If the rule you followed brought you to this, of what use was the rule?
~ Cormac McCarthy
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Category Archives: 0747 – Quote Unquote
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Private equity is now underperforming an S&P 500 index fund over three-month, one-year, three-year, five-year, and 10-year periods. When a buyout firm does score big with one fund, there’s little to no correlation with the performance of its next fund.
~ Oren Cass via The New York Times
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We are that strange species that constructs artifacts intended to counter the natural flow of forgetting.
~ William Gibson
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One of the better measures of a society’s vitality is its ability to protect its citizens from disease, and the two often move in tandem; a decline in one may produce a reduction in the other,
~ Vann Newkirk via The Atlantic
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In any story of today’s political disorders, this should be no subplot. At least since World War II, the West has been defined by its party system: different in each place but usually involving a duopoly of ruling parties fringed by smaller outfits, each robustly anchored in society. The system was the groundwork on which Western political life was built — unobtrusive, unremarked upon, yet quietly essential.
~ Anton Jäger via The New York Times
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I do not photograph nature. I photograph my visions.
~ Emmanuel Radnitzky
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Perhaps the most remarkable fact about modern finance is that it fails on its own terms. Mergers and acquisitions tend to destroy value even as they sate the appetites of empire-building chief executives.
~ Oren Cass via The New York Times
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We live in a state of perpetual emergency being declared, and that has all sorts of corrosive effects.
~ Dean Ball via The Atlantic
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Vietnam was worse than immoral — it was a mistake.
~ Dean Acheson
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A delay in a balancing feedback loop makes the system likely to oscillate.
~ Donella Meadows
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