“Someone's sitting in the shade today because someone planted a tree a long time ago. The person sitting in the shade now should be grateful for the person who planted and tended that tree. That includes all those benefactors of humanity throughout history that created, invented, financed, produced, maintained and improved all that we enjoy today.”

“If we start deciding, based on guesses or emotions, whether we will or won't participate in a business where we should have some long run edge, we're in trouble.”

“Investing is forgoing consumption now in order to have the ability to consume more at a later date.”

“You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.”

“America should stand for more than just wealth.”

“The man for whom the law exists - the man of forms, the conservative - is a tame man.”

“All conservatives are such from personal defects. They have been effiminated by position of nature, born halt and blind, through luxury of their parents, and can only, like invalids, act on the defensive.”

“Conservatism is affluent and openhanded, but there is a cunning juggle in riches. I observe that they take somewhat for everythingthey give. I look bigger, but am less; I have more clothes, but am nit so warm; more armor, but less courage; more books, but less wit.”

“Time dissipates to shining ether the solid angularity of facts.”

“We must learn the language of facts. The most wonderful inspirations die with their subject, if he has no hand to paint them to the senses.”

“Give me the facts, and I will twist them the way I want, to suit my argument.”

“The dullness of the fool is the whetstone of the wits.”

“Thou sodden-witted lord! thou hast no more brain than I have in mine elbows.”

“If you spend word for word with me, I shall make your wit bankrupt.”

“But it is the bane of psychology to suppose that where results are similar, processes must be the same. Psychologists are too apt to reason as geometers would, if the latter were to say that the diameter of a circle is the same thing as its semi-circumference, because, forsooth, they terminate in the same two points.”

“Compared with men, it is probable that brutes neither attend to abstract characters, nor have associations by similarity. Their thoughts probably pass from one concrete object to its habitual concrete successor far more uniformly than is the case with us. In other words, their associations of ideas are almost exclusively by contiguity. So far, however, as any brute might think by abstract characters instead of by association of con cretes, he would have to be admitted to be a reasoner in the true human sense. How far this may take place is quite uncertain.”

“We [may] answer the question: "Why is snow white?" by saying, "For the same reason that soap-suds or whipped eggs are white"-in other words, instead of giving the reason for a fact, we give another example of the same fact. This offering a similar instance, instead of a reason, has often been criticised as one of the forms of logical depravity in men. But manifestly it is not a perverse act of thought, but only an incomplete one. Furnishing parallel cases is the necessary first step towards abstracting the reason imbedded in them all.”