Money and Finance
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"The performance of public duty is not the whole of what makes a good life; there is also the pursuit of private excellence. For man, though partly social, is not wholly so." -Bertrand Russell It appears that last June, The Reith Lectures series...
- Hey Bossman, Reading Books Is Work - By Shane Parrish
Link to article: Hey Bossman, Reading Books IS WorkOne of my beefs with the modern office is that you need to be seen as working, even if it’s an illusion. And what classifies as “work” is often defined by the quality of your leadership. If...
- Klarman Returns Cash
Link to: Klarman returns cash [via ValueWalk]On stage at the Grant’s conference, seated on a bar stool, Seth Klarman corrected a misapprehension. This is not the first time The Baupost Group LLC, over which he presides, has returned cash to its investors....
- Why I Am Leaving Goldman Sachs - By Greg Smith
Interesting to keep Mr. Buffett’s comment in mind from a couple of weeks ago about Lloyd Blankfein, when he said “I'm unequivocal in my praise of Lloyd. I think he did a terrific job in bringing the company through a crisis. I — he's a fine...
- Thomas W. Phelps On Opinions
Excerpt from the book 100 to 1 in the stock market: "Opinions carry little weight with the experienced investor. "Often in error, never in doubt" should be carved on the tombstone of many an investment advisor. But the reasons for an expert's opinion...
Money and Finance
In Praise of Idleness – By Bertrand Russell (1932)
Like most of my generation, I was brought up on the saying: 'Satan finds some mischief for idle hands to do.' Being a highly virtuous child, I believed all that I was told, and acquired a conscience which has kept me working hard down to the present moment. But although my conscience has controlled my actions, my opinions have undergone a revolution. I think that there is far too much work done in the world, that immense harm is caused by the belief that work is virtuous, and that what needs to be preached in modern industrial countries is quite different from what always has been preached. Everyone knows the story of the traveler in Naples who saw twelve beggars lying in the sun (it was before the days of Mussolini), and offered a lira to the laziest of them. Eleven of them jumped up to claim it, so he gave it to the twelfth. this traveler was on the right lines. But in countries which do not enjoy Mediterranean sunshine idleness is more difficult, and a great public propaganda will be required to inaugurate it. I hope that, after reading the following pages, the leaders of the YMCA will start a campaign to induce good young men to do nothing. If so, I shall not have lived in vain.
- Links
"The performance of public duty is not the whole of what makes a good life; there is also the pursuit of private excellence. For man, though partly social, is not wholly so." -Bertrand Russell It appears that last June, The Reith Lectures series...
- Hey Bossman, Reading Books Is Work - By Shane Parrish
Link to article: Hey Bossman, Reading Books IS WorkOne of my beefs with the modern office is that you need to be seen as working, even if it’s an illusion. And what classifies as “work” is often defined by the quality of your leadership. If...
- Klarman Returns Cash
Link to: Klarman returns cash [via ValueWalk]On stage at the Grant’s conference, seated on a bar stool, Seth Klarman corrected a misapprehension. This is not the first time The Baupost Group LLC, over which he presides, has returned cash to its investors....
- Why I Am Leaving Goldman Sachs - By Greg Smith
Interesting to keep Mr. Buffett’s comment in mind from a couple of weeks ago about Lloyd Blankfein, when he said “I'm unequivocal in my praise of Lloyd. I think he did a terrific job in bringing the company through a crisis. I — he's a fine...
- Thomas W. Phelps On Opinions
Excerpt from the book 100 to 1 in the stock market: "Opinions carry little weight with the experienced investor. "Often in error, never in doubt" should be carved on the tombstone of many an investment advisor. But the reasons for an expert's opinion...