In the perception of a tree we can distinguish the act of experiencing, or perceiving, from the thing experienced, or perceived.

Both expectations and memories are more than mere images founded on previous experience.

When we come to images or memories or thoughts, speculation, while always closely related to practice, is more explicit, and it is in fact not immediately obvious that such processes can be described in any sense as practical.

... when demand is being destroyed by expensive oil just as expensive oil is incentivising increased production - it should come as no surprise that at some point the markets would react.

The perceptive act is a reaction of the mind upon the object of which it is the perception.

You can mark in desire the rising of the tide, as the appetite more and more invades the personality, appealing, as it does, not merely to the sensory side of the self, but to its ideal components as well.

An expectation is a future object, recognised as belonging to me.