Using volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent loss of capital, or 2) the risk of inadequate return.
Liberty, once lost, is lost forever.
This fatal system ... instead of securing your rights, you may lose them forever.
This could but have happened once,- And we missed it, lost it forever.
In my view, the biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital. Not only is the mere drop in stock prices not risk, but it is an opportunity. Where else do you look for cheap stocks?
You can cut a tree down, and it grows back. Once a species goes, it's gone forever.
It is a tenet of my investment style that, on the subject of common stock investment, maximizing the upside means first and foremost minimizing the downside. The deleterious effect of permanent capital loss on portfolio returns cannot be overstated.
The worst part about ALS is that one day, you're able to brush your teeth; then you'll never be able to brush your teeth again. One day, you're able to walk - you're never going to walk again.
Confidence, like the soul, never returns whence it has once departed
Being defeated is often a temporary condition. Giving up is what makes it permanent.
There are places from which you cannot return. There is damage that can be irreparable.
There are many ways of discarding [books]. You can give them to friends,--or enemies,--or to associations or to poor Southern libraries. But the surest way is to lend them. Then they never come back to bother you.
I'm not talking about losing [agricultural] diversity in the same way that you lose your car keys. I'm talking about losing it in the same way that we lost the dinosaurs: actually losing it, never to be seen again.
A language, like a species, when extinct, never... reappears.
Money you lose you can always make back. But even five minutes of time lost is gone forever.
You lose manufacturing jobs, you rarely ever get them back again.
Never loan a book to someone if you expect to get it back. Loaning books is the same as giving them away.
Remember when your plans fail, that temporary defeat is not permanent failure.
When you die, nobody pays your hosting company, and your work disappears. Like that.
There are things you break that can't be put back together again. And Kashmir may be one of them.
The moment is now and we cant get it back from the grave.
I don't think your missing pieces ever fit inside you again once they go missing.
The happy never say, and never hear said, farewell.
And will he not come again? And will he not come again? No, no, he is dead. Go to thy deathbed. He never will come again.
To grow up with the loss of your mother is a scar that never goes away.
