"Index funds are... tax friendly, allowing investors to defer the realization of capital gains or avoid them completely if the shares are later bequeathed. To the extent that the long-run uptrend in stock prices continues, switching from security to security involves realizing capital gains that are subject to tax. Taxes are a crucially important financial consideration because the earlier realization of capital gains will substantially reduce net returns."

-- Burton Malkiel

#Running Quotes #Long Quotes #Friendly Quotes

“I believe in the America people's ability to govern themselves. If government would just get out of the way and allow them to lead their lives as they choose, they will succeed.”
“I can dine at the White House, but I can still hang at the 'hood,”
“I try to look at design from a more conceptual standpoint.”

Source : "Cynthia Rowley Does Warhol". Interview with Ana Finel Honigman, www.interviewmagazine.com. February 17, 2010.
“Leave the beaten track behind occasionally and dive into the woods.”
“I am for an art that takes into account the direct effect of the elements as they exist from day to day apart from representation.”

Source : Robert Smithson, Jack D. Flam (1996). “Robert Smithson, the Collected Writings”, p.155, Univ of California Press
“A healthy Amtrak is an integral part of New York and the Nation's economy and transportation systems.”
“When daffodils begin to peer, With heigh! the doxy, over the dale, Why, then comes in the sweet o' the year; For the red blood reigns in the winter's pale. The white sheet bleaching on the hedge, With heigh! the sweet birds, O, how they sing! Doth set my pugging tooth on edge; For a quart of ale is a dish for a king.”
“Compared to dreams, reality can be truly cruel. But it can also come up with beautiful surprises.”

Source : Nujood Ali, Delphine Minoui (2010). “I Am Nujood, Age 10 and Divorced”, p.126, Broadway Books

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