Quotes about investment
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“Bangladesh is heavily invested in advertising itself to Americans and other potential trading partners as a "moderate Muslim country."… Over the last few decades, however, they have come more and more under the thumb of radical jihadis. Yet, they have not stopped trying to portray themselves as what they perhaps were at one point, and few Americans know that the reality is not what they are saying it is.”

Richard Benkin American journalist

Benkin, Richard L. (2012). A quiet case of ethnic cleansing: The murder of Bangladesh's Hindus. New Delhi: Akshaya Prakashan. p.300.

Reality, Country

“You need a strategy, and a trade or investment decision can be evaluated only in the context of that strategy.”

Aaron C. Brown (1956) American financial analyst

Source: The Poker Face of Wall Street (2006), Chapter 1, The Art of Uncalculated Risk, p. 23

Decision

“Provided they are substantiated by hard evidence, not hunches, generalizations are not incorrect. Science relies on the ability to generalize to the larger population observations drawn from a representative sample. People make prudent decisions in their daily lives based on probabilities and generalities. That one chooses not to live in a particular crime-riddled county or country in no way implies that one considers all individual residents there to be criminals, only that a sensible determination has been made, based on statistically significant data, as to where scarce and precious resources—one's life and property—are best invested.”

Ilana Mercer South African writer

Into the Cannibal's Pot: Lessons for America from Post-Apartheid South Africa
2010s, Into the Cannibal's Pot: Lessons for America from Post-Apartheid South Africa (2011)

Life, People, Way, Decision

“What then is Liberty? Liberty, I would answer, so far as it is possible for it to exist in a Society of Beings whose interests are almost perpetually opposed to each other, consists in this, that, every Man, while he respects the persons of others, and allows them quietly to enjoy the produce of their industry, be certain himself likewise to enjoy the produce of his own industry, and that his person be also secure. But to contribute by one’s suffrage to procure these advantages to the Community,—to have a share in establishing that order, that general arrangement of things, by means of which an individual, lost as it were in the croud, is effectually protected,—to lay down the rules to be observed by those who, being invested with a considerable power, are charged with the defence of individuals, and provide that they should never transgress them,—these are functions, are acts of Government, but not constituent parts of Liberty.”

Jean-Louis de Lolme (1740–1806) Genevan and English political theorist and writer on constitutional matters

The Constitution of England (1784), Ch. 5 : In which an Inquiry is made, whether it would be an Advantage to public Liberty, that the Laws should be enacted by the Votes of the People at large.

Communication, Parting, Personality

“Leaders and managers do not have to risk lives, profit, or mission failure because they failed to plan for a crisis. Do not allow yourself to be put on the defense by changing circumstances. No one enjoys wasting time, but don't be reluctant to call a meeting just to discuss something that might happen. Remember the oil filter theory. Rather than disobey your instincts and proceed with the status quo or embark on a risky course, invest some planning time in your business. Control your risks. Identify important decision points. Forecast potential crisis. Apply the six hour model. A little time spent discussing your business is never wasted.”

Wheeler L. Baker (1938) President of Hargrave Military Academy

Source: Crisis Management: A Model For Managers (1993), p. 74

Failure, Business, Decision, Change

“The vanguard of industrial investment in the world capitalist system is in the lowest paid segment of those countries paying the lowest wages. Young women in developing countries are the labor force on this frontier just as women and children were in the industrialization of England and Europe in the nineteenth century. Escaping the patriarchal restrictions of domestic production, young women workers are segregated in the new industrial compounds where they are subject to the patriarchal control of managers.”

June Nash (1927–2019) American anthropologist

Source: Women, Men, and the International Division of Labor, 1983, p. x

Women, Children, World, Country

“Microsoft has had two goals. One was to copy the Mac and the other was to copy Lotus' success in the spreadsheet. And over the course of the last 10 years, Microsoft accomplished both of those goals. And now they are completely lost.
They were able to copy the Mac because the Mac was frozen in time. The Mac didn't change much for the last 10 years. It changed maybe 10 percent. It was a sitting duck. It's amazing that it took Microsoft 10 years to copy something that was a sitting duck. Apple, unfortunately, doesn't deserve too much sympathy. They invested hundreds and hundreds of millions of dollars into R&D, but very little came out They produced almost no new innovation since the original Mac itself.”

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

Steve Jobs, "Steve Jobs in 1994: The Rolling Stone Interview" https://www.rollingstone.com/culture/news/steve-jobs-in-1994-the-rolling-stone-interview-20110117 June 16, 1994, reprinted in Jeff Goodell, Rolling Stone, January 17, 2011 1990s, Rolling Stone interview (1994)

Change, Time, Success

“I've always wanted to invest. That’s why I started working on Wall Street in the first place, back in 1986 when I went through the Salomon Brothers training program. My move to investing was delayed in part because I just loved what I was doing. I took a step back and said, ‘If I don’t do this now, I never will.”

Mary Meeker (1959) American venture capitalist and securities analyst

Forbes: "Mary Meeker: New Job, But Still Queen of the 'Net" https://www.forbes.com/sites/ericsavitz/2012/07/19/mary-meeker-new-job-but-still-queen-of-the-net/#571d2644119a (19 July 2012)

Love, Parting, Training

“The private ownership of great art, its seclusion from the general view of men and women, let alone from that of interested amateurs and scholars, is a curious business. The literal disappearance of a Turner or a Van Gogh into some Middle Eastern or Latin-American bank vault to be kept as investment and collateral, the sardonic decision of a Greek shipping tycoon to put an incomparable El Greco on his yacht, where it hangs at persistent risk — these are phenomena that verge on vandalism.”

George Steiner (1929–2020) American writer

"The Cleric of Treason".
George Steiner: A Reader (1984)

Women, Men, Art, Business

“Suppose a clothing manufacturer learns of a machine that will make men’s and women's overcoats for half as much labor as previously. He installs the machines and drops half his labor force.This looks at first glance like a clear loss of employment. But the machine itself required labor to make it; so here, as one offset, are jobs that would not otherwise have existed. The manufacturer, how ever, would have adopted the machine only if it had either made better suits for half as much labor, or had made the same kind of suits at a smaller cost. If we assume the latter, we cannot assume that the amount of labor to make the machines was as great in terms of pay rolls as the amount of labor that the clothing manufacturer hopes to save in the long run by adopting the machine; otherwise there would have been no economy, and he would not have adopted it.So there is still a net loss of employment to be accounted for. But we should at least keep in mind the real possibility that even the first effect of the introduction of labor-saving machinery may be to increase employment on net balance; because it is usually only in the long run that the clothing manufacturer expects to save money by adopting the machine: it may take several years for the machine to "pay for itself."After the machine has produced economies sufficient to offset its cost, the clothing manufacturer has more profits than before. (We shall assume that he merely sells his coats for the same price as his competitors, and makes no effort to undersell them.) At this point, it may seem, labor has suffered a net loss of employment, while it is only the manufacturer, the capitalist, who has gained. But it is precisely out of these extra profits that the subsequent social gains must come. The manufacturer must use these extra profits in at least one of three ways, and possibly he will use part of them in all three: (1) he will use the extra profits to expand his operations by buying more machines to make more coats; or (2) he will invest the extra profits in some other industry; or (3) he will spend the extra profits on increasing his own consumption. Whichever of these three courses he takes, he will increase employment.”

Henry Hazlitt book Economics in One Lesson

Economics in One Lesson (1946), The Curse of Machinery (ch. 7)

Women, Men, Money, Hope

“To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble. Judging by Mr. Greenspan's remarkably cheerful recent testimony, he still thinks he can pull that off. But the Fed chairman's crystal ball has been cloudy lately; remember how he urged Congress to cut taxes to head off the risk of excessive budget surpluses? And a sober look at recent data is not encouraging.”

Paul Krugman (1953) American economist

"Dubya's Double Dip?" http://www.nytimes.com/2002/08/02/opinion/dubya-s-double-dip.html, The New York Times, 2 August 2002 :It should be noted that Krugman was being sarcastic http://www.cepr.net/index.php/blogs/beat-the-press/when-someone-says-paul-krugman-called-for-greenspan-to-create-a-housing-bubble-back-in-2002-they-are-trying-to-say-that-they-are-either-a-fool-or-a-liar; two weeks later, he wrote an article http://www.nytimes.com/2002/08/16/opinion/mind-the-gap.html warning about the dangers of a housing bubble. The New York Times Columns

Business, Thinking, Fight, Housing

“My peculiarity is that I don't have a particular style of investing or, more exactly, I try to change my style to fit the conditions.”

George Soros (1930) Hungarian-American business magnate, investor, and philanthropist

Soros on Soros (1995)

Change

“One night in Boston I went out to dinner with my editor and his wife—this was my first editor, the beloved editor, and I was in awe of him; I still am in awe of him. The editor kissed me on the cheek as we parted and called me his “darling boy,” as if thereby investing me with the Order of Letters Genteel. It was among the happiest nights of my life; I was filled with sadness as I watched the two of them, the editor and his wife, walk away.”

Richard Rodríguez (1944) American journalist and essayist

Darling: A Spiritual Autobiography (2013)

Life, Sadness, Boy, Kiss

“This “sublime revenge” of ressentiment (in Nietzsche's words) has indeed played a creative role in the history of value systems. It is “sublime,” for the impulses of revenge against those who are strong, healthy, rich, or handsome now disappear entirely. Ressentiment has brought deliverance from the inner torment of these affects. Once the sense of values has shifted and the new judgments have spread, such people cease to be enviable, hateful, and worthy of revenge. They are unfortunate and to be pitied, for they are beset with “evils.” Their sight now awakens feelings of gentleness, pity, and commiseration. When the reversal of values comes to dominate accepted morality and is invested with the power of the ruling ethos, it is transmitted by tradition, suggestion, and education to those who are endowed with the seemingly devaluated qualities. They are struck with a “bad conscience” and secretly condemn themselves. The “slaves,” as Nietzsche says, infect the “masters.” Ressentiment man, on the other hand, now feels “good,” “pure,” and “human”—at least in the conscious layers of his mind. He is delivered from hatred, from the tormenting desire of an impossible revenge, though deep down his poisoned sense of life and the true values may still shine through the illusory ones. There is no more calumny, no more defamation of particular persons or things. The systematic perversion and reinterpretation of the values themselves is much more effective than the “slandering” of persons or the falsification of the world view could ever be."”

Max Scheler (1874–1928) German philosopher

Variant: The man of ressentiment cannot justify or even understand his own existence and sense of life in terms of positive values such as power, health, beauty, freedom, and independence. Weakness, fear, anxiety, and a slavish disposition prevent him from obtaining them. Therefore he comes to feel that “all this is vain anyway” and that salvation lies in the opposite phenomena: poverty, suffering, illness, and death. This “sublime revenge” of ressentiment (in Nietzsche’s words) has indeed played a creative role in the history of value systems. It is “sublime,” for the impulses of revenge against those who are strong, healthy, rich, or handsome now disappear entirely. Ressentiment has brought deliverance from the inner torment of these affects. Once the sense of values has shifted and the new judgments have spread, such people cease to been viable, hateful, and worthy of revenge. They are unfortunate and to be pitied, for they are beset with “evils.” Their sight now awakens feelings of gentleness, pity, and commiseration. When the reversal of values comes to dominate accepted morality and is invested with the power of the ruling ethos, it is transmitted by tradition, suggestion, and education to those who are endowed with the seemingly devaluated qualities. They are struck with a “bad conscience” and secretly condemn themselves. The “slaves,” as Nietzsche says, infect the “masters.” Ressentiment man, on the other hand, now feels “good,” “pure,” and “human”—at least in the conscious layers of his mind. He is delivered from hatred, from the tormenting desire of an impossible revenge, though deep down his poisoned sense of life and the true values may still shine through the illusory ones. There is no more calumny, no more defamation of particular persons or things. The systematic perversion and reinterpretation of the values themselves is much more effective than the “slandering” of persons or the falsification of the world view could ever be.
Source: Das Ressentiment im Aufbau der Moralen (1912), L. Coser, trans. (1973), pp. 76-77

Life, Hate, People, World

“I update negatively on people who mislead (including expressing great confidence while being wrong, and especially including avoidable mischaracterizations of others' views); people who do tangible damage (usually by misleading); and people who create little of value despite large amounts of opportunity and time investment.”

Holden Karnofsky (1981) American nonprofit executive

In "Some Thoughts on Public Discourse" http://effective-altruism.com/ea/17o/some_thoughts_on_public_discourse/, February 2017

People, Confidence, Time

“Too many Oregonians know the heartbreak of a jobless economic recovery. To create new, high-paying jobs, we need investment in Main Street as well as Wall Street.”

David Wu (1955) American politician

David Wu (January 20, 2004) "Oregon Issues and the President's State of the Union." United States House of Representatives. ( Available online at 108th Congress (2003-2004) http://www.house.gov/wu/floor_speeches.shtml)

“I feel it is our inherent duty as a humane society, above any intangible responsibility, to invest in our world's children’s potential, passion and confidence.”

Masiela Lusha (1985) Albanian actress, writer, author

Quoted in the Tolucan Times http://tolucantimes.info/section/inside-this-issue/young-author-makes-her-mark-in-the-world-of-children’s-literature/

Children, World, Feeling, Confidence

“Shortly after taking office in 1993, President Bill Clinton and Vice President Al Gore called for a shift in American technology policy toward an expansion of public investments in partnerships with private industry.”

Lewis M. Branscomb (1926) physicist and science policy advisor

L.M. Branscomb, J.H. Keller (1999) Investing in innovation: creating a research and innovation policy that works.

Partnership

“Though business conditions may change, corporations and securities may change, and financial institutions and regulations may change, human nature remains the same. Thus the important and difficult part of sound investment, which hinges upon the investor's own temperament and attitude, is not much affected by the passing years.”

Benjamin Graham (1894–1976) American investor

Introduction, p. xxiv
The Intelligent Investor: The Classic Text on Value Investing (1949)

Business, Nature, Change, Parting

“We know that investment causes growth. But it is also true that growth causes investment.”

Jim Stanford (1961) Canadian economist

Part 3, Chapter 12, Investment and Growth, p. 144 (See also: Government spending.)
Economics For Everyone (2008)

“There are earth-shattering events going on around you, Lydia. men are scheming, debating, plotting, intriguing for the future of our country but, despite all their talk, it is the little children who are really creating the future. While these big men spend hours talking and arguing, you and your friends are busy building a nation. I don't exaggerate: all societies must be based on justice, love, trust and sharing. Though only 3, you are already practising them in your playgroup. Left to yourselves, you black and white children are actually doing that, while the politicians nervously insert clauses into bills to guard their investments and vested interest, or to protect people from people. You don't need to be protected from children of other races, because to you they are simply your friends, and you accept them totally for what they are. Your playgroup is based on trust. That is a precious commodity. I hope you never lose it. When men in Namibia act on that lesson we too, like you, can begin to build a nation.”

Colin Winter (1928–1981) Bishop of Damaraland noted for opposing apartheid; exiled Bishop of Namibia; Irish-British Anglican bishop

"An Open Letter to Lydia Morrow" Pro Veritate, V.15, No. 4 (September 1976) http://disa.nu.ac.za/articledisplaypage.asp?filename=PVSep76&articletitle=An+open+letter+to+Lydia+Morrow+from+Colin+Winter%2C+Bishop+of+Damaraland+in+exile+++++++++&searchtype=browse. Pro Veritate http://disa.nu.ac.za/journals/jourpvexpand.htm was a Christian monthly journal published in South Africa from 1962 to 1977. Lydia Morrow was the small daughter of Winter's friends and associates, Edward and Laureen Morrow.

Love, Men, Children, People

“Everything emotional in America becomes a mere show and make-believe. Americans are trained to invest money, are said to take even desperate chances on that, yet never do they invest [in] beauty nor take desperate chances on that. With money they try to buy beauty--after it has died--famishing--with grimace. Beauty is ever dead in America.”

Elsa von Freytag-Loringhoven (1874–1927) German poet

Quoted in Irene Gammel, Baroness Elsa: Gender, Dada and Everyday Modernity, p 251-252.

Money, Beauty, Chance, Training

“Young women especially have something invested in being nice people, and it's only when you have children that you realise you’re not a nice person at all, but generally a selfish bully.”

Fay Weldon (1931) English author, essayist and playwright

The Independent on Sunday, May 5, 1991.

Women, Children, People, Personality

“The intermediate goal is the creation of millions of new jobs and livelihood opportunities. This would necessitate being able to successfully attract much greater amounts of direct investments, especially foreign investments.”

Francis Escudero (1969) Filipino politician

2009, Speech: The Socio-Economic Peace Program of Senator Francis Escudero

“I was involved with organising migrant worker nannies, domestic workers, in New York State with the IAF. We flew them to a hotel, got them together, and got them to talk to each other about what their issues were. What was incredible was that out of those 300 nannies all of them were prepared to pay a not insubstantial part of their wages to join a union that could articulate their concerns. They were getting sexual harassment, exploitation. It only grew out of them meeting each other, they had to have that initial investment to get them together. They came from all over the world but what they found when they got together was they had the same issues. If people knew you could join a union, get on, and protect each other it would be transformative – we’ve got to find a way, to put it bluntly, of supporting good work. There needs to be a complete transformation of the language and agenda of unions.”

Maurice Glasman, Baron Glasman (1961) British philosopher

Left Foot Forward, 7 September 2011 https://leftfootforward.org/2011/09/lord-maurice-glasman-interview-unions-labour-party-businesses/

People, World, Way, Support

“The belief that women are discriminated against in the workplace reinforces a couple's tendency to have the woman stay at home. It is the tendency for women to stay at home that makes the workplace value her less. then, shortly after she is married, it begins to make sense for her to move for her husband's career, not for her husband to move for her career. Conversely, it makes sense for them to invest in his medical, law, or engineering degree--rather than hers… ironically, then, a reality has been created from a false reality. And, ironically, women's careers are hurt via comments meant to prod a society into helping women's careers. The road to hell is paved…”

Warren Farrell (1943) author, spokesperson, expert witness, political candidate

Source: Why Men Earn More (2005), p. 145.

Women, Law, Home, Hell

“The tradition of "turkey pardoning" in the US is a wonderful allegory for new racism. Every year, the National Turkey Federation presents the US president with a turkey for Thanksgiving. Every year, in a show of ceremonial magnanimity, the president spares that particular bird (and eats another one). After receiving the presidential pardon, the Chosen One is sent to Frying Pan Park in Virginia to live out its natural life. The rest of the 50 million turkeys raised for Thanksgiving are slaughtered and eaten on Thanksgiving Day. ConAgra Foods, the company that has won the Presidential Turkey contract, says it trains the lucky birds to be sociable, to interact with dignitaries, school children and the press.

That's how new racism in the corporate era works. A few carefully bred turkeys - the local elites of various countries, a community of wealthy immigrants, investment bankers, the occasional Colin Powell, or Condoleezza Rice, some singers, some writers (like myself) - are given absolution and a pass to Frying Pan Park.
The remaining millions lose their jobs, are evicted from their homes, have their water and electricity connections cut, and die of AIDS. Basically, they're for the pot. But the fortunate fowls in Frying Pan Park are doing fine. Some of them even work for the IMF and the World Trade Organisation - so who can accuse those organisations of being anti-turkey? Some serve as board members on the Turkey Choosing Committee - so who can say that turkeys are against Thanksgiving? They participate in it! Who can say the poor are anti-corporate globalisation? There's a stampede to get into Frying Pan Park. So what if most perish on the way?”

Arundhati Roy (1961) Indian novelist, essayist

From a speech http://www.greenleft.org.au/back/2004/569/569p12.htm given at the World Social Forum in Mumbai, 16 January 2004 Speeches

Life, Children, World, School

“Between 1999 and 2004 there was no investment in Australia, it all went into housing and consumption all borrowed on the current account. When Peter Costello runs around saying, 'Oh we've paid off the debt,' it's like the pea and thimble trick. The Government debt or the massive private debt abroad? It's continuing to grow.”

Paul Keating (1944) Australian politician, 24th Prime Minister of Australia

7:30 Report interview, May 8, 2006

Housing

“While acknowledging our mutual affection by publicly assuming the relationship of husband and wife, yet in justice to ourselves and a great principle, we deem it a duty to declare that this act on our part implies no sanction of, nor promise of voluntary obedience to such of the present laws of marriage, as refuse to recognize the wife as an independent, rational being, while they confer upon the husband an injurious and unnatural superiority, investing him with legal powers which no honorable man would exercise, and which no man should possess.”

Lucy Stone (1818–1893) American abolitionist and suffragist

Marriage protest (1855)

Marriage, Justice, Law, Exercises

“Other powers will continue to enjoy an equal right to trade in and develop the natural resources of the occupied territory, for the economic development of which the investment of foreign capital is very desirable.”

Kōki Hirota (1878–1948) Japanese politician executed

Quoted in "British Relations with China" - Page 138 - by Irving Sigmund Friedman - History - 1940.

Nature

“I began my previous Beliefnet column with the line, "Throughout history, religion has been the single greatest source of human-caused wars, suffering, and misery. In the name of God, more suffering has been inflicted than by any other manmade cause." I was, of course, using the word "religion" in its sociological meaning, as any belief invested with "ultimate concern," in which case not only Islam, Christianity, and Shintoism are religions, but Marxism, Nazism, and Eco-terrorism are all versions of religions or religiously held beliefs. Seen as such, the opening sentence is obviously true.”

Ken Wilber (1949) American writer and public speaker

Which Level of God Do You Believe In? (2004)

God, War, Religion, History

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

The Second Declaration of Havana (1962)

Hunger, War, People, Truth

“We who live abroad are accustomed to believe that almost all Eretz Yisrael is now uninhabited desert and whoever wishes can buy land there as he pleases. But this is not true. It is very difficult to find in the land [ha'aretz] cultivated fields that are not used for planting. Only those sand fields or stone mountains that would require the investment of hard labor and great expense to make them good for planting remain uncultivated and that's because the Arabs do not like working too much in the present for a distant future. Therefore, it is very difficult to find good land for cattle. And not only peasants, but also rich landowners, are not selling good land so easily…We who live abroad are accustomed to believing that the Arabs are all wild desert people who, like donkeys, neither see nor understand what is happening around them. But this is a grave mistake. The Arab, like all the Semites, is sharp minded and shrewd. All the townships of Syria and Eretz Yisrael are full of Arab merchants who know how to exploit the masses and keep track of everyone with whom they deal – the same as in Europe. The Arabs, especially the urban elite, see and understand what we are doing and what we wish to do on the land, but they keep quiet and pretend not to notice anything. For now, they do not consider our actions as presenting a future danger to them. … But, if the time comes that our people's life in Eretz Yisrael will develop to a point where we are taking their place, either slightly or significantly, the natives are not going to just step aside so easily.”

Ahad Ha'am (1856–1927) Hebrew essayist and thinker

Source: Wrestling with Zion, pp. 14-15.

Life, People, Mountain, Understanding

“Motives, attitudes, and expectations of consumers and businessmen play a significant role in determining spending, saving, and investing and that modern psychology provides conceptual as well as methodological tools for the investigation of economic behavior.”

George Katona (1901–1981) American psychologist

George Katona, Psychological economics. Elsevier, 1975.

Behavior, Motivation

“It’s a women’s issue, but a lot of the women wouldn’t be having abortions if the men would step up and be a part of what they are already biologically a part of. Raising children and having children, even though the women birthed the child, is designed for two people to do it. And there is so much undue stress and pressure on the woman if the other one isn’t there. So, really one thing we do is say it’s a woman’s issue, forcing the woman to have to deal with it on her own, so that way men don’t have to. As a man, I am going to passive-aggressively tell you you are in control, when really I am just telling you that because it makes my life easier, cause that way I don’t have to step up and make a decision. I obviously think that a man has just as much invested in that child as the woman does. He need to be there to support her through the physical changes of the pregnancy, and help and provide emotional strength, and do it together. As much as he has a role in making the baby in the first place, it needs to take both of them the whole way through. Any idea that a man doesn’t have a role in it is not true, and is simply more about politics and making a man’s life easier.”

Benjamin Watson (1980) gridiron football player

Benjamin Watson Interview, Part Two http://turningpointfriends.org/benjamin-watson-interview-part-two/

Life, Women, Men, Children

“The biggest challenge [for solar power] is escaping from the economic effects of vendor lock-in where large investments in nuclear and traditional energy sources keep us 'locked-in' to feeding monsters that will bring us down an economic black hole. It's rather like the play The Little Shop of Horrors where a man-eating plant is initially fed small amounts, but then its voracious appetite sends it into a downward spiral swallowing up anyone that gets in its way.”

Derek Abbott (1960) Physicist, engineer

On energy supply and solar power

Way

“The actual manufacture of material into a specific product is a sort of digestive process which must have a functioning organization purposed to meet the required ends, just as the human body has, and it is governed by similar conditions. It must also be directed by a specific intelligence and must have internal and external avenues of correspondence to keep it alive; and, like a living organism, must adhere to the eternal economy of things and show a profit by its activities or it cannot progress.
To exemplify this in a simple way, the writer has laid out Figure I, showing the prime elements composing the anatomy of an industrial body. One does not have to draw on the imagination very far to make a comparison of this anatomy with that of man. It has its mind, will power, and brain to direct it, as indicated by the stockholders, directors and executive officers, a heart which keeps in flow the circulating medium internally; and avenues of correspondence with the outside world which furnish to it the very elements of existence.
This chart shows first, that the stockholders are simply elements belonging to the general public who have made an investment for some specific purpose; second, that immediately after this, the election of directors sets into action the first internal factor in the body, which is then divided into different functioning powers by the election of executive officers.”

Clinton Edgar Woods (1863) American engineer

Source: Organizing a factory (1905), p. 24

World, Way, Imagination, Intelligence

“Under the market system, there is demand for a product if a lot of people want it - but that demand counts for nothing if those people have no money. If they lack money, their demand essentially doesn't exist…This explains why the drug industry is not investing money to develop a cure for a disease known as sleeping sickness, which leaves its victims in a coma. The disease…killed 66,000 people last year and threatens to infect 60 million more - but the only people who are afflicted by it are poverty-stricken Africans with no clout in the marketplace. Interestingly, there is a drug called eflornithine that is effective in lifting victims out of their comas. But drug companies stopped producing eflornithine in 1995 because it was no longer profitable to continue. The drug was still desperately needed, but only by people without money. So, following modern market practices, these people were simply left in a coma.”

Linda McQuaig (1951) journalist and author

All You Can Eat: Greed, Lust and the New Capitalism (2001)

Money, People, Disease, Sleep

“For people like us it is necessary to be a bit stronger, more self-critical, more observant than the usual run. Whether we happen to come already enhanced with these qualities, as some have claimed, or whether our situation invests them in us, we have traditionally - and we do have a long and proud tradition - been a little finer, a little firmer, more sensitive and flexible than others… There will be times when only your own spine can support you, moments when only your own wit can inspire you, days when nothing but exacting self-control can raise you from bed, nights when nothing but your word can impel you into society. But of all these disciplines, there is nothing you must hold to more sternly than to be kind and sympathetic. The easiest armor to put on is always cruelty. That armor will, indeed, see you through everything. Vicious condescension toward those without your strength can make you feel momentarily superior. But that easy armor must be forgone. Don't ever curdle that creamy brow with lines of easy disdain, or curl those lips with a popular sneer. Of all the models available, the one of gentleman in our late war is most succinct: Face what you have to face with humor, dignity, and style; protect yourself with knightly grace; have contempt for your own weakness and never encourage it in others; but never, Ralph, never for an instant permit yourself to feel anything other than pity and deepest sympathy for unfortunate comrades who have, after all, fallen in the same battle.”

Robert Patrick (playwright) (1937) Playwright, poet, lyricist, short story writer, novelist

One of Those People
Untold Decades: Seven Comedies of Gay Romance (1988)

War, People, Feeling, Support

“Men are excessively ruthless and cruel not as a rule out of malice but from outraged righteousness. How much more is this true of legally constituted states, invested with all this seeming moral authority of parliaments and congresses and courts of justice! The destructive capacity of an individual, however vicious, is small; of the state, however well-intentioned, almost limitless. Expand the state and the destructive capacity necessarily expands too. Collective righteousness is far more ungovernable than any individual pursuit of revenge. That was a point well understood by Woodrow Wilson, who warned: 'Once lead this people into war and they'll forget there ever was such a thing as tolerance.”

Paul Johnson (1928) journalist, historian and speechwriter from England

Modern Times (1983).

Men, War, People, Justice

“Ironically, by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market. This is because the special privileges granted to Fannie and Freddie have distorted the housing market by allowing them to attract capital they could not attract under pure market conditions. As a result, capital is diverted from its most productive use into housing. This reduces the efficacy of the entire market and thus reduces the standard of living of all Americans. Despite the long-term damage to the economy inflicted by the government’s interference in the housing market, the government’s policy of diverting capital to other uses creates a short-term boom in housing. Like all artificially-created bubbles, the boom in housing prices cannot last forever. When housing prices fall, homeowners will experience difficulty as their equity is wiped out. Furthermore, the holders of the mortgage debt will also have a loss. These losses will be greater than they would have otherwise been had government policy not actively encouraged over-investment in housing.”

Ron Paul (1935) American politician and physician

Fannie Mae and Freddie Mac Subsidies Distort the Housing Market, September 10, 2003 http://www.house.gov/paul/congrec/congrec2003/cr091003.htm 2000s, 2001-2005

Pain, Loss, Housing

“Here's what we shouldn't do. We shouldn't import failed criminal justice policies from the United States. Mega prisons and mandatory minimums have failed in the United States, we've got to learn from the failure of the American criminal justice policy. Get tough on guns, invest in crime prevention and invest in victim services”

Michael Ignatieff (1947) professor at Harvard Kennedy School and former Canadian politician

English Language Leaders' Debate, April 12, 2011, http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20110413/main-election-110413/20110413?s_name=election2011

Justice, Failure, Learning

“The capitalists of a country which manages to capture foreign markets from other countries are able to increase their profits at the expense of the capitalists of the other countries. Similarly, a colonial metropolis may achieve an export surplus through investment in its dependencies.”

Michał Kalecki (1899–1970) Polish economist

Source: Theory of Economic Dynamics (1965), Chapter 3, The Determinants of Profits, p. 51

Dependency, Country

“In the network economy, producing and consuming fuse into a single verb: prosuming. Since a relationship involves two members investing in it, its value increases twice as fast as one's investment.”

Kevin Kelly (1952) American author and editor

Out of Control: The New Biology of Machines, Social Systems and the Economic World (1995), New Rules for the New Economy: 10 Radical Strategies for a Connected World (1999)

“What I saw generically on the pro-biotech side was the attitude that the technology was good and that it was almost immoral to say that it wasn't good because it was going to solve the problems of the human race and feed the hungry and clothe the naked. And there was a lot of money that had been invested in this, and if you're against it, you're Luddites, you're stupid. There was rhetoric like that even here in this department. You felt like you were almost an alien, disloyal, by trying to present an open-minded view on some of the issues being raised. So I pretty much spouted the rhetoric that everybody else around here spouted; it was written into my speeches.”

Dan Glickman (1944) American businessman and politician

Unidentified speech as outgoing Secretary of Agriculture, c. January 2001
Quoted in [Bill, Lambrecht, http://www.mindfully.org/GE/Dan-Glickman-Outgoing.htm, Outgoing Secretary Says Agency's Top Issue Is Genetically Modified Food, St. Louis Post-Dispatch, 25 January 2001, 2007-01-17]

Money, Stupidity, Problem, Clothes

“The reality is that business and investment spending are the true leading indicators of the economy and the stock market. If you want to know where the stock market is headed, forget about consumer spending and retail sales figures. Look to business spending, price inflation, interest rates, and productivity gains.”

Mark Skousen (1947) American economist, investment analyst, newsletter editor, college professor and author

Mark Skousen; in: The Freeman: Ideas on Liberty, Vol. 60, Nr. 3-10 (2010). p. 7

Business, Reality, Forgetting

“Even the slave owner is restricted in his ability to manipulate his labor supply, for he must protect his investment in slaves by feeding them during times when they do not labor. In contrast, capitalist entrepreneurs can hire and fire laborers or very their wages in response to changing circumstances.”

Eric Wolf (1923–1999) American anthropologist

Source: Europe and the People Without History, 1982, Chapter 12 The New Laborers, p. 356.

Change, Time

“Nobody is entitled to someone else's money, that is the bottom line. People think they are entitled to it because they think they paid into it, nobody paid into anything, it was a fraud. Every single dollar that the gov collected in social security taxes, has already been spent, there is nothing there, there is no money, so the only money the government gets to make current payment is the money it can take from people who are still working. Its a transfer from the working poor in many cases to the retired rich. We don't have the money, I feel bad for the fact people made promises we can't keep, I feel bad for the people that invested with Bernie Madoff and lost their money, but its the same principle, its the same Ponzi scheme. We have to put an end to it, we have to find real solution to these problems because if we keep on denying that they exist and keep on spending money, we're going to destroy the value of everyone's benefits.”

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

RTC, Avon, CT, 10th May 2010

Money, People, Feeling, Fraud

“The current inclination of the company is to invest heavily … we test stuff and, when it works, we put a lot more emphasis on it. So, Google+ — all the signs are very positive, so now the whole company is ramping up on top of it.”

Eric Schmidt (1955) software engineer, businessman

With 'Millions' Of Users & Growing, Google+ Set To Power All Google Products http://searchengineland.com/with-millions-of-users-growing-google-set-to-power-all-google-products-85032 in Search Engine Land (9 July 2011).

“Why are ecologists and environmentalists so feared and hated? This is because in part what they have to say is new to the general public, and the new is always alarming. Moreover, the practical recommendations deduced from ecological principles threaten the vested interests of commerce; it is hardly surprising that the financial and political power created by these investments should be used sometimes to suppress environmental impact studies. However, I think the major opposition to ecology has deeper roots than mere economics; ecology threatens widely held values so fundamental that they must be called religious. An attack on values is inevitably seen as an act of subversion.”

Garrett Hardin (1915–2003) American ecologist

Naked Emperors : Essays of a Taboo-Stalker (1982)

Hate, Fear, Thinking, Study

“The fears of recession in the aftermath of Black Monday have turned to fears of the economy racing ahead too fast, with inflation edging up and a substantial current account deficit…people understandably feel more confident about their future than they've done for decades, but as a result they have been borrowing more and saving less…coming on top of a massive income investment boom, it's all been just a bit too much of a good thing.”

Nigel Lawson (1932) British Conservative politician and journalist

Speech to the Conservative Party Conference (13 October, 1988).

People, Fear, Feeling, Confidence

“The great majority of politicians and other interested persons tend to…. concentrate on…. measures such as education and training of labour and investment in modern efficient capital equipment…. These reforms are of extreme importance but they are concerned basically with raising the output per head of those who are in employment rather than about the number of heads that will find suitable employment.”

James Meade (1907–1995) British economist

James Meade, Full Employment Regained? An Agathotopian Dream, Cambridge University Press, Cambridge, (1995), p. xvii; As cited in: O'higgins, Niall. "The challenge of youth unemployment." International Social Security Review 50.4 (1997): p. 89

Education, Personality, Training

“Of course we have to make a profit, but we have to make a profit over the long haul, not just the short term, and that means we must keep investing in research and development - it has run consistently about 6 percent of sales at Sony - and in service.”

Akio Morita (1921–1999) Japanese businessman

Source: Made in Japan (1986), p. 156.

“In the Renaissance there is much light, yes, and there is much in it with which Italians may share national pride. But there is much darkness. For the Renaissance is also the age of individualism, that through the splendid visions of poetry and art brought the Italian nation to the indifference, skepticism, and distracted cynicism of those who have nothing to defend, not in their family, their Fatherland, or in the world where every human personality conscious of its own value and personal dignity invest itself.”

Giovanni Gentile (1875–1944) Italian neo-Hegelian Idealist philosopher and politician

Che cosa è il fascismo: Discorsi e polemiche (“What is Fascism?”), Florence: Vallecchi, (1925) pp. 13-16

Age, World, Family, Art

“Global economic competition is a game of unequal players … Consequently, it is only fair that we 'tilt the playing field' in favour of the weaker countries. In practice, this means allowing them to protect and subsidize their producers more vigorously and to put stricter regulations on foreign investment. These countries should also be allowed to protect intellectual property rights less stringently so that they can more actively 'borrow' ideas from more advanced countries.”

Ha-Joon Chang book Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism

Source: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 9, Tilting the playing field, p. 219

Game, Idea, Country

“Accounting for the artificial boom and the consequent bust is not part of Keynesian income-expenditure analysis, nor is it an integral part of monetarist analysis. The absence of any significant relationship between boom and bust is an inevitable result of dealing with the investment sector in aggregate terms. The analytical oversight derives from theoretical formulation in Keynesian analysis and from empirical observation in monetarist analysis. But from an Austrian perspective, the differences in method and substance are outweighed by the common implication of Keynesianism and monetarism, namely, that there is no boom-bust cycle of any macroeconomic significance.”

Roger Garrison (1944) American economist

Pages 136–137.
"Is Milton Friedman a Keynesian?" (1992)

Parting

“We invested in a solar company, our country. That was a disaster. They lost plenty of money on that one. Now, look, I'm a great believer in all forms of energy, but we're putting a lot of people out of work. Our energy policies are a disaster. Our country is losing so much in terms of energy, in terms of paying off our debt. You can't do what you're looking to do with $20 trillion in debt. The Obama administration, from the time they've come in, is over 230 years' worth of debt, and he's topped it. He's doubled it in a course of almost eight years, seven-and-a-half years, to be semi- exact.”

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

2010s, 2016, September, First presidential debate (September 26, 2016)

Money, People, Time, Country

“If this government wants to be fair dinkum, then it must stop kowtowing to financial markets, international organisations, world bankers, investment companies and big business people. The Howard government must become visionary and be prepared to act, even at the risk of making mistakes.”

Pauline Hanson (1954) Australian politician

Maiden Speech (1996)

People, World, Business

“Production systems which are technologically the most advanced are also the least adaptable and work to the longest time scale of decision making. These are the process industries (chemical plants, oil refineries and so on) in which vast resources are invested in the creation of a closely programmed and tightly controlled process which will continue to perform the same task over a very long period.”

Joan Woodward (1916–1971) British sociologist

Joan Woodward (1965, 1970), as cited in: Romiszowski, A. J. (2016). Designing Instructional Systems: Decision Making in Course Planning ..., p. 13

Decision, Time

“It was the FLP that was committed to reducing the cost of doing business and started by lowering the cost of utilities, and requested the commercial banks and lending organizations to reduce their fees, charges and interest rates. The FLP also moved to reduce public expenditure, which saw a saving of $96 million in its year in office. It was also the FLP, which lowered interest in Housing Authority home loans from 12 per cent to 6 per cent for those on lower incomes. It was the aggregate effect of this and a range of other measures of tight fiscal control, investment in key growth areas and a firm hand on curbing corruption that saw the economy record an unprecedented growth of 9.6% in 1999.”

Mahendra Chaudhry (1942) Fijian politician

Reaction to Prime Minister Laisenia Qarase's address to the Fiji Employers Federation in Nadi, 4 September 2005

Home, Business, Housing

“Myrdalian ex ante language would have saved the General Theory from describing the flow of investment and the flow of saving as identically, tautologically equal, and within the same discourse, treating their equality as a condition which may, or not, be fulfilled”

G. L. S. Shackle (1903–1992) British economist

G. L. S. Shackle (1989) "What did the General Theory do?", in J. Pheby (ed), New Directions in Post-keynesian Economics, Aldershot: Edward Elgar.

“We are not interested in spookism which is what our spiritualism in Africa degenerated into. That is, invested in a spook estate up in the sky and paying little attention to real estate on this earth.”

Maulana Karenga (1941) Political activist

Kwanzaa: Origin, Concepts, Practice (1977)

“In this regard, I hope the dry rubber products segment continues to chart a more creditable growth in exports. These are challenging times. On the external front, the United States-China trade conflict, if protracted, could affect global growth and demand. On the domestic front, the private sector has to step up investment to drive economic growth, especially in the downstream sector.”

Teresa Kok (1964) Malaysian politician

Teresa Kok (2018) cited in " Teresa Kok: Rubber to surpass palm oil’s contribution to economy https://www.freemalaysiatoday.com/category/nation/2018/09/18/teresa-kok-rubber-to-surpass-palm-oils-contribution-to-economy/" on FMT News, 18 September 2018

Hope, Time

“… in economic political discussions there is a nearly infinite number of specific questions that may be asked. Besides the ones mentioned in section 3 consider for instance these: "Should we build a road between points A and B in the country?", "Should we promote investments that will give employment to many people, or should we on the contrary promote such investment which will save labour?"… "Should we put more emphasis on things that have up to now not been included in the statistical concept of the gross national product? For instance, should we try to avoid air-pollution and all the kinds of intoxications that may be caused by refuse and waste (a problem that must be studied in its totality as a problem of circulation of matter in society, much in the same way as we study interindustry relations in an input-output table)?“, “Should we assess economic value to an undisturbed nature?””

Ragnar Frisch (1895–1973) Norwegian economist

etc.
Source: 1970s and later, From Utopian Theory to Practical Applications, 1970, p. 29

People, Way, Question, Nature

“It takes real sangfroid to stare death out. Planning your own murder is a delicate undertaking, requiring as much foresight and paperwork as that invested by some girls into their first weddings.”

Antonella Gambotto-Burke book The Eclipse: A Memoir of Suicide

Source: The Eclipse: A Memoir of Suicide (2004), P. 93.

Death, Girl, Wedding

“It wasn’t the kind of answer he'd expected — too subtly penetrating and leaving too much uncommitted. He reminded himself that it was difficult to control uncommitted people. Once a man had invested his energies, he could be twisted and turned at will… but if the man held back, conserved those energies…”

Frank Herbert book The Green Brain

The Green Brain (1966)

People

“I don’t expect any conservatives to recognize the truth of Obama’s fundamental conservatism for at least a couple of decades—perhaps only after a real progressive presidency. In any case, today they are too invested in painting him as the devil incarnate in order to frighten grassroots Republicans into voting to keep Obama from confiscating all their guns, throwing them into FEMA re-education camps, and other nonsense that is believed by many Republicans. But just as they eventually came to appreciate Bill Clinton’s core conservatism, Republicans will someday see that Obama was no less conservative.”

Bruce Bartlett (1951) American historian

2010s, Obama is a Republican (2014)

Truth, Education, Painting

“There was never a more loyal woman in the South after we were forced by our political leaders to go to battle to defend our rights in ownership of African slaves, but they called it "States' Rights," and all I owned was invested in slaves and my people were loyal and I stood by them to the end. Like General Lee I could not fight against my kindred in a struggle that meant life or death to them. Nevertheless I am now too near the borderland of eternity to withhold my matured conscientious and honest opinion. If there had been no slaves there would have been no war. To fight for the perpetuation of domestic slavery was a mistake. The time had come in the United States to wipe out this evil. The South had to suffer, and even when our preachers were leading in prayer for victory, during the war, and black-robed mothers and wives were weeping for their dead ones, who perished on the field of battle, I had questions in my own mind as to what would be the end of it.”

Rebecca Latimer Felton (1835–1930) American politician

From Country Life in Georgia in the Days of My Youth Felton, p. 86 http://www.google.com/books?id=gHsLIvQ_BN0C&dq=rebecca+latimer+felton&printsec=frontcover&source=in#PPA86,M1.

Life, Death, War, People

“Let us never underestimate the motivational force that the belief in Scripture’s divine proximity has upon exegetes. They open the book having already invested their faith in the proposition that it is underwritten by God.”

Jacques Berlinerblau (1966) Associate Professor, Director of the Program for Jewish Civilization, Edmund A. Walsh School of Foreign Service,…

Source: The Secular Bible: Why Nonbelievers Must Take Religion Seriously (2005), p. 67

God, Books, Faith, Motivation

“Our most important aim is to develop definite personalities in our cartoon characters. We don't want them to be just shadows, for merely as moving figures they provoke no emotional response from the public. We invest them with life a caricature of life.”

Walt Disney (1901–1966) American film producer and businessman

Walt Disney interview, New York Times, (March 1938).

Life, Personality

“When we love others, we naturally want to talk about them, we want to show them off, like emotional trophies. We invest them with a power to do to others what they do to us; a vain hope, as the lovers of others are rarely of much interest to us. But we listen in patience, as friends must, and as Isabel now did, refraining from comment, other than to encourage the release of the story and the attendant confession of human frailty and hope.”

Alexander McCall Smith (1948) British writer

Friends, Lovers, Chocolate, chapter 5.
The Sunday Philosophy Club series

Love, Hope, Lovers, Nature

“I think the issues happen to be so important for the future of Canada. (spoken over Brian Mulroney's objections) I happen to believe that you've sold us out…once any country yields its economic levers, once a country yields its investments, once a country yields its energy, once a country yields its agriculture, once a country opens itself to a subsidy war with the United States on terms of definition, then the political ability of this country to sustain the influence of the United States, to remain as an independent nation- that is lost forever!”

John Turner (1929) 17th Prime Minister of Canada

Attacking the Free Trade agreement in the 1988 Federal Election debate, October 25, 1988.
Source: https://www.cbc.ca/archives/entry/mulroney-battles-turner-on-free-trade-in-1988

War, Country, Thinking, Future

“How do wealth-income and capital-output ratios evolve in the long run, and why? Until recently it was difficult to properly address this question, for one simple reason: national accounts were mostly about ﬂows, not stocks. Economists had at their disposal a large body of historical series on ﬂows of output, income and consumption – but limited data on stocks of assets and liabilities. When needed, for example for growth accounting exercises, estimates of capital stocks were typically obtained by cumulating past ﬂows of saving and investment. This is ﬁne for some purposes, but severely limits the set of questions one can ask.”

Thomas Piketty (1971) French economist

Piketty, Thomas, and Gabriel Zucman. Capital is back: Wealth-income ratios in rich countries, 1700-2010 http://piketty.pse.ens.fr/files/PikettyZucman2013WP.pdf. Centre for Economic Policy Research, 2013.

Exercises, Question, Past, Wealth

“If you'd asked me as a kid how rich people became poor, I'd have said by spending all their money. That's how it happens in books and movies, because that's the colorful way to do it. But in fact the way most fortunes are lost is not through excessive expenditure, but through bad investments.”

Paul Graham (1964) English programmer, venture capitalist, and essayist

"How To Lose Time And Money", July 2010

Money, People, Books, Color

“With each technological ‘revolution’, more energies began to be accessed, stored, and used than had been in the preceding epoch…On the whole, technological change is irreversible: whatever the nature of a technological revolution, it is always from the hoe to the plough, and not the other way around…Improvement generally means greater efficiency in the use of energy, materials, or information. It means greater speed, less investment of time and money, and operation on a larger scale.”

Ervin László (1932) Hungarian musician and philosopher

Laszlo (1986) "Technology and Social Change: An Approach from Nonequilibrium Systems Theory". Technological Forecasting and Social Change 29, p. 280; As cited in: K.L. Dennis (2003) An evolutionary paradigm of social systems. p. 38.

Money, Way, Nature, Change

“Ben's Mr. Market allegory may seem out-of-date in today's investment world, in which most professionals and academicians talk of efficient markets, dynamic hedging and betas. Their interest in such matters is understandable, since techniques shrouded in mystery clearly have value to the purveyor of investment advice. After all, what witch doctor has ever achieved fame and fortune by simply advising "Take two aspirins?"”

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

1987 Chairman's Letter http://www.berkshirehathaway.com/letters/1987.html Letters to Shareholders (1957 - 2012)

World, Understanding

“I did speak extensively — often quite critically — about the reviled work of Richard Goldschmidt, particularly about aspects of his thought that might merit a rehearing. This material has often been confused with punctuated equlibrium by people who miss the crucial issue of scaling, and therefore regard all statements about rapidity at any level as necessarily unitary, and necessarily flowing from punctuated equilibrium. In fact, as the long treatment in Chapter 5 of this book should make clear, my interest in Goldschmidt resides in issues bearing little relationship with punctuated equilibrium, but invested instead in developmental questions that prompted my first book, Ontogeny and Phylogeny. The two subjects, after all, are quite separate, and rooted in different scales of rapidity — hopeful monsters in genuine saltation, and punctuated equilibrium in macroevolutionary punctuation”

Stephen Jay Gould book The Structure of Evolutionary Theory

produced by ordinary allopatric speciation
Source: The Structure of Evolutionary Theory (2002), p. 1005

People, Books, Hope, Question

“Following the financial crisis of September 2008 when the American investment bank Lehman Brothers collapsed, threatening to engulf the entire banking system, the British economist John Maynard Keynes returned to center stage. In the popular press and in the writings of many economists, Keynes featured prominently as governments around the world urgently sought ways to avoid economic collapse. (…) After only a brief delay, critics of Keynes’s ideas also began to appear; but the emergence of such critics only served to emphasize the fact of his return, for only a few years earlier Keynes’s name would not even have appeared in public debate about economic policy: his ideas were seen as having so little relevance that it did not even seem necessary to mention his name when discussing the performance of the economy.”

Roger Backhouse (economist) (1951) British economist

Roger E. Backhouse and Bradley W. Bateman, ch.1 "Keynes Returns, but Which Keynes?" Capitalist revolutionary : John Maynard Keynes (2011).

World, Way, Idea, Appearance

“It is difficult to assess how much this gambling spirit is active in the minds of individual investors. If it is, even to a small degree, it is relevant to our discussion since it makes investors prone to imitation and herding because they invest on little information. It may also explain the anomalously large volatility of prices and their potential instabilities.”

Didier Sornette (1957) French scientist

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 4, Positive Feedbacks, p. 114.

“We have to be grown-ups, I think [when discussing the payment of funds today to prevent climate harm which may be decades in the future]. There are lots of things we do where the investments come way, way in the future. Educating 4-year-olds... that's an investment that goes way into the future as well.”

William D. Nordhaus (1941) American economist

"Economist Says Best Climate Fix A Tough Sell, But Worth It." http://www.npr.org/2014/02/11/271537401/economist-says-best-climate-fix-a-tough-sell-but-worth-it National Public Radio. February 11, 2014.

Education, Way, Thinking, Future

“It can be argued that the U. S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management.”

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

Quotes from Crash Proof (2006)

Wealth

“Those of us whose parenting style can be described as "a series of reflexes, instincts, and minute-by-minute adjustments," as Julie of A Little Pregnant puts it, rather than as a philosophy, are less invested in our own practices. What we do is often less a matter of conviction than one of convenience. What we need to remember is that there is no need to apologize for that, even in the face of the most red-faced outrage.”

Ayelet Waldman (1964) American- Israeli writer

Salon.com column http://www.salon.com/mwt/col/waldman/2005/08/15/judgment/index1.html

Parent

“Well, what is essential about you? And who are those who have helped you become the person that you are? Anyone who has ever graduated from a college, anyone who has ever been able to sustain a good work, has had at least one person and often many who have believed in him or her. We just don't get to be competent human beings without a lot of different investments from others.”

Fred Rogers (1928–2003) American television personality

Commencement Address at Dartmouth College June 9th, 2002 http://www.dartmouth.edu/~news/releases/2002/june/060902c.html and Commencement Address at Middlebury College May, 2001 http://web.archive.org/web/20030906163501/http://www.middlebury.edu/offices/pubaff/general_info/addresses/Fred_Rogers_2001.htm

Help, Personality

“Leibnitz, the great mathematician, published his 'Protogaea' in 1680. He imagined this planet to have been originally a burning luminous mass, and that ever since its creation it has been undergoing gradual refrigeration. Nearly all the matter of the earth was at first encompassed by fire. When the outer crust had at length cooled down sufficiently to allow the vapors to be condensed, they fell and formed a universal ocean, investing the globe, and covering the loftiest mountains. Further consolidation produced rents, vacuities, and subterranean caverns, and the ocean, rushing in to fill them, was gradually lowered. The principal feature of this theory, the gradual diminution of the original heat, and of an ancient universal ocean, were adopted by Buffon and De Luc, and entered under different modifications, into a great number of succeeding systems.”

Charles Lyell book Principles of Geology

Chpt.3, p. 45
Principles of Geology (1832), Vol. 1

Imagination, Mountain, Universe

“Sher Shah Sur’s name is associated in our textbooks with the Grand Trunk Road from Peshawar to Dacca, with caravanserais, and several other schemes of public welfare. It is true that he was not a habitual persecutor of Hindus before he became the emperor at Delhi. But he did not betray Islam when he became the supreme ruler. The test came at Raisen in 1543 AD. Shaykh Nurul Haq records in Zubdat-ul-Tawarikh as follows: “In the year 950 H., Puranmal held occupation of the fort of Raisen… He had 1000 women in his harem… and amongst them several Musulmanis whom he made to dance before him. Sher Khan with Musulman indignation resolved to conquer the fort. After he had been some time engaged in investing it, an accommodation was proposed and it was finally agreed that Puranmal with his family and children and 4000 Rajputs of note should be allowed to leave the fort unmolested. Several men learned in the law (of Islam) gave it as their opinion that they should all be slain, notwithstanding the solemn engagement which had been entered into. Consequently, the whole army, with the elephants, surrounded Puranmal’s encampment. The Rajputs fought with desperate bravery and after killing their women and children and burning them, they rushed to battle and were annihilated to a man.””

Sher Shah Suri (1486–1545) founder of Sur Empire in Northern India

Zubdat-ul-Tawarikh quoted in Goel, Sita Ram (2001). The story of Islamic imperialism in India. Chapter 7 ISBN 9788185990231

Women, Men, Children, Family

“[…]financial intelligence is a synergy of accounting, investing, marketing and law.”

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!

Law, Intelligence

“In the course of some ninety years, the wheel has certainly turned full circle. The Protectionist case, which seemed to most of our fathers and grandfathers so outrageous, even so wicked, has been re-stated and carried to victory. Free Trade, which was almost like a sacred dogma, is in its turn rejected and despised… many acute and energetic minds in the ’forties “looked to the end.” They foresaw what seemed beyond the vision of their rivals— that after the period of expansion would come the period of over-production… [Disraeli] perceived only too clearly the danger of sacrificing everything to speed. Had he lived now, he would not have been surprised. The development of the world on competitive rather than on complementary lines; the growth of economic nationalism; the problems involved in the increasing productivity of labour, both industrial and agricultural; the absence of any new and rapidly developing area offering sufficient attractive opportunities for investment; finally, the heavy ensuing burden of unemployment, in every part of the world— all these phenomena, so constantly in our minds as part of the conditions of crisis, would have seemed to the men of Manchester nothing but a hideous nightmare. Disraeli would have understood them. I think he would have expected them.”

Harold Macmillan (1894–1986) British politician

‘Preface’ to Derek Walker-Smith, The Protectionist Case in the 1840s (Oxford: Basil Blackwell, 1933), pp. vii-viii.
1920s-1950s

Men, World, Problem, Thinking

“We are not guided by elections. We are guided by potential of India. We are not waiting for any election results to invest in India. We are investing in India for its economic story.”

Indra Nooyi (1955) Indian-born, naturalized American, business executive

Narendra Modi question elicits 'no comment' from PepsiCo chief Indra Nooyi

Waiting

“The Assembly passed a budget that makes the right choices for young students across the state by helping schools avoid cutting essential educational programs, laying off teachers and increasing local property taxes. Without a sound investment in our children and their education, New York would face crumbling school buildings, overcrowded classrooms, and few opportunities to excel.”

Jose Peralta (1971–2018) American politician

Children, Education, School, Teachers

“Industrial age companies created sharp distinctions between two groups of employees. The intellectual elite—managers and engineers—used their analytical skills to design products and processes, select and manage customers, and supervise day-to-day operations. The second group was composed of the people who actually produced the products and delivered the services. This direct labor work force was a principal factor of production for industrial age companies, but used only their physical capabilities, not their minds. They performed tasks and processes under direct supervision of white-collar engineers and managers. At the end of the twentieth century, automation and productivity have reduced the percentage of people in the organization who perform traditional work functions, while competitive demands have increased the number of people performing analytic functions: engineering, marketing, management, and administration. Even individuals still involved in direct production and service delivery are valued for their suggestions on how to improve quality, reduce costs, and decrease cycle times…
Now all employees must contribute value by what they know and by the information they can provide. Investing in, managing, and exploiting the knowledge of every employee have become critical to the success of information age companies”

David P. Norton (1941) American business theorist, business executive and management consultant

Source: The Balanced Scorecard, 1996, p. 5-6

People, Age, Knowledge, Time

“The idea that humans form pair bonds, and that males often invest in their young, has a long history in biological anthropology. Early incarnations of the idea were criticized for painting an overly simplistic picture, according to which “Man the Hunter” provisioned his dependent wife and children with meat in a stable nuclear family, suspiciously reminiscent of a 1950s-style Western family. However, with appropriate amendments and qualifications, the idea that pair bonding and biparental care are a central part of our evolutionary endowment appears to be viable.”

Steve Stewart-Williams (1971)

Source: The Ape that Thought It Was a Peacock: Does Evolutionary Psychology Exaggerate Human Sex Differences? (2013), p. 145

Children, Family, History, Idea

“The role of expectations is not limited to monetary policy but is crucial in many areas of economics, as Bob showed in his later research on investment, unemployment, taxation, public debt management, and asset pricing. In all of these situations, the appropriate evaluation of policy takes account of the way that expectations would be rationally formed.”

Robert Barro (1944) American classical macroeconomist

Source: Nothing Is Sacred (2002), p. 29

Way

“We do not have any production secrets. We invest a lot of effort and money in new research projects. However, before our new invention is used in real life, we usually invent something better. For this reason, we do not have a single patent to protect our inventions.”

Tomáš Baťa (1876–1932) Czech businessman

Attributed to Tomas Bata at tomasbata.com, 2015
Attributed to Tomas Bata

Life, Money, Secret, Effort

“The favourite volume whose reading we commend, is inevitably connected with ourselves — it must bring to our image those lonely hours when the recurrence of an image has such influence — it invests that image with the associations of poetry and fiction, and thus redeems it from the common-place of ordinary life. There is also the sympathy of taste — and how much may be inferred from a passage pencilled originally for no other eyes but our own. Then, too, a book is the prettiest stepping stone to a correspondence; it seems such a simple thing to write a note of thanks, and so natural to add some slight remark on the author; and how often is the criticism of an author's sentiments but the expression of our own!”

Letitia Elizabeth Landon (1802–1838) English poet and novelist

Literary Remains

Life, Books, Nature, Reading

“System costs can be considered in many different ways. For example, the cost for making the system and the cost for operating it may be used as a basic for judging the total cost. The total cost may also be arrived at in another fashion, as, for example, the sum of the fixed cost, variable cost, past investment and other charges. Furthermore, in many cases where systems engineering is required several time phases are involved for which the cost factors may be significant, such as the study phase, the breadboard phase, the prototype phase, and the production phase.”

Harold Chestnut (1917–2001) American engineer

Source: Systems Engineering Tools, (1965), Systems Engineering Methods (1967), p. 13

Way, Fashion, Study, Time

“Ever since grade school, when his father had shown him the stock tables at the back of the newspaper and told him that the stock market was a crooked place and never to be trusted, let alone invested in, the subject had fascinated him.”

Michael Lewis book The Big Short

Source: The Big Short (2010), Chapter Two, In the Land Of The Blind, p. 35

School

“I spoke of the melancholy financial position of Great Britain. Half our foreign investments had been spent in the common cause when we stood alone. There is a great external debt of three thousand million pounds. We should require time to get on our feet again. The President listened closely, attentively and sympathetically. He spoke of the immense debt the Allies owed to Britain for that period when she fought alone. "If you had gone like France," he added, "we might well be fighting the Germans on the American coast at the present time."”

Winston S. Churchill book The Second World War

Churchill's account of his conversation with President Truman (18 July 1945), quoted in Lord Moran, Winston Churchill: The Struggle for Survival, 1940-1965 (London: Sphere, 1968), p. 298
The Second World War (1939–1945)

Time, Fight