Quotes about investment
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“Unlike so many politicians or military leaders they made no attempt to justify their mistakes, to cling to power. For them power held enormous responsibility and was merely invested in them temporarily.”

Michael Moorcock book The Steel Tsar

Book 2, Chapter 5 “A Question of Attitudes” (p. 370)
The Steel Tsar (1981)

“Quasi-integration is to use debt or equity investments and other means to create alliances between vertically related firms without full ownership.”

Michael E. Porter (1947) American engineer and economist

Source: Competitive strategy, 1980, p. 301

“Thus the word reveals the Divine Essence; His incarnation makes that Life, that Love, that Light, which is eternally resident in God obvious to souls that steadily contemplate Himself. These terms Life, Love, Light — so abstract, so simple, so suggestive — meet in God; but they meet also in Jesus Christ. They do not only make Him the centre of a philosophy; they belong to the mystic language of faith more truly than to the abstract terminalogy of speculative thought. They draw hearts to Jesus; they invest Him with a higher than any intellectual beauty.”

Henry Liddon (1829–1890) British theologian

Source: Dictionary of Burning Words of Brilliant Writers (1895), P. 91.

Love, Life, God, Faith

“When the afiairs of this tract was settled, the royal army marched, in the year 592 h., (1196 a. d.) "towards Galewar (Gwalior), and invested that fort, which is the pearl of the necklace of the castles of Hind, the summit of which the nimble-footed wind from below cannot reach, and on the bastion of which the rapid clouds have never cast their shade, and which the swift imagination has never surmounted, and at the height of which the celestial sphere is dazzled."…In compliance with the divine injunction of holy war, they drew out the bloodthirsty sword before the faces of the enemies of religion…Solankh Pal who had raised the standard of infidelity, and perdition, and prided himself on his countless army and elephants, and who expanded the fist^ of oppression from the hiding place of deceit, and who had lighted the flame of turbulence and rebellion, and who had fixed the root of sedition and enmity firm in his heart, and in the courtyard of whose breast the shrub of tyranny and commotion had shot forth its branches, when he saw the power and majesty of the army of Islam," he became alarmed and dispirited. " Wherever he looked, he saw the road of flight blocked up."”

Muhammad of Ghor (1160–1206) Ghurid Sultan

He therefore " sued for pardon, and placed the ring of servitude in his ear," and agreed to pay tribute...
About the capture of Gwalior. Hasan Nizami. Elliot and Dowson, Vol. II : Elliot and Dowson, History of India as told by its own Historians, 8 Volumes, Allahabad Reprint, 1964. pp. 227-228 Also quoted in Jain, Meenakshi (2011). The India they saw: Foreign accounts.

War, Religion, Imagination, Light

“It is impossible to build Europe on only deregulation…1992 is much more than the creation of an internal market abolishing barriers to the free movement of goods services and investment…The internal market should be desgined to benefit each and every citizen of the Community. It is therefore necessary to improve workers' living and working conditions, and to provide better protection for their health and safety at work…Europe needs you.”

Jacques Delors (1925) French economist and politician

Speech to the British Trades Union Congress (8 September 1988), quoted in The Independent (9 September 1988).

Health, Communication

“In the first place, the government ought not to be invested with power to control the affections, any more than the consciences of citizens. A man has at least as good a right to choose his wife, as he has to choose his religion. His taste may not suit his neighbors; but so long as his deportment is correct, they have no right to interfere with his concerns.”

Lydia Maria Child (1802–1880) American abolitionist, author and women's rights activist

Chapter VIII http://utc.iath.virginia.edu/abolitn/abeslmca5t.html 1830s, An Appeal on Behalf of That Class of Americans Called Africans (1833)

Religion

“Of all that is most beauteous, imaged there
In happier beauty; more pellucid streams,
An ampler ether, a diviner air,
And fields invested with purpureal gleams.”

William Wordsworth Laodamia

Stanza 18.
Laodamia (1814)

Beauty

“The gospel of St. Matthew told of the angry Jesus driving the merchants and money-changers out of the temple, knocking over the tables of the money-changers and spilling their coins on the floor. Jesus was not opposed to capitalism and the profit motive, so long as economic activities were carried on outside the temple. In the parable of the talents, he praises the servant who used his master's money to make a profitable investment, and condemns the servant who was too timid to invest. But he draws a clear line at the temple door. Inside the temple, the ground belongs to God and profit-making must stop.”

Freeman Dyson (1923) theoretical physicist and mathematician

Progress In Religion (2000)

Money, God, Motivation, Drawing

“First, how do you prove that mankind is invested with the right of killing them, and that brutes have been created for the purpose you assert them to be? Secondly, it is to be observed that the flesh of man himself possesses the same nourishing and palatable qualities? And are we then to become cannibals for that reason?”

Lewis Gompertz (1783–1861) Early animal rights activist

Moral Inquiries on the Situation of Man and of Brutes, edited by Peter Singer (Fontwell: Centaur Press, 1992), p. 84.

“.. the nineteenth-century Empire undeniably pioneered free trade, free capital movements and, with the abolition of slavery, free labour. It invested immense sums in developing a global network of modern communications. It spread and enforced the rule of law over vast areas. Though it fought many small wars, the Empire maintained a global peace unmatched before or since. In the twentieth century too it more than justified its own existence, for the alternatives to British rule represented by the German and Japanese empires were clearly far worse. And without its Empire, it is inconceivable that Britain could have withstood them.”

Niall Ferguson (1964) British historian

Empire: How Britain Made the Modern World (2003)

War, Peace, Law, Communication

“So I pay myself first, invest the money, and let the creditors yell.”

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

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

Money

“We have destroyed their two most cherished institutions: the family and the village. We have destroyed their land and their crops. We have cooperated in the crushing of the nation's only noncommunist revolutionary political force, the United Buddhist Church. This is a role our nation has taken, the role of those who make peaceful revolutions impossible but refusing to give up the privileges and the pleasures that comes from the immense profits of overseas investments. I'm convinced that if we are to get on the right side of the world revolution, we as a nation must undergo a radical revolution of values. We must rapidly begin the shift from a thing-oriented society to a person-oriented society. When machines and computers, profit motives and property rights are considered more important than people, the giant triplets of racism, militarism and economic exploitation are incapable of being conquered.”

Martin Luther King, Jr. (1929–1968) American clergyman, activist, and leader in the American Civil Rights Movement

1960s, Why I Am Opposed to the War in Vietnam (1967)

People, Pleasure, World, Family

“We do not need a large land force. The present size of our regular Army is entirely adequate, but it should continue to be supplemented by a National Guard and Reserves, and especially with the equipment and organization in our industries for furnishing supplies. When we turn to the sea the situation is different. We have not only a long coast line, distant outlying possessions, a foreign commerce unsurpassed in importance, and foreign investments unsurpassed in amount, the number of our people and value of our treasure to be protected, but we are also bound by international treaty to defend the Panama Canal. Having few fuelling stations, we require ships of large tonnage, and, having scarcely any merchant vessels capable of mounting five- or six-inch guns, it is obvious that, based on positions, we are entitled to a larger number of warships than a nation having these advantages.”

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

Speech on Armistice Day in Washington (11 November 1928), quoted in The Times (12 December 1928), p. 11.
1920s

People, Distant, Sea

“During the relatively brief period in the late 1960s when economists were pondering the possible obsolescence of business cycles, the scholarly discipline of macroeconomics showed signs of becoming fragmented into speciality areas devoted to components of the then popular large-scale econometric models-for example, consumption, investment, money demand, and the Phillips curve. But more recently the revival of severe real world business cycles, together with the revolutions associated with Milton Friedman's monetarism and Lucas's classical equilibrium models, has brought about a revival of interest in economic analysis that focuses on a few broad aggregates summarizing activity in the economy as a whole-nominal and real income, the inflation rate, and the unemployment rate.”

Robert J. Gordon (1940) American economist

Source: The American Business Cycle, 1986, p. 2

Money, World, Business

“Intelligent investment is more a matter of mental approach than it is of technique. A sound mental approach toward stock fluctuations is the touchstone of all successful investment under present-day conditions.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter II, The Investor and Stock-Market Fluctuations, p. 21

Intelligence, Success

“Yet it must be remembered that the essential theoretical core of the book - the relationship between oversaving, foreign investment and imperialism - appeared in an article written in 1898, before his South African trip.”

Peter Cain (1958) figure skater

Source: J. A. Hobson's Imperialism: A Study: A Centennial Retrospective (2002), p. 9.

Books, Appearance

“India needs to grow at 7 to 8 per cent to ensure full employment and we all will do our part to invest in India to make sure India achieves its growth potential.”

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

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

Parting

“Nationalisation…does not in itself engender greater equality, more jobs in the regions, higher investment or industrial democracy. The public knows this perfectly well, and so do the workers who have suffered from pit closures, steel redundancies and the run-down of the railways. It is idiotic to try to bamboozle them.”

Anthony Crosland (1918–1977) British politician

Speech in Rotherham (9 June 1973).

Democracy, Suffering

“Oh, for the farm where a man is truly independent, and where he deals with fundamentals, where the changing seasons brings changed work, and a man is out of doors all the time. It is on the farm that a man can devote his life to his investment and see the improvement and growth from year to year…I enjoy thinking of such things and there is no doubt that I am a midwesterner through and through.”

Nile Kinnick (1918–1943) College football player

Letter to his father (June 29, 1942)

Life, Thinking, Change, Time

“Economic logic requires that we maximize the productivity of the limiting factor in the short run, and invest in increasing its supply in the long run. When the limiting factor changes, then behavior that used to be economic becomes uneconomic. Economic logic remains the same, but the pattern of scarcity in the world changes, with the result that behavior must change if it is to remain economic. Instead of maximizing returns to and investing in man-made capital (as was appropriate in an empty world), we must now maximize returns to and invest in natural capital (as is appropriate in a full world). This is not “new economics,” but new behavior consistent with “old economics” in a world with a new pattern of scarcity.”

Herman E. Daly (1938) American economist

Herman E. Daly (1994) in: AnnMari Jansson. Investing in Natural Capital: The Ecological Economics Approach To Sustainability. 1994. p. 24

World, Behavior, Nature, Change

“Average Americans have little or no influence over the making of U. S. government policy. … Wealthy Americans wield a lot of influence. By investing money in politics, they can turn economic power into political power.”

Benjamin Page (1939) Professor of Decision Making

Benjamin I. Page and Martin Gilens, Democracy in America?: What Has Gone Wrong and What We Can Do About It (University of Chicago Press: 2017), p. 90

Money

“"Any graduate of the ___ Business School should be able to beat an index fund over the course of a market cycle."
Statements such as these are made with alarming frequency by investment professionals. In some cases, subtle and sophisticated reasoning may be involved. More often (alas), the conclusions can only be justified by assuming that the laws of arithmetic have been suspended for the convenience of those who choose to pursue careers as active managers.”

William F. Sharpe (1934) American economist

William F Sharpe, "The arithmetic of active management." Financial Analysts Journal 47.1 (1991): 7-9.

School, Law, Business

“One is that we are all responsible for our actions, our behavior, and our words, and we must take responsibility for everything we say and do. When you get your head wrapped around that, you can no longer think of life as a series of random events - you participate in life in a way you didn't previously. I am the architect of my destiny. I am in charge. I bring that to me, or I push that away. You can no longer blame other people for things that happened to you. The other is that there is order in the universe, even though it looks like chaos. We separate the world into categories: this is good and this is bad. But life is set up to trick us. It's a series of illusions we invest in. And ultimately those investments don't serve our understanding, because physicality is always going to let you down, because physicality doesn't last.”

Madonna (1958) American singer, songwriter, and actress

Madonnarama!, Vanity Fair, 2008-05-01 http://www.vanityfair.com/news/2008/05/madonna200805, About Kabbalah

Life, People, World, Way

“There are two things in the world that can never get on together—religion and common sense. Religion deals with the next life, common sense with this; religion points to the sky, common sense to the earth; religion is all imagination, common sense all reason; religion deals with what nobody can understand, common sense with what everybody can understand; religion gives us no return for our investments but flash notes on the bank of expectation, common sense gives us good interest and full security for our capital. They are as opposite as two things can possibly be, and they are always at strife. Religion is always trying to fill the world with delusions, and common sense is always trying to drive them away. Religion says Live for the next world, and common sense says Live for this.”

George William Foote (1850–1915) British secularist and journal editor

"Christianity and Common Sense" http://www.ftarchives.net/foote/flowers/114commonsense.htm, p. 114 Flowers of Freethought (1893)

Life, World, Religion, Imagination

“If any man loves the world, the love of the Father is not in him. All that is in the world, the lust of the flesh, the lust of the eyes, the pride of life, it's not of the Father, it's of the world. The world passeth away. It's all going to be gone. It's all going to burn. Do you know how much Howard Hughes left behind when he died? All of it, every penny. You're going to do the very same thing. Don't invest your life in things that are going to burn. The last thing we need to do, almost last thing, listen for the trumpet.”

Kent Hovind (1953) American young Earth creationist

Creation seminars (2003-2005), The dangers of evolution

Love, Life, World

“A company's success no longer depends primarily on its ability to raise investment capital. Success depends on the ability of its people to learn together and produce new ideas”

Arie de Geus (1930) Dutch businessman

Arie de Geus, in: " Arie de Geus: The Thought Leader http://www.strategy-business.com/article/17421?gko=cedb2," in: Strategy & Business. April 1, 2001, Nr 22-25. p. 26

People, Idea, Learning, Success

“If the amount of money going into the war economy were invested in landscape restoration, we would be in a far more positive position. It may get a little dire before we pull together, but I think when the prosperous nations, and in particular the US, realise they're wrecking their own kids' lives, there will be a mass change in value. It will be a difficult century, and ugly, but I don't think that in the end people are so stupid as to kill themselves off.”

Kim Stanley Robinson (1952) American science fiction writer

As quoted in "Future tense" in The Guardian (14 September 2005) http://www.guardian.co.uk/books/2005/sep/14/sciencefictionfantasyandhorror.sarahcrown

Money, War, People, Stupidity

“This theory maintains that the objectives of the firm should be derived by balancing the conflicting claims of the various 'stakeholders' in the firm: managers, workers, stockholders, suppliers, vendors. The firm has a responsibility to all of these and must configure its objectives so as to give each a measure of satisfaction. Profit which is a return on investment to the stockholder is one of such satisfactions, but does not receive special predominance in the objective structure”

Igor Ansoff (1918–2001) American mathematician

Source: Corporate Strategy, 1965, p. 34; Cited in: Russell L. Ackoff (1994), The Democratic Corporation. p. 37

“Looking back the great American ‘stabilisation’ [and boom] of 1922-1929 was really a vast attempt to destabilise the value of money in terms of human effort by means of a colossal programme of investment [driven by too easy credit]… which succeeded for a surprisingly long period, but which no human ingenuity could have managed to direct indefinitely on sound and balanced lines. [and therefore it ended dramatically in the huge 1929 stock market crash followed by the Great Depression. ]”

Dennis Holme Robertson (1890–1963) British economist

D.H. Robertson in "How Do We Want Gold to Behave?." The International Gold Problem, Humphrey Milford (1932): As cited in imagi-natives.com; Also cited in: Murray N. Rothbard (2013) America's Great Depression (LFB) p. 1921.

Money, Effort

“Between things sacred and profane there is this difference among others. In profane matters the instrument derives its worth from the end, and is valued for the most part only in so far as it is a means to that end; and consequently we change the instruments as the end demands, and finally, when the end is no longer pursued, the instruments automatically fall into disuse. But in sacred matters the end invests the instrument with a sanctity of its own. Consequently, there is no changing or varying of the instrument; and when the end has ceased to be pursued, the instrument does not fall out of use, but is directed towards another end. In other words: in the one case we preserve the shell for the sake of the kernel, and discard the shell when we have eaten the kernel; in the other case we raise the shell to the dignity of the kernel, and do not rob it of that dignity even if the kernel withers, but make a new kernel for it.”

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

Source: Selected Essays (1904), "Sacred and Profane" (1891), p. 41

Change, Parting

“Starting in 1918 at General Motors I found to my surprise] that if I followed the prevailing practice of intercorporate relations I would no longer be able to determine the rate of return on investment for these accessory divisions individually or as a group. This would necessarily mean that I would lose some degree of managerial control over my area of operations. At that time, material within General Motors was passing from one operating division to another at cost, or at cost plus some predetermined percentage. My divisions in the United Motors Corporation had sold both to outside customers and to their allied divisions at the market price. I knew that I operated a profit-making group, and I wished to continue to be able to demonstrate this performance to the general management, rather than to have my operating results on interdivisional business swallowed up in the extra bookkeeping profits of some other division. It was a case of keeping the information clear.”

Alfred P. Sloan (1875–1966) American businessman

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

Business, Time

“If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.”

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

As quoted in The Winning Investment Habits of Warren Buffett & George Soros (2006) by Mark Tier, p. 217

Money

“During those five years (of retirement), I traveled a lot and in some of the cities I visited, there was a kind of immediate recognition, whether it was Egypt or the Middle-East, or Russia or Africa. This kind of surprised me. It wasn't so much a reflection on me. It was a reflection on the Hindi film industry. People didn't know me by name, they knew me by my film name. They sang my songs when they saw me on the street, and came up to me and called me Vijay, for instance. I felt that if there is so much recognition of this medium and this industry in totally non-traditional regions of the world, why is it that something is not being done to market this or to promote it at a much larger scale? This is when I thought of the idea of forming a corporation much like international corporations worldwide to get a kind of professionalism and a kind of corporate attitude to the entertainment industry in this country and to be able to exploit it in all parts of the world. That was the attraction. That really brought me back again. Also, during my 30-year career, one of the accusations that used to come my way was that you've never invested back into the film industry. You've invested in pharmaceuticals, in this and that. But you've never invested your money back into the industry. But here, I felt, was one activity that was very genuine. I really was putting money back to raise the standard of working in the industry”

Amitabh Bachchan (1942) Indian actor

On his motivation behind starting ABCL
Quotable quotes by Amitabh Bachchan.

Money, People, World, Way

“Being superficially different is the goal of so many of the products we see... rather than trying to innovate and genuinely taking the time, investing the resources and caring enough to try and make something better.”

Jonathan Ive (1967) English designer and VP of Design at Apple

In The Globe and Mail newspaper (January 2007)

Time

“The enormous amount of financial resources and creative energy that nations have spent on wars and weapons could have been redirected to curing deadly diseases, feeding the hungry, eliminating poverty, promoting art and culture, investing in renewable clean energy, and solving a host of other important challenges facing humanity.”

Newton Lee American computer scientist

Counterterrorism and Cybersecurity: Total Information Awareness (2nd Edition), 2015

War, Disease, Art

“Pluralist societies are not accidents of history. They are a product of enlightened education and continuous investment by governments and all of civil society in recognizing and celebrating the diversity of the world’s peoples.”

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

In a speech on Democratic Development, Pluralism and Civil Society delivered at the Nobel Institute, Oslo, Norway (7 April 2005). http://www.akdn.org/speech/nobel-institute-oslo

People, World, Education, History

“Certainly, those persons that shall deny sanctification to be a most sure, sweet, and comfortable evidence of man's justification, they must not only blot out, and abolish the epistles of James and John, but must also raze out and abolish all those evangelical promises of grace and mercy, and of happiness and blessedness, that are made to such persons as are invested, enriched, and bespangled with the several graces of the Holy Spirit.”

Thomas Brooks (1608–1680) English Puritan

A Cabinet of Jewels

Personality, Happiness

“When Machiavelli advises the Prince to carry out the Machiavellian scheme of action, he invests those actions with no sort of morality or beauty. For him morality remains what it is for everyone else, and does not cease to remain so because he observes (not without melancholy) that it is incompatible with politics. … For him evil, even if it aids politics, still remains evil. The modern realists are the moralists of realism. For them, the act which makes the State strong is invested with a moral character by the fact that it does so, and this whatever the act may be. The evil which serves politics ceases to be evil and becomes good.”

Julien Benda (1867–1956) French essayist

Source: Treason of the Intellectuals (1927), pp. 107-108

Beauty, Strong, Evil

“They rode on. They rode like men invested with a purpose whose origins were antecedent to them, like blood legatees of an order both imperative and remote. For although each man among them was discrete unto himself, conjoined they made a thing that had not been before and in that communal soul were wastes hardly reckonable more than those whited regions on old maps where monsters do live and where there is nothing other of the known world save conjectural winds.”

Cormac McCarthy book Blood Meridian

Source: Blood Meridian (1985), Chapter XII

Men, World, Soul, Communication

“Wealthy investors should realize that they are the cash cows of the investment industry, and that most of the exclusive investment vehicles available to them - separate accounts, hedge funds, limited partnerships, and the like - are designed to bleed them with commissions, transactional costs, and other fees.”

William J. Bernstein (1948) economist

Source: The Four Pillars of Investing (2002), Chapter 8, Behavioral Therapy, p. 187.

Partnership

“If profits are a condition of successful growth, but profits are sought primarily for the sake of the firm, that is, to reinvest in the firm rather than to reimburse owners for the use of their capital or their 'risk bearing,' then, from the point of view of investment policy, growth and profits become equivalent as the criteria for the selection of investment programmes.”

Edith Penrose (1914–1996) economist

Source: The Theory of the Growth of the Firm, 1959, p. 30

Success

“The true order of events shows that orthodoxy clearly has reversed the process through which investment is funded. Banks do not begin as intermediaries which accept deposits of 'savers' and then make loans to 'investors', for this would assume that the public has already developed the 'banking habit'. This habit is the end result of public experience with short term bank liabilities which have been created as banks extend short term credit to finance working capital expenses.”

L. Randall Wray (1953) American economist

Source: Money and Credit in Capitalist Economies, 1990, p. 58; as cited in: Stein (1994).

“In 1990, East Asia, South Asia, and Africa all had the same percentage of people living in extreme poverty: 55 percent. Now, East Asia is at ten percent, and South Asia has gone down to 30 percent. In Africa, it’s still 55 percent. Why did we succeed in East Asia, and why are we falling behind in Africa? This year, we’re going to be lending over $60 billion. That seems like a lot of money, but every year, sub-Saharan Africa requires about $100 billion in new investment in infrastructure.”

Jim Yong Kim (1959) Korean-American physician and anthropologist, 12th President of the World Bank

Banker to the Poor, A Conversation With Jim Yong Kim, October, 14

Money, People

“Enormous resources are invested in pseudoscience that could be better invested in improving the health and education of the public.”

Mordechai Ben-Ari (1948) Israeli computer scientist

Source: Just a Theory: Exploring the Nature of Science (2005), Chapter 5, “Pseudoscience: What Some People Do Isn’t Science” (p. 95)

Health, Education

“There is…a very obvious and almost facile connection between the war in Vietnam and the struggle I and others have been waging in America. A few years ago there was a shining moment in that struggle. It seemed that there was a real promise of hope for the poor, both black and white, through the Poverty Program. There were experiments, hopes, and new beginnings. Then came the build-up in Vietnam. And I watched the program broken as if it was some idle political plaything of a society gone mad on war. And I knew that America would never invest the necessary funds or energies in rehabilitation of its poor so long as adventures like Vietnam continued to draw men and skills and money, like some demonic, destructive suction tube. And you may not know it, my friends, but it is estimated that we spend $500,000 to kill each enemy soldier, while we spend only fifty-three dollars for each person classified as poor, and much of that fifty-three dollars goes for salaries to people that are not poor. So I was increasingly compelled to see the war as an enemy of the poor, and attack it as such.”

Martin Luther King, Jr. (1929–1968) American clergyman, activist, and leader in the American Civil Rights Movement

1960s, Why I Am Opposed to the War in Vietnam (1967)

Men, Money, War, People

“Let's stop for a second and remember where we were eight years ago. We had the worst financial crisis, the Great Recession, the worst since the 1930s. That was in large part because of tax policies that slashed taxes on the wealthy, failed to invest in the middle class, took their eyes off of Wall Street, and created a perfect storm. In fact, Donald was one of the people who rooted for the housing crisis. He said, back in 2006, "Gee, I hope it does collapse, because then I can go in and buy some and make some money." Well, it did collapse…. We have come back from that abyss. And it has not been easy. So we're now on the precipice of having a potentially much better economy, but the last thing we need to do is to go back to the policies that failed us in the first place.”

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

Presidential campaign (April 12, 2015 – 2016), First presidential debate (September 26, 2016)

Money, People, Hope, Parting

“Investing is not a destination. It is an ongoing journey through its four continents - theory, history, psychology and business.”

William J. Bernstein (1948) economist

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

History, Business

“All the real money in investment will have to be made—as most of it has been in the past— not out of buying and selling but out of owning and holding securities, receiving interests and dividends therein, and benefiting from their long-term increases in value. Hence stockholder's major energies and wisdom as investors should be directed toward assuring themselves of the best operating results from their corporations. This in turn means assuring themselves of fully honest and competent managements.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter I, What the Intelligent Investor Can Accomplish, p. 17

Wisdom, Money, Past

“What sex is to the biology classroom, stocks and investment riskiness is to the sophomore economics lecture hall.”

Paul A. Samuelson (1915–2009) American economist

Samuelson's Economics at Fifty: Remarks on the Occasion of the Anniversary of Publication (1998)
1980s–1990s

Sex

“Therefore, broadly speaking, males invest less and seek quantity of mates, while females invest more and seek quality of mates.”

Matt Ridley (1958) economist

Source: The Red Queen (1993), Ch. 3

“Jesus once said that the dead should left to bury the dead (Luke 9:60). This shows no disrespect for the dead. It shows an awareness that there are some functions in society that will be well taken care of without Christians investing their creativity in those functions. Someone else, in meeting such needs, can make a stable living. Burying the dead is still one of the businesses in which you can make a stable living. There are other such services that we can count on society handling by itself. Leadership in government and business are among these. Let us reserve our limited creativity for functions that will not be taken care of if we do not to it.”

John Howard Yoder (1927–1997) 20th century American Mennonite theologian

Source: Radical Christian Discipleship (2012), p. 41

Business, Dead

“Every child in American should have access to a well-stocked school library. … An investment in libraries is an investment in our children's future.”

Laura Bush (1946) First Lady of the United States from 2001 to 2009

As quoted in Biography Today : Profiles of People of Interest to Young Readers, Vol. 12, Issue 2 : Laura Bush by Joanne Mattern (2003), p. 34

Children, School, Future

“Stock markets are never better performing than during a hyperinflation. Interest rates are rock bottom, but only through artificial means. Gross Private Domestic Investment is still falling off a cliff, having already completely erased ten years of investment from the record of history. Here is a fundamental factor that suggests that terrible things are still to come our way. And I guess I'll have to put this in italics because the point seems to be lost in the shuffle: unemployment is still rising, even soaring straight to double digits!
The sociology of this intrigues me to no end. Unemployment is one of the human elements that journalists are supposed to glom onto. Oh, look at poor Bob and Jane and how they lost their jobs and have nowhere to go, etc., etc. Talk about human interest! Where are the weepy stories about the plight of people wandering around with no work? Instead, we get happy clappy stories about how things are not nearly as bad as they might be had the great and powerful Obama of Oz not appeared to save the day. There is also the remarkable spin that things are getting worse, yes, but at a slower pace than before – an observation that might be most commonly heard in Hell.”

Lew Rockwell (1944) American libertarian author and editor

6 August 2009 "Obama and the Economy" http://www.lewrockwell.com/rockwell/obama-economy125.html 2000s

People, Way, History, Hell

“Much of what we call consumption constitutes investment in human capital. Direct expenditures on education, health, and internal migration to take advantage of better job opportunities are clear examples. Earnings foregone by mature students attending school and by workers acquiring on the-job training are equally clear examples.”

Theodore Schultz (1902–1998) American economist

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

Health, Education, School, Training

“Every civilization must be organized in such a way that it has invention, capital accumulation, and investment.”

Carroll Quigley (1910–1977) American historian

Source: The Evolution of Civilizations (1961) (Second Edition 1979), Chapter 5, Historical Change in Civilizations, p. 137

Way

“Investing is not buying. It’s more a case of knowing.”

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!

“With all the clever brains in America it would be great to see more investment and focus on this essential research!”

Louise Burfitt-Dons (1953) Activist, writer, blogger

Video message sent to Joe Biden in response to his suggestions for green jobs (2009)

“It is a chance to flit off and double-check my memory, which I have found to be astonishingly unreliable.
Apparently none of us really remember anything exactly the way it happened. And often the divergence is proportional to the amount of ego and wishful thinking we have invested.”

Glen Cook book Bleak Seasons

Source: Bleak Seasons (1996), Chapter 90 (p. 243)

Way, Thinking, Memory, Chance

“If our commitment to remain an open society is one of the pillars of our nationhood, the other is our commitment to remain an open economy. An economy that guarantees the freedom of enterprise, respects individual creativity, and at the same time mobilizes public investment for social infrastructure and the development of human capabilities. Indeed, it would be no exaggeration to suggest that these are the principles to which all countries will increasingly want to adhere. In relating to the world, we must never lose sight of this vital aspect of our Nationhood.”

Manmohan Singh (1932) 13th Prime Minister of India

As quoted in "Speech by Prime Minister Dr. Manmohan Singh at India Today Conclave, New Delhi" http://www.mea.gov.in/Speeches-Statements.htm?dtl/2464/, Ministry of External Affairs (India) (25 February 2005) 2001-2005

World, Freedom, Time, Country

“We are now more Socialist in many ways than any other developed country outside the Communist bloc—in the size of the public sector, the range of controls and the telescoping of net income. And what is the result? Compare our position today with that of our neighbours in north west Europe—Germany, Sweden, Holland, France. They are no more talented than we are. Yet, compared with them, we have the longest working hours, the lowest pay and the lowest production per head. We have the highest taxes and the lowest investment. We have the least prosperity, the most poor and the lowest pensions. We have the largest nationalized sector and the worst labour troubles.”

Keith Joseph (1918–1994) British barrister and politician

Speech in Upminster http://www.margaretthatcher.org/archive/displaydocument.asp?docid=110604 (22 June 1974) 1970s

Way, Country

“Lernaeodiscus porcellanae turns control of the host into a fine art. After castration by the parasite, male crabs develop female characteristics in both anatomy and behavior, while females become even more feminized. The emerging externa then takes the same form and position as the crab's own egg mass… The crabs then treat the externa as their own brood. In other words, the parasite usurps all the complex care normally invested in the crab's own progeny.”

Stephen Jay Gould book Leonardo's Mountain of Clams and the Diet of Worms

Triumph of the Root-Heads, p. 368
Leonardo's Mountain of Clams and the Diet of Worms (1998)

Art, Behavior

“To the extent that bilateral investment treaties and free trade agreements lead to violations of human rights, they should be modified or terminated”

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

“One of the most powerful engines of development and prosperity is trade and investment, which create new opportunities for entrepreneurs, and help people rise out of poverty, and reinforce fundamental values like transparency and rule of law. For all these reasons, many in these chambers have conducted free trade agreements at bilateral and regional levels. The most effective step of all would be an agreement that tears down trade barriers at the global level. The recent impasse in the Doha round is disappointing, but that does not have to be the final word. I urge every nation to seize this opportunity to lift up economies around the world and reach a successful Doha agreement as soon as possible. Beyond Doha, our nations must renew our commitment to open economies, and stand firm against economic isolationism. These objectives are being tested by turbulence in the global financial markets. Our economies are more closely connected than ever before, and I know that many of you here are watching how the United States government will address the problems in our financial system.”

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

2000s, 2008, Address to the United Nations General Assembly (September 2008)

People, World, Law, Disappointment

“What counts for most people in investing is not how much they know, but rather how realistically they define what they don't know.”

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

http://www.marketwatch.com/story/the-genius-of-warren-buffett-in-23-quotes-2015-08-19 "The genius of Warren Buffett in 23 quotes" MarketWatch (19 August 2015)
Quotes from the press

People

“Stocks that are selected conservatively and pay high cash dividends [higher than bonds] are, in fact, my favorite investment alternative, especially where there is the prospect of currency profits….”

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

Quotes from Crash Proof (2006)

“I wouldn't go to war again as I have done to protect some lousy investment of the bankers. There are only two things we should fight for. One is the defense of our homes and the other is the Bill of Rights. War for any other reason is simply a racket.”

Smedley D. Butler (1881–1940) United States Marine Corps General, 2 time Medal of Honor recipient and activist

From a speech (1933)

War, Home, Fight

“The economic crisis was a reflection of narcissism and very primitive defense mechanisms (such as a complete denial of economic reality) built into the financial system. The best and brightest MBA students have been going into investment banking; many of them used their brains essentially to play casino games, and not to add much value to society.
Now, we’ve seen the result. Look at the least-admired professions in most countries over the years: telemarketers and used-car salesmen. Today, you have bankers and CEOs achieving the same low rating. Companies like Citibank — which was the brainchild of one of the most visibly narcissistic executives in the world, Sanford Weill — have essentially collapsed. They have grown too complex for the people who work there to understand. I strongly question what the different parts of Citibank have in common. No matter what kinds of regulatory reforms are initiated, more companies will collapse this way, because narcissism breeds this kind of unmanageable grandiosity.”

Manfred F.R. Kets de Vries (1942) Dutch academic

Manfred Kets de Vries in: " The Thought Leader Interview: Manfred F.R. Kets de Vries http://www.strategy-business.com/article/10209?gko=cbe31," in: Strategy + business. May 10, 2010. Originally published by Booz & Company.

People, World, Cars, Way

“An irresistible footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities — at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.”

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

1978 Chairman's Letter http://www.berkshirehathaway.com/letters/1978.html Letters to Shareholders (1957 - 2012)

“One of these is an increasing awareness of the benefits to our economy, particularly in terms of investment and enterprise, both local and from overseas, of not having the inquisitorial type of tax system inevitably associated with a full income tax. Another is that even I, who have always believed in the vigour of our economy under our present tax regime, have been surprised by the growth of revenue generated at our present tax rates.”

John James Cowperthwaite (1915–2006) British colonial administrator

March 29, 1967, page 248.
Official Report of Proceedings of the Hong Kong Legislative Council

“I can find lots of examples where a game won't make you rich, but I can't find a reasonable case where a Linux port doesn't have at least a small, positive return on investment.”

Ryan C. Gordon (1978) Computer programmer

Quoted in Robin Heggelund Hansen, "Porting games to Linux" http://www.hardware.no/artikler/ryan_c_gordon_and_michael_simms/68450/1 hardware.no (2009-03-10)

Game

“Those corporations that continue to invest in new fossil fuel exploration, new fossil fuel exploitation, are really in flagrant breach of their fiduciary duty because the science is abundantly clear that this is something we can no longer do.”

Christiana Figueres (1956) Costa Rican politician

Cited in Tim Flannery, Atmosphere of Hope. Solutions to the Climate Crisis, Penguin Books, 2015, pages 123-124 ISBN 9780141981048.

Science

“A framework as it applies to enterprises is simply a logical structure for classifying and organising the descriptive representations of an enterprise that are significant to the management of the enterprise as well as to the development of the enterprise's system [with the aim of] rationalising the carious concepts and specifications in order to provide for clarity of professional communication, to allow for improving and integrating development methodologies and tools, and to establish credibility and confidence in the investment of systems resources.”

John Zachman (1934) American computer scientist

Zachman cited in: Egon Berghout and Dan Remenyi, Egon Berghout (2003) Proceedings of the 10th European Conference on Information Technology Evaluation - 2003. p. 503
In this quote the "framework" refers to the Zachman Framework

Confidence, Communication

“But I was confused. Here we were scrambling around looking under rocks for great long-term investments, and every other hedge fund, or so it seemed, was doing some funny hedge of cheap yen money and T-bills. That's investing?”

Andy Kessler (1958) American writer

Part IV, Intellectual Property, The Yen-Scary Trade, p. 165.
Running Money (2004) First Edition

Money

“Eternity invests every state, whether of bliss or of suffering, with a mysterious and awful importance, entirely its own. It gives that weight and moment to whatever it attaches, compared to which all interests that know a period fade into absolute insignificance.”

Robert Hall (1764–1831) British Baptist pastor

Source: Dictionary of Burning Words of Brilliant Writers (1895), P. 212.

Suffering

“Secularism per se is a doctrine which arose in the modem West as a revolt against the closed creed of Christianity. Its battle-cry was that the State should be freed from the stranglehold of the Church, and the citizen should be left to his own individual choice in matters of belief. And it met with great success in every Western democracy. Had India borrowed this doctrine from the modem West, it would have meant a rejection of the closed creeds of Islam and Christianity, and a promotion of the Sanatana Dharma family of faiths which have been naturally secularist in the modern Western sense. But what happened actually was that Secularism in India became the greatest protector of closed creeds which had come here in the company of foreign invaders, and kept tormenting the national society for several centuries.
We should not, therefore, confuse India's Secularism with its namesake in the modern West. The Secularism which Pandit Jawaharlal Nehru propounded and which has prospered in post-independence India, is a new concoction and should be recognized as such. We need not bother about its various definitions as put forward by its pandits. We shall do better if we have a close look at its concrete achievements.
Going by those achievements, one can conclude quite safely that Nehruvian Secularism is a magic formula for transmitting base metals into twenty-four carat gold. How else do we explain the fact of Islam becoming a religion, and that too a religion of tolerance, social equality, and human brotherhood; or the fact of Muslim rule in medieval India becoming an indigenous dispensation; or the fact of Muhammad bin Qasim becoming a liberator of the toiling masses in Sindh; or the fact of Mahmud Ghaznavi becoming the defreezer of productive wealth hoarded in Hindu temples; or the fact of Muhammad Ghuri becoming the harbinger of an urban revolution; or the fact of Muinuddin Chishti becoming the great Indian saint; or the fact of Amir Khusru becoming the pioneer of communal amity; or the fact of Alauddin Khilji becoming the first socialist in the annals of this country; or the fact of Akbar becoming the father of Indian nationalism; or the fact of Aurangzeb becoming the benefactor of Hindu temples; or the fact of Sirajuddaula, Mir Qasim, Hyder Ali, Tipu Sultan, and Bahadur Shah Zafar becoming the heroes of India's freedom struggle against British imperialism or the fact of the Faraizis, the Wahabis, and the Moplahs becoming peasant revolutionaries and foremost freedom fighters?
One has only to go to the original sources in order to understand the true character of Islam and its above-mentioned luminaries. And one can see immediately that their true character has nothing to do with that with which they have been invested in our school and college text-books. No deeper probe is needed for unraveling the mysteries of Nehruvian Secularism.”

Sita Ram Goel (1921–2003) Indian activist

Tipu Sultan - Villain or Hero (1993)

Books, School, Family, Faith

“The true yield of business is determined less by the size of the estate than by the sum of the investment.”

Albrecht Thaer (1752–1828) German agronomist and an avid supporter of the humus theory for plant nutrition

Thaer cited in: Marion W. Gray (2000). Productive Men, Reproductive Women: The Agrarian Household and the Emergence of Separate Spheres During the German Enlightenment. p. 267.

Business

“I heard my mother remark occasionally: 'A man who accepts a job under anyone is a slave.' That impression became so indelibly fixed that even after my marriage I refused all positions. I met expenses by investing my family endowment in land. Moral: Good and positive suggestions should instruct the sensitive ears of children. Their early ideas long remain sharply etched.”

Yukteswar Giri (1855–1936) Indian yogi and guru

Autobiography of a Yogi (1946)

Marriage, Children, Family, Idea

“First of all, I think the United States is the greatest country in the world to invest in. And we see that. And we see that money is pouring into the United States for those reasons. So I think we're really going to be focused on economic growth and creating jobs. And that's really going to be the priority.”

Steven Mnuchin (1962) 77th and current United States Secretary of the Treasury

As quoted in "Trump Cabinet picks: Ross and Mnunchin's exclusive interview with CNBC's 'Squawk Box'" at CNBC (30 November 2016) https://www.cnbc.com/2016/11/30/trump-cabinet-picks-ross-and-mnunchins-exclusive-interview-with-cnbc.html

Money, World, Thinking, Country

“The power of a government with so much money would be frightening. By controlling investment capital, it would be in a position to dominate business. We would then risk ending up with a sort of national socialism, as it was practiced in Nazi Germany.”

Judy LaMarsh (1924–1980) Canadian politician, writer, broadcaster and barrister.

newspaper on Sep.27th, 1963, to oppose Quebec's pension investment fund (RRQ+CDPQ). Her government ended up setting up exactly that type of fund shortly after (CPP+CPPIB).
Source: https://books.google.ca/books?id=fn0NgNxTAxIC&pg=PT223&lpg=PT223
Source: http://ici.radio-canada.ca/emissions/tout_le_monde_en_parlait/2009/reportage.asp?idDoc=86807

Money, Business

“No human being has the faculty of originally creating matter, which is more than nature itself can do. But any one may avail himself of the agents offered him by nature, to invest matter with utility.”

Jean-Baptiste Say (1767–1832) French economist and businessman

Source: A Treatise On Political Economy (Fourth Edition) (1832), Book I, On Production, Chapter II, p. 65

Nature

“I had taken up the question of interdivisional relations with Mr. Durant [president of GM at the time] before I entered General Motors and my views on it were well enough known for me to be appointed chairman of a committee "to formulate rules and regulations pertaining to interdivisional business" on December 31, 1918. I completed the report by the following summer and presented it to the Executive Committee on December 6, 1919. I select here a few of its first principles which, though they are an accepted part of management doctrine today, were not so well known then. I think they are still worth attention.
I stated the basic argument as follows:
The profit resulting from any business considered abstractly, is no real measure of the merits of that particular business. An operation making $100,000.00 per year may be a very profitable business justifying expansion and the use of all the additional capital that it can profitably employ. On the other hand, a business making $10,000,000 a year may be a very unprofitable one, not only not justifying further expansion but even justifying liquidation unless more profitable returns can be obtained. It is not, therefore, a matter of the amount of profit but of the relation of that profit to the real worth of invested capital within the business. Unless that principle is fully recognized in any plan that may be adopted, illogical and unsound results and statistics are unavoidable …”

Alfred P. Sloan (1875–1966) American businessman

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

Question, Business, Thinking, Time

“What capital I give for the spade merely replaces what the manufacturer had already invested in the expectation that the spade would be needed.”

William Stanley Jevons The Theory of Political Economy

Source: The Theory of Political Economy (1871), Chapter VII, Theory of Capital, p. 188.

“In the last few years, we have seen the executive branch declare itself outside the law — in prosecuting a war on terror. The law against torture has been suspended. The balance between the executive and legislative branch has been dismissed by signing statements and the theory of the unitary executive. The executive has declared its right to suspend habeas corpus indefinitely, to tap anyone's phones without court warrants and to detain and torture anyone it decides is an "enemy combatant." In that sense, we have already left the realm of constitutional government in favor of a protectorate outside the law promising to keep us safe (but never from itself).
But this new move to create a de facto dictator for the financial markets, to invest a Treasury secretary with unprecedented powers to buy and sell at close to a trillion dollar level — with no oversight or accountability: this is a new collapse in democratic life and constitutional norms.”

Andrew Sullivan (1963) Journalist, writer, blogger

"How Democracies Become Dictatorships," http://andrewsullivan.theatlantic.com/the_daily_dish/2008/09/how-democracies.html The Daily Dish (29 September 2008)

Life, War, Law, Sense

“Question: If you could pick one cause that has gotten us here, what'd you say it is?
Ron Paul: Easy money. The Federal Reserve artificially lowering interest rates, deceiving the people, the investors, the savers, into believing that there's a lot of savings out there, and that we should invest more, build more houses, more cars. It's the malinvestment, which is every bit as dangerous, from the inflation of the money supply, as is the high prices that usually come.”

Ron Paul (1935) American politician and physician

Fox Business Network, March 24, 2009 http://www.youtube.com/watch?v=hkJ1sa9mxCU 2000s, 2006-2009

Money, People, Cars, Question

“Binding obligations on investors and corporations must be incorporated into trade and investment agreements, and public courts must have jurisdiction to examine violations and impose sanctions on violators.”

Alfred de Zayas (1947) American United Nations official

2018, Report submitted to the UN Human Rights Council

“If you invested in a very low cost index fund — where you don’t put the money in at one time, but average in over 10 years — you’ll do better than 90% of people who start investing at the same time.”

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

Berkshire Hathaway Annual Meeting (2004), as quoted at The Buffett http://www.thebuffett.com/quotes.html

Money, People, Time

“We’ve set two goals: ending extreme poverty by 2030 and boosting shared prosperity. How are we going to get there? Generally speaking, it divides into three main categories. One is economic growth. If you look at the greatest achievements in lifting people out of poverty, China, almost through brute economic growth, lifted 600 million people out of poverty. The second big block is investment in human beings. In other words, making sure that the poorest people have some kind of income or sustenance to be able to consume and, potentially, participate in economic growth. And a third category is social protection.”

Jim Yong Kim (1959) Korean-American physician and anthropologist, 12th President of the World Bank

Banker to the Poor, A Conversation With Jim Yong Kim, October, 14

People

“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”

Robert S. Kaplan (1940) American accounting academic

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

People, Age, Knowledge, Time

“But I think [the] Uttar Pradesh electorate was fed up of this caste-based politics as the state has hardly seen any development, [the] [law-and-order] situation has deteriorated, investment, employment, women’s safety, rural and agriculture development, these areas hardly saw any development.”

Amit Shah (1964) Indian politician

"Exclusive Amit Shah Interview: People are waiting to vote for Modi," 2013, "Sunday Interview: We had 450 video raths with GPS and I’d get feedback on my mobile, says Amit Shah", 2014

Women, Law, Thinking

“It has been estimated that even in the absence of net investment, the mere substitution of modern machinery for worn-out equipment in the United States would cause an annual productivity increase of approximately 1.5 percent.”

Paul A. Baran (1909–1964) American Marxist economist

Source: The Political Economy Of Growth (1957), Chapter Four, Standstill and Movement Under Monopoly Capitalism, II, p. 88

“Successful investing is anticipating the anticipations of others.”

John Maynard Keynes (1883–1946) British economist

As quoted in Isms (2006) by Gregory Bergman, p. 105
Attributed

Success

“The competition between chunks of capital is getting fiercer, there is the same old same old desperate need to keep wages down, desperate need to substitute machines for labour (but that costs trillions of investment) and no matter how hard you exploit workers, you still need to sell stuff to them, and if their wages are low, they can't buy the stuff. You can force the poorly paid into borrowing money (credit cards, wonga etc) but there comes a point when that causes a credit crisis: someone somewhere says they want some dosh and a bank somewhere says they haven't got the dosh (Northern Rock, last time). Let's remember, none of this is caused by migrants or left social democrats. This is a crisis entirely born from a system that is locked into competition for markets. So, these fervid rows between squadrons of extremely unpleasant individuals are rows between people who deep down know that they can't control this system of running the making and distribution of the things we need. They are just coming up with fantasies on how to stay in power while the next phase veers from crisis to crisis. It is terrible for millions of people in awful insecure, low paid jobs and/or in insecure, lousy housing, or if they are disabled, or for millions trying to migrate their way out of poverty and despair. We should be alarmed when members of the ruling class start pleading with us to take sides with them against the 'elite': one section of the elite calling for us to oppose the elite.”

Michael Rosen (1946) British children's writer

'Neither Brussels or the City - for the many not the few'. http://michaelrosenblog.blogspot.com/2018/07/neither-brussels-or-city-for-many-not.html (6 July 2018)

Money, People, Way, Time

“Once stock prices reach the point at which it is hard to value them by logical methodology, stocks will be bought as they were in the late 1920s not for investment but to be unloaded at a still higher price. The ensuing break could be disastrous because panic psychology cannot be summarily altered or reversed by easing money policies.”

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

Greenspan in 1959. http://www.safehaven.com/article-171.htm. 1950–60s

Money

“If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety. So, the more vulnerable the business is, assuming you still want to invest in it, the larger margin of safety you'd need. If you're driving a truck across a bridge that says it holds 10,000 pounds and you've got a 9,800 pound vehicle, if the bridge is 6 inches above the crevice it covers, you may feel okay, but if it's over the Grand Canyon, you may feel you want a little larger margin of safety…”

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

1997 Berkshire Hathaway Annual Meeting, as quoted in Of Permanent Value : The Story of Warren Buffett, by Andrew Kilpatrick, Vol. 2 (2007), p. 1615

Way, Feeling, Business, Future

“Those who invest in South Africa should not think they are doing us a favor; they are here for what they get out of our cheap and abundant labor, and they should know that they are buttressing one of the most vicious systems.”

Desmond Tutu (1931) South African churchman, politician, archbishop, Nobel Prize winner

Quoted by L.A. Mayor Tom Bradley in letter to the editor Los Angeles Times (13 May 1985)

Thinking

“Assessing the value of information technology (IT) has never been easy. Delayed benefits, unintended uses, business changes, and hidden support costs inhibit meaningful evaluation of individual TT investments. This was true when most investments were focused on the support of a single business process or functional area. It is even more true as business executives ponder implementations of shared technologies like data warehouses and networks, replacement of large legacy systems, and reskilling of the IT staff. Although firms introduce some systems to reduce costs and can evaluate them in terms of their success in doing so, they want many IT initiatives to support a firm's objectives. The value of these initiatives rest in their contributions to a firm's competitiveness, which is often non quantifiable and uncertain.”

Jeanne W. Ross (1958) American computer scientist

Jeanne W. Ross, Cynthia Mathis Beath, and Dale L. Goodhue (1996). " Develop long-term competitiveness through IT assets http://layoftheland.net/archive/web/mis-575/course_docs/topic_4/ross.beath.goodhue.ITassets.pdf." Sloan management review Vol 38 (1). p. 31.

Business, Support, Change, Success