was that his ruin would be accomplished in an orderly and becoming manner.”

The Great Crash, 1929 (1954 and 1997 https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929)
Source: Chapter VI https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929, Things Become More Serious, Section II, p 110

Adolf Hitler photo

“Whenever I stand up for the German peasant, it is for the sake of the Volk. I have neither ancestral estate nor manor… I believe I am the only statesman in the world who does not have a bank account. I hold no stock, I have no shares in any companies. I do not draw any dividends.”

Adolf Hitler (1889–1945) Führer and Reich Chancellor of Germany, Leader of the Nazi Party

Speech to the Krupp Locomotive factory workers in Essen (27 March 1936), quoted in Michael Burleigh, The Third Reich: A New History (Hill and Wang), 2001, p. 246
1930s

Michael Lewis photo
Clement Clarke Moore photo

“T was the night before Christmas, when all through the house
Not a creature was stirring,—not even a mouse;
The stockings were hung by the chimney with care,
In hopes that St. Nicholas soon would be there.”

Clement Clarke Moore (1779–1863) American biblical scholar

A Visit from St. Nicholas, published anonymously in the Troy, New York Sentinel on December 23, 1823 and was reprinted frequently thereafter with no name attached; later attributed to Clement Clarke Moore and included in an 1844 anthology of his works.

Edgar Degas photo
Garrison Keillor photo
Samuel Johnson photo
Miguel de Cervantes photo

“Building castles in the air, 36 and making yourself a laughing-stock.”

Miguel de Cervantes (1547–1616) Spanish novelist, poet, and playwright

Source: Don Quixote de la Mancha (1605–1615), Part II (1615), Book III, Ch. 31.

Henry Temple, 3rd Viscount Palmerston photo
Robert Benchley photo

“Women flirt to keep their stock high, men to get somewhere.”

Mignon McLaughlin (1913–1983) American journalist

The Complete Neurotic's Notebook (1981), Women & men

Barbara Ehrenreich photo
Aron Ra photo
Lytton Strachey photo

“[His reply to the chairman's other stock question, which had previously never failed to embarrass the claimant: "Tell me, Mr. Strachey, what would you do if you saw a German soldier trying to violate your sister?" With an air of noble virtue:] "I would try to get between them."”

Lytton Strachey (1880–1932) British writer

Reported in Robert Graves Good-bye to All That (1929), ch. 23.
Said during the First World War to a military tribunal assessing his claim to be treated as a conscientious objector. Variants along the lines of "I should try to interpose my body" are also sometimes quoted.

Edgar Degas photo

“Anyone would think paintings were made like speculations on the stock market, out of the frictions of ambitious young people… …it sharpens the mind, but clouds your judgement.”

Edgar Degas (1834–1917) French artist

Quote from The private lives of the Impressionists, Sue Roe, Harpen Collins Publishers, New York 2006, p. 34
quotes, undated

“Kelly was aware that there is one type of favorable bet available to everyone; the stock market.”

William Poundstone (1955) American writer

Part One, Entropy, Minus Sign, p. 75
Fortune's Formula (2005)

William S. Burroughs photo
John Kenneth Galbraith photo

“There was something superficial in attributing anything so awful as the Great Depression to anything so insubstantial as speculation in common stocks.”

John Kenneth Galbraith (1908–2006) American economist and diplomat

Source: Money: Whence It Came, Where It Went (1975), Chapter XIV, When The Money Stopped, p. 183-184.

Nick Cave photo
Peter L. Berger photo
Thomas Jefferson photo

“Whenever there is in any country, uncultivated lands and unemployed poor, it is clear that the laws of property have been so far extended as to violate natural right. The earth is given as a common stock for man to labour and live on.”

Thomas Jefferson (1743–1826) 3rd President of the United States of America

Letter to http://press-pubs.uchicago.edu/founders/documents/v1ch15s32.html James Madison (28 October 1785)
1780s

Robert Southey photo

“From his brimstone bed, at break of day,
A-walking the Devil is gone,
To look at his little, snug farm of the World,
And see how his stock went on.”

Robert Southey (1774–1843) British poet

St. 1.
The Devil's Walk http://www.rc.umd.edu/editions/shelley/devil/devil.rs1860.html (1799)

Jim Rogers photo
Jopie Huisman photo

“One afternoon I went to visit him. [Jacob, an older and close friend of Jopie - a real freebooter]. I knew he was home, I took pen, ink and my sketchbook with me and did half a liter of gin in my pocket. He lived in the back of an alley and was sitting in his chair by the window.... I told him, 'You will get the whole bottle, but one condition. I want to make a beautiful drawing of you, so first you have to sit still for twenty minutes and look at me closely. If I look at you and you don't look at me, the deal is over....'Okay', he said. I never had a model like him before... Stock-still he sat.... and looked at me without a single blink of his eyes. Within half an hour he was there on the paper - razor-sharp... While I am writing this down, it is as if he is sitting in front of me again..”

Jopie Huisman (1922–2000) Dutch painter

translation, Fons Heijnsbroek, 2018
version in original Dutch / citaat van Jopie Huisman, in het Nederlands: Op een middag ging ik bij hem op bezoek. [bij Jacob, een oudere en hechte vriend van Jopie en een echte vrijbuiter]. Ik wist dat hij thuis was, nam pen en inkt en mijn schetsboek mee en deed een halve liter jenever in mijn zak. Hij woonde achter in een steegje en zat in zijn stoel bij het raam.. .Ik zei: 'Je krijgt de hele fles van me, onder één voorwaarde. Ik wil een prachtige tekening van je maken en daarvoor moet je eerst twintig minuten doodstil zitten en me strak aankijken. Als ik naar jou kijk en jij kijkt niet naar mij, dan gaat het over.. ..'Afgesproken', zei hij. Ik heb nog nooit zo’n model gehad!.. .Doodstil zat hij.. ..en keek me zonder ook maar één keer met zijn ogen te knipperen strak in mijn gezicht. Binnen een half uur stond hij haarscherp op het papier.. .Terwijl ik dit opschreef was het net alsof hij weer voor me zat.
Source: Jopie de Verteller' (2010) - postumous, p. 58

John Ashbery photo
Colin Wilson photo
Victoria of the United Kingdom photo
George Washington Plunkitt photo

“Richard Croker used to say that tellin’ the truth and stickin’ to his friends was the political leader’s stock in trade. p. 35”

George Washington Plunkitt (1842–1924) New York State Senator

Plunkitt of Tammany Hall, Chapter 8, Ingratitude in Politics

Bill Mollison photo
Henry Hazlitt photo
Daniel Levitin photo
Michael Lewis photo
Irvine Welsh photo

“The rhetorical question, the stock-in-trade weapon ay burds and psychos.”

Tommy, "Relapsing: Scotland Takes Drugs in Psychic Defense" (Chapter 2, Story 1).
Trainspotting (1993)

Bruno Schulz photo
Stanley Baldwin photo
Benjamin Graham photo

“If General Motors is worth $60 a share to an investor it must be because the full common-stock ownership of this gigantic enterprise as a whole is worth 43 million (shares) times $60, or no less than $2,600 million.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter II, The Investor and Stock-Market Fluctuations, p. 39

James Madison photo

“Samuelson spotted a mistake in Bacheliers work. Bachelier's model had failed to consider that stock prices cannot fall below zero.”

William Poundstone (1955) American writer

Part Three, Arbitrage, The Random Walk Cosa Nostra, p. 122
Fortune's Formula (2005)

Revilo P. Oliver photo
Edwin Lefèvre photo
Francis Escudero photo
Margaret Sanger photo

“[Charity] conceals a stupid cruelty, because it is not courageous enough to face unpleasant facts. Aside from the question of the unfitness of many women to become mothers, aside from the very definite deterioration in the human stock that such programs would inevitably hasten, we may question its value even to the normal though unfortunate mother. For it is never the intention of such philanthropy to give the poor over-burdened and often undernourished mother of the slum the opportunity to make the choice herself, to decide whether she wishes time after time to bring children into the world. It merely says 'Increase and multiply: We are prepared to help you do this.' Whereas the great majority of mothers realize the grave responsibility they face in keeping alive and rearing the children they have already brought into the world, the maternity center would teach them how to have more. The poor woman is taught how to have her seventh child, when what she wants to know is how to avoid bringing into the world her eighth. … Such philanthropy, as Dean Inge has so unanswerably pointed out, is kind only to be cruel, and unwittingly promotes precisely the results most deprecated. It encourages the healthier and more normal sections of the world to shoulder the burden of unthinking and indiscriminate fecundity of others; which brings with it, as I think the reader must agree, a dead weight of human waste. Instead of decreasing and aiming to eliminate the stocks that are most detrimental to the future of the race and the world, it tends to render them to a menacing degree dominant.”

Margaret Sanger (1879–1966) American birth control activist, educator and nurse

Source: The Pivot of Civilization, 1922, Chapter 5, "The Cruelty of Charity"

James Russell Lowell photo

“Our Pilgrim stock wuz pithed with hardihood.”

James Russell Lowell (1819–1891) American poet, critic, editor, and diplomat

No. 6.
The Biglow Papers (1848–1866), Series II (1866)

Gottfried Feder photo

“The interest slavery of the nation means the rule of the bank and stock-exchange. The breaking of interest slavery is by far the greatest task of National Socialism.”

Gottfried Feder (1883–1941) German economist and politician

Source: The German State on a National and Socialist Foundation (1923), p. 113

John Bright photo
Clement of Alexandria photo

“When I started worrying about stocks, it was the late 1930s and early 1940s and it didn't seem like a good way to make money then, either.”

Merton Miller (1923–2000) American economist

Source: Investment Gurus: A Road Map to Wealth from the World's Best Money Managers. 1999, p. 263

“The cheaper the stock, the better the outlook for future returns.”

Robert Haugen (1942–2013) American economist

Source: The Inefficient Stock Market - What Pays Off And Why (1999), Chapter 4, Payoffs to the Five families, p. 50

“A severed foot is the ultimate stocking stuffer.”

Mitch Hedberg (1968–2005) American stand-up comedian

Strategic Grill Locations

Edward Jenks photo
Isaac Barrow photo
Michael Lewis photo
Stanley Baldwin photo

“Quality before quantity any day. Build up with the best. What does it matter if it is a hundred years, or two hundred years, or more, before your country is full? Keep the stock you have, and the men and women you have, and see that the coming generations are in no way inferior to them.”

Stanley Baldwin (1867–1947) Former Prime Minister of the United Kingdom

Speech to the Canada Club, London (21 November 1927), quoted in Our Inheritance (London: Hodder and Stoughton, 1938), p. 141.
1927
Context: Your country is a country for men from the North, the hardy virile races. Quality before quantity any day. Build up with the best. What does it matter if it is a hundred years, or two hundred years, or more, before your country is full? Keep the stock you have, and the men and women you have, and see that the coming generations are in no way inferior to them.

PZ Myers photo

“If I actually believed Jesus was coming to end the world, I’d be preparing by stocking up on timber and nails.”

PZ Myers (1957) American scientist and associate professor of biology

Context: If a scientist saw a cataclysm coming, say a meteor on collision course for earth in 2050, we wouldn’t be saying, “Hallelujah, physics is true, bring it on! Our faith in mathematics is strengthened!” We’d be trying to stop it. Which makes the Christian reaction puzzling. If I actually believed Jesus was coming to end the world, I’d be preparing by stocking up on timber and nails. They were pretty effective last time.

Prince Philip, Duke of Edinburgh photo

“Looked at in that light it may well turn out that money spent on proper pollution control, urban and rural planning and the control of exploitation of wild stocks of plants or animals on land and in the sea, is the less expensive alternative in the long run… The conservation of nature, the proper care for the human environment and a general concern for the long-term future of the whole of our planet are absolutely vital if future generations are to have a chance to enjoy their existence on this earth.”

Prince Philip, Duke of Edinburgh (1921) member of the British Royal Family, consort to Queen Elizabeth II

The Australian Conservation Foundation, Canberra (April 1970)
The Environmental Revolution: Speeches on Conservation, 1962–77 (1978)
Context: A new criterion has been added, the conservation of the environment so that in the long run life, including human life, can continue. This new consideration must be taken into account at all levels and in all departments of government and in the boardrooms of every industrial enterprise. It is no longer sufficient simply to quantify the elements of existence as in old-fashioned material economics; conservation means taking notice of the quality of existence as well... The problem is of course to give some value to that quality and perhaps the only way to do this is to try and work out the cost in terms of loss of amenities, loss of holiday and recreation facilities, loss of property values, loss of contact with nature, loss of health standards and loss of food resources, if proper conservation methods are not used. Looked at in that light it may well turn out that money spent on proper pollution control, urban and rural planning and the control of exploitation of wild stocks of plants or animals on land and in the sea, is the less expensive alternative in the long run... The conservation of nature, the proper care for the human environment and a general concern for the long-term future of the whole of our planet are absolutely vital if future generations are to have a chance to enjoy their existence on this earth.

Calvin Coolidge photo

“If we are to have that harmony and tranquility, that union of spirit which is the foundation of real national genius and national progress, we must all realize that there are true Americans who did not happen to be born in our section of the country, who do not attend our place of religious worship, who are not of our racial stock, or who are not proficient in our language. If we are to create on this continent a free Republic and an enlightened civilization that will be capable of reflecting the true greatness and glory of mankind, it will be necessary to regard these differences as accidental and unessential. We shall have to look beyond the outward manifestations of race and creed. Divine Providence has not bestowed upon any race a monopoly of patriotism and character. The same principle that it is necessary to apply to the attitude of mind among our own people it is also necessary to apply to the attitude of mind among the different nations.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, Toleration and Liberalism (1925)
Context: If we are to have that harmony and tranquility, that union of spirit which is the foundation of real national genius and national progress, we must all realize that there are true Americans who did not happen to be born in our section of the country, who do not attend our place of religious worship, who are not of our racial stock, or who are not proficient in our language. If we are to create on this continent a free Republic and an enlightened civilization that will be capable of reflecting the true greatness and glory of mankind, it will be necessary to regard these differences as accidental and unessential. We shall have to look beyond the outward manifestations of race and creed. Divine Providence has not bestowed upon any race a monopoly of patriotism and character. The same principle that it is necessary to apply to the attitude of mind among our own people it is also necessary to apply to the attitude of mind among the different nations. During the war we were required not only to put a strong emphasis on everything that appealed to our own national pride but an equally strong emphasis on that which tended to disparage other peoples. There was an intensive cultivation of animosities and hatreds and enmities, together with a blind appeal to force, that took possession of substantially all the peoples of the earth. Of course, these ministered to the war spirit. They supplied the incentive for destruction, the motive for conquest. But in time of peace these sentiments are not helps but hindrances; they are not constructive.

Josiah Parsons Cooke photo

“It frequently happens that a great discovery supplies the wanting links between a number of obscure facts, and thus adds quite as much to our knowledge by its indirect bearings as by the positive additions it makes to the general stock.”

Josiah Parsons Cooke (1827–1894) Harvard mineralogist and chemist

Context: One of the most striking characteristics of this new modification of oxygen is its peculiar odor, and hence Schönbein calls it ozone, from a Greek verb signifying to smell. It frequently happens that a great discovery supplies the wanting links between a number of obscure facts, and thus adds quite as much to our knowledge by its indirect bearings as by the positive additions it makes to the general stock. So it has been with the discovery of ozone. Every one who has used an electrical machine must have noticed the peculiar smell which follows the electrical discharge. This was formerly supposed to be the odor of the electrical fluid itself; but as soon as ozone was discovered, the odor was recognized at once as belonging to this new agent, and it was soon ascertained that electricity is one of the most efficient means of modifying the oxygen of the air.

John Buchan photo

“Generations follow, oblivious of the high beginnings, but there is that in the stock which is fated to endure. The sons and daughters blunder and sin and perish, but the race goes on, for there is a fierce stuff of life in it.”

Prologue
The Path of the King (1921)
Context: Generations follow, oblivious of the high beginnings, but there is that in the stock which is fated to endure. The sons and daughters blunder and sin and perish, but the race goes on, for there is a fierce stuff of life in it. It sinks and rises again and blossoms at haphazard into virtue or vice, since the ordinary moral laws do not concern its mission. Some rags of greatness always cling to it, the dumb faith that sometime and somehow that blood drawn from kings it never knew will be royal again. Though nature is wasteful of material things, there is no waste of spirit. And then after long years there comes, unheralded and unlooked-for, the day of the Appointed Time...

Seneca the Younger photo

“Kindly remember that he whom you call your slave sprang from the same stock, is smiled upon by the same skies, and on equal terms with yourself breathes, lives and dies.”
Vis tu cogitare istum quem servum tuum vocas ex isdem seminibus ortum eodem frui caelo, aeque spirare, aeque vivere, aeque mori! tam tu illum videre ingenuum potes quam ille te servum.

Seneca the Younger (-4–65 BC) Roman Stoic philosopher, statesman, and dramatist

Letter XLVII: On master and slave, line 10.
Epistulae Morales ad Lucilium (Moral Letters to Lucilius)
Context: Kindly remember that he whom you call your slave sprang from the same stock, is smiled upon by the same skies, and on equal terms with yourself breathes, lives and dies. It is just as possible for you to see in him a free-born man as for him to see in you a slave.

George William Curtis photo

“Abraham Lincoln, President of the United States, walked through the streets of Richmond and respectfully lifted his hat to the men who blacked Louis Wigfall's boots and curried his horse. What did it mean? It meant that the truest American president we have ever had, the companion of Washington in our love and honor, recognized that the poorest man, however outraged, however ignorant, however despised, however black, was, as a man, his equal. The child of the American people was their most prophetic man, because, whether as small shop-keeper, as flat-boatman, as volunteer captain, as honest lawyer, as defender of the Declaration, as President of the United States, he knew by the profoundest instinct and the widest experience and reflection, that in the most vital faith of this country it is just as honorable for an honest man to curry a horse and black a boot as it is to raise cotton or corn, to sell molasses or cloth, to practice medicine or law, to gamble in stocks or speculate in petroleum. He knew the European doctrine that the king makes the gentleman; but he believed with his whole soul the doctrine, the American doctrine, that worth makes the man”

George William Curtis (1824–1892) American writer

1860s, The Good Fight (1865)
Context: In January 1865, Louis Wigfall, one of the rebel chiefs, said, in Richmond, 'Sir, I wish to live in no country where the man who blacks my boots or curries my horse is my equal'. Three months afterwards, when the rebel was skulking away to Mexico, Abraham Lincoln, President of the United States, walked through the streets of Richmond and respectfully lifted his hat to the men who blacked Louis Wigfall's boots and curried his horse. What did it mean? It meant that the truest American president we have ever had, the companion of Washington in our love and honor, recognized that the poorest man, however outraged, however ignorant, however despised, however black, was, as a man, his equal. The child of the American people was their most prophetic man, because, whether as small shop-keeper, as flat-boatman, as volunteer captain, as honest lawyer, as defender of the Declaration, as President of the United States, he knew by the profoundest instinct and the widest experience and reflection, that in the most vital faith of this country it is just as honorable for an honest man to curry a horse and black a boot as it is to raise cotton or corn, to sell molasses or cloth, to practice medicine or law, to gamble in stocks or speculate in petroleum. He knew the European doctrine that the king makes the gentleman; but he believed with his whole soul the doctrine, the American doctrine, that worth makes the man. He stood with his hand on the helm, and saw the rebel colors of caste flying in the storm of war. He heard the haughty shout of rebellion to the American principle rising above the gale, 'Capital ought to own labor and the laborer, and a few men should monopolize political power'. He heard the cracked and quavering voice of medieval Europe in which that rebel craft was equipped and launched, speaking by the tongue of Alexander Stephens, 'We build on the comer-stone of slavery'. Then calmly waiting until the wildest fury of the gale, the living America, which is our country, mistress of our souls, by the lips of Abraham Lincoln thundered jubilantly back to the dead Europe of the past, 'And we build upon fair play for every man, equality before the laws, and God for us all'.

Cory Doctorow photo

“Yeah, there are legal problems. Yeah, it’s hard to figure out how people are gonna make money doing it. Yeah, there is a lot of social upheaval and a serious threat to innovation, freedom, business, and whatnot. It’s your basic end-of-the-world-as-we-know-it scenario, and as a science fiction writer, end-of-the-world-as-we-know-it scenaria are my stock-in-trade.”

"A note about this book, January 9, 2003
Down and Out in the Magic Kingdom (2003)
Context: P2P nets kick all kinds of ass. Most of the books, music and movies ever released are not available for sale, anywhere in the world. In the brief time that P2P nets have flourished, the ad-hoc masses of the Internet have managed to put just about everything online. What’s more, they’ve done it far cheaper than any other archiving/revival effort ever.
Yeah, there are legal problems. Yeah, it’s hard to figure out how people are gonna make money doing it. Yeah, there is a lot of social upheaval and a serious threat to innovation, freedom, business, and whatnot. It’s your basic end-of-the-world-as-we-know-it scenario, and as a science fiction writer, end-of-the-world-as-we-know-it scenaria are my stock-in-trade.

Andy Kessler photo

“Never invest in a company with the target price for the stock in the name of the company.”

Andy Kessler (1958) American writer

Part V, The Next Barrier, Fleece Bank Internet Conference 1999, p. 177.
Running Money (2004) First Edition
Context: I've been doing this for years. Never invest in a company with the target price for the stock in the name of the company.

Stanley Baldwin photo

“The stock is the same as it ever was, and it is as fine as it ever was.”

Stanley Baldwin (1867–1947) Former Prime Minister of the United Kingdom

Speech in Winnipeg, Canada (13 August 1927), quoted in Our Inheritance (London: Hodder and Stoughton, 1938), pp. 116-117.
1927
Context: You very often hear and you sometimes read in newspapers not friendly to the British race that there signs of decadence in Great Britain. Don't you believe a word of it. The people at home are the same people who fought shoulder to shoulder with you for four years all over the world. They are the same stock which created the Maritime Provinces and Ontario. They are the same stock that built up this country. The stock is the same as it ever was, and it is as fine as it ever was.

Lydia Maria Child photo

“Woman stock is rising in the market. I shall not live to see women vote, but I'll come and rap on the ballot box.”

Lydia Maria Child (1802–1880) American abolitionist, author and women's rights activist

Letter to Sarah Shaw (1856)
1850s

Warren Buffett photo

“Buy into a company because you want to own it, not because you want the stock to go up.”

Warren Buffett (1930) American business magnate, investor, and philanthropist

Interview in Forbes magazine (1 November 1974)
Context: Draw a circle around the businesses you understand and then eliminate those that fail to qualify on the basis of value, good management and limited exposure to hard times. … Buy into a company because you want to own it, not because you want the stock to go up. … People have been successful investors because they've stuck with successful companies. Sooner or later the market mirrors the business.

William Crookes photo

“I can do which I like, and whichever way I decide, no more energy is developed in the fall of the weight. I strike a match; I can use it to light a cigarette or to set fire to a house. I write a telegram; it may be simply to say I shall be late for dinner, or it may produce fluctuations on the stock exchange that will ruin thousands. In these cases the actual force required in striking the match or in writing the telegram is governed by the law or conservation of energy; but the vastly more momentous part, which determines the words I use or the material I ignite, is beyond such a law.”

William Crookes (1832–1919) British chemist and physicist

Address to the Society for Psychical Research (1897)
Context: The clock runs down. I lift the weight by exerting the proper amount of energy, and in this action the law of conservation of energy is strictly obeyed. But now I have the choice of either letting the weight fall free in a fraction of a second, or, constrained by the wheelwork, in twenty-four hours. I can do which I like, and whichever way I decide, no more energy is developed in the fall of the weight. I strike a match; I can use it to light a cigarette or to set fire to a house. I write a telegram; it may be simply to say I shall be late for dinner, or it may produce fluctuations on the stock exchange that will ruin thousands. In these cases the actual force required in striking the match or in writing the telegram is governed by the law or conservation of energy; but the vastly more momentous part, which determines the words I use or the material I ignite, is beyond such a law. It is probable that no expenditure of energy need be used in the determination of direction one way more than another. Intelligence and free will here come into play, and these mystic forces are outside the law of conservation of energy as understood by physicists.

Benjamin Graham photo

“Stocks can be dynamite.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter I, What the Intelligent Investor Can Accomplish, p. 8

Robert M. Pirsig photo

“A culture-bearing book, like a mule, bears the culture on its back. No one should sit down to write one deliberately. Culture-bearing books occur almost accidentally, like a sudden change in the stock market.”

Zen and the Art of Motorcycle Maintenance (1974), Afterword (1984)
Context: A culture-bearing book, like a mule, bears the culture on its back. No one should sit down to write one deliberately. Culture-bearing books occur almost accidentally, like a sudden change in the stock market. There are books of high quality that are an part of the culture, but that is not the same. They are a part of it. They aren't carrying it anywhere. They may talk about insanity sympathetically, for example, because that's the standard cultural attitude. But they don't carry any suggestion that insanity might be something other than sickness or degeneracy.

Didier Sornette photo

“Only a faster-than-exponential stock market growth makes private investors feel richer.”

Didier Sornette (1957) French scientist

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 10, 2050: The End Of The Growth Era?, p. 375
Context: In order to have a continuing influence, the stock market has to continue rising at an accelerating pace faster than exponential. Only a faster-than-exponential stock market growth makes private investors feel richer.

Benoît Mandelbrot photo

“How could it be that the same technique applies to the Internet, the weather and the stock market? Why, without particularly trying, am I touching so many different aspects of many different things?”

Benoît Mandelbrot (1924–2010) Polish-born, French and American mathematician

A Theory of Roughness (2004)
Context: How could it be that the same technique applies to the Internet, the weather and the stock market? Why, without particularly trying, am I touching so many different aspects of many different things?
A recent, important turn in my life occurred when I realized that something that I have long been stating in footnotes should be put on the marquee. I have engaged myself, without realizing it, in undertaking a theory of roughness. Think of color, pitch, heaviness, and hotness. Each is the topic of a branch of physics. Chemistry is filled with acids, sugars, and alcohols; all are concepts derived from sensory perceptions. Roughness is just as important as all those other raw sensations, but was not studied for its own sake. … I was not particularly precocious, but I'm particularly long-lived and continue to evolve even today. Above a multitude of specialized considerations, I see the bulk of my work as having been directed towards a single overarching goal: to develop a rigorous analysis for roughness. At long last, this theme has given powerful cohesion to my life … my fate has been that what I undertook was fully understood only after the fact, very late in my life.

Thomas Carlyle photo

“If a soul is born with divine intelligence, and has its lips touched with hallowed fire, in consecration for high enterprises under the sun, this young soul will find the question asked of him by England every hour and moment: "Canst thou turn thy human intelligence into the beaver sort, and make honest contrivance, and accumulation of capital by it? If so, do it; and avoid the vulpine kind, which I don't recommend. Honest triumphs in engineering and machinery await thee; scrip awaits thee, commercial successes, kingship in the counting-room, on the stock-exchange;—thou shalt be the envy of surrounding flunkies, and collect into a heap more gold than a dray-horse can draw. "—"Gold, so much gold?"”

Thomas Carlyle (1795–1881) Scottish philosopher, satirical writer, essayist, historian and teacher

answers the ingenuous soul, with visions of the envy of surrounding flunkies dawning on him; and in very many cases decides that he will contract himself into beaverism, and with such a horse-draught of gold, emblem of a never-imagined success in beaver heroism, strike the surrounding flunkies yellow. This is our common course; this is in some sort open to every creature, what we call the beaver career; perhaps more open in England, taking in America too, than it ever was in any country before. And, truly, good consequences follow out of it: who can be blind to them? Half of a most excellent and opulent result is realized to us in this way; baleful only when it sets up (as too often now) for being the whole result.
1850s, Latter-Day Pamphlets (1850), Stump Orator (May 1, 1850)

Charles Lyell photo

“The new race or species may not be absolutely superior in the sum of its powers and endowment to the parent stock, and may even be more simple in structure and of a lower grade of intelligence, as well as of organisation, provided, on the whole, it happens to have some slight advantage over its rivals. Progression, therefore, is not a necessary accompaniment of variation and natural selection”

Charles Lyell (1797–1875) British lawyer and geologist

Source: The Geological Evidences of the Antiquity of Man (1863), Ch.21, p. 411-412
Context: The competition of races and species, observes Mr. Darwin, is always most severe between those which are most closely allied and which fill nearly the same place in the economy of nature. Hence, when the conditions of existence are modified, the original stock runs great risk of being superseded by some one of its modified offshoots. The new race or species may not be absolutely superior in the sum of its powers and endowment to the parent stock, and may even be more simple in structure and of a lower grade of intelligence, as well as of organisation, provided, on the whole, it happens to have some slight advantage over its rivals. Progression, therefore, is not a necessary accompaniment of variation and natural selection, though, when a higher organisation happens to be coincident with superior fitness to new conditions, the new species will have greater power and a greater chance of permanently maintaining and extending its ground.

Epictetus photo
Calvin Coolidge photo

“We are situated differently in this respect from any other country. All the other great powers have a comparatively homogeneous population, close kindred in race and blood and speech, and commonly little divided in religious beliefs. Our great Nation is made up of the strong and virile pioneering stock of nearly all the countries of the world. We have a variety of race and language and religious belief.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, Ways to Peace (1926)
Context: But if we are to maintain our position of understanding and good will with the nations abroad, we must continue to maintain the same sentiments at home. We are situated differently in this respect from any other country. All the other great powers have a comparatively homogeneous population, close kindred in race and blood and speech, and commonly little divided in religious beliefs. Our great Nation is made up of the strong and virile pioneering stock of nearly all the countries of the world. We have a variety of race and language and religious belief. If any of these different peoples fall into disfavor among us, there comes a quick reaction against the rest of us from the relatives and friends in their place of origin which affects the public sentiment of that country, even though it may not be actually expressed in the official actions of their Government. Such misunderstandings interfere with our friendly relations, are harmful to our trade, and retard the general progress of civilization. We all subscribe to the principle of religious liberty and toleration and equality of rights. This principle is in accordance with the fundamental law of the land. It is the very spirit of the American Constitution. We all recognize and admit that it ought to be put into practical operation. We know that every argument of right and reason requires such action.

Aeschylus photo

“Prolific truly is the impious deed;
Like to the evil stock, the evil seed.”

Source: Oresteia (458 BC), Agamemnon, lines 758–760 (tr. Anna Swanwick)

Theodor Mommsen photo

“The distinction between ancient and modern history, therefore, is no mere accident, nor yet a mere matter of chronological convenience. What is called modern history is in reality the formation of a new cycle of culture, connected at several epochs of its development with the perishing or perished civilization of the mediterranean states, as that was connected with the primitive civilization of the Indo-Germanic stock, but destined, like that earlier cycle, to traverse an orbit of its own. It too is destined to experience in full measure the vicissitudes of national weal and woe, period of growth, of full vigour, and of age, the blessedness of creative effort, in religion, polity, and art, the comfort of enjoying the material and intellectual acquisitions it has won, perhaps also, some day, the decay of productive power in the satiety of contentment with the goal attained. But that goal too will only be temporary: the grandest system of civilization has its orbit, and may complete its course; but not so the human race, to which, even when it seems to have attained its goal, the old task is ever set anew with a wider range and with a deeper meaning.”

Theodor Mommsen (1817–1903) German classical scholar, historian, jurist, journalist, politician, archaeologist and writer

Vol. 1, pt. 1, translated by W.P.Dickson.
Introductory Paragraph
The History of Rome - Volume 1
Context: The Mediterranean Sea with its various branches, penetrating far into the great Continent, forms the largest gul of the ocean, and, alternately narrowed by islands or projections of the land and expanding to considerable breadth, at once separates and connects the three divisions of the Old World. The shores of this inland sea were in ancient times peopled by various nations, belonging in an ethno-graphical and philological point of view to different races, but constituting in their historical aspect one whole. This historic whole has been usually, but not very appropriately, entitled the history of the ancient world. It is in reality the history of the civilization among the Mediterranean nations; and as it passes before us in its successive stages, it presents four great phases of development, - the history of the Coptic or Egyptian stock dwelling on the southern shore, the history of the Aramaean or Syrian Nation, which occupied the east coast and extended into the interior of Asia as far as the Euphrates and Tigris, and the histories of the twin-peoples, the Hellenes and the Italians, who received as their heritage the countries bordering on its European shores. Each of these histories was in its earlier stages connected with other regions and with other cycles of historical evolution, but each soon entered on its own peculiar career. The surrounding nations of alien or even of kindred extraction, - the Berbers and Negroes of Africa, the Arabs and Persians, and Indians of Asia, the Celts and Germs of Europe, - came into manifold contact with the peoples inhabiting the borders of the Mediterranean, but they neither imparted unto them nor received from them any influences of really decisive effect upon their respective destinies. So far, therefore, as cycles of culture admit of demarcation at all, we may regard that cycle as a unity which has its culminating points denoted by the names Thebes, Carthage, Athens, and Rome. The four nations represented by these names, after each of them had attained in a path of its own peculiar and noble civilization, mingled with one another in the most varied relations of reciprocal intercourse, and skilfully elaborated and richly developed all the elements of human nature. At length their cycle as accomplished. New peoples who hitherto had onled laved the territories of the states of the Mediterranean, as waves lave the beach, overflowed both shores, severed the history of its south coast from that of the north, and transferred the centre of civilization from the Mediterranean to the Atlantic Ocean. The distinction between ancient and modern history, therefore, is no mere accident, nor yet a mere matter of chronological convenience. What is called modern history is in reality the formation of a new cycle of culture, connected at several epochs of its development with the perishing or perished civilization of the mediterranean states, as that was connected with the primitive civilization of the Indo-Germanic stock, but destined, like that earlier cycle, to traverse an orbit of its own. It too is destined to experience in full measure the vicissitudes of national weal and woe, period of growth, of full vigour, and of age, the blessedness of creative effort, in religion, polity, and art, the comfort of enjoying the material and intellectual acquisitions it has won, perhaps also, some day, the decay of productive power in the satiety of contentment with the goal attained. But that goal too will only be temporary: the grandest system of civilization has its orbit, and may complete its course; but not so the human race, to which, even when it seems to have attained its goal, the old task is ever set anew with a wider range and with a deeper meaning.

Felix Adler photo

“Theories of what is true have their day. They come and go, leave their deposit in the common stock of knowledge, and are supplanted by other more convincing theories.”

Felix Adler (1851–1933) German American professor of political and social ethics, rationalist, and lecturer

Source: Founding Address (1876), The Religion of Duty (1905), Ch. 10
Context: Theories of what is true have their day. They come and go, leave their deposit in the common stock of knowledge, and are supplanted by other more convincing theories. The thinkers and investigators of the world are pledged to no special theory, but feel themselves free to search for the greater truth beyond the utmost limits of present knowledge. So likewise in the field of moral truth, it is our hope, that men in proportion as they grow more enlightened, will learn to hold their theories and their creeds more loosely, and will none the less, nay, rather all the more be devoted to the supreme end of practical righteousness to which all theories and creeds must be kept subservient.
There are two purposes then which we have in view: To secure in the moral and religious life perfect intellectual liberty, and at the same time to secure concert in action. There shall be no shackles upon the mind, no fetters imposed in early youth which the growing man or woman may feel prevented from shaking off, no barrier set up which daring thought may not transcend. And on the other hand there shall be unity of effort, the unity that comes of an end supremely prized and loved, the unity of earnest, morally aspiring persons, engaged in the conflict with moral evil.