As a Swiss, I am an inveterate democrat, yet I recognize that nature is aristocratic and, what is even more, esoteric. Quod licet Iovi, non licet bovi is an unpleasant but an eternal truth. Who are forgiven
their many sins? Those who have loved much. But as to those who love little, their few sins are held against them. I am firmly convinced that a vast number of people belong to the fold of the Catholic Church and nowhere else, because they are most suitably housed there.

I am as much persuaded of this as of the fact, which I have myself observed, that a primitive religion is better suited to primitive people than Christianity, which is so incomprehensible to them and so foreign to their blood that they can only ape it in a disgusting way. I believe, too, that there must be protestants against the Catholic Church, and also protestants against Protestantism for the manifestations of the spirit are truly wondrous, and as varied as Creation itself.

Carl Jung, Modern Man in Search of a Soul

Marie Kondo has been so influential on my psyche I thank our old code before I delete it.

These are sad days in literature. Homer is dead. Shakespeare is dead. And I myself am not feeling at all well.

Mark Twain

Issue to issue you are getting influenced by the people who have a very strong interest.

Ben Horowitz

Insurance companies offer standardized policies which can be copied by anyone. Their only products are promises. It is not difficult to be licensed, and rates are an open book. There are no important advantages from trademarks, patents, location, corporate longevity, raw material sources, etc., and very little consumer differentiation to produce insulation from competition. It is commonplace, in corporate annual reports, to stress the difference that people make. Sometimes this is true and sometimes it isn’t. But there is no question that the nature of the insurance business magnifies the effect which individual managers have on company performance. We are very fortunate to have the group of managers that are associated with us.


A little digression illustrating this point may be interesting. Berkshire Fine Spinning Associates and Hathaway Manufacturing were merged in 1955 to form Berkshire Hathaway Inc. In 1948, on a pro forma combined basis, they had earnings after tax of almost $ 18 million and employed 10,000 people at a dozen large mills throughout New England. In the business world of that period they were an economic powerhouse. For example, in that same year earnings of IBM were $ 28 million (now $ 2.7 billion), Safeway Stores, $ 10 million, Minnesota Mining, $ 13 million, and Time, Inc., $ 9 million. But, in the decade following the 1955 merger aggregate sales of $ 595 million produced an aggregate loss for Berkshire Hathaway of $ 10 million. By 1964 the operation had been reduced to two mills and net worth had shrunk to $ 22 million, from $ 53 million at the time of the merger. So much for single year snapshots as adequate portrayals of a business.

Warren Buffett, Berkshire Hathaway Letters to Shareholders, 1977

Lucille Henderson sighed as heavily as her dress would allow.

J.D. Salinger, The Young Folks

Cows are easy to love. Their eyes are a liquid brown, their noses inquisitive, their udders homely; small children thrill to their moo.

Most people like them even better dead.

Tad Friend, Can a Burger Help Solve Climate Change?, The New Yorker September 30 2019

The sandwich is a national pastime of modest expectations, remorselessly fulfilled.

Sam Knight, How the sandwich consumed Britain, The Guardian

Many people call themselves modern – especially the pseudo-moderns. Therefore the really modern man is often to be found among those who call themselves old-fashioned.

Carl Jung, Modern Man in Search of a Soul