Steadfast FinancesThought Provoking Finance Quotes

Thought Provoking Quotes

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Doubt is our product.

— Brown & Williamson Tobacco Company, internal memo, 1969.

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Logic will get you from A to B. Imagination will take you everywhere.

— Albert Einstein

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Paradoxically, you don’t lead with the facts in order to convince. You lead with the values—so as to give the facts a fighting chance.

— Chris Mooney, The Science of Why We Don’t Believe Science

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Any society that would give up a little liberty to gain a little security will deserve neither and lose both.

— Benjamin Franklin

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Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.

— Kenneth Boulding

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Every attempt to make war easy and safe will result in humiliation and disaster.

— General William Tecumseh Sherman

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You know what the definition of an investor? It is a trader who is underwater. People say they hold to maturity until they get scared and sell.

— Jeff Gundlach

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There are a thousand hacking at the branches of evil to one who is striking at the root.

— Henry David Thoreau

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Those who make peaceful revolution impossible will make violent revolution inevitable.

— John F. Kennedy

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Genius begins great works; labour alone finishes them.

— Joseph Joubert

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Nothing is worse than active ignorance.

— Johann Wolfgang von Goethe

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Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.

— Albert Einstein

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There can be no effective control of corporations while their political activity remains. To put an end to it will be neither a short nor an easy task, but it can be done … Corporate expenditures for political purposes, and especially such expenditures by public-service corporations, have supplied one of the principal sources of corruption in our political affairs.

— Theodore Roosevelt

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It’s ironic that in a capitalist society, we say that if people act like capitalists [ strategically default on one's debt] that society will fall apart.

— Professor Brent White

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Survival is not possible if one approaches his environment … with a fixed, unchangeable point of view–the witless repetitive response to the unperceived.

— Marshall McLuhan

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Speaking the truth in times of universal deceit is a revolutionary act.

— George Orwell

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Public Opinion… an attempt to organize the ignorance of the community, and to elevate it to the dignity of physical force.

— Oscar Wilde

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Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece.

— Ralph Charell

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Though it is likely for the current loose monetary policy to postpone the occurrence of difficulties, yet in the long run, it [quantitative easing] will be proven to be a practice resembling drinking poison to quench thirst.

— Dagong Global Credit Rating Company, a Beijing-based credit ratings agency

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You can’t be short a market where the Fed is saying “we’ll do whatever it takes to hold up every asset class.”

— Barry Ritholtz

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Mortgage Backed Securities are America’s Herpes – the gift that keeps on oozing.

— Gonzalo Lira

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Ignorance more frequently begets confidence than does knowledge: it is those who know little, and not those who know much, who so positively assert that this or that problem will never be solved by science.

Charles Darwin

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I can calculate the motion of heavenly bodies, but not the madness of people.

— Isaac Newton

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Nothing is so firmly believed as that which we least know.

— Michel de Montaingne

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The ultimate result of shielding men from the effects of folly, is to fill the world with fools.

— Herbert Spencer

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The creation of new investment products has nothing to do with investing. It’s done primarily to separate you from your money.

— Dan Solin

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If you have an avalanche who cares what snow flake started it, what you care about is the instability of the mountainside. The Flash Crash was the warning, I don’t think the warning has not been taking very seriously. The markets are not reflecting fundamentals, because there are no more fundamental traders. It is an accident waiting to happen.

— Jim Rickards

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Give a man a shovel, he builds stuff. Give a man an education, he hires a guy with a shovel.

— Mark Haines, CNBC

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I don’t think they [ordinary people] understand how difficult and dangerous it is right now, particularly in the markets. There is this tendency to believe that the outcomes are going to be determined by economic forces. When, very frequently, it’s border guards and troops that are going to decide what happens to your investment.

— Dr. George Friedman, STRATFOR (a geopolitical strategy consulting firm)

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In the world of the bankrupt, the half-bankrupt is king.

— David Goldman on US Treasury Bonds

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I’m in favor of tax cuts, but not with borrowed money. Our choices right now are not between good and better; they’re between bad and worse. The problem we now face is the most extraordinary financial crisis that I have ever seen or read about.

— Alan Greenspan, former Federal Reserve Chairman and lifelong Republican libertarian

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“The day of national reckoning has arrived. We will not have a conventional business recovery now, but rather a long hangover of debt liquidation and downsizing — as suggested by last week’s news that the national economy grew at an anemic annual rate of 2.4 percent in the second quarter. Under these circumstances, it’s a pity that the modern Republican Party offers the American people an irrelevant platform of recycled Keynesianism when the old approach — balanced budgets, sound money and financial discipline — is needed more than ever.”

— David Stockman, a director of the Office of Management and Budget under President Ronald Reagan

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10 percent of any population is cruel, no matter what, and 10 percent is merciful, no matter what, and the remaining 80 percent can be moved in either direction.

— Susan Sontag

Posted by CJ   @   19 August 2010 0 comments

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