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Edward R. Murrow

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We hardly need to be reminded that we are living in an age of confusion — a lot of us have traded in our beliefs for bitterness and cynicism or for a heavy package of despair, or even a quivering portion of hysteria. Opinions can be picked up cheap in the market place while such commodities as courage and fortitude and faith are in alarmingly short supply.

 
Edward R. Murrow

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The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in political economy, and has been the source of much error in that science.

 
David Ricardo
 

There is another way, if you have the courage.
The first I could describe in familiar terms
Because you have seen it, as we all have seen it,
Illustrated, more or less, in lives of those about us.
The second is unknown, and so requires faith —
The kind of faith that issues from despair.
The destination cannot be described;
You will know very little until you get there;
You will journey blind. But the way leads towards possession
Of what you have sought for in the wrong place.

 
Thomas Stearns (T. S.) Eliot
 

Men who are sincere in defending their freedom, will always feel concern at every circumstance which seems to make against them; it is the natural and honest consequence of all affectionate attachments, and the want of it is a vice. But the dejection lasts only for a moment; they soon rise out of it with additional vigor; the glow of hope, courage and fortitude, will, in a little time, supply the place of every inferior passion, and kindle the whole heart into heroism.

 
Thomas Paine
 

Belief in God and a future life makes it possible to go through life with less of stoic courage than is needed by skeptics. A great many young people lose faith in these dogmas at an age at which despair is easy, and thus have to face a much more intense unhappiness than that which falls to the lot of those who have never had a religious upbringing. Christianity offers reasons for not fearing death or the universe, and in so doing it fails to teach adequately the virtue of courage. The craving for religious faith being largely an outcome of fear, the advocates of faith tend to think that certain kinds of fear are not to be deprecated. In this, to my mind, they are gravely mistaken. To allow oneself to entertain pleasant beliefs as a means of avoiding fear is not to live in the best way. In so far as religion makes its appeal to fear, it is lowering to human dignity.

 
Bertrand Russell
 

When I was a young man working 14 hour days, I traded using outrageous and terrifying leverage. I was either very lucky, very smart or very dumb. That’s what terrifies people about commodities. Commodities themselves are no riskier than stocks. A stock on margin has more risk than a commodity fully paid for. It’s all about the degree of leverage.

 
Jim Rogers
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