Finance Quotes - Page 11

• In constant pursuit of money to finance campaigns, the political system is simply unable to function. Its deliberative powers are paralyzed.

  John Rawls

  Political, Campaigns, Pursuit

  John Rawls (2001). “The Law of Peoples: With, The Idea of Public Reason Revisited”, p.140, Harvard University Press

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• It is bad policy to regulate everything... where things may better regulate themselves and can be better promoted by private exertions; but it is no less bad policy to let those things alone which can only be promoted by interfering social power.

  Friedrich List

  May, Social, Exertion

  Friedrich List, William Notz (1931). “Grundlinien einer politischen Ökonomie und andere Beiträge der amerikanischen Zeit: 1825-1832”

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• But, if recent history has taught us anything, it’s that self-regulation doesn’t work in finance, and that worries about reputation are a weak deterrent to corporate malfeasance.

  James Surowiecki

  Taught Us, Self, Worry

  "Bankers Gone Wild" by James Surowiecki, www.newyorker.com. July 30, 2012.

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• The economy is a very sensitive organism.

  Hjalmar Schacht

  Sensitive, Economy, Organisms

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• We cannot both preach and administer financial matters.

  Saint Stephen

  Matter, Financial, Treatment

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• Investing in the market without knowing what stage it is in is like selling life insurance to 20 year olds and 80 year olds at the same premium.

  Victor Sperandeo

  Business, Years, Knowing

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• We didn't actually overspend our budget. The health Commission allocation simply fell short of our expenditure.

  Frank Howard Clark

  Money, Business, Hair

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• In the North, neither greenbacks, taxes, nor war bonds were enough to finance the war. So a national banking system was created to convert government bonds into fiat money, and the people lost over half of their monetary assets to the hidden tax of inflation. In the South, printing presses accomplished the same effect, and the monetary loss was total.

  G. Edward Griffin

  War, Loss, Government

  "The creature from Jekyll Island". Book by G. Edward Griffin, 1994.

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• As Day and other observers had reported, the slaves were leading very comfortable lives. After this tactic [slave rebellions in the South] failed, it became obvious to the conspirators that an actual military invasion was the only solution to their campaign. The merchant bankers of New England, who were directly controlled by the Rothschilds, were no instructed to finance a military attack against the South. Their instrumentality was the already well-known terrorist, John Brown. He was financed by a group famed as "the Secret Six".

  Eustace Mullins

  Military, War, Secret

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• There is no way of keeping profits up but by keeping wages down.

  David Ricardo

  Business, Wages, Way

  David Ricardo, John Ramsay McCulloch (1888). “Works: With a Notice of the Life and Writings of the Author”

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• Investing is an activity of forecasting the yield over the life of the asset; speculation is the activity of forecasting the psychology of the market.

  John Maynard Keynes

  Business, Yield, Psychology

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• Iraq is a very wealthy country. Enormous oil reserves. They can finance, largely finance the reconstruction of their own country. And I have no doubt that they will.

  Richard Perle

  Country, Oil, Iraq

  "Saddam's Ultimate Solution". Interview with James P. Rubin, www.pbs.org. July 11, 2002.

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• Discipline allows you to trade effectively. You can take your ego out of it. You can go wrong 60, 70% of the time and still make a lot of money. If you ignore the discipline of managing risk, you have to be right 80% of the time or more, and I don't know anyone who's that good.

  Larry Rosenberg

  Business, Discipline, Ego

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• The biggest public fallacy is that the market is always right. The market is nearly always wrong. I can assure you of that.

  Jim Rogers

  Business, Fallacy, Always Wrong

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• I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence.

  Paul Volcker

  Business, Giving, Innovation

  "‘Wake up, gentlemen’, world’s top bankers warned by former Fed chairman Volcker" by Patrick Hosking and Suzy Jagger, www.thetimes.co.uk. December 9, 2009.

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• Strengthening the role the United Nations can play...will require serious examination of the need to extend into the international arena the rule of law and the principle of taxation to finance agreed actions which provide the basis for governance at the national level. But this will not come about easily. Resistance to such changes is deeply entrenched. They will come about not through the embrace of full blown world government, but as a careful and pragmatic response to compelling imperatives and the inadequacies of alternatives.

  Maurice Strong

  Law, Play, World Government

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• The reason that minorities and women dont have a better shot at getting elected to the Senate or to statewide office is because the campaign finance rules are so skewed as to make it very difficult for non-traditional candidates to raise the money necessary to get elected.

  Carol Moseley Braun

  Office, Campaigns, Minorities

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• The pornography of violence of course far exceeds, in volume and general acceptance, sexual pornography, in this Puritan land of ours. Exploiting the apocalypse, selling the holocaust, is a pornography. For the ultimate selling job on ultimate violence one must read those works of fiction issued by our government as manuals of civil defense, in which you learn that there's nothing to be afraid of if you've stockpiled lots of dried fruit.

  Ursula K. Le Guin

  Jobs, Business, Acceptance

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• More investment trusts securities were offered in September of 1929 even than in August - the total was above $600 million. However, the nearly simultaneous promotion of Shenandoah and Blue Ridge was to stand as the pinnacle of new era finance. It is difficult not to marvel at the imagination which was implicit in this gargantuan insanity. If there must be madness something may be said for having it on a heroic scale.

  John Kenneth Galbraith

  Blue, August, Imagination

  John Kenneth Galbraith (2009). “The Great Crash 1929”, p.82, Houghton Mifflin Harcourt

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• What you get out of an M.B.A. programme, no matter how much experience, is functional tools and understanding in disciplines: you'll understand economics, you'll understand marketing, finance, accounting. That, M.B.A. programmes do very well.

  Henry Mintzberg

  Discipline, Understanding, Marketing

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• If US per capita income continues to grow at a rate of 1.5 percent a year, the country will have plenty of money to finance comfortable retirements and high-quality healthcare for all citizens, including those at the bottom of the wage ladder.

  William Greider

  Country, Retirement, Years

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• In the deregulated realm of US banking and finance, crime does occasionally pay for its foul deeds, not in prison time but by making modest rebates to the victims.

  William Greider

  Prison Time, Doe, Banking

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• What we now call "finance" is, I hold, an intellectual perversion of what began as warm human love.

  Robert Graves

  Intellectual, Humans, Human Love

  Robert Graves (1965). “Mammon and the black goddess”

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• Debt has become a part of who we are.

  Dave Ramsey

  Money, Debt, Who We Are

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• One cannot expect to coast along and rise automatically to the top, no matter what friends you may have in the company. There may have been a time when, in large corporations, a person could rise simply because he had a stock interest or because he had friends in top management. That's not true today. Success in business requires training and discipline and hard work. But if you're not frightened by these things, the opportunities are just as great today as they ever were.

  David Rockefeller

  Business, Hard Work, Opportunity

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