Charlie Daniels Quotes

Why am I always looking at life through a window?

There are so many doors to open. I am impatient to begin." --Charlie Gordan

Just leave me alone. I'm not myself. I'm falling apart, and I don't want you here.

But I've learned that intelligence alone doesn't mean a damned thing. Here in your university, intelligence, education, knowledge, have all become great idols. But I know now there's one thing you've all overlooked: intelligent and education that hasn't been tempered by human affection isn't worth a damn...Intelligence is one of the greatest human gifts. But all too often a search for knowledge drives out the search for love...Intelligence without the ability to give and receive affection leads to mental and moral breakdown, to neurosis, and possibly even psychosis.

The only question now is: How much can I hang on to?

The answer can't be found in books - or be solved by bringing it to other people. Not unless you want to remain a child all your life. You've got to find the answer inside you - feel the right thing to do. Charlie, you've got to learn to trust yourself

The more intelligent you become the more problems you’ll have, Charlie.

All the barriers were gone. I had unwound the string she had given me, and found my way out of the labyrinth to where she was waiting. I loved her with more than my body.

Because I want to see. I've got to know what's going to happen while I'm still enough in control to be able to do something about it.

I may not have all the time I thought I had...

Downhill. Thoughts of suicide to stop it all now while I am still in control and aware of the world around me. But then I think of Charlie waiting at the window. His life is not mine to throw away. I've just burrowed it for a while, and now I'm being asked to return it.

And then I realize what Charlie's problem with Daniel is. He hates that Daniel doesn't hate himself. For all his uncertainties, Daniel is still more comfortable in his skin than Charlie will ever be in his.

On the Ideal Business - Buffett: “Something that costs a penny, sells for a dollar and is habit forming.

You want these back, don't you? You want me out of here so you can come back and take over where you left off. I don't blame you. It's your body and your brain-and your life, even though you weren't able to make much use of it. I don't have the right to take it away from you. Nobody does. Who's to say that my light is better than your darkness? Who's to say death is better than your darkness? Who am I to say?...

Here look at me. I'm Charlie, the son you wrote off the books? Not that I blame you for it, but here I am, all fixed up better than ever. Test me. Ask me questions. I speak twenty languages, living and dead; I'm a mathematical whiz, and I'm writing a piano concerto that will make them remember me long after I'm gone.

The feeling of cold grayness was everywhere around me-a sense of resignation. There had been no talk of rehabilitation, of cure, of someday sending these people out into the world again. No one had spoken of hope. The feeling was of living death-or worse, of never having been fully alive and knowing. Souls withered from the beginning, and doomed to stare into the time and space of every day.

No, you don't understand because it isn't happening to you, and no one can understand but me. I don't blame you. You've got your job to do, and your Ph.D. to get, and-oh, yes don't tell me, I know you're in this largely out of love of humanity, but you've got your life to live and we don't happen to belong on the same level. I passed your floor on the way up, nad now I'm passing it on the way down, and I don't think I'll be taking this elevator again. So let's just say good-bye here and now.

If investors only had to study the past, the richest people would be librarians.

Strauss again brought up my need to speak and wrtie simply and directly so that people will understand me. He reminds me that language is sometimes a barrier instead of a pathway. Ironic to find myself on the other side of the intellectual fence.

The most important thing had always been what other people thought-appearances before herself or her family. And righteous about it. Time and again Matt had insisted that what others thought about you wasn't the only thing in life. But it did no good. Norma had to dress well; the house had to have fine furniture; Charlie had to be kept inside so that other people wouldn't know anything was wrong.

I may soon be coming to Warren, tos pend the rest of my life with the others...waiting.

After you have enough for daily life, all that matters is your health and those you love.

He wished me luk. I hope I have luk. I got my rabits foot and my luky penny and my horshoe. Dr Strauss said dont be so superstishus Charlie. This is sience. I dont know what sience is but they all keep saying it so maybe its something that helps you have good luk.

If I didn't understand what was happening at the time, he says, then it doesn't matter. I'm no more to blame than the knife is to blame in a stabbing, or the car in a collision. "But I'm not an inanimate object," I argued. "I'm a person." He looked confused for a moment and then laughed. "Of course, Charlie. But I wasn't referring to now. I meant before the operation." Smug, pompous—I felt like hitting him too. "I was a person before the operation. In case you forgot—" "Yes, of course, Charlie. Don't misunderstand. But it was different..." And then he remembered that he had to check some charts in the lab.

Yet the industry asks for more money from investors every year. The idea is to find investments that give you money, not take it.

The more intelligent you become the more problems you’ll have, Charlie. Your intellectual growth is going to outstrip your emotional growth.

The right manager can have an absolutely huge impact. Find people with brains, energy and integrity,

Unlike Charlie, I was incapable of making friends or thinking about other people and their problems. I was interested in myself, and myself only. Fr one long moment in that mirror I had seen myself through Charlie's eyes - looked down at myself and saw what I had really become. And I was ashamed.

but what they don't understand is that I'm living at a peak of clarity and beauty I never knew existed. Every part of me is attuned to the work. I soak it up into my pores during the day, and at night-in the moments before I pass off to sleep-ideas explode into my head like fireworks. There is no greater joy than the burst of solution to a problem.

If there was ever a president who could be called our Charlie Browniest, it would be Andrew Johnson.

Value is what a business is worth. Price is what you have to pay to get it.

Ben Franklin’s advice: “Keep your eyes wide open before marriage and half shut thereafter.

Am I a genius? I don't think so. Not yet anyway. As Burt would put it, mocking the euphemisms of educational jargon, I'm exceptional-a democratic term used to avoid the damning labels of gifted and deprived (which used to mean bright and retarded) and as soon as exceptional begins to mean anything to anyone they'll change it. The idea seems to be: use an expression only as long as it doesn't mean anything to anybody. Exceptional refers to both ends of the spectrum, so all my life I've been exceptional.

One of Buffett’s annual themes is the value of learning. He noted that life properly lived is learning, learning, learning all the time. He observed that being wrong is when he learns the most.

And other times there would be tenderness and holding-close liek a warm bath, and hands stroking my hair and brow, and the words carved about the cathedral of my childhood: 'He's like all the other children. He's a good boy.

My studies are going well. The university library is my second home now. They've had to get me a private room because it takes me only a second to absorb the printed page, and curious students invariably gather around me as I flip through my books.

what’s wrong with a person wanting to be more intelligent, to acquire knowledge, and understand himself and the world?” “If you’d read your Bible, Charlie, you’d know that it’s not meant for man to know more than was given to him to know by the Lord

Goodby Miss Kinnian and dr Strauss and evrybody ... P.S. please tel prof Nemur not to be such a grouch when pepul laff at him and he woud have more frends. Its easy to have frends if you let pepul laff at you. Im going to have lots of frends where I go. P.S. please if you get a chanse put some flowrs on Algernons grave in the bak yard

The Devil went down to Georgia, he was lookin' for a soul to steal. He was in a bind, 'cos he was way behind; he was willing to make a deal.

Holy smoke I reely pulled a Charlie Gordon that time.

We’d buy great businesses with excellent management at a fair to bargain price and leave them alone.

—Cuanto más inteligente te vuelvas, más problemas tendrás, Charlie.

Munger claimed that it is because professors are so enamored by modern portfolio theory. For the man with a hammer, every problem looks like a nail.

Tom Murphy, CEO of Capital Cities/ABC and considered by Buffett to be the best business manager in the country, prays every day to be humble.

Buffett continued, saying that MPT has no utility. It is elaborate with lots of little Greek letters to make you feel you are in the big leagues. The

Munger noted that high profits on capital often rely on information inefficiencies.

Buffett pointed out that when the investment tide goes out, you will see who has been swimming naked.

Are you content? If so, you can afford to ignore the condemnation of the crowd.

Você não pode construir um novo edifício em uma área até destruir o que existia antes, e o antigo Charlie não pode ser destruído. Ele existe.

I ain't askin' nobody for nothin'....so just leave this long haired country boy alone.

Buffett gave two criteria for evaluating the performance of management: 1) How well do they run the business? and 2) How well do they treat the owners?

The danger of relying on historical statistics or formulas is that you end up betting on a 14-year-old horse with a great record but is now ready for the glue factory.

Buffett noted that he likes to put a lot of money in things he feels strongly about. Diversification makes no sense for someone who knows what they are doing.

There are essentially five things public corporations can do with a dollar earned: reinvest in the business, acquire other businesses or assets, pay down debt, pay dividends, and/or buy in shares. Deciding

Charlie and Daniel think money and happiness are not related. They don't know what poor is. They don't know that poverty is a sharp knife carving away at you. They don't know what it does to a body. To a mind.

In modern portfolio theory, beta is used as a measure of the volatility and, thus, the risk of an investment. However, Buffett sees the use of beta as nonsense, emphatically stating, “Volatility is no measure of risk to us.

Buffett also noted that book value is seldom meaningful in analyzing the value of a business. Book value simply records what was put into the business. The key to calculating value is determining what will come out of the business.

He laughed and then he got up from his chair and went to the window. "The more intelligent you become the more problems you'll have, Charlie. Your intellectual growth is going to outstrip your emotional growth. And I think you'll find that as you progress, there will be many things you'll want to talk to me about. I just want you to remember that this is the place for you to come when you need help.

Seeing Charlie huddled beneath the covers I wish I could give him comfort, explain to him that he has done nothing wrong, that it is beyond him to change his mother's attitude back to what it was before his sister came. There on the bed, Charlie did not understand what they were saying, but now it hurts. If I could reach out into the past of my memories, I would make her see how much she was hurting me.

The more intelligent you become the more problems you'll have, Charlie

Dr Strauss said dont be so superstishus Charlie. This is sience. I dont no what sience is but they all keep saying it so mabye its something that helps you have good luk.

The moat represents a barrier to competition and could be low production costs, a trademark, or an advantage of scale or technology.

Every year Buffett explains that he wants Berkshire to have great long-term shareholders and that splitting the stock would only work against that.

So instead of copying, understand why they made the decisions they did. Then apply those insights to your own decisions and your own position.

good quality corporate bonds yielding 10% or better with great call protection.

In thinking about markets, it is important to remember that markets are there to serve you, not instruct you.

With imports exceeding exports, the world is doing the savings for us. China, with a much higher savings rate, will grow faster than us, and it probably needs to do so.

automatically compound. If you need cash, you can sell stock and pay capital gains tax at a lower rate than a dividend would be taxed.

one key element of a wonderful business: the cost structure.

For his successor, Buffett emphasized that proven capital allocation abilities would be the key.

Buffett chimed in that running a budget deficit of 10% of GDP is not sustainable.

Both Buffett and Munger are betting on higher, and maybe a lot higher inflation in the years to come.

Yet he knew that stocks would be better than bonds or cash over the long run.

Warren recommended doing what turns you on. Munger agreed, saying he’d never done anything really well that he didn’t like to do.

The key to calculating value is determining what will come out of the business.

The valuation picture is very much affected by our zero-based interest rate structure. Clearly, stocks are worth far more when government bonds yield 1% than when they yield 5%.

Buffett concluded that you can learn a lot about the durability of the economics of a business by observing price behavior.

Diversification is a protection against ignorance, a confession that you do not know the businesses you own.

It is much easier to pick the relative strength of Coca-Cola than it is to pick a winner in software.

Buffett’s formula for happiness is simple: “Do what I like with people I like.” He noted that he learned early in life that his favorite employer was himself. It avoids aggravation.

With artificial intelligence, Buffett observed that more change will be coming. Almost certainly it will cause less employment in certain areas while being good for society overall.

Buffett chimed in that most buybacks are done at any price, which makes no sense. Very rarely do you see metrics to govern the prices paid. Buybacks above intrinsic value destroy value.

Buffett wanted to make sure that Nebraska got their sales tax. He was adamant about making sure that Berkshire paid—not more taxes than it had to, but the taxes that it was responsible for.

At the same time, he held firm that it doesn’t serve to make decisions in anger. He quoted Berkshire board member Tom Murphy: “You can always tell a man to go to hell tomorrow if it’s such a good idea.

Door’s open!” she shouted. She was in her underwear, lying on the floor, arms outstretched and legs up against the couch. She tilted her head back and looked at me upside down. “Charlie, darling! Why are you standing on your head?

Charlie Polard was a former news anchor, now field reporter, whose star had been falling rapidly the past year. Consequently, his constant need to use Jack Daniels as his career coach had caused him to nearly miss several assignments.

As Munger put it, “Basically, we’re a hedgehog that knows one big thing. If you generate float at 3% per annum and buy businesses that earn 13% per annum with the proceeds of that float, we have figured out that’s a pretty good position to be in.

occasional outbreaks of those two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing of these epidemics will be unpredictable. And the market aberrations produced by them will be equally unpredictable, both as to duration and degree. Therefore, we never try to anticipate the arrival or departure of either disease. Our goal is more modest: we simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. As

He said he doesn’t really care whether they’re buying into raw-material-intensive businesses, people-intensive businesses or capital-intensive businesses. The key is to understand a company’s costs and why it’s got a sustainable edge against its competitors.

Thoughts of suicide to stop it all now while I am still in control and aware of the world around me. But then I think of Charlie waiting at the window. His life is not mine to throw away. I've just borrowed it for a while, and now I'm being asked to return it.

As a value investor, your ideal situation is to find a company increasing its intrinsic value. Ideally, the company would be one with a declining stock price, thus creating an even better bargain as time unfolds. No one has employed these principles more effectively than Buffett and Munger.

The best protection against inflation, according to Buffett, is your own earning power. If you constantly increase your earning power, you’ll be sure to get your share of the economic pie. The next best thing is to own wonderful businesses, especially those that have low capital requirements.

I have often reread my early progress reports and seen the illiteracy, the childish naivete, the mind of low intelli­gence peering from a dark room, through the keyhole, at the dazzling light outside. In my dreams and memories I've seen Charlie smiling happily and uncertainly at what people around him were saying. Even in my dullness I knew I was inferior. Other people had something I lacked— something denied me. In my mental blindness, I had be­lieved it was somehow connected with the ability to read and write, and I was sure that if I could get those skills I would have intelligence too. Even a feeble-minded man wants to be like other men.

Seeing Charlie huddled beneath the covers I wish I could give him comfort, explain to him that he has done nothing wrong, that is beyond him to change his mother's attitude back to what it was before his sister came. There on the bed, Charlie did not understand what they were saying, but now it hurts. If I could reach out into the past of my memories, I would make her see how much she was hurting me.

Nevertheless, their dishonesty upset Buffett. They were trying to chisel him out of 12.5 cents per share. So Buffett went the other way and started buying increasingly more shares of Berkshire until he took control. He then booted out the guy who had tried to chisel him out. In 1964, Warren Buffett took control of that small New England textile firm, and it became his new base for making investments.

While reading, you may wonder, If Berkshire got out of the market, shouldn’t I do the same? or If Berkshire bought it, should I buy it too? Buffett and Munger are clear in their advice—people should learn from them and model their advice rather than copy their behavior. The main reason is this: Unless you find yourself in the enviable position that Berkshire operates in, you would do well not to copy its moves.

In a fascinating digression, Buffett noted that “the fact that you are being obsoleted does not mean you should go into the successor business.” As an example, he explained that if you were a person of vision in the passenger train business in 1930, you might have seen the coming of the airplane. But the answer was not to get into the airline business, which is a terrible business. The answer was to get out of the passenger business altogether.

For months beforehand, I fielded calls from British media. A couple of the reporters asked me to name some British chefs who had inspired me. I mentioned the Roux brothers, Albert and Michel, and I named Marco Pierre White, not as much for his food as for how—by virtue of becoming an apron-wearing rock-star bad boy—he had broken the mold of whom a chef could be, which was something I could relate to. I got to London to find the Lanesborough dining room packed each night, a general excitement shared by everyone involved, and incredibly posh digs from which I could step out each morning into Hyde Park and take a good long run around Buckingham Palace. On my second day, I was cooking when a phone call came into the kitchen. The executive chef answered and, with a puzzled look, handed me the receiver. Trouble at Aquavit, I figured. I put the phone up to my ear, expecting to hear Håkan’s familiar “Hej, Marcus.” Instead, there was screaming. “How the fuck can you come to my fucking city and think you are going to be able to cook without even fucking referring to me?” This went on for what seemed like five minutes; I was too stunned to hang up. “I’m going to make sure you have a fucking miserable time here. This is my city, you hear? Good luck, you fucking black bastard.” And then he hung up. I had cooked with Gordon Ramsay once, a couple of years earlier, when we did a promotion with Charlie Trotter in Chicago. There were a handful of chefs there, including Daniel Boulud and Ferran Adrià, and Gordon was rude and obnoxious to all of them. As a group we were interviewed by the Chicago newspaper; Gordon interrupted everyone who tried to answer a question, craving the limelight. I was almost embarrassed for him. So when I was giving interviews in the lead-up to the Lanesborough event, and was asked who inspired me, I thought the best way to handle it was to say nothing about him at all. Nothing good, nothing bad. I guess he was offended at being left out. To be honest, though, only one phrase in his juvenile tirade unsettled me: when he called me a black bastard. Actually, I didn’t give a fuck about the bastard part. But the black part pissed me off.

Basically, Graham breaks the art of investing down into two simple variables – price and value. Value is what a business is worth. Price is what you have to pay to get it. Given the stock market’s manic-depressive behavior, numerous occasions arise where a business’ market price is distinctly out of line with its true business value. In such instances, an investor may be able to purchase a dollar of value for just 50 cents. Note that there is no mention here of interest rates, economic forecasts, technical charts, market cycles, etc. The only issues are price and value. I should also note that Graham emphasizes a large margin of safety. The strategy is not to buy a dollar of value for 97 cents. Rather, the gap should be dramatic so as to absorb the effects of miscalculation and worse-than-average luck.

Buffett declared the best inflation hedge is a company with a wonderful product that requires little capital to grow. As a test, he invited each of us to look at our own earning ability. In inflation, your compensation can go up without any additional investment. As a business example, Buffett noted that when See’s Candy was purchased in 1971, it had the revenues of $25 million and sold 16 million pounds of candy annually with $9 million in tangible assets. Today, See’s sells $300 million of candy with $40 million of tangible assets. Berkshire needed to invest only $31 million to generate a more than 10-fold increase in revenues. In aggregate, Buffett noted that Berkshire has earned $1.5 billion in profits at See’s over the years. See’s inventory turns fast, has no receivables and has little fixed investment – a perfect inflation hedge. Buffett allowed that if you have tons of receivables and inventory, that’s a lousy business in inflation. The railroad and MidAmerican Energy both have these undesirable characteristics, but that is offset by their utility to the economy and subsequent allowable returns. Buffett rued that there simply aren’t enough “See’s Candys” to buy. Buffett added that being an investor has made him a better businessman and that being a businessman has made him a better investor.(125) Munger noted that they didn’t always know this inflation-business element, which shows how continuous learning is so important.