As 2023 Approaches Quotes

students need only two well-taught courses—How to Value a Business, and How to Think About Market Prices. Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily-understandable business whose earnings are virtually certain to be materially higher five, ten and twenty years from now. Over time, you will find only a few companies that meet these standards—so when you see one that qualifies, you should buy a meaningful amount of stock. You must also resist the temptation to stray from your guidelines: If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio’s market value. Though it’s seldom recognized, this is the exact approach

Epicurus shared that during his illness, he didn't dwell on his physical discomfort. Instead, he continued his philosophical discussions, focusing on how the mind can remain calm and maintain its integrity despite the body's sufferings. He didn't dramatize his condition or give doctors the chance to act as if they were performing some grand action. His life continued to be positive and content. So, he advises, should we approach life, whether in sickness or health. We shouldn't abandon our philosophical principles or get caught up in meaningless conversations with those who lack understanding of nature's ways. Instead, our focus should be solely on our present actions and the means we use to carry them out. This approach, respected by all philosophical traditions, keeps us centered and purposeful, no matter what life throws at us.

While the rich became richer, the taxation policy of the government, instead of correcting this trend, actively strengthened it. One of the first decisions of the first Modi government was to abolish the wealth tax that had been introduced in 1957. While the fiscal resources generated by this tax were never significant, the decision was more than a symbolic one.126 The wealth tax was replaced with an income tax increase of 2 percent for households that earned more than Rs 10 million (133,333 USD) annually.127 Few people pay income tax in India anyway: only 14.6 million people (2 percent of the population) did in 2019. As a result, the income-tax-to-GDP ratio remained below 11 percent. Not only has the Modi government not tried to introduce any reforms to change this, but it has instead increased indirect taxes (such as excise taxes), which are the most unfair as they affect everyone, irrespective of income. Taxes on alcohol and petroleum products are a case in point. As some state governments have also imposed their own taxes, this strategy means that India has one of the highest taxation rates on fuel in the world. The share of indirect taxes in the state’s fiscal resources has increased under the Modi government to reach 50 percent of the total taxes—compared to 39 percent under UPA I and 44 percent under UPA II.128 Modi’s taxation policy, a supply-side economics approach, is in keeping with the managerial rhetoric of promoting the spirit of enterprise that the prime minister, who readily presents himself as an efficiency-conscious “apolitical CEO,” relishes. One of the neoliberal measures the Modi government enacted in the name of economic rationality, right from his very first budget in 2015, was to lower the corporate tax.129 For existing companies it was reduced from 30 to 22 percent, and for manufacturing firms incorporated after October 1, 2019 that started operations before March 31, 2023, it was reduced from 25 to 15 percent—the biggest reduction in twenty-eight years. In addition to these tax reductions, the government withdrew the enhanced surcharge on long- and short-term capital gains for foreign portfolio investors as well as domestic portfolio investors.130

Microsoft, Alibaba, and ByteDance, the parent company of TikTok, have all made significant investments in virtual and augmented reality. Their approaches vary, but their goal is the same: to transform entertainment from something we choose, channel by channel or stream by stream or feed by feed, into something we inhabit. In the metaverse, the promise goes, we will finally be able to do what science fiction foretold: live within our illusions. From Megan Garber, 'We've Lost the Plot,' The Atlantic [online], January 30, 2023.

When Walter and Edwin were asked in 1989 by Outstanding Investors Digest, “How would you summarize your approach?” Edwin replied, “We try to buy stocks cheap.” So much for Modern Portfolio Theory, technical analysis, macroeconomic thoughts and complex algorithms.

I knew exactly what was going on, but I unfortunately didn't have a firearm. (Adam have most likely offered someone 6000 Euros, to end this all, then and there. Tomas. 10%) Only a mini baseball bat. A Louisville Slugger. And Martina’s weapon of choice: a broom. The witches’ vehicle. Before I could tell him to go to Hell, a neighbor exited the building and let the stranger claiming to be from the gas company inside. Now the stranger dressed in black was running up the 94 stairs. I could hear his footsteps approaching. I didn't have time to react, grab the biggest knife from the kitchen, and stand by my entrance door. He was already upstairs, right outside my apartment door. He began knocking loudly and aggressively, whether with his metal ring or a lighter. I looked through the peephole, but he had covered it with a black folder, which I soon realized was an iPad. Covering his face. Covering my eyes. The same speech repeated played through the iPad, ensuring that I wouldn't recognize his voice and open the door. „I am from the gas company, looking for Tomas Adam Nyapi.” He kept playing in a prerecorded voice on the iPad outside my door, "Open up", "It's the gas company", and "We are looking for Tomas Adam Nyapi." I was trying to pay attention and make sense of it all, trying to figure out who it could be. But the Catalan girl couldn't keep quiet and yelled at the person in Spanish with her strong Catalan accent, after a minute or two: "Who are you and what do you want? Go away before I call the police!" Suddenly, the stranger began sprinting down the 94 stairs upon realizing that I wasn't alone. In case the reason for his visit wasn't clear enough. He was running so fast that he nearly stumbled, clearly determined to prevent me from catching up with him. I swung open my door and peered down the stairwell, straining my eyes to discern his identity, but the darkness obscured any details in the vertical tunnel below. By the time he reached the bottom of the stairs, I hurried to my loggia to catch a glimpse of him. He was tall and thin, with long legs, and his strides were hurried and distinct, unlike anyone else. Deep inside, I knew it was Mario Larese. Mister Twister. I recognized his movements, but it wasn't until 2023 that I had concrete confirmation. An evidence orgy. Mario had been sent to either spy on me or seek revenge for my closure of the club, with him being responsible for triggering the landslide, the avalanche. The mafia had dispatched Mario to finish what he/they had started. With Adam and the rest of them. Mario. Adam. Nico. Ferran. „The Beatles.” „Plus Yoko.” The Nazi junkies had sent him to deliver the final blow, the fatal shot, the kill. It was Mario who was accountable - the thief, the liar, the "Romanian gypsy." To deliver „The Final Solution”, to sever ties. And keep that 60,000 as well of course. Shortly after the stranger (Mario) had left our address Martina called me on the phone.

If an investor’s entry point into Berkshire stock is unusually high — at a price, say, approaching double book value, which Berkshire shares have occasionally reached — it may well be many years before the investor can realize a profit. In other words, a sound investment can morph into a rash speculation if it is bought at an elevated price. Berkshire is not exempt from this truth.

Throughout the Cold War period, the Soviet Union saw itself as the spearhead of a historical struggle that would lead to a confrontation between the "capitalist" system and "progressive forces." This perception of a permanent and inescapable war led the Soviets to study war in a quasi-scientific way, and to structure this thinking into an architecture of military thought that has no equal in the Western world. The problem with the vast majority of our so-called military experts is their inability to understand the Russian approach to war. It's the result of an approach we've already seen in waves of terrorist attacks — the adversary is so stupidly demonized that we fail to understand his way of thinking. As a result, we are unable to develop strategies, articulate our forces, or even equip them for the realities of war. The corollary of this approach is that our frustrations are translated by unscrupulous media into a narrative that feeds hatred and increases our vulnerability. We are thus unable to find rational and effective solutions to the problem. The way Russians understand conflict is holistic. In other words, they see the processes that develop and lead to the situation at any given moment. This explains why Vladimir Putin's speeches invariably include a return to history. In the West, we tend to focus on the immediate moment X and try to see how it might evolve. We want an immediate response to the situation we see right now. The idea that "from the understanding of how the crisis arose comes the way to resolve it" is totally foreign to the West. In September 2023, an English-language journalist even pulled out the "duck test" for me: "if it looks like a duck, swims like a duck and quacks like a duck, it's probably a duck." In other words, all they need is an image that matches their prejudices to assess a situation.

IRCC Announces Eligible Programs for PGWPs Immigration, Refugees and Citizenship Canada (IRCC) has updated its guidelines regarding the programs eligible for a Post-Graduation Work Permit (PGWP). As of November 1, international graduates applying for a PGWP must meet additional field of study requirements to qualify for this essential work permit. Eligible Fields of Study for PGWPs The eligible fields of study for the PGWP correspond to the occupation-based Express Entry categories introduced by IRCC in 2023. These categories are aligned with national labor market demands and include the following: • Agriculture and Agri-Food • Healthcare • Science, Technology, Engineering, and Mathematics (STEM) • Trade • Transport Eligible programs in these fields are classified using the Classification of Instructional Programs (CIP), a systematic approach to describing and categorizing educational programs in Canada, akin to the National Occupation Classification (NOC) system used for job classification. Below is a summary of selected instructional programs eligible for the PGWP, along with their respective CIP codes: CIP 2021 Title CIP 2021 Code Field of Study Category Agricultural business and management, general 01.0101 Agriculture and agri-food Animal/livestock husbandry and production 01.0302 Agriculture and agri-food Plant nursery operations and management 01.0606 Agriculture and agri-food Animal health 01.0903 Agriculture and agri-food Agronomy and crop science 01.1102 Agriculture and agri-food Special education and teaching, general 13.1001 Healthcare Exercise physiology 26.0908 Healthcare Physical therapy assistant 51.0806 Healthcare Polysomnography 51.0917 Healthcare Cytotechnology/cytotechnologist 51.1002 Healthcare Computer programming/programmer, general 11.0201 STEM Chemical engineering 14.0701 STEM Engineering mechanics 14.1101 STEM Water, wetlands and marine resources management 03.0205 STEM Computer graphics 11.0803 STEM Electrician 46.0302 Trade Heating, air conditioning, ventilation and refrigeration maintenance technology/technician 47.0201 Trade Machine tool technology/machinist 48.0501 Trade Insulator 46.0414 Trade Plumbing technology/plumber 46.0503 Trade Heavy equipment maintenance technology/technician 47.0302 Transport Air traffic controller 49.0105 Transport Truck and bus driver/commercial vehicle operator and instructor 49.0205 Transport Flight instructor 49.0108 Transport Transportation and materials moving, other 49.9999 Transport