Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, "I can calculate the movement of the stars, but not the madness of men." If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases.
Warren BuffettRelated topics
bundle genius investing men later law loss lost madness might sea three well work Laws newton Isaac returns starsRelated quotes
Alas, time comes and time goes, it subtracts little by little; then it deprives a person of a good, the loss of which he indeed feels, and his pain is great. Alas, and he does not discover that long ago it has already taken away from him the most important thing of all-the capacity to make a resolution-and it has made him so familiar with this condition that there is no consternation over it, the last thing that could help gain new power for renewed resolution!
Soren Kierkegaard
The one intelligible theory of the universe is that of objective idealism, that matter is effete mind, inveterate habits becoming physical laws. But before this can be accepted it must show itself capable of explaining the tridimensionality of space, the laws of motion, and the general characteristics of the universe, with mathematical clearness and precision ; for no less should be demanded of every Philosophy.
Charles Sanders Peirce
Three principles - the conformability of nature to herself, the applicability of the criterion of simplicity, and the "unreasonable effectiveness" of certain parts of mathematics in describing physical reality - are thus consequences of the underlying law of the elementary particles and their interactions. Those three principles need not be assumed as separate metaphysical postulates. Instead, they are emergent properties of the fundamental laws of physics.
Murray Gell-Mann
There various news I heard of love and strife,
Of peace and war, health, sickness, death, and life,
Of loss and gain, of famine and of store,
Of storms at sea, and travels on the shore,
Of prodigies, and portents seen in air,
Of fires and plagues, and stars with blazing hair,
Of turns of fortune, changes in the state,
The fall of favourites, projects of the great,
Of aid mismanagements, taxations new:
All neither wholly false, nor wholly true.
Alexander Pope
Many years ago a very wise man named Bernard Baruch took me aside and put his arm around my shoulder. "Harpo my boy," he said, "I'm going to give you three pieces of advice, three things you should always remember." My heart jumped and I glowed with expectation. I was going to hear the magic password to a rich, full life from the master himself. "Yes sir?" I said. And he told me the three things. I regret that I've forgotten what they were.
Harpo Marx