Investing Quotes - Page 25

• Time and space are not conditions of existence, time and space is a model for thinking

  Albert Einstein

  Thinking, Space, Existence

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• It is impossible for us, with our limited means, to attempt to educate the body of the people. We must at present do our best to form a class who may be interpreters between us and the millions whom we govern.

  Thomas B. Macaulay

  Mean, Class, People

  "Minute by the Hon'ble T. B. Macaulay, dated the 2nd February 1835". "Bureau of Education. Selections from Educational Records, Part I (1781-1839)" edited by H. Sharp, Reprint. Delhi: National Archives of India, www.columbia.edu. 1965.

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• In all the new states of the Union, land monopolization has gone on at an alarming rate, but in none of them so fast as in California, and in none of them, perhaps, are the evil effects so manifest.

  Henry George

  Land, California, Evil

  Henry George (1871). “Our Land and Land Policy, National and State”, p.13

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• Government means always coercion and compulsion and is by necessity the opposite of liberty. Government is a guarantor of liberty and is compatible with liberty only if its range is adequately restricted to the preservation of economic freedom. Where there is no market economy, the best-intentioned provisions of constitutions and laws remain a dead letter.

  Ludwig von Mises

  Mean, Government, Law

  Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

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• Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That's not a statement, it's a definition.

  Milton Friedman

  Unemployment, Wages, Minimum Wage

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• What we've done last night is what I call pushing back the risks..If there is a risk in a bank, our first question should be 'Okay, what are you in the bank going to do about that? What can you do to recapitalise yourself? If the bank can't do it, then we'll talk to the shareholders and the bondholders, we'll ask them to contribute in recapitalising the bank, and if necessary the uninsured deposit holders.

  Jeroen Dijsselbloem

  Night, Risk, Pushing Back

  "After Cyprus, eurozone faces tough bank regime - Eurogroup head" by Luke Baker, uk.reuters.com. March 25, 2013.

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• In any bureaucratic organization there will be two kinds of people: those who work to further the actual goals of the organization, and those who work for the organization itself. Examples in education would be teachers who work and sacrifice to teach children, vs. union representative who work to protect any teacher including the most incompetent. The Iron Law states that in all cases, the second type of person will always gain control of the organization, and will always write the rules under which the organization functions.

  Jerry Pournelle

  Teacher, Children, Writing

  "The View From Chaos Manor". Jerry Pournelle's blog, www.jerrypournelle.com. April 3, 2006.

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• The definition of a Dark Age is that we no longer remember what we once could do.

  Jerry Pournelle

  Dark, Age, Definitions

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• Finally, in our progress toward a resumption of work we require two safeguards against a return of the evils of the old order: there must be a strict supervision of all banking and credits and investments; there must be an end to speculation with other people's money, and there must be provision for an adequate but sound currency.

  Franklin D. Roosevelt

  Order, Two, People

  First Inaugural Address, Delivered 4 March 1933

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• The more I think about the human suffering in our world and my desire to offer a healing response, the more I realize how crucial it is not to allow myself to become paralyzed by feelings of helplessness and guilt. More important than ever is to be very faithful to my vocation to do well the few things I am called to do and hold on to the joy and peace they bring me. I must resist the temptation to let the forces of darkness pull me into despair and make me one more of their many victims.

  Henri Nouwen

  Healing, Thinking, Our World

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• Diversity is essential to happiness and in Utopia there is hardly any. This is a defect in all planned social systems.

  Bertrand Russell

  Diversity, Essentials, Utopia

  Bertrand Russell (2013). “History of Western Philosophy: Collectors Edition”, p.421, Routledge

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• I conceive, therefore, that a somewhat comprehensive socialisation of investment will prove the means of securing an approximation to full employment.

  John Maynard Keynes

  Mean, Employment, Investment

  John Maynard Keynes (2006). “General Theory Of Employment , Interest And Money”, p.346, Atlantic Publishers & Dist

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• Self-importance requires spending most of one's life offended by something or someone.

  Carlos Castaneda

  Self, Juan, Spending

  Carlos Castaneda (2009). “The Wheel Of Time: The Shamans Of Mexico Their Thoughts About Life De”, p.230, Simon and Schuster

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• The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century.

  Laurence Kotlikoff

  Running, Country, Past

  "US 'could be going bankrupt'" by Edmund Conway, www.telegraph.co.uk. July 14, 2006.

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• If, instead of playing the horses, an individual chooses to play the market, that is his own affair. Only he must understand that speculating in stocks is gambling, not investing.

  Catherine Crook de Camp

  Horse, Gambling, Play

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• The key to making money in angel investing is saying no. You meet with 100 companies and say no to 99 of them.

  Kevin Rose

  Angel, Keys, Saying No

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• We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we have these filters.

  Warren Buffett

  Filters, Seconds

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• My advice to this investor is the same that I give to the young investors in my classes Devote the same earnest attention to investing that $50,000 as you devoted to earning it.

  Ivan Boesky

  Earning It, Class, Giving

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• Long ago, Ben Graham taught me that "Price is what you pay; value is what you get." Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.

  Warren Buffett

  Long Ago, Buffets, Taught

  Berkshire Hathaway Inc. Chairman's Letter, 2008.

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• Wall Street is littered with the bones of those who knew just what to do, but could not bring themselves to do it.

  William J. Bernstein

  Wall, Bones, Streets

  William J. Bernstein (2009). “The Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between”, John Wiley & Sons

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• The deeper one delves, the worse things look for actively managed funds.

  William J. Bernstein

  Looks, Deeper, Fund

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• The more cash that builds up in the treasury, the greater the pressure to piss it away.

  Peter Lynch

  Cash, Pressure, Treasury

  Peter Lynch (2012). “One Up On Wall Street: How To Use What You Already Know To Make Money In”, p.205, Simon and Schuster

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• The more people who believe something, the more apt it is to be wrong. The person who's right often has to stand alone.

  Soren Kierkegaard

  Believe, People, Stand Alone

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• A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional and orthodox way along with his fellows, so that no one can really blame him. It is necessarily part of the business of a banker to maintain appearances, and to confess a conventional respectability, which is more than human. Life-long practices of this kind make them the most romantic and the least realistic of men.

  John Maynard Keynes

  Men, Practice, Long

  "The Consequences to the Banks of the Collapse of Money Values" (1931)

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• ... Any pension fund manager who doesn't have the vast majority-and I mean 70% or 80% of his or her portfolio-in passive investments is guilty of malfeasance, nonfeasance or some other kind of bad feasance!

  Merton Miller

  Mean, Majority, Portfolios

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