Single minded to the point of recklessness quote"from my point of view, the investors are the big gamblers."perhaps more to the point for tbtf (too big to fail bank), if a sifi (systemically important financial institution) does fail i have little doubt that private investors will in fact bear the losses--even if this leads to an outcome that is messier and more costly to society than we would ideally like.-- sheikh ahmed zaki yamani, former opec oil minister (we added this quote as sarcasm and for humorous purposes). difference between me and people like murray rothbard is that, though i want to know what my ideal is, i think i also have to be willing to discuss changes that are less than ideal so long as they point me in that direction. and not pointing fingers saying you aint where you wanna be because of him or her or anybody.
The Best Quotes From Eric Hoffer's “The True Believer.” | Johnto make the greatest success it is necessary for the trader to forget entirely his own position in he market, his profits or losses, the relation of present prices to the point where he bought or sold, and to fix his thoughts upon the position of the market.-- wilbur wright, american aviation pioneer, to brother orville, after a disappointing flying experiment, 1901 (their first successful flight was in 1903). aggressive war imposed by the state was brought about not by particular state rulers but by mysterious and arcane 'social forces,' or by the imperfect state of the world -- or if, in some way, everyone was guilty -- then there is no point in anyone's becoming indignant or rising up against such misdeeds." (context of the quote involves the importance of a jury and the jury system). and i saw my stock go kitting up ten points more and i sitting there with my four-point profit safe in my conservative pocket.
"twenty times, in the course of my late reading, have i been on the point of breaking out, 'this would be the best of all possible worlds, if there were no religion in it! in france, the low point was reached during the year 1402, when the minting of money virtually came to an end."there is a point where incompetence becomes so egregious that it is indistinguishable from malice."it is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better."treat all economic questions from the viewpoint of the consumer, for the interests of the consumer are the interests of the human race.
our problem is we used m-1 at one point as the proxy of money, and it turned out to be a very difficult indicator of any financial state.-- from a letter supposedly written by one marcus flavinius, a centurion in the second cohort of the 2nd augusta legion serving overseas,To his cousin, tertullus, in rome, quoted in the prologue of jean larteguys novel, the centurions. by this means each generation can disinherit in part its predecessors heirs; and the project of founding a perpetual fortune must be disappointed in this way, unless the community with conscious deliberation provides against it in some other way, more equitable and more expedient. in the stock market pat wasnt after tips or playing to catch twenty-points-a-week advances, but sure money in sufficient quantity to provide him with a good sense of living.-- carroll quigley (bill clinton's professor at georgetown), "tragedy and hope""bankers: pillars of society who are going to hell if there is a god and he has been accurately quoted.