Quotes about asset
page 2

“You must understand that terrorists, although they may ultimately derive their financial resources or other assets from a government or governments, are theoretically stateless themselves — they're rather like international corporations, in their way — because they reject the idea of a state, they don't wish to be controlled by a state, they have had their state taken away from them or destroyed, they have been denied a chance to create a state of their own, or they were created to provide some government somewhere with what's called 'credible deniability'.
When individuals not affiliated with a national government commit violent acts, they are — and ought to be dealt with as — criminals, nothing more and certainly nothing less. Rather than indiscriminately destroy entire nations full of innocent people in retaliation for the criminal behavior of a few, guilty individuals should be pursued and either killed, or captured, tried, and on conviction, appropriately punished.”

L. Neil Smith (1946) American writer

"Enquiring Minds and the Oil War," 11 July 2010.

People, Way, Behavior, Idea

“Companies that go bankrupt are a danger to healthy competition. They are able to make their creditors and shareholders pay for their losses and bad management and then to start anew with assets that they essentially got for free, quite unlike the competition that has not gone bankrupt, who have to pay full price for their assets, but quite similar to how their customers have wanted their products, for too little money.”

Erik Naggum (1965–2009) Norwegian computer programmer

Re: ...and even for those _NOT_ interested... http://groups.google.com/group/comp.lang.lisp/msg/8ff1b48135b78862 (Usenet article). Usenet articles, Miscellaneous

Money, Loss

“There is another story, that we tried to impose upon him [Arafat] cantons, Bantustans. Total lie. We talked about 80%+ of the West Bank and 100% of the Gaza Strip. How can it become non-contiguous? And if you have some reservation against this or that curl of the border, at some corner, come to the table, negotiate it, and demand that this will be removed. I can go with you more and more, and I cannot afford spending more time on it, but basically, all these were stories that were invented in order to explain to his own people, and maybe to try to convince honest people in the free world how come that such an opportunity had been missed. Of course, I had my own demands, to protect Israel, to ensure our security, to make sure that we know where do we head. I said loud and clear: we have to put an end to this asymmetric process where we are supposed to give tangible assets, and the Palestinians have just to give vague promises about the nature of future relationship. I said I'm ready to go very far, but I want to know, now, that there is a partner, which is ready and capable to make tough decisions, and painful decisions. I was a great supporter of the peace of the brave, but never a supporter of peace of ostriches, where you put your head in the sand, let whatever happen, happen, and then wake up and say, OK, that's what happened. We cannot afford this approach. That's the reality.”

Ehud Barak (1942) Israeli politician and prime minister

Speech at UC Berkeley http://www.jewishsf.com/content/2-0-/module/displaystory/story_id/19324/edition_id/391/format/html/displaystory.html, November 22, 2002

Pain, People, Lie, World

“That sort of fundamentalism which treats possession of private property not as a desirable economic and personal asset but as a condition of liberty is a form of primitive religion.”

Neil Kinnock (1942) British politician

Source: Speech to National Housing and Town Planning Conference, Bournemouth (28 October 1986).

Religion, Personality

“With what moral authority can they speak of human rights — the rulers of a nation in which the millionaire and beggar coexist; the Indian is exterminated; the black man is discriminated against; the woman is prostituted; and the great masses of Chicanos, Puerto Ricans, and Latin Americans are scorned, exploited, and humiliated? How can they do this — the bosses of an empire where the mafia, gambling, and child prostitution are imposed; where the CIA organizes plans of global subversion and espionage, and the Pentagon creates neutron bombs capable of preserving material assets and wiping out human beings; an empire that supports reaction and counter-revolution all over the world; that protects and promotes the exploitation by monopolies of the wealth and the human resources of whole continents, unequal exchange, a protectionist policy, an incredible waste of natural resources, and a system of hunger for the world?”

Fidel Castro (1926–2016) former First Secretary of the Communist Party and President of Cuba

Speech on the 25th anniversary of the Moncada Barracks attack (26 July 1978) http://www.cuba.cu/gobierno/discursos/1978/esp/f260778e.html

Hunger, World, Support, Nature

“Never work for a company that says people are its most important asset. If you wanted to get a mortgage and you said that your only asset was people you would end up living in a tent.”

Guy Browning (1964) British comedian

People, Office Politics (2006).

People

“The assets of the Jewish National Home must be created exclusively through our own work, for only the product of the Hebrew labor can serve as the national estate.”

David Ben-Gurion (1886–1973) Israeli politician, Zionist leader, prime minister of Israel

As quoted in Ben-Gurion and the Palestinian Arabs : From Peace to War (1985) by Shabtai Teveth, p. 66

Home

“Throughout my life, my two greatest assets have been mental stability and being, like, really smart, "Crooked Hillary Clinton also played these cards very hard and, as everyone knows, went down in flames. I went from VERY successful businessman, to top T. V. Star to President of the United States (on my first try). I think that would qualify as not smart, but genius…. and a very stable genius at that!”

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

7:27am https://twitter.com/realDonaldTrump/status/949618475877765120 and 7:30am https://twitter.com/realDonaldTrump/status/949619270631256064, quoted in * 2020-01-21 A Very Stable Genius: Donald J. Trump's Testing of America Philip Rucker and Carol Leonnig Penguin 198487750X 2019952799 Ref: en.wikiquote.org - Donald Trump / Quotes / Donald Trump on social media / Twitter 2010s, 2018, January

Life, Star, Thinking, Success

“Traditional measures of relatedness provide an incomplete and potentially inaccurate picture of the scope of exploit interrelationships between its SBUs. This is because traditional measures look at relatedness only at the industry or market level. But as we explain below, the relatedness that really matters is that between 'strategic assets' (i. e., those that cannot be accessed quickly and cheaply by nondiversified competitors.) Therefore, to accurately measure whether two businesses are related, we need to go beyond broad definitions of relatedness that focus on market similarity; we need to look at the similarities between the underlying strategic assets of the various businesses that a company is operating in.”

Constantinos C. Markides (1960) Cypriot business theorist

Source: "Related diversification, core competences and corporate performance", 1994, p. 150

Business

“Of course, shedding the debt burden would be a happy development for our country, but it would nevertheless pose a big dilemma for the Fed. Our primary lever of monetary policy was buying and selling treasury securities-Uncle Sam's IOU's. But as the debt was paid down, those securities would grow scarce, leaving the Fed in need of a new set of assets to effect monetary policy.”

Alan Greenspan (1926) 13th Chairman of the Federal Reserve in the United States

Source: 2000s, The Age of Turbulence (2008), Chapter Ten, "Downturn", p. 214.

Happiness, Country

“A trustee has a responsibility to guard the assets of others with a higher degree of care than he does his own.”

John Ashcroft (1942) American politician

Source: Never Again: Securing America and Restoring Justice (2006), p. 31

“The science of human nature belongs to people who are not afraid to live independent lives. They alone have the flexible access to experience which can bring human wisdom and strength into being, and once these assets exist, they will send forth their influence with an authority that cannot be resisted, unmindful of artificial man made boundaries, reaching anywhere in the world.”

Paul Rosenfels (1909–1985) American sociologist

A Renegade Psychiatrist's Story

Wisdom, People, World, Nature

“Recently we heard that a prominent parliamentarian converted government assets to his personal use. Very soon, we will hear of some prominent politicians evading tax deliberately. Very soon we will hear of people abusing their travel entitlements. We extend zero-tolerance to these kind of people and some years ago, we know that the former Prime Minister converted government funds to improve his own personal standing by renovating and upgrading his personal house. The member for Labasa Open went on a fishing trip at government expense … This is fraud. I do not know want you want to call it, but it is fraud, using taxpayers' money for personal use.”

Laisenia Qarase (1941) Prime Minister of Fiji

Parliamentary speech, 23 November 2005 (excerpts)

Money, People, Travel, Fraud

“Here’s why I would recommend against [selling the U. S. stock markets short]…. Retail brokers normally require investors to hold any short-sale proceeds in U. S. dollars, usually earning no interest. The dollar, seen through my famously jaundiced eye, could lose more purchasing power than the security you sold short lost value…. I’ve got a much better idea, which is to borrow dollars and spend them to acquire foreign income-producing assets, using the income to pay the interest.”

Peter D. Schiff (1963) American entrepreneur, economist and author

Quotes from Crash Proof (2006)

Idea

“The growth of entrepreneurial classes throughout the world is an asset in the promotion of human rights and individual liberty, and it should be understood and used as such. Yet peace is the first and most important condition for continued prosperity and freedom. America's military power must be secure because the United States is the only guarantor of global peace and stability. The current neglect of America's armed forces threatens its ability to maintain peace.”

Condoleezza Rice (1954) American Republican politician; U.S. Secretary of State; political scientist

Foreign Affairs http://www.foreignaffairs.org/20000101faessay5-p20/condoleezza-rice/campaign-2000-promoting-the-national-interest.html, January/February 2000.

World, Peace, Freedom

“I am working with Unite in Salford to set up the Bank of Salford. It is going well. They have consolidated the credit unions, put money in, the city council will put their pay roll through it to stabilise the asset, the government are supporting it with advice and lowering entry requirements to become a bank that can lend to businesses as well as families. It will be bounded within Salford, there will be local residents on the board as well as institutions, but Unite cannot do it on their own. There needs to be a partnership between the Church and labour that can put some constraint on capital without relying on the state. Relational accountability and democratic governance are key to this. That is how the old bones will walk again, by renewing a commitment to the common good in action. It’s a great thing to do.”

Maurice Glasman, Baron Glasman (1961) British philosopher

Blue Labour, Tackling Poverty Together http://www.bluelabour.org/2013/11/24/tackling-poverty-together/

Money, Family, Business, Support

“Our assets walk out of the door each evening. We have to make sure that they come back the next morning.”

N. R. Narayana Murthy (1946) Indian businessman

In Has Narayana Murthy's return at Infosys worked for the IT major?, 24 December 2013, 26 December 2013, Economic Times http://economictimes.indiatimes.com/articleshow/27845971.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst,

“As a right-winger and UKIP member, I believe in immigration. That sentence might sound slightly surprising coming from the General Secretary of a Party which is perceived by the media as anti-immigration. So let me explain. I reject uncontrolled immigration. I reject immigration beyond the ability of our country’s infrastructure to cope. Recently, I’ve been listening to the Bruce Springsteen song ‘American Land’. It starts off well enough, talking about people relocating to America as it grew and helping to build the country. That’s the kind of immigration that I believe in. Those who believe that they can have a better life (in this case in the UK), who come over and are determined to see themselves as part of British culture and will put their heart and soul into improving this country for all of us. I’m talking about the kind of person who is proud to come to the United Kingdom and shows that pride at every opportunity. Such people are a real asset to the country. That’s why I’m so angry at the ‘left-wing’ in British politics, which has consistently pursued an effective open-door immigration policy. Uncontrolled mass immigration doesn’t provide any of those benefits, but instead creates huge cultural problems for us. Worse still, it creates resentment. In Sheffield, I see workers losing their jobs to immigrant workers. All that does is create resentment and fuels the kind of racism that we’ve painstakingly worked to get rid of from our nation.”

Jonathan Arnott (1981) British politician

I believe….in immigration? http://www.jonathanarnott.co.uk/2013/06/i-believe-in-immigration/ (June 23, 2013)

Life, People, Soul, Problem

“As we strive to teach others we must have the humility to acknowledge that we too still have much to learn. And we must have the flexibility to adapt to the changing needs of the world around us. Women who have been taught that modesty and pliancy are among the prized virtues of our gender are marvellously equipped for the learning process. But they must be given the opportunity to turn these often merely passive virtues into positive assets for the society in which they live.”

Aung San Suu Kyi (1945) State Counsellor of Myanmar and Leader of the National League for Democracy

Opening Keynote Address at NGO Forum on Women, Beijing China (1995)

Women, World, Learning, Change

“You know, the cure for all this talk is really a good dose of incompetent government. You get that alternative and you'll never put Singapore together again: Humpty Dumpty cannot be put together again… my asset values will disappear, my apartments will be worth a fraction of what they were, my ministers' jobs will be in peril, their security will be at risk and their women will become maids in other people's countries, foreign workers. I cannot have that!”

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

Justifying million-dollar pay hike for Singapore ministers (Straits Times, 5 April 2007)
2000s

Women, People, Country

“More people are interested in trying to shuffle paper assets around than building lasting assets by producing real goods.”

Akio Morita (1921–1999) Japanese businessman

Akio Morita (1989) in: Peter Krass ed. (2000) The Book of Management Wisdom: Classic Writings by Legendary Managers. p. 235.

People

“The Night Watchman State has been replaced by Highway Robber States – governments in which no asset, no contract, no domain is safe from the fleeting whim of politicians.”

James Bovard (1956) American journalist

From Freedom in Chains: The Rise of the State and the Demise of the Citizen (St. Martin's Press, 1999) http://www.jimbovard.com/Epigram%20page%20Freedom%20in%20Chains.htm

Night

“Both Fascist Italy and Nazi Germany did indeed allow—or, more accurately, tolerate—private property. However, it was ‘property’ in a peculiar and very restricted sense—not the virtually untrammeled private ownership of Roman law and nineteenth–century Europe, but rather conditional possession, under which the state, the owner of last resort, reserved to itself the right to interfere with and even confiscate assets which in its judgment were unsatisfactorily used.”

Richard Pipes (1923–2018) American historian

Source: Property and Freedom (1999), p. 218

Law, Sense

“The stress on 'human resources' as an organizational asset goes back at least to Drucker (1954). This was elaborated in the theory of 'human capital' by Schultz (1963) who was concerned to describe the benefits of education as a 'production good' enhancing the economic resources of society, and by others like Becker (1964) who argued for the benefits to economic growth of a well-trained workforce. While labour market segmentation theory developed in reaction (stressing institutional processes in labour market formation), human asset accounting in the 1970s applied the capital theory to quantifying investments in people by the organization (Flamholtz, 1974). This was embraced by some (for example, Likert, 1967) as a way of encouraging humane employment policies, less geared to the short-term”

Andrew Pettigrew (1944) University professor

although others saw in it the rule of accountants
Chris Hendry and Andrew Pettigrew. "Human resource management: an agenda for the 1990s." International journal of human resource management 1.1 (1990): 17-43.

People, Education, Way, Training

“Reports show that the combined Gross Domestic Product of forty-eight countries is less than the wealth of the three richest people in the world. Fifteen billionaires have assets greater than the total national income of Africa, south of the Sahara. Thirty-two people own more than the annual income of everyone who lives in South Asia. Eighty-four rich people have holdings greater than the GDP of China, a nation with 1.2 billion citizens.”

Ken Coates

Post-Labour's New Imperialism, The Spokesman, no. 79, p. 39

People, World, Country, Wealth

“A very interesting report on the London property market as a refuge for secret assets and dirty money – published in March 2015 by Transparency UK – spoke of money coming from corruption or corrupt individuals, without ever mentioning the word “”; nor did it ever mention “organised crime”. The reason is simple: with the exception of a few very rare cases, in the UK the mafia is not something that you can see or hear. There aren’t dead bodies on the streets, or shootings. In Mexico or in Italy, between corpses, blood and drug seizures it’s impossible to think that the Mafia doesn’t exist. In Italy and in Mexico Mafia is loud and it smells of blood. In London, as in Paris, it exists, but it’s quiet, it acts in the dark. And most of all it doesn’t have the pungent smell of blood, but the reassuring smell of money. It’s not true that money doesn’t smell, it does smell indeed, but you definitely can’t rely on your sense of smell to identify criminal money.”

Roberto Saviano (1979) Italian journalist, writer and essayist

Dirty Money in London event (2016)

Money, Secret, Thinking, Sense

“To gain profit is important, but you must invest to build up assets that you can cash in in the future.”

Akio Morita (1921–1999) Japanese businessman

Source: Made in Japan (1986), p. 157.

Future

“I'd grown up thinking I was ugly, ugly, ugly. I was much too tall, I was much too skinny, I was flat-chested, I had my mother's Asian eyes and cheekbones so I looked foreign compared to all my girlfriends, my mouth was too big and my teeth were too big so I never smiled. And then Françoise Hardy had her breakthrough in France and everything suddenly changed. Before her you were supposed to look like Brigitte Bardot, blonde, curvy and busty. But I was about twenty when people started telling me "You know what, you look a little like Françoise Hardy, you could be a model" and then out of the blue this famous woman, the great Catherine Harlé turns up. By sheer accident she happened to see me in the street in Paris and asked me if I wanted to be a fashion model and I thought she was joking! And she said "No, no, no, you're exactly the type of girl we're looking for" and all of a sudden all of these flaws, all the things I'd been so ashamed of, became my greatest assets. By sheer accident, as most things in my career.
Confessions Orbitales (Radio broadcast). Europe 1. 8 March 2003.”

Amanda Lear (1939) singer, lyricist, composer, painter, television presenter, actress, model

People, Smile, Girl, Fashion

“The Allies had the resources, industry, and logistics of an entire planet. The Axis, on the other hand, had to depend on what scant assets they could scrape up within their borders. This time we were the Axis.”

Max Brooks book World War Z

World War Z

Time, Dependency

“Banks are unprofitable because they make too many bad loans and their good loans have little profit in them. They also have the dubious advantage of an awful set of accounting conventions—“a rolling loan gathers no loss”—that permits them to mask their mistakes and hold assets without marking their value to market. Spreads are narrow, costs are high and there is too much reliance on insured deposits, with the accompanying incentive to take risks with someone else's money.”

Eugene Rotberg (1930)

“Speech on Banking Systems for the New York Times and Glass Steagall." http://www.generotberg.com/speeches/1990s/Banking%20System%20article%201990s.pdf. (1990)

Money, Loss

“We have the assets, skills, knowledge and ideas to match and overtake our closest neighbours. By that I don't just mean the rest of the UK, but also the small, independent countries, Iceland, Norway, Ireland and Denmark, that form an arc of prosperity around our shores. … There is every reason to feel confident about our economic future. Every part of Scotland has the potential to take us towards our goal.”

Alex Salmond (1954) Scottish National Party politician and former First Minister of Scotland

Sabhal Mòr Ostaig Lecture (December 19, 2007)

Feeling, Confidence, Idea, Knowledge

“Firms that have a high BE/ME (a low stock price relative to book value) tend to have low earnings on assets. Conversely, low BE/ME (a high stock price relative to book value) is associated with persistently high earnings.”

Eugene Fama (1939) American economist and Nobel laureate in Economics

Source: Common risk factors in the returns on stocks and bonds, 1993, p. 8

Books

“The number of one's possible fantasies is inversely proportional to the amount of one's liquid assets. For him who has everything dreams are no longer possible.”

Stanisław Lem book Peace on Earth

Peace on Earth (1987), tr. Elinor Ford (1994) from Pokój na Ziemi, Ch. 4

Dreams

“Unfortunately, pragmatism is not always good politics. The greatest asset of mid-20th century social democracy—its willingness to compromise its own core beliefs in the name of balance, tolerance, fairness and freedom—now looks more like weakness: a loss of nerve in the face of changed circumstances. We find it hard to look past those compromises to recall the qualities that informed progressive thought in the first place: what the early 20th century syndicalist Edouard Berth termed “a revolt of the spirit against... a world in which man was threatened by a monstrous moral and metaphysical materialism.””

Tony Judt (1948–2010) British historian

Ill Fares the Land (2010), Ch. 4 : Goodbye to All That?

World, Democracy, Freedom, Change

“I have always believed that conservation is not a liability to industries. Instead, if done properly, it can be an asset.”

Sukanto Tanoto (1949) Indonesian businessman

Interview, China Economic Herald, Nov 30, 2007. http://www.rgei.com/files/media_releases/ceh_301107.pdf 2007

“Our Constitution has raised certain barriers against too hasty change. I believe such provision is wise. I doubt if there has been any change that has ever really been desired by the people which they have not been able to secure. Stability of government is a very important asset. If amendment be made easy, both revolution and reaction, as well as orderly progress, also become easy. The nation has lost little, but has gained much, through the necessity of due deliberation. The pressing need of the present day is not to change our constitutional rights, but to observe our constitutional rights.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, Ordered Liberty and World Peace (1924)

People, Change

“While the mathematicians were still looking askance at the Greek gift of the irrational number, the Hindus of India were preparing another brain-teaser, the negative number, which they introduced about A. D. 700. The Hindus saw that when the usual, positive numbers were used to represent assets, it was helpful to have other number represent debts.”

Morris Kline (1908–1992) American mathematician

Source: Mathematics and the Physical World (1959), pp. 49-50.

Help

“[Knowledge assets are] stocks of knowledge through which different value added services flow.”

Max Boisot (1943–2011) British academic and educator

Source: Knowledge Assets, 1998, p. 3.; as cited in: Evans, M. M., and Natasha Ali. "Bridging knowledge management life cycle theory and practice." 2013.

Knowledge

“Tangibles trump conceptuals. Modern fiat currencies are generally accepted, but have essentially no backing. Because they are largely a by-product of interest-bearing debt, modern currencies are destined for inflation. In the long run, inflation dooms fiat currencies to collapse. The majority of your assets should be invested in productive farmland and other tangibles such as useful hand tools. After you have your key logistics squared away, anything extra should be invested in silver and gold.”

James Wesley Rawles (1960) Survivalist-fiction author and blogger

Source: How to Survive the End of the World as We Know It, Plume, New York (2009), p. 14

“Remember: never walk away from failure. On the contrary, study it carefully — and imaginatively — for its hidden assets.”

Michael Korda (1933) British writer

Source: Success! (1977), p. 119

Imagination, Failure, Study

“Thinking should become your capital asset, whatever ups and downs you may come across in your life.”

A. P. J. Abdul Kalam (1931–2015) 11th President of India, scientist and science administrator

Quotations by 60 Greatest Indians, Dhirubhai Ambani Institute of Information and Communication Technology http://resourcecentre.daiict.ac.in/eresources/iresources/quotations.html,

Life, Thinking

“I call on the United States and the European Union to tell Saleh that he must leave now…They should end all support for his regime, especially that which is used to crush peaceful opposition…They should freeze the Saleh family's assets and those of Saleh's henchmen and return them to the people.”

Tawakkol Karman (1979) Yemeni journalist, politician, human rights activist, and Nobel Peace Prize recipient

2010s, Our revolution's doing what Saleh can't – uniting Yemen (2011)

People, Family, Peace, Support

“It goes without saying that the most valuable asset of any profession is its collective reputation.”

Daniel Fatiaki (1954) Fijian judge

Address to the Fiji Law Society, Coral Coast, Fiji, 2 July 2005 (excerpts)

“Russians make up a pretty disproportionate cross-section of a lot of our assets … We see a lot of money pouring in from Russia.”

Donald Trump Jr. (1977) American businessman and son of U.S. President Donald Trump

https://www.washingtonpost.com/politics/inside-trumps-financial-ties-to-russia-and-his-unusual-flattery-of-vladimir-putin/2016/06/17/dbdcaac8-31a6-11e6-8ff7-7b6c1998b7a0_story.html?utm_term=.d62e84f8066b

Money

“The debate concerns only some of the problems of society in the United States (anti-feminism and racism in particular). It does not call into question the economic foundations of the system that are the root cause of the degradations of social conditions in important segments of society. The sacredness of private property, including that of monopolies, remains intact; the fact that Trump is himself a billionaire was an asset and not an obstacle to his election.”

Samir Amin (1931–2018) Egyptian economist

The Election of Donald Trump https://mrzine.monthlyreview.org/2016/amin301116.html (30 November 2016), Monthly Review Magazine (MRzine)

Question, Problem

“In other words, since you cannot successfully time the market or select individual stocks, asset allocation should be the major focus of your investment strategy, because it is the only factor affecting your investment risk that you can control.”

William J. Bernstein (1948) economist

Source: The Four Pillars of Investing (2002), Chapter 4, The Perfect Portfolio, p. 108.

Time

“We will argue that the long-run value of a related diversification lies not so much in the exploitation of economies of scope (asset amortization) - where the benefit is primarily short-term - but in allowing corporations to more cost efficiently expand their stocks of strategic assets. Relatedness, which opens the way for asset improvement, asset creation and asset fission, holds the key to the long-run competitive advantages of diversification. This means that in most cases, similarities in the processes by which strategic assets are expanded and new assets are created are more important than static similarities between the strategic assets that are the outcome of these processes.”

Constantinos C. Markides (1960) Cypriot business theorist

Source: "Related diversification, core competences and corporate performance", 1994, p. 150

Way

“If I had to pick the critical technology for the 20th century, the bit of social lubricant without which the wheels would've come off the whole enterprise, I'd say it was the sitcom. […] For the first time, society forced onto an enormous number of its citizens the requirement to manage something they had never had to manage before--free time.
And what did we do with that free time? Well, mostly we spent it watching TV. […]
And it's only now, as we're waking up from that collective bender, that we're starting to see the cognitive surplus as an asset rather than as a crisis. We're seeing things being designed to take advantage of that surplus, to deploy it in ways more engaging than just having a TV in everybody's basement.”

Clay Shirky (1964) American technology writer

Gin, Television, and Social Surplus (2008)

Way, Time

“Actually, throughout my life, my two greatest assets have been mental stability and being, like, really smart… I went from VERY successful businessman, to top T. V. Star to President of the United States (on my first try). I think that would qualify as not smart, but genius…. and a very stable genius at that!”

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

Tweets published https://twitter.com/realDonaldTrump/status/949618475877765120 by @realDonaldTrump https://twitter.com/realDonaldTrump/status/949619270631256064 (6 January 2018) 2010s, 2018, January

Life, Star, Thinking, Success

“Apple has some tremendous assets, but I believe without some attention, the company could, could, could — I'm searching for the right word — could, could die.”

Steve Jobs (1955–2011) American entrepreneur and co-founder of Apple Inc.

On his return as interim CEO of Apple, as quoted in TIME magazine (18 August 1997)
1990s

“Four hundred obscenely wealthy individuals, 400 little Mubaraks -- most of whom benefited in some way from the multi-trillion-dollar taxpayer bailout of 2008 -- now have more cash, stock and property than the assets of 155 million Americans combined.”

Michael Moore (1954) American filmmaker, author, social critic, and liberal activist

Speech delivered at Wisconsin Capitol in Madison (5 March 2011)
Claim found to be "true" by PolitiFact and others.
2011

Way

“Monetary policy affects the … of goods and assets and (iii) effects through changes in explicit or implicit real interest rates on aggregate demand.”

Rudiger Dornbusch (1942–2002) German economist

Source: Open economy macroeconomics, 1980, p. 71

Change

“There’s a serious danger that the college education bubble may burst. As more and more people get college degrees, which inevitably have to become easier to get in order to increase the amount of graduates beyond its realistic levels, the market will eventually figure out that the degree doesn’t mean what it used to. It will become less useful as a heuristic for intelligence and achievement. And college graduates will find themselves with an asset—a degree—whose value is dropping while their debt remains high.”

John Carney

" What Obama Should Have Told The Kids Today http://www.businessinsider.com/john-carney-what-obama-should-have-told-the-kids-today-2009-9," The Business Insider magazine, 8 September 2009.

People, Education, Intelligence

“What is the "cost of capital" to a, firm in a world in which funds are used to acquire assets whose yields are uncertain; and in which capital can be obtained by many different media, ranging from pure debt instruments, representing money-fixed claims, to pure equity issues, giving holders only the right to a pro-rata share in the uncertain venture? This question has vexed at least three classes of economists: (1) the corporation finance specialist concerned with the techniques of financing firms so as to ensure their survival and growth; (2) the managerial economist concerned with capital budgeting; and (3) the economic theorist concerned with explaining investment behavior at both the micro and macro levels.”

Merton Miller (1923–2000) American economist

Franco Modigliani and Merton H. Miller. "The cost of capital, corporation finance and the theory of investment." The American economic review (1958): 261-297.

Money, World, Behavior, Question

“If assets are priced rationally, variables that are related to average returns, such as size and book-to-market equity, must proxy for sensitivity to common (shared and thus undiversifiable) risk factors in returns. The time-series regressions give direct evidence on this issue. In particular, the slopes and R2 values show whether mimicking portfolios for risk factors related to size and [book-to-market] capture shared variation in stock and bond returns not explained by other factors.”

Eugene Fama (1939) American economist and Nobel laureate in Economics

Source: Common risk factors in the returns on stocks and bonds, 1993, p. 4-5

Books, Time

“The monetary history of the last four hundred years has been replete with financial crises. The pattern was that investor optimism increased as economies expanded, the rate of growth of credit increased and economic growth accelerated, and an increasing number of individuals began to invest for short-term capital gains rather than for the returns associated with the productivity of the assets they were acquiring. The increase in the supply of credit and more buoyant economic outlook often led to economic booms as investment spending increased in response to the more optimistic outlook and the greater availability of credit, and as household spending increased as personal wealth surged.”

Charles P. Kindleberger (1910–2003) American economic historian

Manias, Panics, and Crashes: A History of Financial Crises (1978), Ch. 13 : The Lessons of History and the Most Tumultuous Decades Ever

History, Optimism, Personality, Wealth

“The so-called ‘psychotically depressed’ person who tries to kill herself doesn't do so out of quote ‘hopelessness’ or any abstract conviction that life's assets and debits do not square. And surely not because death seems suddenly appealing. The person in whom Its invisible agony reaches a certain unendurable level will kill herself the same way a trapped person will eventually jump from the window of a burning high-rise. Make no mistake about people who leap from burning windows. Their terror of falling from a great height is still just as great as it would be for you or me standing speculatively at the same window just checking out the view; i. e. the fear of falling remains a constant. The variable here is the other terror, the fire's flames: when the flames get close enough, falling to death becomes the slightly less terrible of two terrors. It's not desiring the fall; it's terror of the flames. Yet nobody down on the sidewalk, looking up and yelling ‘Don‘t!’ and ‘Hang on!’, can understand the jump. Not really. You'd have to have personally been trapped and felt flames to really understand a terror way beyond falling.”

David Foster Wallace book Infinite Jest

Infinite Jest (1996)

Life, Death, People, Fear

“The supreme principle [in Industrial Organization] has been the belief that business efficiency and the welfare of the employees are but different sides of the same problem. Character is an economic asset; and business efficiency depends not merely on the physical condition of employees, but on their general attitude and feeling towards the employer.”

Edward Cadbury (1873–1948) British businessman

Introduction, p. vii; Partly cited in: Felix Behling et al., The Changing Worlds and Workplaces of Capitalism. 2015, p. 194
Experiments in industrial organization (1912)

Feeling, Business, Problem, Dependency

“Pluralism is no longer simply an asset or a prerequisite for progress and development, it is vital to our existence.”

Aga Khan IV (1936) 49th and current Imam of Nizari Ismailism

Speech at the Ceremony to Inaugurate the Restored Humayun's Tomb Gardens, New Delhi, India (15 April 2003)

“I started out with $600, a second hand Volkswagen, and a wife. One was an asset and one was a liability. I will let you figure out which was which. I liquidated both, and still had the $600. I worked long hours, and spent weekends reading about markets. I simply love it. You have to love what you do, whether it be gardening, hairdressing, etc. When you love it, then the money follows. Even if it doesn’t, you will still be happy. Being happy and poor is better than being unhappy and poor.”

Jim Rogers (1942) American writer

Interview, February 2005

Love, Money, Happiness, Reading

“When the regime wanted additional industrial capacity or resources for the military economy which the private sector could not provide, it was created (or conquered) by the state… during the Third Reich state ownership expanded into the productive sectors, based on the strategic industries, aviation, aluminum, synthetic oil and rubber, chemicals, iron and steel, and army equipment. Government finances for state-owned enterprises rose from RM 4,000m in 1933 to RM 16,000m 10 years later; the capital assets of state-owned industry doubled during the same period; the number of state-owned firms topped 500.”

Richard Overy (1947) British historian

Source: War and Economy in the Third Reich (1994), p. 16

“We believe in a strong dollar … Chinese financial assets are very safe.”

Timothy Geithner (1961) American central banker and politician

Peking University, May 31, 2009 http://www.reuters.com/article/marketsNews/idINPEK12423320090601?rpc=44

Strong

“For while the process of developing cash flow from an asset column in theory is easy, it is the mental fortitude of directing money that is hard.”

Robert T. Kiyosaki (1947) American finance author , investor

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not!

Money

“Most great financial innovators come from humble circumstances - nothing arouses fascination with financial assets quite like their absence.”

William J. Bernstein (1948) economist

Source: The Four Pillars of Investing (2002), Chapter 3, The Market Is Smarter Than You Are, p. 76.

“The growth in money and credit has outpaced both savings and economic growth. These inflationary pressures have been concentrated in asset prices, not consumer price inflation--keeping monetary policy too easy. This increase in asset prices has fueled domestic borrowing and spending. Government policy and the increase in securitization are largely responsible for this bubble. In addition to loose monetary policies by the Federal Reserve, government-sponsored enterprises Fannie Mae and Freddie Mac have contributed to the problem. The fourfold increases in their balance sheets from 1997 to 1998 boosted new home borrowings to more than $1.5 trillion in 1998, two-thirds of which were refinances which put an extra $15,000 in the pockets of consumers on average--and reduce risk for individual institutions while increasing risk for the system as a whole.”

Ron Paul (1935) American politician and physician

CONFERENCE REPORT ON S. 900, GRAMM-LEACH-BLILEY ACT, November 8, 1999 http://www.house.gov/paul/congrec/congrec99/cr110899-glb.htm 1990s

Money, Home, Problem

“The people who come to watch us play, who love the team and regard it as part of their lives, would never appreciate Liverpool having a huge balance in the bank. They want every asset we possess to be wearing a red shirt.”

Kenny Dalglish (1951) Scottish association football player and manager

Source http://imdb.com/name/nm0197910/bio

Love, People, Parting

“The 2008 financial meltdown is the result of under-regulated markets built on an ideology of free market capitalism and unlimited economic growth. The fundamental problem is that the underlying assumptions of this ideology are not consistent with what we now know about the real state of the world. The financial world is, in essence, a set of markers for goods, services, and risks in the real world and when those markers are allowed to deviate too far from reality, “adjustments” must ultimately follow and crisis and panic can ensue. To solve this and future financial crisis requires that we reconnect the markers with reality. What are our real assets and how valuable are they? To do this requires both a new vision of what the economy is and what it is for, proper and comprehensive accounting of real assets, and new institutions that use the market in its proper role of servant rather than master.”

Robert Costanza (1950) American economist

Source: Toward a New Sustainable Economy, 2008, p. 40

World, Problem, Reality, Future

“In theory I could run my business perfectly, and then run the country perfectly. And there's never been a case like this where somebody's had, like, if you look at other people of wealth, they didn't have this kind of asset and this kind of wealth, frankly. It's just a different thing.”

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

2010s, 2016, November, New York Times Interview (November 23, 2016)

People, Business, Country, Wealth

“I am tired of the warmakers making war with our children. I am tired of our tired troops being sent over to do the dirty work for mob bosses who are going to squeeze the life out of Iraq and not leave until every asset and every natural resource has been raped from the country. I am tired of seeing Iraqis burying their loved ones and hearing the reverberating screams of mothers all over our country who are being destroyed for the benefit of a very few.”

Cindy Sheehan (1957) American antiwar activist

Blog entry http://cindy-sheehan.org/2007/01/15/insanity-surge/, January 15, 2007 2007

Love, Life, War, Children

“First, there is really no sign at all of any significant reduction in unemployment without a major change in policy…Unemployment has probably levelled out but at a totally unacceptable figure. Secondly, contrary to what the Secretary of State said, the post-oil surplus prospect—not merely the post-oil prospect, because the oil will take a long time to go, but the surplus, the big balance of payments surplus, which is beginning to decline quite quickly—still looks devastating…our balance of payments is now overwhelmingly dependent on this highly temporary and massive oil surplus. Our manufacturing industry is shrunken and what remains is uncompetitive…We have a manufacturing trade deficit of approximately £11 billion, all of which has built up in the past three to four years. This is containable by oil and by nothing else. Invisibles can take care of about £4 billion or £5 billion but they cannot do the whole job. As soon as oil goes into a neutral position we are in deep trouble. Should it go into a negative position, the situation would be catastrophic…To sell off a chunk of capital assets and to use the proceeds for capital investment in the rest of the public sector might just be acceptable. However, that is not what is proposed, and what is proposed cannot be justified on any reputable theory of public finance; and when it is accompanied by a Minister using the oil—which might itself be regarded as a capital asset; certainly it is not renewable—almost entirely for current purposes, it amounts to improvident finance on a scale that makes the Prime Minister's old friend General Galtieri almost Gladstonian.”

Roy Jenkins (1920–2003) British politician, historian and writer

Speech http://hansard.millbanksystems.com/commons/1985/nov/12/industry-and-employment in the House of Commons (12 November 1985). 1980s

Change, Time, Past, Dependency

“Equal employment opportunities, yes, but we shouldn't get our women into jobs where they cannot, at the same time, be mothers…our most valuable asset is in the ability of our people, yet we are frittering away this asset through the unintended consequences of changes in our education policy and equal opportunities for women. This has affected their traditional role … as mothers, the creators and protectors of the next generation.”

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

[Wong, Theresa, Brenda Yeoh, Fertility and the Family: An Overview of Pro-natalist Population Policies in Singapore, ASIAN METACENTRE RESEARCH PAPER SERIES, 2003, 12, http://www.populationasia.org/Publications/RP/AMCRP12.pdf]
1980s

Women, People, Education, Change

“Through violence, you may 'solve' one problem, but you sow the seeds for another.
…
One has to try to develop one's inner feelings, which can be done simply by training one's mind. This is a priceless human asset and one you don't have to pay income tax on!
…
First one must change. I first watch myself, check myself, then expect changes from others.
…
Love and compassion are necessities, not luxuries. Without them, humanity cannot survive.
…
I myself feel, and also tell other Buddhists that the question of Nirvana will come later.
There is not much hurry.
If in day to day life you lead a good life, honesty, with love,
with compassion, with less selfishness,
then automatically it will lead to Nirvana.
…
The universe that we inhabit and our shared perception of it are the results of a common karma. Likewise, the places that we will experience in future rebirths will be the outcome of the karma that we share with the other beings living there. The actions of each of us, human or nonhuman, have contributed to the world in which we live. We all have a common responsibility for our world and are connected with everything in it.
…
If the love within your mind is lost and you see other beings as enemies, then no matter how much knowledge or education or material comfort you have, only suffering and confusion will ensue.
…
It is under the greatest adversity that there exists the greatest potential for doing good, both for oneself and others.
…
Whenever Buddhism has taken root in a new land, there has been a certain variation in the style in which it is observed. The Buddha himself taught differently according to the place, the occasion and the situation of those who were listening to him.
…
Samsara - our conditioned existence in the perpetual cycle of habitual tendencies and nirvana - genuine freedom from such an existence- are nothing but different manifestations of a basic continuum. So this continuity of consciousness us always present. This is the meaning of tantra.
…
According to Buddhist practice, there are three stages or steps. The initial stage is to reduce attachment towards life.
The second stage is the elimination of desire and attachment to this samsara. Then in the third stage, self-cherishing is eliminated.
…
The creatures that inhabit this earth-be they human beings or animals-are here to contribute, each in its own particular way, to the beauty and prosperity of the world.
…
To develop genuine devotion, you must know the meaning of teachings. The main emphasis in Buddhism is to transform the mind, and this transformation depends upon meditation. in order to meditate correctly, you must have knowledge.
…
Anything that contradicts experience and logic should be abandoned.
…
The ultimate authority must always rest with the individual's own reason and critical analysis.
…
From one point of view we can say that we have human bodies and are practicing the Buddha's teachings and are thus much better than insects. But we can also say that insects are innocent and free from guile, where as we often lie and misrepresent ourselves in devious ways in order to achieve our ends or better ourselves. From this perspective, we are much worse than insects.
…
When the days become longer and there is more sunshine, the grass becomes fresh and, consequently, we feel very happy. On the other hand, in autumn, one leaf falls down and another leaf falls down. The beautiful plants become as if dead and we do not feel very happy. Why? I think it is because deep down our human nature likes construction, and does not like destruction. Naturally, every action which is destructive is against human nature. Constructiveness is the human way. Therefore, I think that in terms of basic human feeling, violence is not good. Non-violence is the only way.
…
We humans have existed in our present form for about a hundred thousand years. I believe that if during this time the human mind had been primarily controlled by anger and hatred, our overall population would have decreased. But today, despite all our wars, we find that the human population is greater than ever. This clearly indicates to me that love and compassion predominate in the world. And this is why unpleasant events are "news"; compassionate activities are so much a part of daily life that they are taken for granted and, therefore, largely ignored.
…
The fundamental philosophical principle of Buddhism is that all our suffering comes about as a result of an undisciplined mind, and this untamed mind itself comes about because of ignorance and negative emotions. For the Buddhist practitioner then, regardless of whether he or she follows the approach of the Fundamental Vehicle, Mahayana or Vajrayana, negative emotions are always the true enemy, a factor that has to be overcome and eliminated. And it is only by applying methods for training the mind that these negative emotions can be dispelled and eliminated. This is why in Buddhist writings and teachings we find such an extensive explanation of the mind and its different processes and functions. Since these negative emotions are states of mind, the method or technique for overcoming them must be developed from within. There is no alternative. They cannot be removed by some external technique, like a surgical operation."”

Tenzin Gyatso (1935) spiritual leader of Tibet

Dzogchen: The Heart Essence of the Great Perfection, Snow Lion Publications, Ithaca, 2004

Love, Life, War, Happiness

“I indeed do respect all people for the positives in their life. Sadly, there comes a time of diminishing returns in the balance. At the end of the day, my respect is reserved for those solidly in the asset column of mankind.”

Ted Nugent (1948) American rock musician

Reply to a fan who wrote "you have to at least respect Dime as a guitarist."
Postings on Pantera (2006)

Life, People, Time

“The well-served customer…is an appreciating asset. Every small act on her or his behalf ups the odds of repeat business, add-on business, and priceless word-of-mouth referral.”

Tom Peters (1942) American writer on business management practices

January 4, 2016
Tom Peters Daily, Weekly Quote

Business

“In figure 3 we show the money and domestic asset market equilibrium schedules for given stocks of each of the assets. Along MM the domestic money market is in equilibrium. Higher interest rates reduce money demand so that equilibrium requires a depreciation and thus a rise in the domestic currency value of foreign assets and - hence wealth. The exchange rate thus plays a balancing role by affecting the valuation of assets.”

Rudiger Dornbusch (1942–2002) German economist

Source: Open economy macroeconomics, 1980, p. 14

Money, Wealth

“You have to remember Putin's background. He's a KGB officer. That's what they do. They recruit assets.”

James Clapper (1941) US government official

From an interview on CNN, quoted in [Sheth, Sonam, Former Director of National Intelligence James Clapper: Putin is handling Trump like a Russian 'asset', https://www.businessinsider.com/james-clapper-putin-trump-russia-asset-2017-12, 27 July 2018, Business Insider, December 19, 2017]

“It’s sad to say but agriculture remains to be a poor man’s sector. Despite being a huge asset to national development, agriculture has been the most neglected and least understood sector of the nation’s economy.”

Francis Escudero (1969) Filipino politician

2015 Source: Sun Star Manila http://www.sunstar.com.ph/manila/local-news/2015/07/03/government-urged-grant-farmers-higher-wages-decent-living-416728

Sadness

“It is important here to clarify the difference between 'strategic assets' and 'core competences.' Strategic assets are assets that underpin a firm's cost or differentiation advantage in a particular market and that are imperfectly imitable, imperfectly substitutable and imperfectly tradeable. These assets also tend to be market- specific. An example would be Honda's dealer network distributing and servicing its motorbikes. On the other hand, core competences are the pool of experience, knowledge and systems, etc. that can be deployed to reduce the cost or time required in creating or expanding the stock of strategic assets.”

Constantinos C. Markides (1960) Cypriot business theorist

Source: "Related diversification, core competences and corporate performance", 1994, p. 164

Knowledge, Time

“Our open, diverse society is an asset in the struggle against terrorism, not a liability. It makes us stronger and more resistant to radicalization. And this raises a larger point about the future of our country. America is strongest when we all believe that we have a stake in our country and our future. This vision has sustained us from the beginning. The belief that, yes, we are all created equal and the journey we have made to turn that into reality over the course of our history, that we are not a land of winners and losers, that we should all have the opportunity to live up to our God-given potential. And we have a responsibility to help others do so as well.”

Hillary Clinton (1947) American politician, senator, Secretary of State, First Lady

Presidential campaign (April 12, 2015 – 2016), Speech about the Orlando Shooting (June 13, 2016)

God, History, Reality, Future

“What his vision of free commodity exchange omits are the constraints that governed the selection of particular commodities, and the political and military sanctions used to ensure the continuation of quiet asymmetrical exchanges that benefited one party while diminishing the assets of another.”

Eric Wolf (1923–1999) American anthropologist

Source: Europe and the People Without History, 1982, Chapter 11, The Movement of Commodities, p. 314.
Context: Where Adam Smith and David Ricardo had envisaged a growing worldwide division of labor, they had thought that each country would freely select the commodities it was most qualified to produce, and that each would exchange its optimal commodity for the optimal commodity of others. Thus in Ricardo's example, Britain would send Portugal its textiles, while Britons would consume Portuguese wines in turn. What his vision of free commodity exchange omits are the constraints that governed the selection of particular commodities, and the political and military sanctions used to ensure the continuation of quiet asymmetrical exchanges that benefited one party while diminishing the assets of another.

“In the first place, let us admit that the first ten years of the League were in a sense unnatural. The horror of war to which I have already alluded was necessarily far more vivid than it can be expected long to remain. That tremendous argument for peace, the horror of war, was a diminishing asset. Most of us, at that time, were, I think, quite well aware that unless we could get the international system into solidly effective working order in the first ten years, we were likely to have great difficulties in the succeeding period, and so it has proved.”

Robert Cecil, 1st Viscount Cecil of Chelwood (1864–1958) lawyer, politician and diplomat in the United Kingdom

The Future of Civilization (1938)
Context: We see the world as it is now, after these defeats of the League, and we can compare it with what it was six or seven years ago. The comparison is certainly depressing; the contrast is terrible. And we have not yet reached a time when we can estimate the full material losses and human suffering which have been the direct result of the ambitions of one set of powers and the weakness of the others. Nor is there any purpose in attempting to do so. Let us, rather, examine where we now stand and what steps we ought to take in order to strengthen the international system and thrust back again the forces of reaction.
In the first place, let us admit that the first ten years of the League were in a sense unnatural. The horror of war to which I have already alluded was necessarily far more vivid than it can be expected long to remain. That tremendous argument for peace, the horror of war, was a diminishing asset. Most of us, at that time, were, I think, quite well aware that unless we could get the international system into solidly effective working order in the first ten years, we were likely to have great difficulties in the succeeding period, and so it has proved.

War, Peace, Thinking, Sense

“Though his philosophy finds nothing to support it, at least from the standpoint of Terence the scientific student should be ready to acknowledge the value of a belief in a hereafter as an asset in human life. In the presence of so many mysteries which have been unveiled, in the presence of so many yet unsolved, he cannot be dogmatic and deny the possibility of a future state”

William Osler (1849–1919) Canadian pathologist, physician, educator, bibliophile, historian, author, cofounder of Johns Hopkins Hospi…

Science and Immortality (1904)
Context: Though his philosophy finds nothing to support it, at least from the standpoint of Terence the scientific student should be ready to acknowledge the value of a belief in a hereafter as an asset in human life. In the presence of so many mysteries which have been unveiled, in the presence of so many yet unsolved, he cannot be dogmatic and deny the possibility of a future state; and however distressing such a negative attitude of mind to the Teresian, like Pyrrho, he will ask to be left, reserving his judgement, but still inquiring. He will recognize that amid the turbid ebb and flow of human misery, a belief in the resurrection of the dead and the life of the world to come is the rock of safety to which many of the noblest of his fellows have clung; he will gratefully accept the incalculable comfort of such a belief to those sorrowing for precious friends hid in death's dateless night; he will acknowledge with gratitude and reverence the service to humanity of the great souls who have departed this life in a sure and certain hope but this is all. Whether across death's threshold we step from life to life, or whether we go whence we shall not return, even to the land of darkness, as darkness itself, he cannot tell.

Life, Support, Future

“Moreover, this pledge does not leave me contributing the most precious asset, which is time.”

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

" My Philanthropic Pledge http://givingpledge.org/pdf/letters/Buffett_Letter.pdf" at the The Giving Pledge (2010) Context: More than 99% of my wealth will go to philanthropy during my lifetime or at death. Measured by dollars, this commitment is large. In a comparative sense, though, many individuals give more to others every day. Millions of people who regularly contribute to churches, schools, and other organizations thereby relinquish the use of funds that would otherwise benefit their own families. The dollars these people drop into a collection plate or give to United Way mean forgone movies, dinners out, or other personal pleasures. In contrast, my family and I will give up nothing we need or want by fulfilling this 99% pledge. Moreover, this pledge does not leave me contributing the most precious asset, which is time. Many people, including — I’m proud to say — my three children, give extensively of their own time and talents to help others. Gifts of this kind often prove far more valuable than money.

Time

“Most students of nature sooner or later pass through a process of writing off a large percentage of their supposed capital of knowledge as a merely illusory asset. As we trace more accurately certain familiar sequences of phenomena we begin to realize how closely these sequences, or laws, as we call them, are hemmed round by still other laws of which we can form no notion.”

William Crookes (1832–1919) British chemist and physicist

Address to the Society for Psychical Research (1897)
Context: The most helpful quality which has aided me in psychical problems and has made me lucky in physical discoveries (sometimes of rather unexpected kinds) has simply been my knowledge — my vital knowledge, if I may so term it — of my own ignorance.
Most students of nature sooner or later pass through a process of writing off a large percentage of their supposed capital of knowledge as a merely illusory asset. As we trace more accurately certain familiar sequences of phenomena we begin to realize how closely these sequences, or laws, as we call them, are hemmed round by still other laws of which we can form no notion. With myself this writing off of illusory assets has gone rather far and the cobweb of supposed knowledge has been pinched (as some one has phrased) into a particularly small pill.

Law, Nature, Knowledge

“The great human asset is man himself.”

Anatole France (1844–1924) French writer

Ch, IV, p. 175
The White Stone (1905)
Context: The great human asset is man himself. In order to rate the terrestrial globe, it is necessary to begin by rating men. To exploit the soil, the mines, the waters, all the substances and all the forces of our planet, it needs man, the whole of man; humanity, the whole of humanity. The complete exploitation of the terrestrial globe demands the united labour of white, yellow, and black men. By reducing, diminishing, and weakening, or, to sum it up in one word, by colonising a portion of humanity, we are working against ourselves. It is to our advantage that yellow and black men should be powerful, free, and wealthy. Our prosperity and our wealth depend on theirs. The more is produced, the more will there be consumed. The greater the profit they derive from us, the greater the profit we shall derive from them. If they reap the benefit of our labours, so shall we fully reap theirs.
If we study the movements which govern the destinies of societies, we may perhaps discover signs that the era of violent deeds is coming to an end. War, which was formerly a standing institution among nations, is now intermittent, and the periods of peace have become of longer duration than those of war.

“It was the failure to properly price such risky assets that characterized the crisis.”

Alan Greenspan (1926) 13th Chairman of the Federal Reserve in the United States

"Epilogue", p. 512.
2000s, The Age of Turbulence (2008)
Context: Much of the securitization took the form of collateralized debt obligations (CDOs) with senior credit tranches certified by rating agencies as AAA. It was the failure to properly price such risky assets that characterized the crisis.

Failure

“Let us put an end to self-inflicted wounds. Let us remember that our national unity is a most priceless asset.”

Gerald Ford (1913–2006) American politician, 38th President of the United States (in office from 1974 to 1977)

Address to joint session of Congress (10 April 1975)
1970s
Context: Let us put an end to self-inflicted wounds. Let us remember that our national unity is a most priceless asset. Let us deny our adversaries the satisfaction of using Vietnam to pit Americans against Americans.

“Throughout man's career intelligence and charity have been man's distinctive and most valuable assets.”

Olaf Stapledon (1886–1950) British novelist and philosopher

Philosophy and Living (1939)
Context: Throughout man's career intelligence and charity have been man's distinctive and most valuable assets. One of our early pre-human ancestors is said to have been much like the Spectral Tarsier, a little mammal about the size of a mouse, with long wiry fingers and huge forward-looking eyes adapted for binocular vision. Not by weapons but by correlation of subtle eyes and subtle hands through subtle brain, this creature triumphed. And man himself conquered the world by the same means, by attention, by discrimination, by skilled manipulation, by versatility; in fact by intelligence and imagination in adapting himself to an ever-changing environment.

Intelligence

“I have often pondered over the roles of knowledge or experience, on the one hand, and imagination or intuition, on the other, in the process of discovery. I believe that there is a certain fundamental conflict between the two, and knowledge, by advocating caution, tends to inhibit the flight of imagination. Therefore, a certain naiveté, unburdened by conventional wisdom, can sometimes be a positive asset.”

Harish-Chandra (1923–1983) Indian American mathematician and physicist (1923–1983)

Harish-Chandra, cited in: Robert Langlands, "Harish-Chandra. 11 October 1923-16 October 1983." http://rsbm.royalsocietypublishing.org/content/31/198, in: Biographical Memoirs of Fellows of the Royal Society of London, 31 (1985), 199-225.

Wisdom, Imagination, Knowledge

“For ages the Aborigines had relied heavily on isolation. It was their asset and their liability, and gave them long-term control of the continent. But if their isolation were to end, as it ultimately had to end with a shrinking world, their whole way of life could be fractured. Even the arrival of a few thousand permanent settlers, whether from Europe or Asia, would be like the first tremors of an earthquake.”

Geoffrey Blainey (1930) Australian historian

The Story of Australia's People: The Rise and Fall of Ancient Australia (2015)

Life, Age, World, Way

“The political intolerance towards the Venezuelan Bolivarian model and the desires for our immense oil resources, minerals and other great riches, has prompted an international coalition headed by the US government…a criminal commercial and financial blockade, which has been aggravated by the dispossession and robbery of our financial resources and assets in countries aligned with this demented onslaught…”

Nicolás Maduro (1962) 53rd President of Venezuela

Country

“I’ve never considered being a woman or a Latina to be an obstacle. In fact, I usually consider it to be quite an asset, in part due to the incredible entrepreneurial culture of the Hispanic community in general and my family in particular.”

Nina Vaca businessperson

Diversity in the High-Tech Talent Pool https://www.strategy-business.com/article/Diversifying-the-high-tech-talent-pool?gko=22056, Strategy+Business.com (May 30, 2019)

Family, Communication, Parting

“I have now reached the point where I may indicate briefly what to me constitutes the essence of the crisis of our time. It concerns the relationship of the individual to society. The individual has become more conscious than ever of his dependence upon society. But he does not experience this dependence as a positive asset, as an organic tie, as a protective force, but rather as a threat to his natural rights, or even to his economic existence. Moreover, his position in society is such that the egotistical drives of his make-up are constantly being accentuated, while his social drives, which are by nature weaker, progressively deteriorate. All human beings, whatever their position in society, are suffering from this process of deterioration. Unknowingly prisoners of their own egotism, they feel insecure, lonely, and deprived of the naive, simple, and unsophisticated enjoyment of life. Man can find meaning in life, short and perilous as it is, only through devoting himself to society.”

Albert Einstein (1879–1955) German-born physicist and founder of the theory of relativity

1940s, Why Socialism? (1949)

Life, Making love, Feeling, Nature

“The individual has become more conscious than ever of his dependence upon society. But he does not experience this dependence as a positive asset, as an organic tie, as a protective force, but rather as a threat to his natural rights, or even to his economic existence. Moreover, his position in society is such that the egotistical drives of his make-up are constantly being accentuated, while his social drives, which are by nature weaker, progressively deteriorate.”

Albert Einstein (1879–1955) German-born physicist and founder of the theory of relativity

1940s, Why Socialism? (1949)

Making love, Nature, Dependency

“Ever since the population of this little island grew large, trade has been its livelihood. We imported food and raw materials and paid for them by exports of coal and manufactures, by earnings from shipping and other services, and by interest on foreign investments. The first world war injured our position seriously, the second had far worse effects. When we stood alone in the second world war we threw all that we had into the battle. … We sold our foreign assets. We reduced our production of civilian goods to a minimum. We lost nearly all our export trade and much of our shipping. … We have, therefore, to face now before we have recovered from the effects of the war, and before our long-term plans have taken effect, the necessity of relying entirely on our own resources. This is a situation as serious as any that has faced us in our long history.”

Clement Attlee (1883–1967) Former Prime Minister of the United Kingdom

Broadcast (10 August 1947), quoted in The Times (11 August 1947), p. 4
Prime Minister

War, World, Food, History

“Give it a chance, try to make it happen. This is our greatest asset as a nation and one that we have to continue to encourage. You don’t have to go broke, you don’t have to bet everything on it, but you can start one day at a time by taking a chance and seeing if you too can build a great company.”

Kevin Plank (1972) American entrepreneur and philanthropist

Social Growth Technologies Wins U-Maryland Cupid’s Cup Business Competition Under Armour’s Kevin Plank and BB&T Sponsor Fifth Annual Event https://www.rhsmith.umd.edu/news/social-growth-technologies-wins-u-maryland-cupids-cup-business-competition-under-armours-kevin, University of Maryland Robert H. Smith School of Business (May 10, 2010)

Making love, Chance, Time

“A state of thievocracy is promoted because it permits politically connected taskmasters to redirect wealth to those deemed worthier by the state. In this sense, slavery is the socialization of labor and property, imposed to make the populace subservient to an institutionalized authority that often preaches equalitarianism and altruism but practices a slavery-enriched militarism. To the far statist Left and their slavocracy comrades, individuals have no ownership rights—so humans can be beasts of burden or simply be exterminated in cleansing bouts of genocide. Many leaders of the Democratic Party are still tied to this slavocracy-socialist tradition as a means to steal wages and assets from the citizenry as well as corrode free speech, due process and the presumption of innocence.”

L. K. Samuels (1951) American writer

p 484
Killing History: The False Left-Right Political Spectrum and the Battle between the ‘Free Left’ and the ‘Statist Left', (2019)

Making love, Sense, Wealth

“The language diversity embedded in Taiwanese society is our common asset. We should not have those languages endangered or extinct.”

Cheng Li-chun (1969) Taiwanese politician

Cheng Li-chun (2018) cited in " Taiwan to establish public TV channel promoting Taiwanese Hokkien https://www.taiwannews.com.tw/en/news/3604260" on Taiwan News, 25 December 2018.

“Unlawful revenue which, after being conveniently cleaned, is then reinvested within the legal economy: polluting it, corrupting it, forging it, killing it. Whether it’s reinvested in the London property market, in Parisian restaurants, or in hostels on the French Riviera. Drug trafficking money will buy homes that honest folk can no longer afford; it will open shops that will sell at more competitive prices than legitimate shops; it will start businesses that can afford to be more competitive than clean businesses. But one thing must be clear: these businesses are not interested in being successful; the main purpose for which they were created was to launder money, turning money that shouldn’t even exist into clean and usable money. In silence, illegal assets are moving around and undermining our economy and our democracies. In silence. But it doesn’t stop here; organised crime is providing us with a winning economic model. Organised crime is the only segment of global economy to have not been affected by the financial crisis; to have profited from the crisis, to have fed on the crisis, to have contributed to the crisis. And it’s in the crisis that it finds its satellite activities, such as usury, gambling, counterfeiting. But the most important – and most alarming – aspect of this issue is that it’s exactly in times of crisis that criminal organisations find their safe haven in banks.”

Roberto Saviano (1979) Italian journalist, writer and essayist

Dirty Money in London event (2016)

Money, Democracy, Home, Business

“We are an egalitarian State, (royalty) should go…. to either keep this temple or else become president of a thousand other temples. Except Pallivetta (the royal ritualistic hunt of the deities) and the Arat, when the deity is taken in procession to the seashore, we lost all other privileges. We sold our personal assets to keep this temple.”

Uthradom Thirunal Marthanda Varma (1922–2013) Maharaja of Travancore

In 1971, when the privy purse was abolished to the royal families, in "Royal vignettes: Travancore - Simplicity graces this House (30 March 2003)"

Personality

Quotes about asset page 2

Quotes about asset
page 2