Lawyers From The United States

"Neither Warren nor I have ever used any fancy math in business — and neither did Ben Graham who taught Warren. Everything I have ever done in business could be done with the simplest algebra and geometry and addition and multiplication and so forth. I never used calculus for any practical work in my whole damn life — and I was a perfect whiz at it when they taught it to me."

"How do these super-smart people with all these degrees and higher mathematics end up doing these dumb things? I think it's explainable by the old proverb that to the man with a hammer every problem looks pretty much like a nail. They've learned these techniques and they just twist the problem so it fits the solution — which is not the way to do it."

"You can't give the average Wall Street CEO really lenient standards of accounting and expect the figures to be good. The accountant is like the referee in soccer. The accountant has to be the adult that prevents the mayhem. Accountants don't want to be the adults because it causes liability, it causes responsibility, it causes difficulty ... they failed us terribly."

"Our investment style has been given a name - focus investing - which implies ten holdings, not one hundred or four hundred. The idea that it is hard to find good investments, so concentrate in a few, seems to me to be an obvious idea. But 98% of the investment world does not think this way. It's been good for us."

"You have to learn all the big ideas in the key disciplines in a way that they're in a mental latticework in your head and you automatically use them for the rest of your life. If you do that, I solemnly promise you that one day you'll be walking down the street and you'll look to your right and left and you’ll think "my heavenly days, I'm now one of the few competent people in my whole age cohort." If you don't do it, many of the brightest of you will live in the middle ranks or in the shallows."

"The hard part of the process for most people is the first $100,000. If you have a standing start at zero, getting together $100,000 is a long struggle for most people."

"The first $100,000 is a bitch, but you gotta do it. I don’t care what you have to do — if it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get your hands on $100,000. After that, you can ease off the gas a little bit."

"... much of what is taught in modern corporate finance courses is twaddle."

"Obviously, you have to know accounting. It's the language of practical business life. It was a very useful thing to deliver to civilization. I've heard it came to civilization through Venice which of course was once the great commercial power in the Mediterranean. However, double-entry bookkeeping was a hell of an invention. And it's not that hard to understand. But you have to know enough about it to understand its limitations — because although accounting is the starting place, it's only a crude approximation. And it's not very hard to understand its limitations. For example, everyone can see that you have to more or less just guess at the useful life of a jet airplane or anything like that. Just because you express the depreciation rate in neat numbers doesn't make it anything you really know."

"You don't have to pass an IQ test to be in the Senate."

"Fill every beaker up, my men, pour forth the cheering wine: There’s life and strength in every drop,—thanksgiving to the vine!"

"Old Grimes is dead, that good old man We never shall see more; He used to wear a long black coat All buttoned down before."

"These excellent Letters,‭ ‬which contain much seasonable instruction,‭ ‬are said to be written by John Dickinson,‭ ‬Esq.‭ ‬the same eminent Author to whom thanks‭ ‬were most deservedly given,‭ ‬by the Committee for the‭ ‬Province of Pennsylvania,‭ ‬on the‭ ‬21ft of July last, “for the great assistance they had derived from the‭ ‬application of his eminent abilities to the service of‭ ‬his country,‭ ‬in”‭ (‬another‭) “‬performance,‭" s‬ince‭ ‬published,‭ ‬intitled,‭ “‬A new Essay‭" (‬by the Pennsylvanian Farmer‭) “‬on the constitutional Power of‭ ‬Great-Britain over the Colonies in America,‭" &c. ‬And the said Committee,‭ ‬with great justice and propriety,‭ ‬recommended that performance,‭ “‬as highly deserving the perusal and serious consideration of‭ ‬every friend of liberty,‭" &c‬."

"With hearts fortified with these animating reflections, we most solemnly, before God and the world, declare that, exerting the utmost energy of those powers, which our beneficent Creator hath graciously bestowed upon us, the arms we have been compelled by our enemies to assume, we will, in defiance of every hazard, with unabating firmness and perseverance employ for the preservation of our liberties; being with one mind resolved to die freemen rather than to live as slaves."

"We are reduced to the alternative of choosing an unconditional submission to the tyranny of irritated ministers or resistance by force. The latter is our choice. We have counted the cost of this contest, and find nothing so dreadful as voluntary slavery. Honour, justice, and humanity, forbid us tamely to surrender that freedom which we received from our gallant ancestors, and which our innocent posterity have a right to receive from us."

"If it was possible for men who exercise their reason, to believe that the divine Author of our existence intended a part of the human race to hold an absolute property in, and an unbounded power over others, marked out by his infinite goodness and wisdom, as the objects of a legal domination never rightfully resistible, however severe and oppressive, the inhabitants of these Colonies might at least require from the Parliament of Great Britain some evidence, that this dreadful authority over them has been granted to that body. But a reverence for our great Creator, principles of humanity, and the dictates of common sense, must convince all those who reflect upon the subject, that Government was instituted to promote the welfare of mankind, and ought to be administered for the attainment of that end."

"Honor, justice and humanity call upon us to hold and to transmit to our posterity, that liberty, which we received from our ancestors. It is not our duty to leave wealth to our children; but it is our duty to leave liberty to them. No infamy, iniquity, or cruelty can exceed our own if we, born and educated in a country of freedom, entitled to its blessings and knowing their value, pusillanimously deserting the post assigned us by Divine Providence, surrender succeeding generations to a condition of wretchedness from which no human efforts, in all probability, will be sufficient to extricate them; the experience of all states mournfully demonstrating to us that when arbitrary power has been established over them, even the wisest and bravest nations that ever flourished have, in a few years, degenerated into abject and wretched vassals."

"Let us take care of our rights, and we therein take care of our property. 'Slavery is ever preceded by sleep.'"

"Kings or parliaments could not give the rights essential to happiness, as you confess those invaded by the Stamp Act to be. We claim them from a higher source—from the King of kings, and Lord of all the earth. They are not annexed to us by parchments and seals. They are created in us by the decrees of Providence which establish the laws of our nature. They are born with us; exist with us; and cannot be taken from us by any human power, without taking our lives."

"It is inseparably essential to the freedom of a people that no taxes be imposed on them but with their own consent, given personally or by their representatives."

"Then join hand in hand, brave Americans all! By uniting we stand, by dividing we fall."

"Our cause is just, Our union is perfect."

"My view is that you don't just talk to your friends. You talk to your enemies, as well. And the diplomacy involves talking to your enemies. You don't reward your enemies necessarily, by talking to them if you're tough and you know what you're doing. You don't appease them. Talking to an enemy is not, in my view, appeasement. I made 15 trips to Syria in 1990-1991 at a time when Syria was on the list of countries who are state sponsors of terrorism. And the 16th trip, guess what? Lo and behold, Syria changed 25 years of policy and agreed for the first time in history to come sit at the table with Israel, which is what Israel wanted at the time. And, thereby, implicitly recognized Israel's right to exist. Now, all I'm saying is that would never have happened if we hadn't been sufficiently dedicated that we were going to keep at it."

""You must tell them that there must be a new union or there will be chaos," he [Shevardnadze] implored me. That evening, when I hosted republic leaders for dinner — a mixed group of presidents, prime ministers, and foreign ministers — I saw around the table and in the conversation a microcosm of the post-coup Soviet Union’s potential — and its problems. Whatever euphoria that they felt with their post-putsch independence declarations had given way to a marked degree of realism. "Independence sounds nice, but we have to live, and we have to be practical," observed the Prime Minister of Moldova, Valeriu Muravsky. That was the persistent theme that I heard from every one of the republic leaders, with the sole exception of the Georgian Prime Minister, Vissarion Gugushvili, though even he spoke of the need for economic cooperation once Georgian independence was recognized internationally."

"We understand the need for assurances to the countries in the East. If we maintain a presence in a Germany that is a part of NATO, there would be no extension of NATO’s jurisdiction for forces of NATO one inch to the east."

"From every place below the skies The grateful song, the fervent prayer,— The incense of the heart, —may rise To heaven, and find acceptance there."

"A weapon that comes down as still As snowflakes fall upon the sod; But executes a freeman's will, As lightning does the will of God; And from its force nor doors nor locks Can shield you,—'t is the ballot-box."

"Really and truly—I’ve nothing to wear."

"No record of her high descent There needs, nor memory of her name; Enough that Raphael’s colors blent To give her features deathless fame."

"By a State I mean, a complete body of free persons united together for their common benefit, to enjoy peaceably what is their own, and to do justice to others."

"Let a state be considered as subordinate to the people: But let everything else be subordinate to the state."

"Man, fearfully and wonderfully made, is the workmanship of his all perfect Creator: A State; useful and valuable as the contrivance is, is the inferior contrivance of man; and from his native dignity derives all its acquired importance."

"To the Constitution of the United States the term SOVEREIGN, is totally unknown."

"The executive power is better to be trusted when it has no screen. Sir, we have a responsibility in the person of our President; he cannot act improperly, and hide either his negligence or inattention; he cannot roll upon any other person the weight of his criminality; no appointment can take place without his nomination; and he is responsible for every nomination he makes... far from being above the laws, he is amenable to them in his private character as a citizen, and in his public character by impeachment."

"We have viewed, in a number of instances, the accommodating spirit of the common law. In other instances, its temper is decided and firm. The means are varied according to times and circumstances; but the great ends of liberty are kept steadily and constantly in view. Its foundations were laid in remote antiquity, have not been overturned by the successive invasions, or migrations, or revolutions which have taken place. The reason has already been hinted at: it contains the common dictates of nature, refined by wisdom and experience, as occasions offer, and cases arise. In all sciences, says my Lord Bacon, they are the soundest that keep closest to particulars. Indeed a science appears to be best formed into a system, by a number of instances drawn from observation and experience, and reduced gradually into general rules; still subject, however, to successive improvements, which future observation or experience may suggest to be proper. The natural progress of the human mind, in the acquisition of knowledge, is from particular facts to general principles. This progress is familiar to all in the business of life; it is the only one, by which real discoveries have been made in philosophy; and it is the one, which has directed and superintended the instauration of the common law. In this view, common law, like natural philosophy, when properly studied, is a science founded on experiment. The latter is improved and established by carefully and wisely attending to the phenomena of the material world; the former, by attending, in the same manner, to those of man and society. Hence, in both, the most regular and undeviating principles will be found, on accurate investigation, to guide and control the most diversified and disjointed appearances. How steadily and how effectually has the spirit of liberty animated the common law, in all the vicissitudes, revolutions, and dangers, to which that system has been exposed! In matters of a civil nature, that system works itself pure by rules drawn from the fountain of justice : in matters of a political nature, it works itself pure by rules drawn from the fountain of freedom."

"Human law must rest its authority ultimately upon the authority of that law which is divine. Far from being rivals or enemies religion and law are twin sisters, friends, and mutual assistance. Indeed, these two sciences run into each other."

"From her early years on the Lazy B ranch in Arizona to her role as the first woman on the Supreme Court, Sandra Day O'Connor has personified the American pioneer. She secured a central role on the court by blending determination with a politician's skill at bringing people together."

"It is the individual who can and does make a difference even in this increasingly populous, complex world of ours. The individual can make things happen. It is the individual who can bring a tear to my eye and then cause me to take pen in hand. It is the individual who has acted or tried to act who will not only force a decision but also have a hand in shaping it. Whether acting in the legal, governmental, or private realm, one concerned and dedicated person can meaningfully affect what some consider an uncaring world. So give freely of yourself always to your family, your friends, your community, and your country. The world will pay you back many times over."

"[C]opyright assures authors the right to their original expression, but encourages others to build freely upon the ideas and information conveyed by a work. [...] This result is neither unfair nor unfortunate. It is the means by which copyright advances the progress of science and art."

"It is true that many Americans find the Commandments in accord with their personal beliefs. But we do not count heads before enforcing the First Amendment."

"Reasonable minds can disagree about how to apply the Religion Clauses in a given case. But the goal of the Clauses is clear: to carry out the Founders’ plan of preserving religious liberty to the fullest extent possible in a pluralistic society. By enforcing the Clauses, we have kept religion a matter for the individual conscience, not for the prosecutor or bureaucrat. At a time when we see around the world the violent consequences of the assumption of religious authority by government, Americans may count themselves fortunate: Our regard for constitutional boundaries has protected us from similar travails, while allowing private religious exercise to flourish. [...] Those who would renegotiate the boundaries between church and state must therefore answer a difficult question: Why would we trade a system that has served us so well for one that has served others so poorly?"

"The First Amendment expresses our Nation’s fundamental commitment to religious liberty by means of two provisions–one protecting the free exercise of religion, the other barring establishment of religion. They were written by the descendants of people who had come to this land precisely so that they could practice their religion freely. Together with the other First Amendment guarantees–of free speech, a free press, and the rights to assemble and petition–the Religion Clauses were designed to safeguard the freedom of conscience and belief that those immigrants had sought. They embody an idea that was once considered radical: Free people are entitled to free and diverse thoughts, which government ought neither to constrain nor to direct."

"The Constitution does not protect the sovereignty of States for the benefit of the States or state governments as abstract political entities, or even for the benefit of the public officials governing the States. To the contrary, the Constitution divides authority between federal and state governments for the protection of individuals."

"It is difficult to discern a serious threat to religious liberty from a room of silent, thoughtful schoolchildren."

"The proper role of the judiciary is one of interpreting and applying the law, not making it."

"I do not believe it is the function of the judiciary to step in and change the law because the times have changed. I do well understand the difference between legislating and judging. As a judge, it is not my function to develop public policy."

"I think I probably made a mistake in the Hardwick case... I do think it was inconsistent in a general way with Roe. When I had the opportunity to reread the opinions a few months later, I thought the dissent had the better of the arguments."

"It was abundantly clear from his letters that, virtually to the end, he remained deeply interested in national and world events. Yet he never ceased to engage in self-deprecating humor. I have a file containing a decade of correspondence with my dear friend. It is a file that I will keep. Max's death on April 19 was not unexpected and I am sure he would have viewed it as merciful. At the moving funeral service at Fort Meyer, Ambassador Philip Bonsal, a respected diplomat and longtime friend of the Taylors', spoke eloquently of General Taylor's "example", and correctly said that his friendship would remain a constant treasure in the lives of all of us who knew him. His younger son Tom's superb tribute brought tears to the eyes of most of us. He emphasized the closeness of the Taylor family- a closeness not often found in the lives of the world's great leaders. It typifies the mind and spirit that I was privileged to know. Maxwell Taylor's place in history will be a large one."

"I know of no other nation in history that deliberately fought a major war with no intention or effort to use its full available forces to carry the war to the enemy's heartland: in Vietnam the capability to do so clearly existed. The effect of this strategy on the attitudes of our own people, and on foreign attitudes toward America, are well known. Less well known are its consequences in Southeast Asia, which include the exodus of the boat people from Vietnam and the Communist genocide in Cambodia."

"I don't believe I've ever met a homosexual"