May 9, 2022

Brian Chesky on the future of the office

I think that the office as we know it, is over.  We can't try to hold on to 2019 any more than 1950.  We have to move forward.




Bill Watterson on the existence of intelligent life beyond earth

The surest sign that intelligent life exists elsewhere in the universe is that it has never tried to contact us.

~ Bill Watterson, American cartoonist and author of the comic strip Calvin and Hobbes



Chris Mayer on the patience required of long-term investors

Holding on requires a belief in some future that is not here yet.  Pessimism focuses on known problems and what’s right in front of us.

~ Chris Mayer, "Hold Fast: Tips for 100 Baggers," May 9, 2022



May 3, 2022

Hugh Hendry on the "glaringly obviously attractive" returns from the mining sector

The education - or miseducation - of the mining sector actually turns the odds in your favor as an external minority investor.  And because taking away the reflexive behavior to expand supply with higher prices simply means that higher prices are going to be with us longer, and so they're going to keep rewarding you as an investor.  So part of society is going to be on your ass saying you're morally corrupt.  It's them who are morally corrupt, but you've got to be able to take that on...  The returns from the extractive industry are just glaringly obviously attractive.

~ Hugh Hendry, Stansberry Investor Hour interview with Dan Ferris, 38:30 mark, May 2, 2022



H.L. Mencken on American journalism

American journalism (like the journalism of any other country) is predominantly paltry and worthless. Its pretensions are enormous, but its achievements are insignificant.

~ H.L. Mencken



May 1, 2022

Will Rogers on good judgment

Good judgment comes from experience, and a lot of that comes from bad judgment. 

~ Will Rogers



George Kennan on NATO expansion after the Soviet Union collapse

I think it is the beginning of a new cold war.  I think the Russians will react adversely and it will affect their policies.  I think it was a tragic mistake.  There was no reason for this whatsoever.  No one was threatening anybody else.  This expansion would have the Founding Fathers rolling in their graves.  We have signed up to defend a whole series of countries even though we have neither the resources nor the intention to do so in any serious way.

~ George Kennan, historian who advocated a policy of Soviet containment during the Cold War, May 2, 1998