“Do not let anyone else run your business.”
Source: The Intelligent Investor (1973) (Fourth Revised Edition), Chapter 20, "Margin of Safety": The Central Concept, p. 286
“One trouble is that when Government gets into a business it tends to make it uneconomic for anyone else.”
February 27, 1963, page 47.
Official Report of Proceedings of the Hong Kong Legislative Council
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John James Cowperthwaite 38
British colonial administrator 1915–2006Related quotes
“If anyone makes trouble I've advised him to dot him one on the jaw in the best British style.”
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H.L. Mencken
(1880–1956) American journalist and writer
As quoted in Charting the Candidates '72 (1972) by Ronald Van Doren, p. 7
1940s–present
Context: The state — or, to make the matter more concrete, the government — consists of a gang of men exactly like you and me. They have, taking one with another, no special talent for the business of government; they have only a talent for getting and holding office. Their principal device to that end is to search out groups who pant and pine for something they can't get and to promise to give it to them. Nine times out of ten that promise is worth nothing. The tenth time is made good by looting A to satisfy B. In other words, government is a broker in pillage, and every election is sort of an advance auction sale of stolen goods.
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Harry Truman in Detroit (14 May 1950), as recorded in Good Old Harry