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"We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II."
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"The doctrine that war is always a greater evil seems to imply a materialist ethic, a belief that death and pain are the greatest evils. But I do not think they are... All men die, and most men miserably. That two soldiers on opposite sides, each believing his own country to be in the right, each at the moment when his selfishness is most in abeyance and his will to sacrifice in the ascendant, should kill [each] other in plain battle seems to me by no means one of the most terrible things in this terrible world."
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Personal Development
"It was how wars really ended, Dieffenbaker supposed -- not at truce tables but in cancer wards and office cafeterias and traffic jams. Wars died one tiny piece at a time, each piece something that fell like a memory, each lost like an echo that fades in winding hills. In the end even war ran up the white flag. Or so he hoped. He hoped that in the end even war surrendered."
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Personal Development
"The evil we create during the wars to save us, it can also end us when the war is over."
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Personal Development
"Doves oppose war on the grounds that the risks exceed the gains. War with Iraq could be very costly, possibly degenerating into urban warfare."
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Personal Development
"You can't say civilization don't advance... in every war they kill you in a new way."
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Personal Development
"Violence has been Nicaragua's most important export to the world."
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Personal Development
"John Dalton's records, carefully preserved for a century, were destroyed during the World War II bombing of Manchester. It is not only the living who are killed in war."
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Personal Development
"It is not only the living who are killed in war."
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Personal Development
"Civil war? What does that mean? Is there any foreign war? Isn't every war fought between men, between brothers?"
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Personal Development
"One of the reasons it's important for me to write about war is I really think that the concept of war, the specifics of war, the nature of war, the ethical ambiguities of war, are introduced too late to children. I think they can hear them, understand them, know about them, at a much younger age without being scared to death by the stories."
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"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
Business
"It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction."
Friendship
"We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II."
War
"In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497."
Finance
"If past history was all there was to the game, the richest people would be librarians."
Wisdom
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1."
Success
"Risk comes from not knowing what you're doing."
Risk
"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently."
Wisdom
"Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value."
Business
"Our favorite holding period is forever."
Business
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