"In essence, the stock market represents three separate categories of business. They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value. The preference, always, would be to buy a long-term franchise at a substantial discount from growing intrinsic value."

-- Michael Burry

#Essence Quotes #Long Quotes #Would Be Quotes

“If I can stay constantly busy, I'll be happy.”
“For souls in growth, great quarrels are great emancipations.”
“Honestly, in retrospect, I would wish for future generations to have the ability to have a coming out process that was less alcohol-soaked than mine was.”
“Government is instituted to protect property of every sort; as well that which lies in the various rights of individuals, as that which the term particularly expresses. This being the end of government, that alone is a just government which impartially secures to every man whatever is his own.”
“You just can't beat the person who never gives up.”
“One has a prejudice wherever one fears a transformation.”
“I don't worry about being in a hurry anymore, because my faith in God will always deliver me on time.”
“I dug myself a garden, and a stray cat I grew to like would come around to sulk in the corn. I forced myself to seek new love, and for a while, I thought I'd found it with a girl from my office. She was molten in my bed, but she also suffered depressions that were very dear to her. She would often call just to sigh at me for two hours on the phone, wanting me to applaud her depth of feeling. I cut if off, then missed her, wishing that I'd at least had the sense to take her naked photograph.”

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