“Earn capital to spend capital.”
Presidential Leadership speech http://www.c-span.org/video/?326958-1/presidents-clinton-george-w-bush-leadership (9 July 2015) <br class="br">2010s, 2015
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George W. Bush675
43rd President of the United States 1946Related quotes
Warren Buffett (1930) American business magnate, investor, and philanthropist
1979 Chairman's Letter http://www.berkshirehathaway.com/letters/1979.html <br class="br">Letters to Shareholders (1957 - 2012) <br class="br">Context: The primary test of managerial economic performance is the achievement of a high earnings rate on equity capital employed (without undue leverage, accounting gimmickry, etc.) and not the achievement of consistent gains in earnings per share. In our view, many businesses would be better understood by their shareholder owners, as well as by the general public, if managements and financial analysts modified the primary emphasis they place upon earnings per share, and upon yearly changes in that figure.
Arthur Schopenhauer book Aphorisms on the Wisdom of Life
E. Payne, trans. (1974) Vol. 1, p. 348
Parerga and Paralipomena (1851), Aphorisms on the Wisdom of Life
Warren Buffett (1930) American business magnate, investor, and philanthropist
2007 Chairman's Letter http://www.berkshirehathaway.com/letters/2007ltr.pdf <br class="br">Letters to Shareholders (1957 - 2012) <br class="br">Context: The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines. Here a durable competitive advantage has proven elusive ever since the days of the Wright Brothers. Indeed, if a farsighted capitalist had been present at Kitty Hawk, he would have done his successors a huge favor by shooting Orville down.
Vladimir Lenin (1870–1924) Russian politician, led the October Revolution
Source: Imperialism, The Highest Stage of Capitalism (1917), Chapter Three
“Capital, like capitalism, seems an overrated category.”
Ernest Gellner (1925–1995) Czech anthropologist, philosopher and sociologist
Source: Nations and Nationalism (1983), Chapter 7, A Typology Of Nationalism, p. 97
“Capitalism without competition isn’t capitalism; it’s exploitation.”
Joe Biden (1942) 47th Vice President of the United States (in office from 2009 to 2017)
2021, July 2021, Remarks by President Biden At Signing of An Executive Order Promoting Competition in the American Economy
Harvey S. Rosen (1949) American economist
Source: Public Finance - International Edition - Sixth Edition, Chapter 19, Taxes on Consumption and Wealth, p. 453
“Communism is the most painful path between capitalism and capitalism.”
Scott Adams (1957) cartoonist, writer
Dilbert https://dilbert.com/strip/1989-12-12, Tuesday December 12, 1989