“More broadly, I think that the -- if you look at some of the most successful countries in the world, they’re actually pretty small countries -- like Singapore, for example -- that on paper look like they have no assets, and yet, if you go to Singapore, it has one of the highest standards of living in the world. What is it that Singapore did that might be replicable? Well, one of the most important things they did was they made an enormous investment in their people. And if you’ve got a highly skilled, highly educated workforce, if you’ve set up rules of law and governance that are transparent and non-corrupt, then you can attract actually a lot of service industries to supplement the tourist industry, because people would want to locate in your country. You could envision people wanting to operate and have offices there where you’ve got a trained workforce. And these days, so many businesses are operating over the Internet that if you’ve got a really skilled workforce that provides value added, you will attract companies and you’ll attract businesses.”

— Barack Obama

2015, Town Hall meeting with Young Leaders of the Americas (April 2015)

Adopted from Wikiquote. Last update Sept. 30, 2023. History

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Barack Obama 1158

44th President of the United States of America 1961

Sinnathamby Rajaratnam (1915–2006) Early life

A speech in 1984. http://viweb.freehosting.net/SRajaratnam.htm

“This was a new generation but now that they are all grown up, probably fathers and grandfathers but at that time, this concept (of a nation) was not even part of the imagination of adults, let alone children. So the best way to create a nation is to start from the schools. Once this is embodied and thinking by pure repetition everyday, that becomes part of the psyche of the people. So let me tell you if you are a Singaporean - two and a half million - no place to run - no more. Whether you are a Singapore Chinese, Singapore Malay and Singapore Indian, you cannot run away. This is your last stand, last outpost. So how do you do it? If you think of yourself as Chinese, Malays, Indians and Sri Lankans, then Singapore will collapse. You must think of Singapore - this is my country. I fight and die for Singapore if necessary.”

Sinnathamby Rajaratnam (1915–2006) Early life

undated

“Singapore's success shows us that:”

Margaret Thatcher book Statecraft: Strategies for a Changing World

A country's wealth need not depend on natural resources, it may even ultimately benefit from their absence
The greatest resource of all is Man
What government has to do is to set the framework for human talent to flourish.
Source: Statecraft: Strategies for a Changing World, p. 118

“Most girls like play pretties, but you like guns, don’t you?
I don't care a thing in the world about guns. If I did I would have one that worked.”

Charles Portis book True Grit

Source: True Grit (1968), Chapter 7, p. 178 : exchange between 'Lucky Ned Pepper' and 'Mattie Ross'

“Let me give you an example that encapsulates the whole difference between America and Singapore. America has a vicious drug problem. How does it solve it? It goes around the world helping other anti-narcotic agencies to try and stop the suppliers… Singapore does not have that option. What we can do is to pass a law which says that any customs officer or policeman who sees anybody in Singapore behaving suspiciously… can require that man to have his urine tested. If the sample is found to contain drugs, the man immediately goes for treatment. In America if you did that it would be an invasion of the individual's rights and you would be sued.”

Lee Kuan Yew (1923–2015) First Prime Minister of Singapore

Lee Kuan Yew, Interview with Fareed Zakaria of Foreign Policy, 1994 https://www.foreignaffairs.com/articles/asia/1994-03-01/conversation-lee-kuan-yew
1990s

“I’m dead by then. There’ll be different voices, different standpoints, but I stand by my record. I did some sharp and hard things to get things right. Maybe some people disapproved of it. Too harsh, but a lot was at stake and I wanted the place to succeed, that’s all. At the end of the day, what have I got? A successful Singapore. What have I given up? My life.”

Lee Kuan Yew (1923–2015) First Prime Minister of Singapore

On how history will assess him, in Hard Truths to Keep Singapore Going, 2011
2010s

“I wouldn’t like to meet you when you’ve got a revolver,” said Margarita with a coquettish look at Azazello. She had a passion for people who did things well.”

Mikhail Bulgakov book The Master and Margarita

Source: The Master and Margarita

“I like thinking big. I always have. To me it's very simple: if you're going to be thinking anyway, you might as well think big. Most people think small, because most people are afraid of success, afraid of making decisions, afraid of winning. And that gives people like me a great advantage.”

Donald J. Trump (1946) 45th President of the United States of America

Source: 1980s, Trump: The Art of the Deal (1987), p. 46

“[The country singer] sings more sincere than most entertainers, because the hillbilly was raised tougher than most entertainers. The people who has been raised something like the way the hillbilly has, knows what he is singing about and appreciates it. For what he is singing, is the hopes, and prayers, and dreams and experiences of what some call the "common people." I call them the "best people," because they are the ones that the world is made up most of. They're really the ones who make things tick, wherever they are in this country, or in other country.”

Hank Williams (1923–1953) American country music singer

“This [covariance] is something that is not in the habit of thinking of most amateur investors. They look at their investments one at a time, and they don't, you always have to go back and say, what's the covariance? That's what really matters for what happen to your portfolio. Because when you invest in a lot of companies that are all the same, you're asking for trouble, because the whole thing is going to either blow up or succeed. And you can't live like that. You have to be looking for low covariance.”

Robert J. Shiller (1946) American economist

Robert Shiller. Chalk Talk - Covariance, Financial Markets (Coursera) https://www.coursera.org/learn/financial-markets-global/lecture/41Ujc/chalk-talk-covariance.

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