Quotes about investment
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“The word “loser” is spoken with such contempt these days, a man might like to forget the losses in his own life that taught him something about good judgment. The money he invested in that casino in Atlantic City that went bust, the university course he enrolled in that promised to teach him the secrets of success but instead he wound up unemployed and 40 grand in debt, the candidate whose hat he wore who turned out to be tone-deaf and deluded — dumb, dumb, dumb, and yet his loved ones did not chortle and point and do the nyaa-nyaa. They put an arm around him and said, “This is how we learn.””

Garrison Keillor (1942) American radio host and writer

And it is. "Garrison Keillor: God help us. We’re in trouble down here." in The Washington Post (26 July 2016) https://www.washingtonpost.com/opinions/god-help-us-were-in-trouble-down-here/2016/07/26/989cde08-535d-11e6-b7de-dfe509430c39_story.html

Love, Life, Money, Secret

“Who is there that can recognize real intellect, and do reverence to it; and discriminate it well from sham intellect, which is so much more abundant, and deserves the reverse of reverence? He that himself has it!—One really human Intellect, invested with command, and charged to reform Downing Street for us, would continually attract real intellect to those regions, and with a divine magnetism search it out from the modest corners where it lies hid. And every new accession of intellect to Downing Street would bring to it benefit only, and would increase such divine attraction in it, the parent of all benefit there and elsewhere!”

Thomas Carlyle (1795–1881) Scottish philosopher, satirical writer, essayist, historian and teacher

1850s, Latter-Day Pamphlets (1850), Downing Street (April 1, 1850)

Search, Parent

“The successful sale of British Telecom…reveals a vast and untapped yearning among ordinary people for a direct stake in the ownership of British enterprise. Investment in shares has begun to take its place, with ownership of a home and either a bank or building society deposit, as a way for ordinary people to participate in enterprise and wealth creation. We are seeing the birth of people's capitalism.”

Nigel Lawson (1932) British Conservative politician and journalist

On the privatisation of BT (November 1984), quoted in The View from No. 11: Memoirs of a Tory Radical (London: Bantam, 1992), p. 224.

People, Way, Home, Birth

“It’s not as if there’s infinite wealth. There are thousands of new luxury units coming on the market, and the question is, who will buy them? If people start losing jobs, who can afford to pay 2, 3, 4, 5 million dollars? Do you know 10,000 new investment bankers on Wall Street?”

Nouriel Roubini (1958) American economist

Quoted in S. Jhoanna Robledo, "The Descent," http://nymag.com/realestate/features/21675/ New York Magazine (2006-09-24).

People, Question, Wealth

“B. Hussein Obama said he was for slavery reparations in many forms, but the only one that got applause was for more "investment" in schools. In Obama's defense, the precise question was: "But is African-Americans ever going to get reparations for slavery?" So a switch to the subject of education was only natural.
Moreover, a question on reparations has got to be confusing when you're half-white and half-black. What do you do? Demand an apology for slavery and money from yourself? I guess biracial reparations would involve sending yourself money, then sending back a portion of that money to yourself, minus 50 percent in processing fees — which is the same way federal aid works.”

Ann Coulter (1961) author, political commentator

"Did I Miss The ‘Hip’ Part?" (1 August 2007) http://townhall.com/columnists/anncoulter/2007/08/01/did_i_miss_the_‘hip’_part/page/full/. 2007

Money, Education, School, Way

“It seems to me that it's the best way of wasting money that I know of. I don't think investments on the moon pay a very high dividend.”

Prince Philip, Duke of Edinburgh (1921) member of the British Royal Family, consort to Queen Elizabeth II

On the U.S. Apollo program, press conference in Sao Paulo, Brazil (November 1968) as quoted in The Reality of Monarchy (1970) by Andrew Duncan
1960s

Money, Way, Thinking

“…The Dehly army, arriving before Gualiar, invested the place… After the siege had been carried on for some months, the army of Ibrahim Lody at length got possession of an outwork at the foot of the hill, on which stood the fort of Badilgur. They found in that place a brazen bull, which had been for a long time an object of worship, and sent it to Agra, from whence it was afterwards conveyed to Dehly, and thrown down before the Bagdad gate (AH 924, AD 1518).”

Firishta (1560–1620) Indian historian

Sultãn Ibrãhîm Lodî (AD 1517-1526) Gwalior (Madhya Pradesh)
Tãrîkh-i-Firishta

Time

“You invest in companies with great long-term prospects.”

Andy Kessler (1958) American writer

Part I, Raising Funds, H & Screw Conference, p. 21.
Running Money (2004) First Edition

“All international investment agreements under negotiation should include a clear provision stipulating that in case of conflict between the human rights obligations of a State and those under other treaties, human rights conventions prevail”

Alfred de Zayas (1947) American United Nations official

Report of the Independent Expert on the promotion of a democratic and equitable international order on the adverse impacts of free trade and investment agreements on a democratic and equitable international order http://www.ohchr.org/EN/Issues/IntOrder/Pages/Reports.aspx. 2015, Report submitted to the UN General Assembly

“The double reservoir at the top shows the amount of money in the hands of individuals and available for expenditure in consumption. This is what we have previously called the consumers' fund. The reservoir is divided into two parts in order graphically to represent the fact that a large part of the money received by individuals is income, most of which is spent in consumption; while a smaller part is money received from the sale of real estate, bonds and stocks, most of which is reinvested. The two parts of the reservoir, however, are connected with pipes, in order to take account of the fact that some income is invested and some money received from the sale of securities is spent in consumption. These connecting pipes are important. We must bear in mind that they are always partly, and never wholly, clogged. By their aid, we may visualize the fact that we have no means of knowing how much of the consumers' fund actually will be spent in consumption in any given period of time.”

William Trufant Foster (1879–1950) American economist

Source: The circuit flow of money, 1922, p. 264

Money, Time, Parting

“I don't understand the ones that have no sense of hope and invest in hate. That's not gonna work out, you know? It's a waste of your time!”

Tom Petty (1950–2017) American musician

Interview With Alan Bangs (1999)

Hate, Hope, Understanding, Sense

“You of course appreciate that this industry of ours the automotive industry is today the greatest in the world. Three or four years ago it passed, in volume, steel and steel products, the next largest industry. This means, expressed otherwise, that upon its prosperity depends the prosperity of many millions of our citizens and the degree to which it has become stabilized in turn has a tremendous influence on the stabilization of industry as a whole, and therefore on the prosperity and happiness of still many more of our citizens. Directly and indirectly, this industry distributes hundreds of millions of dollars annually to those who are connected with it, in one way or another, as workers. It also distributes hundreds of millions of dollars in the aggregate to those who have invested in its securities. The purchasing power of this total aggregation, as you must appreciate, is tremendous.
I believe that if you questioned many of your readers as to the present position of the automotive industry, they would tell you that it is growing by leaps and bounds. I believe further you would sense uncertainty as to what is going to happen in the industry when the so-called state of saturation is reached. I do not know whether you appreciate it or not, but the industry has not grown very much during the past three or four years. It is practically stabilized at the present time.”

Alfred P. Sloan (1875–1966) American businessman

Source: Alfred P. Sloan in The Turning Wheel, 1934, p. 331-2: Speech by President Alfred P. Sloan, Jr., delivered to representatives of the automotive press at the Proving Ground on September 28, 1927.

World, Way, Question, Sense

“One of the greatest investments of our lifetime has been New York City real estate, and investors made the highest returns when they bought stuff during the 1970s and 1980s when people were getting mugged. The lesson is that you make the most money when you buy stuff that's out of consensus.”

Mary Meeker (1959) American venture capitalist and securities analyst

Newsweek: "Climbing Back Up" http://www.newsweek.com/climbing-back-126731 (29 August 2004)

Money, People

“Can Iraqis get this government together? If they do, I think the American public will continue to want to support the effort there to try to produce a decent, stable Iraq. But if they don't, then I think the bottom is going to fall out of public support here for the whole Iraq endeavor. So one way or another, I think we're in the end game in the sense it's going to be decided in the next weeks or months whether there's an Iraq there worth investing in. And that is something only Iraqis can tell us.”

Thomas Friedman (1953) American journalist and author

CNN Late Edition with Wolf Blitzer (23 April 2006).
"The next … months" in Iraq

Way, Game, Support, Thinking

“In psychotherapy, the impact of love feelings, technically called the transference, is held under some degree of control by the artificial device of interpreting the patient's feelings while establishing barriers to the psychological exposure of the therapist. The therapist is supposed to come to the relationship fully endowed with a stable set of established insights which will be adequate in a practical sense to any application which the patient's needs will require. The patient, on the other hand, is supposed to limit his interaction with the therapist to the areas where he is aware of psychic pain or where the therapist accepts communication in the name of therapeutic technique. If everything else is carefully excluded, neither participant will be called on to deal with areas of the unknown in themselves which would require creative personal investment.”

Paul Rosenfels (1909–1985) American sociologist

8. Psychotherapy and Social Welfare
Love and Power: The Psychology of Interpersonal Creativity (1966)

Love, Pain, Feeling, Communication

“Efficiency is not the issue when you go solar. There is so much solar that all you have to do is invest in the non-recurring cost of more dishes to drive a solar-hydrogen economy at whatever efficiency it happens to sit at.”

Derek Abbott (1960) Physicist, engineer

On energy supply and solar power

“Some day, even the experts will figure out, that crime is not caused by rap music…or even my music, but by a power structure of self-absorbed property owners so brain dead and stupid they won't even see that if you're too goddamn greedy to pay taxes for schools and services, they're not going to be any good any more! And that uneducated time bombs are a very poor investment as a future work force. And if you go on teaching people that life is cheap, and leave them to rot in ghettos and jails, they may one day feel justified in coming back to rob and kill you. Duh!”

Jello Biafra (1958) singer and activist

"Rob Now, Pay Later", Home Alive: The Art of Self Defense (1996)

Life, People, Stupidity, School

“Let's consider first Hayek's claim that prices in free market capitalism do not give people what they morally deserve. Hayek's deepest economic insight was that the basic function of free market prices is informational. Free market prices send signals to producers as to where their products are most in demand (and to consumers as to the opportunity costs of their options). They reflect the sum total of the inherently dispersed information about the supply and demand of millions of distinct individuals for each product. Free market prices give us our only access to this information, and then only in aggregate form. This is why centralized economic planning is doomed to failure: there is no way to collect individualized supply and demand information in a single mind or planning agency, to use as a basis for setting prices. Free markets alone can effectively respond to this information.
It's a short step from this core insight about prices to their failure to track any coherent notion of moral desert. Claims of desert are essentially backward-looking. They aim to reward people for virtuous conduct that they undertook in the past. Free market prices are essentially forward-looking. Current prices send signals to producers as to where the demand is now, not where the demand was when individual producers decided on their production plans. Capitalism is an inherently dynamic economic system. It responds rapidly to changes in tastes, to new sources of supply, to new substitutes for old products. This is one of capitalism's great virtues. But this responsiveness leads to volatile prices. Consequently, capitalism is constantly pulling the rug out from underneath even the most thoughtful, foresightful, and prudent production plans of individual agents. However virtuous they were, by whatever standard of virtue one can name, individuals cannot count on their virtue being rewarded in the free market. For the function of the market isn't to reward people for past good behavior. It's to direct them toward producing for current demand, regardless of what they did in the past.
This isn't to say that virtue makes no difference to what returns one may expect for one's productive contributions. The exercise of prudence and foresight in laying out one's production and investment plans, and diligence in carrying them out, generally improves one's odds. But sheer dumb luck is also, ineradicably, a prominent factor determining free market returns. And nobody deserves what comes to them by sheer luck.”

Elizabeth S. Anderson (1959) professor of philosophy and womens' studies

How Not to Complain About Taxes (III): "I deserve my pretax income" http://left2right.typepad.com/main/2005/01/how_not_to_comp_1.html (January 26, 2005)

People, Way, Behavior, Exercises

“Despite a decade or more of restructuring and downsizing, many U. S. companies are still unprepared to operate in the 1990s. In a time of rapidly changing technologies and ever-shorter product life cycles, product development often proceeds at a glacial pace. In an age of the customer, order fulfillment has high error rates and customer inquiries go unanswered for weeks. In a period when asset utilization is critical, inventory levels exceed many months of demand.
The usual methods for boosting performance — process rationalization and automation — haven’t yielded the dramatic improvements companies need. In particular, heavy investments in information technology have delivered disappointing results — largely because companies tend to use technology to mechanize old ways of doing business. They leave the existing processes intact and use computers simply to speed them up.
p. 104; The two lead paragraphs”

Michael Hammer (1948–2008) American academic

"Reengineering work: don't automate, obliterate," 1990

Life, Age, Disappointment, Way

“Ninety-nine percent of what you read about investing in magazines and newspapers, and 100% of what you hear on television is worse than useless.”

William J. Bernstein (1948) economist

Source: The Four Pillars of Investing (2002), Chapter 15, A Final Word, p. 297.

Reading

“Our new economic approach is rooted in ideas which stress the importance of macro-economics, post neo-classical endogenous growth theory and the symbiotic relationships between growth and investment, and people and infrastructure.”

Gordon Brown (1951) British Labour Party politician

Michael White, "The gift of tired tongues", The Guardian, 30 September 1994; Norman Macrae, "You've never had it so incoherent", Sunday Times, 2 October 1994.
Speech at an economic seminar, Tuesday 27 September 1994.
Member of Parliament

People, Idea

“If we assume that there are normal or standard income results to be obtained from investing money in securities, then the role of the adviser can be more readily established. He will use his superior training and experience to protect his clients against mistakes and to make sure that they obtain the results to which their money is entitled.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter III, The Investor and His Advisers, p. 45

Money, Training

“Plato makes the cosmos a living being by investing the world-body with a world-soul.”

Eduard Jan Dijksterhuis (1892–1965) Dutch historian

Source: The mechanization of the world picture, 1961, p. 15

World, Soul

“In going directly to Investment Heaven, you build your portfolio as you would build a wonderful company through a merger and acquisition program. You specify the way you want your portfolio to look, and then you assemble the profile piece by piece by bringing together companies that make their own individual contributions to the desired character.”

Robert Haugen (1942–2013) American economist

Source: The Inefficient Stock Market - What Pays Off And Why (1999), Chapter 14, The Roads to Heaven and Hell, p. 139

Way

“A priority for us is the creation of more jobs that will minimise poverty and provide for prosperity for all Sri Lankans. Towards this, we need to enhance our capacity to successfully compete in global markets while creating the necessary space for investments to come in.”

Ranil Wickremesinghe (1949) Former Prime Minister of Sri Lanka

On reducing poverty in SL (Sri Lanka), quoted on World Finance (February 16, 2016), "Sri Lanka has reduced poverty but challenges remain" http://www.worldfinance.com/home/sri-lanka-has-reduced-poverty-but-challenges-remain

“I believe that more women are disappointed in marriage than men; a woman gives the whole of her heart — the man only gives the remains of his, and very often there is only a little left. Besides his idol is rarely so much the work of his own hands as her's; at the end of the first year she may ask, where are the picturesque and ennobling qualities with which she invested her lover? in nine cases out of ten echo will indeed answer “where."”

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

No.15. Ivanhoe — REBECCA.
Literary Remains

Women, Men, Marriage, Disappointment

“[Hedge fund investment] is likely behind the very different behavior you are seeing in companies like HP and Apple this decade. A severe lack of new products or compelling offerings, but a lot of increases in dividends, stock buybacks, layoffs, plant closings, executive departures and divestitures. These firms aren't investing in the future they are constantly trying to assure their stock is propped up and the value increases.”

Rob Enderle (1954) American financial analyst

Is the end of the U.S. tech market upon us? http://cio.com/article/3075957/it-industry/is-the-end-of-the-u-s-tech-market-upon-us.html in CIO (27 May 2016)

Behavior, Departure, Future

“Selfish men make the best lovers. They're prepared to invest in the women's pleasures so that they can collect an even bigger dividend for themselves.”

J. G. Ballard book Cocaine Nights

"Paula Hamilton"
Cocaine Nights (1996)

Women, Men, Pleasure, Lovers

“As far as culture and politics are concerned, the important theme is long-attention-span vs. short-attention-span thinking. I'm sure that your readers can think of any number of ways in which having a longer attention span can be useful. But I'll name one. Bankers with long attention spans don't lend money to people who can't pay it back. If we had more bankers who adopted a long-term view of their responsibilities, we might not be in the middle of a financial crisis that is blowing away 150-year-old investment banks.”

Neal Stephenson (1959) American science fiction writer

In response to whether Anathem "reflects today's culture or politics," from an interview published Sept. 22, 2008 by MIT News http://web.mit.edu/newsoffice/2008/stephenson-qa-0922.html

Money, People, Way, Thinking

“So we started a new business called Bain Capital. The only problem was, while WE believed in ourselves, nobody else did. We were young and had never done this before and we almost didn't get off the ground. In those days, sometimes I wondered if I had made a really big mistake. I had thought about asking my church's pension fund to invest, but I didn't. I figured it was bad enough that I might lose my investors' money, but I didn't want to go to hell too. Shows what I know. Another of my partners got the Episcopal Church pension fund to invest. Today there are a lot of happy retired priests who should thank him. That business we started with 10 people has now grown into a great American success story. Some of the companies we helped start are names you know. An office supply company called Staples – where I'm pleased to see the Obama campaign has been shopping; The Sports Authority, which became a favorite of my sons. We started an early childhood learning center called Bright Horizons that First Lady Michelle Obama rightly praised. At a time when nobody thought we'd ever see a new steel mill built in America, we took a chance and built one in a corn field in Indiana. Today Steel Dynamics is one of the largest steel producers in the United States.”

Mitt Romney (1947) American businessman and politician

2012-08-31
http://www.npr.org/2012/08/30/160357612/transcript-mitt-romneys-acceptance-speech
Transcript: Mitt Romney's Acceptance Speech
NPR
[2012-08-30, gopconvention2012, Mitt Romney: Introduction (video), YouTube, http://www.youtube.com/watch?v=J_cGyPwt5UI]
2012

Money, People, Hell, Business

“…there have been plenty of markers that show that this is a country that is worth the investment because once it emerges as a country that is a stabilizing factor, you'll have a very different kind of Middle East. And I know that from the point of view of not just monetary costs, but the sacrifice of American lives, a lot has been sacrificed for Iraq, a lot has been invested in Iraq.”

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

Interview by Anne Gearan of the Associated Press http://www.state.gov/secretary/rm/2006/78200.htm, December 21, 2006.

Country

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

Robert J. Shiller (1946) American economist

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

Thinking, Time

“If you bail out every investment bank that gets in trouble, that’s not capitalism, that’s socialism for the rich.”

Jim Rogers (1942) American writer

CNBC Squawk Box Europe http://www.cnbc.com/id/23588079/site/14081545

“I reread that book in the summer of '03.... And I hadn't looked at that book either since '91. And I was dreading it. I thought it was going to be a really terrible novel. Everything everyone had ever said about it was going to be true.... And I started reading it… and I was surprised. It was good. It was fun. It was not nearly as pretentious as I remember I wanted it to be when I was writing it. Not nearly as weighted down with the importance that I thought I was investing it with. I found it really fast-moving. I found it really funny. And I liked it a lot. The violence was… it made my toes curl. I really freaked out. I couldn't believe how violent it was. It was truly upsetting. I had to steel myself to reread those passages.”

Bret Easton Ellis (1964) American novelist

On American Psycho http://www.amazon.com/gp/feature.html?docId=571852

Books, Reading, Summer

“The ultimate of taxation-for-social-purposes is absolutism, not only because the growing fiscal power carries an equal increase in political power, but because the investment of revenue in the individual by the State gives it a pecuniary interest in him. If the State supplies him with all his needs and keeps him in health and a degree of comfort, it must account him a valuable asset, a piece of capital. Any claim to individual rights is liquidated by society's cash investment. The State undertakes to protect society's investment, as to reimbursement and profit, by way of taxation. The motor power lodged in the individual must be put to the best use so that the yield will further social ends, as foreseen by the management. Thus, the fiscal scheme which begins with distribution is forced by the logic of events into control of production. And the concept of natural rights is inconsistent with the social obligation of the individual. He lives for the State which nurtured him. He belongs to the State by right of purchase.”

Frank Chodorov (1887–1966) American libertarian thinker

“Taxation is Robbery,” Chicago: Human Events Associates (1947)

Health, Way, Nature

“The vision pursued by the founders of the EU was one of economic self interest, (subsidies, protection and investment) and lofty aspiration, (peace, prosperity and justice). It was predicated on a Europe without borders where mutual economic interests would lead to perpetual peace. A soft Kantian Marxism underpinned the European Union from the start, in which economic interests and a legal order would displace local institutions and national politics.”

Maurice Glasman, Baron Glasman (1961) British philosopher

The case against remaining in the EU on LabourList.org, 2 June 2016 http://labourlist.org/2016/06/why-should-labour-support-the-european-union-the-case-for-out/

Peace, Justice

“That decision will in history be written as the biggest mistake that American administration ever made, because Lehmans was a world investment bank. They had testicles everywhere.”

Bertie Ahern (1951) Irish politician, 10th Taoiseach of Ireland

Speaking on the collapse of Lehman Brothers Bank. Lehmans world presence http://www.irishtimes.com/newspaper/weekend/2009/1010/1224256328159.html (Subscription required). The Year in Quotes http://www.timesonline.co.uk/tol/news/world/ireland/article6968426.ece (Subscription required)

World, History, Decision

“The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities—that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future—will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There's a problem, though: They are dancing in a room in which the clocks have no hands.”

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

2000 Chairman's Letter http://www.berkshirehathaway.com/letters/2000.html Letters to Shareholders (1957 - 2012)

Money, Hate, People, Behavior

“In use of the broad powers with which I have been invested, I have found it proper to declare that
1. Priests of any cult who, abusing their ministry, excite hate or disrespect for our laws, our government, or its rights, will be punished by three years’ imprisonment or deportation.
2. Because of the present crisis all cathedral chapters are suppressed, except for that of Guadalajara because of its patriotic behavior.
3. Priests of all cults are forbidden from wearing their vestments or any other distinguishing garment outside of the churches… All violators will be punished with fines of ten to one hundred pesos or imprisonment from fifteen to sixty days.”

Benito Juárez (1806–1872) President of Mexico during XIX century

Proclamation in response to church officials openly encouraging support for French forces. (30 August 1862)

Hate, Law, Behavior

“I am constantly observing my actions, words, and behaviors while processing what my being white has done to affect certain responses and outcomes. The same is true of observing how others interact with me. How does my being white affect what they say and do to me, and how they behave around me?It is an important part of my commitment to actively dismantle the white skin privilege that persists in America today. While I remain much invested in the ongoing work of deconstructing institutional injustice and systemic racism, I am also committed to being hyper-aware of and hyper-sensitive to how I am manifesting and/or receiving privilege. I believe justice requires both. I also believe I can't condition myself to see or to rebel against institutional privilege if I can't first see them in myself.”

John C. Dorhauer

"Checking my Privilege," UCC News, August 4, 2016 http://www.ucc.org/commentary_checking_my_privilege_08042016#.V6gGJL2sepA.facebook

Justice, Behavior, Parting

“I swear that I will invest all my efforts in the preservation of sovereignty and integrity of the territory of the Republic of Serbia, including Kosovo and Metohija as its integral part, as well as the realization of human and minority rights and freedoms, observation and defense of the Constitution and laws, preservation of peace and welfare of all Serbian citizens and that I will fulfill all my duties conscientiously and responsibly.”

Boris Tadić (1958) Serbian politician, President of Serbia 2004–2012

Tadić položio zakletvu, B92, 2008-02-15, 2008-02-16, Serbian http://www.b92.net/info/vesti/index.php?yyyy=2008&mm=02&dd=15&nav_category=11&nav_id=285045,.

Peace, Law, Effort, Freedom

“In most countries the large landholders realized they couldn't survive alone and promptly entered into alliances with the monopolies — the strongest and most ruthless oppressors of the Latin American peoples. U. S. capital arrived on the scene to exploit the virgin lands and later carried off, unnoticed, all the funds so “generously” given, plus several times the amount originally invested in the "beneficiary" country.”

Ernesto Che Guevara (1928–1967) Argentine Marxist revolutionary

Cuba as Vanguard (1961)

People, Time, Country

“We’re now in the seventh year of a slump brought on by Wall Street excess; the wizardly job of “allocating the economy’s investment resources” consisted, we now know, largely of funneling money into a real estate bubble.”

Paul Krugman (1953) American economist

"Iron Men of Wall Street" http://krugman.blogs.nytimes.com/2014/02/16/iron-men-of-wall-street/, 16 February 2014 The Conscience of a Liberal blog

Money

“Regional Banks that are constrained to lend within a particular area are a necessary part of the institutional ecology in that they resist the centralising power of capital, allow a more stable access to credit for regional and smaller businesses and encourage relationships and reciprocity to constrain the demand for higher rates of return that have decimated the mutual bank sector in Britain. They also offer an alternative to usurious lending, one of the great growth areas in our economy. Any serious reflection on ‘employment policies’ must confront the centralisation of capital and the state and seek to constrain both through the endowment of decentralised regional and sectoral institutions that constrain centralisation and preserve and renew traditions of virtue within the economy through resisting the commodification of human beings, nature and knowledge demanded by the maximum return on investment. It allows initiative and enterprise to be oriented towards the future.”

Maurice Glasman, Baron Glasman (1961) British philosopher

The Politics of Employment, 23 May 2013 http://togetherforthecommongood.co.uk/viewpoints/opinion-pieces/articles/maurice-glasman.html

Business, Nature, Knowledge, Future

“The property owner who invests in a modern corporation so far surrenders his wealth to those in control of the corporation that he has exchanged the position of independent owner for one in which he may become merely recipient of the wages of capital… [Such owners] have surrendered the right that the corporation should be operated in their sole interest…”

Adolf A. Berle (1895–1971) American diplomat

Source: The Modern Corporation and Private Property. 1932/1967, p. 355

Wealth

“When you "have to get organized," you're probably not appropriately invested yet in what you need to get organized for.”

David Allen (1945) American productivity consultant and author

Ready for Anything: 52 Productivity Principles for Work and Life (2003)

“Now, Social Security through the years, for many many people, has been a terrible investment. It's really a tax, that's all it is. Social Security is a tax.”

Todd Akin (1947) American politician

Washington Minute, CSPAN, , quoted in * 2011-03-19
GOP Rep. Todd Akin On Social Security: ‘I Don’t Like It’
Alex
Seitz-Wald
Think Progress
http://thinkprogress.org/politics/2011/03/19/151641/todd-akin-i-dont-like-social-security/

People

“Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, "I can calculate the movement of the stars, but not the madness of men." If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases.”

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

2005 Chairman's Letter http://www.berkshirehathaway.com/letters/2005.html Letters to Shareholders (1957 - 2012)

Men, Law, Star, Loss

“There is a deep connection between Bernoulli's dictum and John Kelly's 1956 publication. It turns out that Kelly's prescription can be restated as this simple rule: When faced with a choice of wagers or investments, choose the one with the highest geometric means of outcomes.”

William Poundstone (1955) American writer

Part Four, St. Petersburg Wager, Natures Admonition To Avoid The Dice, p. 191
Fortune's Formula (2005)

“A first proposition, therefore, in Americanization is to find a way to satisfy the creative instinct in men and their sense of home, by giving them and their native-born sons the widest possible knowledge of America, including a pictorial geography, a simple history of the United States, the stories of successful Americans including those of foreign-born origin; a knowledge of American literature, of our political ideals and institutions, and of oiy: free educational opportunities. A systematic effort should be made to give them a land interest and a home stake and to get them close to the soil, not alone in the day's work but also in their cultural life. The men most likely to desert America at the close of the war will be workers with job stakes and wage rates, and not those with a home stake and investments. I would carry this campaign of information into every foreign language publication, every newspaper, every shop, and every racial center in America. The land interpreter of the future will be the government, and Franklin K. Lane, Secretary of the Interior, has foreseen this in his appeal for the use of the land for the rehabilitation of men returning from the front. It is the land that will make the life of the maimed livable and will connect the past with the future. This will not be achieved by forced "back-to-the-land movements" and colonization. Each individual American who interprets the beauty of America and its meaning, and who, wherever he can, personally puts the foreign-born in touch with the soil and helps him to a plot of ground which he can call his own, is doing effective Americanization. Loyalty and efficiency are inherent in this land sense, and they are the strength of a nation.”

Frances Kellor (1873–1952) American sociologist

What is Americanization? (1919)

Life, Men, War, Education

“Part of our struggle is to make the international community understand that we are a poor country not because there is an insufficiency of resources and investment, but because we are deprived of the basic institutions and practices that make for good government.”

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

Please Use Your Liberty to Promote Ours (1997)

Communication, Understanding, Parting, Country

“God has blessed our family with some means. Can we not offer at least one of our members for the service of the nation? Having provided me with education, moral instruction and all sorts of qualifications, can you not turn me over to the Samaj (society), to which we owe so much? This will hardly be any kind of sacrifice, it will rather be an investment. It is like providing the farm of the Samaj with manure. We are nowadays interested only in reaping the harvest and have forgotten to provide the field with manure. There is thus the danger of our land becoming barren and unproductive. Can we not forgo a few worthless ambitions for the protection and benefit of a Samaj and a faith, for which Rama suffered exile, Krishna bore innumerable hardships, Rana Pratap wandered about from forest to forest, Shivaji staked his all, and Guru Govind Singh allowed his little sons to be buried alive?”

Deendayal Upadhyaya (1916–1968) RSS thinker and co-founder of the political party Bharatiya Jana Sangh

Letter to his uncle in 1942, quoted in L.K. Advani, My Country My Life (2008)

God, Education, Family, Faith

“Rosa Luxemburg maintained that the capitalist system can keep up its rate of investment (and therefore its profits) only so long as it is expanding geographically.”

Joan Robinson (1903–1983) English economist

Source: Economic Heresies (1971), Chapter III, Interest and Profits, p. 50 (confer Karl Marx, Das Kapital, Buch II, Chapter XX, p. 474)

“Our foreign aid program is not growing in size, it is, on the contrary, smaller now than in previous years. It has had its weaknesses, but we have undertaken to correct them. And the proper way of treating weaknesses is to replace them with strength, not to increase those weaknesses by emasculating essential programs. Dollar for dollar, in or out of government, there is no better form of investment in our national security than our much-abused foreign aid program.”

John F. Kennedy (1917–1963) 35th president of the United States of America

1963, Remarks Prepared for Delivery at the Trade Mart in Dallas

Way

“We have not invested well in marketing ourselves. It is partly because of my trait. I believe that if my conviction is right, I will not need to go and explain myself to anyone. I believed that ultimately everyone will figure out what you are. We are changing this approach.”

Mukesh Ambani (1957) Indian business magnate

Mukesh Ambani on retail and SEZ plans

Change

“The present estimated margin between public receipts and expenditures for this fiscal year is very small. Perhaps the most important work that this session of the Congress can do is to continue a policy of economy and further reduce the cost of government, in order that we may have a reduction of taxes for the next fiscal year. Nothing is more likely to produce that public confidence which is the forerunner and the mainstay of prosperity, encourage and enlarge business opportunity with ample opportunity for employment at good wages, provide a larger market for agricultural products, and put our country in a stronger position to be able to meet the world competition in trade, than a continuing policy of economy. Of course necessary costs must be met, proper functions of the Government performed, and constant investments for capital account and reproductive effort must be carried on by our various departments. But the people must know that their Government is placing upon them no unnecessary burden.”

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

1920s, Second State of the Union Address (1924)

People, World, Confidence, Business

“It was not, however, a matter of interest to me only with respect to my divisions, since as a member of the Executive Committee, I was a kind of general executive and so had begun to think from the corporate viewpoint. The important thing was that no one knew how much was being contributed — plus or minus — by each division to the common good of the corporation. And since, therefore, no one knew, or could prove, where the efficiencies and inefficiencies lay, there was no objective basis for the allocation of new investment. This was one of the difficulties with the expansion program of that time. It was natural for the divisions to compete for investment funds, but it was irrational for the general officers of the corporation not to know where to place the money to best advantage. In the absence of objectivity it was not surprising that there was a lack of real agreement among the general officers. Furthermore, some of them had no broad outlook, and used their membership on the Executive Committee mainly to advance the interests of their respective divisions.
The important thing was that no one knew how much was being contributed—plus or minus—by each division to the common good of the corporation. And since, therefore, no one knew, or could prove, where the efficiencies and inefficiencies lay, there was no objective basis for the allocation of new investment.”

Alfred P. Sloan (1875–1966) American businessman

Source: My Years with General Motors, 1963, p. 48-49

Money, Nature, Thinking, Time

“Our investment style has been given a name - focus investing - which implies ten holdings, not one hundred or four hundred. The idea that it is hard to find good investments, so concentrate in a few, seems to me to be an obvious idea. But 98% of the investment world does not think this way. It's been good for us.”

Charlie Munger (1924) American business magnate, lawyer, investor, and philanthropist

Poor Charlie's Almanack, p. 100

World, Way, Idea, Thinking

“Both of these measures were on the side of increasing spendable income, though unfortunately they were largely without effect. The tax reductions were negligible except in the higher income brackets; businessmen who promised to maintain investment and wages, in accordance with a well-understood convention, considered the promise binding only for the period within which it was not financially disadvantageous to do so.”

John Kenneth Galbraith book The Great Crash, 1929

Chapter IX https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929, Cause and Consequence, Section V, p 183 The Great Crash, 1929 (1954 and 1997 https://openlibrary.org/books/OL25728842M/The_Great_Crash_1929)

“I urge the Bush Administration to rethink its priorities. We can't talk about community values without being prepared to invest in those very same communities.”

Joe Lieberman (1942) politician from the United States

Communication

“Inner experience, unable to have principles either in dogma (a moral attitude), or in science (knowledge can be neither its goal nor its origin), or in a search of enriching states (an experimental, aesthetic attitude), it cannot have any other concern nor other goal than itself. Opening myself to inner experience, I have placed in it all value and authority. Henceforth I can have no other value, no other authority (in the realm of mind). Value and authority imply the discipline of a method, the existence of a community.
I call experience a voyage to the end of the possible of man. Anyone may choose not to embark on this voyage, but if he does embark on it, this supposes the negation of the authorities, the existing values which limit the possible. By virtue of the fact that it is negation of other values, other authorities, experience, having a positive existence, becomes itself positively value and authority.
Inner experience has always had objectives other than itself in which one invested value and authority. … If God, knowledge, and suppression of pain were to cease to be in my eyes convincing objectives, … would inner experience from that moment seem empty to me, henceforth impossible without justification? …
I received the answer [from Blanchot]: experience itself is authority.”

Georges Bataille (1897–1962) French intellectual and literary figure

Source: L’Expérience Intérieure (1943), p. 7

God, Pain, Search, Communication

“So he prayed to the Almighty for aid, and left Ghazni on the 10th of Sha'ban 414 H., with 30,000 horse besides volunteers, and took the road to Multan which place he reached in the middle of Ramazan. The road from thence to India was through a barren desert, where there were neither inhabitants or food. So he collected provisions for the passage, and loading 30,000 camels with water and corn, he started for Anhilwara. After he had crossed the desert, he perceived on one side a fort full of people, in which there were wells. people came down to conciliate him, but he invested the place, and God gave him victory over it, for the hearts of the inhabitants failed them through fear. So he brought the place under the sway of Islam, killed the inhabitants, and broke in pieces their images. His men carried away water with them from thence and marched for Anhalwara, where they arrived at the begging of Zi-l Ka'da.”

Mahmud of Ghazni (971–1030) Sultan of Ghazni

Ali ibn al-Athir: Kamilu’t-Tawarikh, in Elliot and Dowson, Vol. II : Elliot and Dowson, History of India as told by its own Historians, 8 Volumes, Allahabad Reprint, 1964. pp. 469
Quotes from The History of India as told by its own Historians

Men, God, People, Fear

“The left wing and the right wing in this country [South Korea] are equally invested in keeping alive the myth of a far-left North Korea. This is what exasperates me. I realize that I'm up against so many different constituencies, each of which has an interest in maintaining the myth of North Korea as a far left state.”

Brian Reynolds Myers (1963) American professor of international studies

2010s, Interview with Chad O'Carroll (2014)

Country

“Southern slave owners constantly agitated in the 1850s for state centralization of economic activities that would promote slave agriculture: state-sponsored agricultural surveys, state-subsidized agricultural periodicals, and state investment in railroads (at more than twice the rate of Northern state assistance) which would unite the South and the West and encourage more intensive cotton cultivation. They were, as historian John Majewski remarks, the forerunners of the "southern Progressives of the early twentieth century."”

Allen C. Guelzo (1953) American historian

2010s, Bullwhip Feudalism (2018)

“While many of the conflicting claims can be reconciled in terms of the short-run and long-run orientation of Keynesians and monetarists, respectively, and in terms of their contrasting philosophical orientations, neither vision takes into account the workings or failings of the market mechanisms within the investment aggregate.Austrian macroeconomics is set apart from both Keynesianism and monetarism by its attention to the differential effects of interest rate changes within the investment sector, or—using the Austrian terminology—within the economy's structure of production.”

Roger Garrison (1944) American economist

Page 136.
"Is Milton Friedman a Keynesian?" (1992)

Change

“The government is making another mistake, although purely ideological this time, by thinking about the responsibility pact in terms of contracts that would give rise to reciprocal concessions from companies. Indeed, the government cannot negotiate with companies because the decisions of business leaders are always individual. They are not civil servants working to orders, but free and lucid agents who make their decisions, particularly on investment and job creation, by individually assessing their risks based on the stability of the environment and the favourable outlook for returns on investment. By contrast, an effective government can, and must, create the right circumstances for investment decisions to generate the conditions for growth.”

Éric Pichet (1960) economist

Le programme de stabilité et le pacte de responsabilité : la trajectoire des finances publiques de 2014 à 2017 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2499496 Article in Revue de Droit Fiscal n31-35 (2014). Budgetary policy, The 2014 French Responsibility and Solidarity Pact

Business, Thinking, Decision, Time

“Fellow-citizens, being fully invested with that high office to which the partiality of my countrymen has called me, I now take an affectionate leave of you. You will bear with you to your homes the remembrance of the pledge I have this day given to discharge all the high duties of my exalted station according to the best of my ability, and I shall enter upon their performance with entire confidence in the support of a just and generous peeps.”

William Henry Harrison (1773–1841) American general and politician, 9th President of the United States (in office in 1841)

Inaugural address (March 4, 1841)

Home, Confidence, Support

“I do remember one formative influence in my undergraduate life. There was an elderly professor in my department who had been passionately keen on a particular theory for, oh, a number of years, and one day an American visiting researcher came and he completely and utterly disproved our old man's hypothesis. The old man strode to the front, shook his hand and said, "My dear fellow, I wish to thank you, I have been wrong these fifteen years". And we all clapped our hands raw. That was the scientific ideal, of somebody who had a lot invested, a lifetime almost invested in a theory, and he was rejoicing that he had been shown wrong and that scientific truth had been advanced.”

Richard Dawkins (1941) English ethologist, evolutionary biologist and author

Part 1, 00:13:32
The Root of All Evil? (January 2006)

Life, Truth, Passion, Parting

“One pound invested for five years gives the same result as five pounds invested for one year, the product being five pound years.”

William Stanley Jevons The Theory of Political Economy

Source: The Theory of Political Economy (1871), Chapter VII, Theory of Capital, p. 190.

“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.”

Franco Modigliani (1918–2003) Italian-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

“Reaganites learned it is POLICY change that changes economic trajectory. Reagan’s successes were built on establishing a fiscal framework that invigorated our entire economy, revitalized growth and investment while decreasing spending, tax rates, over-reaching regulations, unemployment, and favoritism via individual subsidies. We need Reaganites in the new Administration. However well meaning, burdensome federal government imposition is never the solution. Never. Not in our homes, not in our schools, not in churches, not in businesses.”

Sarah Palin (1964) American politician

2016, But… Wait… The Good Guys Won’t Win With More Crony Capitalism (December 2, 2016)

School, Home, Business, Learning

“If men in our evolutionary past did not invest in offspring, they would not have evolved strict mate preferences and thus women would be as drab as peahens. The fact that women are not as drab as peahens suggests a long history of male mate choice, which in turn suggests a long history of pair bonding and high male parental investment.”

Steve Stewart-Williams (1971)

Source: The Ape that Thought It Was a Peacock: Does Evolutionary Psychology Exaggerate Human Sex Differences? (2013), p. 149

Women, Men, History, Parent

“Vertically striped sheets of paper, the bands of which are 8.7 cms wide, alternate white and colored, are stuck over internal and external surfaces: walls, fences, display windows, etc.; and/or cloth/canvas support, vertical stripes, white and colored bands each 8.7 cms, the two ends covered with dull white paint.
I record that this is my work for the last four years, without any evolution or way out. This is the past: it does not imply either that it will be the same for another ten or fifteen years or that it will change tomorrow.
The perspective we are beginning to have, thanks to these past four years, allows a few considerations of the direct and indirect implications for the very conception of art. This apparent break (no research, or any formal evolution for four years) offers a platform that we shall situate at zero level, when the observations both internal (conceptual transformation as regards the action/praxis of a similar form) and external (work/production presented by others) are numerous and rendered all the easier as they are not invested in the various surrounding movements, but are rather derived from their absence.”

Daniel Buren (1938) sculptor from France

" Beware!" ("Mise en garde!") http://web.mit.edu/allanmc/www/buren1.pdf, in Konzeption/Conception, translated by Charles Harrison and Peter Townsend (Leverkusen: Stadtischer Museum, 1969. 1960s

Art, Color, Way, Support

“I won the contract for our company to install new ramps and equipment at Beefland. Building a "Stairway to Heaven" for the animals was more than just constructing a steel ramp-way into a concrete room. All of the workers, myself included, invested ourselves in he project. Sometimes tempers flared, but when the job was completed, we were better friends. As the "stairway" began to take shape, many thoughts crowded in on me. I became aware of how precious life was. I thought about death and I felt close to God. He had given us dominion over the animals so we could make use of them, but I realized now, more than ever, that the animals were His creation too, and, thus, they should be treated with respect. One day my blind roommate visited the plant. She reached over the side of the chute and touched the cattle. She wrote the following prayer after her visit: "The Stairway to Heaven" is dedicated to persons who desire to learn the meaning of life and not to fear death. You, through respect for these animals, can come to respect your fellow man as well. Touch, Listen and Remember."”

Temple Grandin (1947) USA-american doctor of animal science, author, and autism activist

Pages 134-135 of Emergence: Labeled Autistic by Temple Grandin and Margaret M. Scariano

Life, Death, God, Fear

“The separate excitation of the dynamo corresponds with the independently determined investment in the economic model, and the total excitation with income. Perhaps in this electrical age, the conventional metaphor of ‘priming the pump’ might be dropped in favour of ‘exciting the dynamo’.”

Arnold Tustin (1899–1994) British engineer

Source: The Mechanism of Economic Systems (1953), p. 8

Age

“Non-dividend-paying growth stocks can be attractive but should be viewed as speculation rather than investing.”

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

Quotes from Crash Proof (2006)

“The way out of this recession, the way to create jobs, is to grow the economy by encouraging investment in factories and equipment, and by speeding up tax relief so people have more money to spend. For the sake of American workers, let's pass a stimulus package.”

George W. Bush (1946) 43rd President of the United States

2000s, 2002, State of the Union address (January 2002)

Money, People, Way, Speed

“All that this country can achieve depends on developing our nation as a high growth, vibrant economy. In the modern global economy, even the greatest political ambition is doomed to failure without an economy driving employment, investment, research and development and rewarding success.”

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

Principles and Priorities : Programme for Government (September 5, 2007)

Failure, Success, Dependency, Country

“Homo sapiens is the species that invents symbols in which to invest passion and authority, then forgets that symbols are inventions.”

Joyce Carol Oates (1938) American author

"The Calendar's New Clothes," New York Times (30 December 1999)

Passion, Forgetting

“He did not practise law and so whatever money I earned, I just placed before him. He invested in business--trucks, cars--but lost everything. I could not bear to see him unhappy. Often he would disappear from home for months on end. The bank people would come and harass me, ask for my property as I was unable to repay the loans. This happened several times. I had to sell everything I had. I will never forget or forgive myself for not being by his bedside before he died. I had a programme in Bombay, but I did not want to go. He insisted because we needed the money. While I was performing, he died.”

Gangubai Hangal (1913–2009) Indian singer

Her selfless devotion to her husband was never considered a sacrifice by her and even though he was a brahmin, a lawyer, it was ironically she who supported him. In "On Gangubai Hangal by Sabina Sehgal Computer Science & Engineering - University of Washington".

Money, People, Law, Cars

“The threat of China is not military. The threat of China is they can't be intimidated… Europe you can intimidate. When the US tries to get people to stop investing in Iran, European companies pull out, China disregards it. You look at history and understand why — they've been around for 4,000 years, they have contempt for the barbarians, they just don't give a damn. OK, you scream, we'll go ahead and take over a big piece of Saudi or Iranian oil. And that's the threat, you can't intimidate them — it's driving people in Washington berserk. But, you know, of all the major powers, they've been the least aggressive militarily.”

Noam Chomsky (1928) american linguist, philosopher and activist

Quotes 2000s, 2006, Discussion with Robert Trivers, 2006

People, History, Understanding

“If the trend continues, Fiji will be left with a large pool of poorly educated, unskilled work force with disastrous consequences on our social and economic infrastructure and levels of investment.”

Mahendra Chaudhry (1942) Fijian politician

Comments on Fiji's high emigration rate (19 June 2005)

Education

“Everywhere, when societies originate, we see the strongest, most warlike races seizing the exclusive government of the society. Everywhere we see these races seizing a monopoly on security within certain more or less extensive boundaries, depending on their number and strength.And, this monopoly being, by its very nature, extraordinarily profitable, everywhere we see the races invested with the monopoly on security devoting themselves to bitter struggles, in order to add to the extent of their market, the number of their forced consumers, and hence the amount of their gains.War has been the necessary and inevitable consequence of the establishment of a monopoly on security.Another inevitable consequence has been that this monopoly has engendered all other monopolies.”

Gustave de Molinari (1819–1912) Belgian political economist and classical liberal theorist

Source: The Production of Security (1849), p. 34-35

Nature, Dependency

“Today, the countries that had kept up a civilised relationship with Modi despite the US’s strictures—these include Japan, Singapore, Canada, Australia, Israel[, ] and even China—are happy with the knowledge that their transition to a new regime will be extra smooth. Nor will the others who changed their tune midway feel disadvantaged. It is only the US that invested politically in the witch-hunt against Modi that feels seriously threatened.”

Swapan Dasgupta (1955) Indian politician, journalist and columnist

"A mighty fall from a moral high ground", 2014

Feeling, Knowledge, Change, Country

“Are we making more mistakes now? I don't think so. Science is a high-risk activity. And when you do science—this is very important incidentally for the general public, and for policy makers—if you are not wasting some of your money, you are not doing good science. It's a funny way to say this. You've got to back high-risk opportunities. And high-risk opportunities means some fraction of them are going to fail. And I think in any science funding scenario, you've got to say, 10, 20, maybe even 30% of your funds are going to be invested in failures.”

Leon M. Lederman (1922–2018) American mathematician and physicist

Comments on need for failure in scientific research. From the Winding Your Way through DNA symposium http://www.accessexcellence.org/RC/CC/lederman.php at the University of California, San Francisco in 1992 (URL accessed on October 20, 2008)

Money, Way, Failure, Thinking

“Although it is obvious that people acquire useful skills and knowledge, it is not obvious that these skills and knowledge are a form of capital, that this capital is in substantial part a product of deliberate investment, that it has grown in Western societies at a much faster rate than conventional (nonhuman) capital, and that this growth may well be the most distinctive feature of the economic system.”

Theodore Schultz (1902–1998) American economist

Source: "Investment in human capital," 1961, p. 1

People, Knowledge, Parting

“[Francois Bernier, late in the seventeenth century, talks of originally “real Mongols”, “White men, foreigners”. He also says] “that children of the third and fourth generation, who have the brown complexion… are held in much less respect than new comers, and are seldom invested with official situations: they consider themselves happy, if permitted to serve as private soldiers in the infantry or cavalry.””

François Bernier (1620–1688) French physician and traveller

Quoted from Lal, K. S. (1990). Indian muslims: Who are they.
Travels in the Mogul Empire (1656-1668)

Men, Children, Happiness

“Countries that benefit from World Bank financing should ensure that all loans they request and all foreign direct investment they receive are used in a manner that advances the enjoyment of human rights and does not result in the enrichment of a few at the expense of the many.”

Alfred de Zayas (1947) American United Nations official

Report of the Independent Expert on the adverse impact of World Bank policies on human rights and the realisation of a democratic and equitable international order
2017, Report submitted to the UN Human Rights Council

World, Country

“A dictum [Beckett] quotes from his favourite philosopher, the second-generation Cartesian Arnold Geulincx (1624-1669) suggests his overall stance toward the political: ubi nihil vales, ibi nihil velis, which may be glossed: Don’t invest hope or longing in an arena where you have no power.”

J.M. Coetzee (1940) South African writer

“The Making of Samuel Beckett,” New York Review of Books, vol. LVI, no. 7 (April 30, 2009), p. 13

Hope, Quotes

“Few men would be so gentle as to spare even the best, if by their destruction vile usurpers could become God's anointed, and by the most execrable wickedness invest themselves with that divine character.”

Algernon Sidney (1623–1683) British politician and political theorist

Scaffold speech (1683)

Men, God

“The discounting presumably is to be done for each period of time at that rate of interest which represents the alternative cost of employing capital in the occupation in question; that is, at the rate which the entrepreneur could obtain in other investments”

Kenneth E. Boulding (1910–1993) British-American economist

Source: 1940s, The theory of the firm in the last ten Years, 1942, p. 793 cited in: Pedro Garcia Duarte (2010) " A Path through the Wilderness: Time Discounting in Growth Models http://public.econ.duke.edu/~staff/wrkshop_papers/2009-2010_Papers/PGDuarte_Path_Through_Wilderness.pdf"

Question, Time

“A big part of our plan will be unleashing the power of the private sector to create more jobs at higher pay. And that means for us, creating an infrastructure bank to get private funds off the sidelines and complement our private investments.”

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

Presidential campaign (April 12, 2015 – 2016), Speech in Warren, Michigan (August 11, 2016)

Parting

“Self growth is tender; it's holy ground. There's no higher investment.”

Stephen R. Covey book The Seven Habits of Highly Effective People

Source: The Seven Habits Of Highly Effective People (1989), p. 62

“By consequence I hold that no one ever did, or can do, anything for "society."… Comte invented the term altruism as an antonym for egoism, and it found its way at once into everyone's mouth, although it is utterly devoid of meaning, since it points to nothing that ever existed in mankind; This hybrid or rather this degenerate form of hedonism served powerfully to invest collectivism's principles with a specious moral sanction, and collectivists naturally made the most of it.”

Albert Jay Nock (1870–1945) American journalist

Source: Memoirs of a Superfluous Man (1943), p. 305

Way, Nature

“Service does not exist at the expense of your profits. Profit exists because you made the investment in service.”

Ron Kaufman (1956) American author and consultant

Lift Me UP! Service With A Smile (2005)

“Many economists would have you believe that their field is an objective science. I disagree, and I think that it is equally a tool that humans use to enforce and encode our social and moral preferences and prejudices about status and power, which is why plutocrats like me have always needed to find persuasive stories to tell everyone else about why our relative positions are morally righteous and good for everyone: like, we are indispensable, the job creators, and you are not; like, tax cuts for us create growth, but investments in you will balloon our debt and bankrupt our great country; that we matter; that you don't. For thousands of years, these stories were called divine right. Today, we have trickle-down economics. How obviously, transparently self-serving all of this is.”

Nick Hanauer (1959) American businessman

"Beware, fellow plutocrats, the pitchforks are coming" TED (conference) August 2014 http://www.ted.com/talks/nick_hanauer_beware_fellow_plutocrats_the_pitchforks_are_coming/transcript?language=en

Thinking, Science, Country

“I've never claimed that this is investment art. When we first started out, all the art colleges and universities across the country would sort of badmouth what we were doing. It's funny that a lot of them now are sending us letters saying, 'We may not totally agree with the way you paint, but we appreciate what you're doing, because you're sending literally thousands of people into art colleges.”

Bob Ross (1942–1995) American painter, art instructor, and television host

(1990) reported in Associated Press (July 7, 1995) "Bob Ross, Painting Instructor to Millions, Dead at 52".

People, Art, Way, Universe

“The good of the people must be the great purpose of government. By the laws of nature and of reason, the governors are invested with power to that end. And the greatest good of the people is liberty. It is to the state what health is to the individual.”

Denis Diderot (1713–1784) French Enlightenment philosopher and encyclopædist

Article on Government
L'Encyclopédie (1751-1766)

People, Health, Law, Nature

“There’s a big difference between education and knowledge. The moment that we don’t invest in educating Jewish children according to the roots that were the basis of our education for thousands of years, we are knowledge-givers rather than educators.”

Lev Leviev (1956) Soviet-born Israeli businessman, philanthropist and investor

Interview, Jewish Chronicle, 7 March 2008 http://thejc.com/home.aspx?AId58607&ATypeId1&searchtrue2&srchstrLev%20leviev&srchtxt1&srchhead1&srchauthor1&srchsandp1&scsrch0

Children, Education, Knowledge

“O ye that are invested with the Bayán! Ye should perform such deeds as would please God, your Lord, earning thereby the good-pleasure of Him Whom God shall make manifest. Turn not your religion into a means of material gain, spending your life on vanities, and inheriting thereby on the Day of Resurrection that which would displease Him Whom God shall make manifest, while ye deem that what ye do is right. If, however, ye observe piety in your Faith, God will surely nourish you from the treasuries of His heavenly grace.”

Báb (1819–1850) Iranian prophet; founder of the religion Bábism; venerated in the Bahá'í Faith

XVI, 19
The Kitáb-I-Asmá

Life, God, Pleasure, Faith

Quotes about investment page 3

Quotes about investment
page 3