What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so.
We should never lose sight of the underlying essence of a market-a place where buyers and sellers come together. Every other feature-whether crafted by tradition or technology-exists only to serve that primary purpose.
Nobody beats the market, they say. Except for those of those of us who do.
Mr. Greenspan did a very good job in the early 1990's. But recently he's fallen prey to this crazy theory that prosperity causes inflation. So they're trying to slow the economy down by raising interest rates. It's like a doctor saying you're in great health, so we have to make you sick a little bit. It's a bizarre theory. It's going to hurt our economy.
The money-changers have fled from their high seats in the temple of our civilization. We may now restore that temple to the ancient truths.
Americans cannot escape a certain responsibility for what is done in our name around the world. In a democracy, even one as corrupted as ours, ultimate authority rests with the people. We empower the government with our votes, finance it with our taxes, bolster it with our silent acquiescence. If we are passive in the face of America's official actions overseas, we in effect endorse them.
That economics and finance are often covered as technical subjects, sort of boring subjects, and either you already know a lot about it and you follow it, or you don't know much about it and you don't want to know.
I'm very lucky to be able to work in print and radio. I'm very lucky to be able to work at a time when finance and economics are really important. And the number of people who tell finance and economic stories in a kind of accessible storytelling way, there's much more demand than there is supply.
High finance isn't burglary or obtaining money by false pretenses, but rather a judicious selection from the best features of those fine arts.
I'm a Christian. Years ago, I went broke, so I decided to run every part of my life according to the Bible. It sounds hokey, but it works. You run your marriage that way, and it works. It will work with business, too, and finances. Treat people like you want to be treated.
While there are many obstacles that deter students from going to college, finances by no means should be the deciding factor.
Progress is cumulative in science and engineering, but cyclical in finance.
Ideas, knowledge, art, hospitality, travel - these are things which should in their nature be international. But let goods be homespun whenever it is reasonably and conveniently possible and above all let finance be primarily national.
If some lose their whole fortunes, they will drag many more down with them . . . believe me that the whole system of credit and finance which is carried on here at Rome in the Forum, is inextricably bound up with the revenues of the Asiatic province. If Those revenues are destroyed, our whole system of credit will come down with a crash.
Mobile phone technology can help to bring financial services to the 80 percent of African women who do not have a bank account and bolster the growth of the world's poorest continent. It's not just about empowering women, it's about economic growth. Unless we can make access to finance easier for women in their businesses, we will be missing out on a significant portion of growth within our economies
Government is contemptuous of true religion when it confiscates the taxes of Caesar to finance the things of God.
An MBA is a great degree for career paths like investment banking, finance, consulting, and large companies. An MBA is not necessarily the right path for starting a tech company. You should be building a prototype, not getting an MBA in that case.
I hire people who can do their jobs and who will advise me of things they don't agree with. The worst thing you can do is get in a room with 14 people who say, "OK!" Then you really are making decisions about engineering and finance and other areas.
I feel very strongly that history is about everything. It isn't just about politics or the military or social issues. If art, music, engineering, science, medicine, finance, the world of architecture and technology - if those are left out, then you're not getting a full sense of the human condition. History is human and we human beings are involved in all kinds of things and that's part of our humanity.
When I first moved to Los Angeles I came down there on a wing and a prayer in a way. I had about six weeks worth of money to make it there and that was just from doing a couple of episodes of the X-Files just to finance that trip. I got there and it is either you got to hit it or you got to go and, thankfully, I found a job.
The bottom line is that if politicians weren't in the business of granting favors and exacting tribute, every single issue surrounding campaign finance reform would be irrelevant. After all, why would anyone spend money for influence, access, favors and tribute if the only thing that politicians do is to live up to their oaths to uphold and defend the Constitution?
Submitting self to God is the only real freedom-because the deepest slavery is self-dependence, self-reliance. When you live your life believing that everything (family, finances, relationships, career) depends primarily on you, you're enslaved to your strengths and weaknesses. You're trying to be your own savior. Freedom comes when we start trusting in God's abilities and wisdom instead of our own. Real life begins when we transfer our trust from our own efforts to the efforts of Christ.
Form follows finances instead of function.
By the aristocracy of finance must here be understood not merely the great loan promoters and speculators in public funds, in regard to whom it is immediately obvious that their interests coincide with the interests of the state power. All modern finance, the whole of the banking business, is interwoven in the closest fashion with public credit.
For many years, we have had these campaign finance reforms, and they have been failures. Money is more coursing through our system than ever before. Incumbents have used the laws to advantage themselves. And one of the reasons I think they have been failures is we have tried to crush down the money in places like the political parties, and it has squished out into opaque super PACs and sort of hidden channels.
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