I have always been a critic of government policy. I was in government for more than five years. Before that I was a critic. Within the government I was a critic, pushing for reform and always at odds with power brokers within the party.
Wall Street, with its army of brokers, analysts, and advisers funneling trillions of dollars into mutual funds, hedge funds, and private equity funds, is an elaborate fraud.
For you, o broker, there is no other principle but arithmetic. For me, commerce is of trivial import; love, faith, truth of character, the aspiration of man, these are sacred; nor can I detach one duty, like you, from all other duties, and concentrate my forces mechanically on the payment of moneys.
One of the really positive things about minority government is that there is the necessity to broker policy positions. What happens is you get a hybrid of what a single party might do. And I don't think that is a bad thing.
Ron Reagan amazingly qualifies as an honest broker. I asked him if he was a mamas boy and he said no, more of a papas boy. At the same time he was willing to say that his father had many shortcomings and needed to be held accountable.
There is no love-broker in the world can more prevail in man's commendation with woman than report of valor.
Washington was not just a city of marble buildings and smoke-filled rooms and power brokers, but also a town full of people who do care about each other, in good times and bad.
on Broadway money rules. Like a host of vultures, the ticket brokers, the speculators, the craft unions, the agents, the backers, the real estate owners move in on the creative body and take their bite. The world of dreams breathes in an iron lung; and without this mechanical pumping it dies.
Kyoto costs a lot, does nothing to prevent calamity, and pays no compensation in the event of loss. If my insurance broker offered that sort of policy, I would not carry insurance. Instead what my broker offers is a policy that costs a little and pays full compensation in the event of loss. If someone wants to propose that as a policy on global warming, I'm all in favour.
When a Wall Street analyst or broker expresses optimism, investors must take it with a grain of salt.
The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a funny business because on a net basis, the whole investment management business together gives no value added to all buyers combined. That's the way it has to work. Mutual funds charge two percent per year and then brokers switch people between funds, costing another three to four percentage points. The poor guy in the general public is getting a terrible product from the professionals.
People who invest make money for themselves; people who speculate make money for their brokers. And that, in turn, is why Wall Street perennially downplays the durable virtues of investing and hypes the gaudy appeal of speculation.
I'm beginning to wonder about my broker. Yesterday I told him to buy a hundred shares of A.T.&T. He said, 'Would you spell that?'
Ask any real estate broker to name the three most important factors in buying a property, and he'll say: "Location, location, location." Now ask him to name the chief justice of the United States Supreme Court, and he'll say: "Location, location, location." This tells us that we should not necessarily be paying a whole lot of attention to real estate brokers.
The Carlyle Group is the most politically connected investment firm in the world. The company has mastered the art of influence peddling on a global scale, hiring executives and consultants ranging from Republican power broker James Baker and former president George Herbert Walker Bush to foreign leaders like former British prime minister John Major and former Philippine president Fidel Ramos.
I do not respect the Dalai Lama. He's a political power broker. The Dalai Lama is not honorable to me.
If I have something to apologize, I want to be the first one to step up and make that apology. I don't want anyone to broker it for me. I don't want anyone to take the hit for me. If I have anything to apologize for, I'm only human. I'm prone to making mistakes.
Japan should get more involved in mediating disputes between countries and seek to play the role of a peace broker. To make this possible, we must train people so they have a solid understanding of international politics and great negotiation skills.
I'd like to take a motorcycle trip across Europe, maybe even across China. Of course I'd also like to broker a peace agreement between the Israelis and the Palestinians, but it's important to put ceilings on one's ambitions.
Invest less at the end of the month. Brokers tend to push stocks at the end of the month in an effort to match or surpass their previous month's sales.
Never call your broker on Monday. Out of courtesy and common sense, wait until Tuesday. A good broker is focused on the opening of the market - at home and around the world - and on getting back into a business frame of mind after the weekend.
All of Robert Caro's biographies are exceptional, in part because of Caro's fundamental ambivalence about power. He sees its necessity and use for getting things done, even as he is often repelled by watching power at close range. His masterpiece on Robert Moses, The Power Broker, describes the evolution of Moses from idealist to pragmatist as he became one of the most powerful figures in the 20th century.
We never will have any prosperity that is free from speculation till we pass a law that every time a broker or person sells something, he has got to have it sitting there in a bucket, or a bag, or a jug, or a cage, or a rat trap, or something, depending on what it is he is selling. We are continually buying something that we never get from a man that never had it.
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