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Anger and hatred cannot bring harmony. The noble task of arms control and disarmament cannot be accomplished by confrontation and condemnation. Hostile attitudes only serve to heat up the situation, whereas a true sense of respect gradually cools down what otherwise could become explosive. We must recognize the frequent contradictions between short-term benefit and long-term harm.
Some of the best trades come when everyone gets very panicky. The crowd can often act very stupidly in the markets. You can picture price fluctuations around an equilibrium level as a rubber band being stretched — if it gets pulled too far, eventually it will snap back. As a short-term trader, I try to wait until the rubber band is stretched to its extreme point.
The fact that, with time, this League [of Nations]-which was presumably designed by its founders to exist for all eternity-cannot be coupled with a Treaty the short term of which is inherent in its own weaknesses and impracticabilities, is a point which can perhaps be contested by today’s interested parties, but which will one day be deemed a matter of course in history.
We are the first atheistic and global, all-embracing civilization. You cannot tell whether you are sitting at an airport in Hong Kong or in a hotel in Alaska. Everything is instrumentalized, subjected to a short-term purpose. It is quite possible that in such a situation any sense of a deeper meaning gets lost.