Principles Quotes

The investor has a right to expect good results to flow from a consistent and courageous application of the principle of buying after the market has declined substantially and selling after it has had a spectacular rise. But he cannot expect to reduce this principle to a simple and foolproof formula, with profits guaranteed and no anxious periods.

The basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.

The time has come to tell the truth. Again. There is no love without justice. Men and women who cannot be just deny themselves and everyone they choose to be intimate with the freedom to know mutual love. If we remain unable to imagine a world where love can be recognized as a unifying principle that can lead us to seek and use power wisely, then we will remain wedded to a culture of domination that requires us to choose power over love.