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— Charlie Munger"Look at those hedge funds - you think they can wait? They don't know how to wait! I have sat for years at a time with $10 to $12 million in treasuries or municipals, just waiting, waiting...As Jesse Livermore said, 'The big money is not in the buying and selling...but in the waiting.'"
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I believe we may lessen the danger of buying and selling votes, by making the number of voters too great for any means of purchase. I may further say that I have not observed men's honesty to increase with their riches.
— Thomas Jefferson
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Perhaps the most extraordinary characteristic of current America is the attempt to reduce life to buying and selling. Life is not love unless love is sex and bought and sold. Life is not knowledge save knowledge of technique, of science for destruction. Life is not beauty except beauty for sale. Life is not art unless its price is high and it is sold for profit. All life is production for profit, and for what is profit but for buying and selling again?
— W. E. B. Du Bois
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