"There are two kinds of businesses: The first earns 12%, and you can take it out at the end of the year. The second earns 12%, but all the excess cash must be reinvested - there's never any cash. It reminds me of the guy who looks at all of his equipment and says, 'There's all of my profit.' We hate that kind of business."

-- Charlie Munger

#Hate Quotes #Years Quotes #Two Quotes

“Said I, in scorn all burning hot,In rage and anger high,"You ignominious idiot,Those wings are made to fly!”
“Take only memories, leave only footprints.”
“I think humor and terror are very closely related.”
“The world will know and understand me someday. But if that day does not arrive, it does not greatly matter. I shall have opened the way for other women.”
“Boys will be boys, and so will a lot of middle-aged men.”
“One of the main jobs of conciousness is to keep our life tied together into a coherent story, a self-concept. It does this by generating explanations of behaviors on the basis of our self image, images, memories of the past, expectations of the future, the present social situation, and the physical environment in which behavior is produced.”
“It is art that makes life, makes interest, makes importance, for our consideration and application of these things, and I know of no substitute whatever for the force and beauty of its process.”

Source : Letter to H. G. Wells, 10 July 1915
“Despite the previous efforts of Congresses, our addiction to foreign oil, as the President stated, is greater today than ever before. That dependency is a threat to our national security, and we must address that threat.”

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