energies quotes
Man found his form and his identity under the action of religious principles and energies; the confusion in which he is losing them cannot be re-ordered by purely human efforts.
It might have been supposed that competition between expert professionals, possessing judgement and knowledge beyond that of the average private investor, would correct the vagaries of the ignorant individual left to himself. It happens, however, that the energies and skills of the professional investor and speculator are mainly occupied elsewhere. For most of these persons are, in fact, largely concerned, not with making superior long-term forecasts of the probable yield on an investment over its whole life, but with foreseeing changes in the conventional bias of valuation a short time ahead of the general public This battle of wits to anticipate the basis of conventional valuation a few months hence, rather than the prospective yield of an investment over a long term of years, does not even require gulls amongst the public to feed the maws of the professional; it can be played by professionals amongst themselves.
It is the man of science, eager to have his every opinion regenerated, his every idea rationalized, by drinking at the fountain of fact, and devoting all the energies of his life to the cult of truth, not as he understands it, but as he does not yet understand it, that ought properly to be called a philosopher.
Webster's New World Dictionary of Quotations Copyright © 2010 by Chambers Harrap Publishers Ltd. All rights reserved. Published by Wiley, Hoboken, NJ. Used by arrangement with John Wiley & Sons, Inc.
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