Walter Wriston Quotes - Page 2

• Information is a business in itself. It is also something that has made control impossible ... you cannot get customers to accept prices in one place when they know there's a better deal elsewhere. It's a whole new world.

  Walter Wriston

  World, Information, Impossible

  5 Copy quote

• The information revolution has changed people's perception of wealth. We originally said that land was wealth. Then we thought it was industrial production. Now we realize it's intellectual capital. The market is showing us that intellectual capital is far more important that money. This is a major change in the way the world works. the same thing that happened to the farmers during the Industrial Revolution is now happening to people in industry as we move into the information age.

  Walter Wriston

  Moving, Land, People

  "The Future of Money". Interview with Thomas A. Bass, www.wired.com. October 1, 1996.

  7 Copy quote

• A truly global economy, as opposed to the multinational economy of the recent past, will require concessions of national power ... that seemed impossible a few years ago and which even now we can but partly imagine.

  Walter Wriston

  Past, Years, Impossible

  Walter B. Wriston (1992). “The Twilight of Sovereignty: How the Information Revolution Is Transforming Our World”, Scribner

  4 Copy quote

• If we had a truth-in Government act comparable to the truth-in-advertising law, every note issued by the Treasury would be obliged to include a sentence stating: This note will be redeemed with the proceeds from an identical note which will be sold to the public when this one comes due.

  Walter Wriston

  Government, Law, Would Be

  4 Copy quote

• Risk is not a dirty word.

  Walter Wriston

  Dirty, Risk, Dirty Words

  4 Copy quote

• The Doomsayers have always had their uses, since they trigger the coping mechanism that often prevents the events they forecast.

  Walter Wriston

  Coping Mechanisms, Events, Use

  1986 Risk and Other Four-Letter Words.

  4 Copy quote

• It is a maxim of cryptology that what one man can devise, another can unravel. This principle keeps armies of tax lawyers and accountants employed, but adds nothing to our national productivity.

  Walter Wriston

  Army, Men, Principles

  1986 Risk and Other Four-Letters Words.

  5 Copy quote

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