“I am worried about our tendency to over invest in things and under invest in people.”

Last update June 3, 2021. History

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John Kenneth Galbraith207

American economist and diplomat 1908–2006

Kirk R. Smith (1947–2020) American climatologist

Source: https://clusterbcs.com/en/in-memoriam-kirk-r-smith-1947-2020-2/

“Looking backward on a period which is finished, we are looking at actually realized returns, costs, etc., as those items are registered in the bookkeeping of business. In such an ex post calculation there is, as we will show later, an exact balance between the invested waiting and the value of gross investment [Phil: he appears to mean savings and investment]. Looking forward there is no such balance except under certain conditions which remain to be ascertained. In the ex ante calculus it is a question not of realized results but of anticipations, calculations, and plans driving the dynamic process forward. Had this distinction been kept in mind, much confusion about “saving and investment” would have been avoided. There is in fact no contradiction at all between the statement of an exact bookkeeping balance ex post and the obvious inference that in a situation in which saving is increasing without a corresponding increase in investment, or perhaps with an adverse movement in investment, there must be a tendency ex ante to disparity.”

Gunnar Myrdal (1898–1987) Swedish economist

Source: Monetary Equilibrium (1939), p. 34

“I invest in people — be it politics or science. It's what I do.”

Jeffrey Epstein (1953–2019) American financier, science and education philanthropist and sex offender

Quoted in Jeffrey Epstein: International Moneyman of Mystery By Landon Thomas Jr., New York Magazine http://nymag.com/nymetro/news/people/n_7912/ Oct. 28, 2002

“Invest in the human family. Invest in people. Build a little community of those you love and who love you.”

Mitch Albom Tuesdays with Morrie

Source: Tuesdays with Morrie

“Both history and contemporary data show that countries prosper more when there are stable and dependable rules, under which people can make investments without having to fear unpredictable new government interventions before these investments can pay off.”

Thomas Sowell (1930) American economist, social theorist, political philosopher and author

Economic 'Plan'?" September 11, 2012 http://lewrockwell.com/sowell/sowell110.html="An. <br class="br">2010s

“There is in fact no contradiction at all between the statement of an exact bookkeeping balance ex post and the obvious inference that in a situation when saving is increasing without a corresponding increase of investment, or perhaps with an adverse movement in investment, there must be a tendency ex ante to a disparity.”

Gunnar Myrdal (1898–1987) Swedish economist

Source: Monetary Equilibrium (1939), p. 46

“Intelligent investment is more a matter of mental approach than it is of technique. A sound mental approach toward stock fluctuations is the touchstone of all successful investment under present-day conditions.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter II, The Investor and Stock-Market Fluctuations, p. 21

“If you invested in a very low cost index fund — where you don’t put the money in at one time, but average in over 10 years — you’ll do better than 90% of people who start investing at the same time.”

Warren Buffett (1930) American business magnate, investor, and philanthropist

Berkshire Hathaway Annual Meeting (2004), as quoted at The Buffett http://www.thebuffett.com/quotes.html

“I know some people look at foreign companies investing in our businesses, financing our infrastructure or taking over our football clubs and ask – shouldn’t we do something to stop it? Well, let me tell you, the answer is “no.””

David Cameron (1966) Former Prime Minister of the United Kingdom

Speech at the ninth World Islamic Economic Forum in 2013 - "World Islamic Economic Forum: Prime Minister's speech" Gov.uk (29 October 2013) https://www.gov.uk/government/speeches/world-islamic-economic-forum-prime-ministers-speech <br class="br">2010s, 2013

“Every child in American should have access to a well-stocked school library. … An investment in libraries is an investment in our children's future.”

Laura Bush (1946) First Lady of the United States from 2001 to 2009

As quoted in Biography Today : Profiles of People of Interest to Young Readers, Vol. 12, Issue 2 : Laura Bush by Joanne Mattern (2003), p. 34

“I am worried about our tendency to over invest in things and under invest in people.”

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John Kenneth Galbraith207

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