My father received the governor's letter with some apparent surprise, but said little of it to me for some days, when Capt. Holmes returning he showed it to him, ask'd him if he knew Keith, and what kind of man he was;…
Over time, stock prices gravitate toward intrinsic value. That’s what has happened at Berkshire, a fact explaining why the company’s 52-year market-price gain – shown on the facing page – materially exceeds its…
My father received the governor's letter with some apparent surprise, but said little of it to me for some days, when Capt. Holmes returning he showed it to him, ask'd him if he knew Keith, and what kind of man he was;…
Adam Smith:The Wealth of Nations, Book IV, Chapter IV, Paragraph 1157
Adam Smith《The Wealth of Nations》· Book IV, Chapter IV · Investing
The revenue of the customs, instead of suffering, profits from such drawbacks, by that part of the duty which is retained. If the whole duties had been retained, the foreign goods upon which they are paid could seldom have been exported, nor consequently imported, for want of a market. The duties, therefore, of which a part is retained, would never have been paid.
My father received the governor's letter with some apparent surprise, but said little of it to me for some days, when Capt. Holmes returning he showed it to him, ask'd him if he knew Keith, and what kind of man he was;…
Benjamin Franklin:The Autobiography of Benjamin Franklin, Excerpt 55
Benjamin Franklin《The Autobiography of Benjamin Franklin》· The Autobiography of Benjamin Franklin · Leadership
Peace being concluded, and the association business therefore at an end, I turn'd my thoughts again to the affair of establishing an academy. The first step I took was to associate in the design a number of active friends, of whom the Junto furnished a good part; the next was to write and publish a pamphlet, entitled Proposals Relating to the Education of Youth in Pennsylvania. This I distributed among the principal inhabitants gratis; and as soon as I could suppose their minds a little prepared by the perusal of it, I set on foot a subscription for opening and supporting an academy; it was to be paid in quotas yearly for five years; by so dividing it, I judg'd the subscription might be larger, and I believe it was so, amounting to no less, if I remember right, than five thousand pounds.
Over time, stock prices gravitate toward intrinsic value. That’s what has happened at Berkshire, a fact explaining why the company’s 52-year market-price gain – shown on the facing page – materially exceeds its…
Henry Ford《My Life and Work》· Chapter II · Leadership
I have the dynamo that I first had charge of at the Detroit Edison Company. When I started our Canadian plant I bought it from an office building to which it had been sold by the electric company, had it revamped a little, and for several years it gave excellent service in the Canadian plant. When we had to build a new power plant, owing to the increase in business, I had the old motor taken out to my museum--a room out at Dearborn that holds a great number of my mechanical treasures.
Over time, stock prices gravitate toward intrinsic value. That’s what has happened at Berkshire, a fact explaining why the company’s 52-year market-price gain – shown on the facing page – materially exceeds its…