The correct attitude for a victor who wants to avoid a repetition of a war is to abandon any thought of revenge, however monstrous have been the acts of the defeated.

Doctors insert tubes–catheters–into patients’ veins about 5 million times a year, sometimes with lethal results. A simple checklist has caused the infection rate to plunge.

The investor’s first concern must be to survive; that is, not to lose a lot of money. I mean in real terms, not quotational terms. The market rises and sets all the time. Don’t worry too much about that. So does the sun. Truly losing money is when an asset you own falls apart. That’s […]