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I don't think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in companies in Thailand offers any great safety or diversification. ↗
Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks. ↗
So, all during the '90s and, you know, for the first half of this decade, we had opportunities to get evacuation plans in place, better communications in place. ↗
Adults, in their dealing with children, are insane," he [Ed Ricketts] said. "And children know it too. Adults lay down rules they would not think of following, speak truths they do not believe. And yet they expect children to obey the rules, believe the truths, and admire and respect their parents for this nonsense. Children must be very wise and secret to tolerate adults at all. And the greatest nonsense of all that adults expect children to believe is that people learn by experience. No greater lie was ever revered. And its falseness is immediately discerned by children since their parents obviously have not learned anything by experience. Far from learning, adults simply become set in a maze of prejudices and dreams and sets of rules whose origins they do not know and would not dare inspect for fear the whole structure might topple over on them. I think children instinctively know this," Ed said. "Intelligent children learn to conceal their knowledge and keep free of this howling mania. ↗
