Quotes about stock
page 4

“Marrying for buty iz a poor spekulashun, for enny man who sees yure wife, has got just about az mutch stock in her as yu have.”

Josh Billings (1818–1885) American humorist

Josh Billings: His Works, Complete (1873)

“Nothing in finance is more fatuous and harmful, in our opinion, than the firmly established attitude of common stock investors regarding questions of corporate management. That attitude is summed up in the phrase: "If you don't like the management, sell your stock." […] The public owners seem to have abdicated all claim to control over the paid superintendents of their property”

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. 18

Question

“His name never appeared in the papers.
The world maintained its traditional wall
Round the dead with their gold sunk deep as a well,
Whilst his life, intangible as a Stock Exchange
rumour, drifted outside.”

Stephen Spender (1909–1995) English poet and man of letters

"Ultima Ratio Regum"
The Still Centre (1939)

Life, World, Appearance, Dead

“They went running around to jewelry stores, banks, and well-stocked super-markets. There is not a single hill that they kept or liberated. On the other hand, the soldiers and officers in the army lead modest lives.”

Ratko Mladić (1943) Commander of the Bosnian Serb military

Commenting on war profiteers in interview with Robert Block, 1995
Interviews (1993 – 1995)

“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

“A foreign visitor to the Berlin Stock Exchange would easily be deceived. There are announcements of daily quotations and price changes as though a free Stock Exchanged still existed, but nowhere would he find the former ‘public’— private buyers and sellers—as represented by independent brokers, bankers and ‘visitors.”

Günter Reimann (1904–2005) German economist

Source: The Vampire Economy: Doing Business Under Fascism, 2014, p. 178

Change

“After we have become familiar with the new idea, however, after it has become part of our general stock of theoretical concepts, our expectations are brought more into balance with its actual uses, and its excessive popularity is ended. A few zealots persist in the old key-to-the-universe view of it; but less driven thinkers settle down after a while to the problems the idea has really generated. They try to apply it and extend it where it applies and where it is capable of extension; and they desist where it does not apply or cannot be extended. It becomes, if it was, in truth, a seminal idea in the first place, a permanent and enduring part of our intellectual armory. But it no longer has the grandiose, all-promising scope, the infinite versatility of apparent application, it once had. The second law of thermodynamics, or the principle of natural selection, or the notion of unconscious motivation, or the organization of the means of production does not explain everything, not even everything human, but it still explains something; and our attention shifts to isolating just what that something is, to disentangling ourselves from a lot of pseudoscience to which, in the first flush of its celebrity, it has also given rise.”

Clifford Geertz book The Interpretation of Cultures

Source: The Interpretation of Cultures (1973), p. 3-4

Truth, Law, Motivation, Idea

“Avenge, O Lord, thy slaughtered saints, whose bones
Lie scattered on the Alpine mountains cold;
Ev'n them who kept thy truth so pure of old
When all our fathers worshipped stocks and stones
Forget not.”

John Milton (1608–1674) English epic poet

On the Late Massacre in Piedmont (1655)

Truth, Lie, Mountain, Forgetting

“First, most of the speculation about the superiority of the communist system - including the popular view that Western economies could painlessly accelerate their own growth by borrowing some aspects of that system - was off base. Rapid Soviet economic growth was based entirely on one attribute: the willingness to save, to sacrifice current consumption for the sake of future production. The communist example offered no hint of a free lunch.
Second, the economic analysis of communist countries' growth implied some future limits to their industrial expansion - in other words, implied that a naive projection of their past growth rates into the future was likely to greatly overstate their real prospects. Economic growth that is based on expansion of inputs, rather than on growth in output per unit of input, is inevitably subject to diminishing returns. It was simply not possible for the Soviet economies to sustain the rates of growth of labor force participation, average education levels, and above all the physical capital stock that had prevailed in previous years. Communist growth would predictably slow down, perhaps drastically.”

Paul Krugman (1953) American economist

Pop Internationalism (1996), Asia's Miracle (1994)

Education, Past, Future, Country

“He [Obama] lost the popular vote by a lot and won the election. We should have a revolution in this country!
The phoney [sic] electoral college made a laughing stock out of our nation. The loser one!”

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

Two Twitter posts dated , as quoted in * 2016-11-15 Trump's flip-flop on the electoral college: From ‘disaster' to ‘genius' The Washington Post https://www.washingtonpost.com/news/fact-checker/wp/2016/11/15/trumps-flip-flop-on-the-electoral-college-from-disaster-to-genius/ 2016-11-15 Cf. Trump's interview on 60 Minutes as President-elect (13 November 2016): "I'm not going to change my mind just because I won. But I would rather see it where you went with simple votes. You know, you get 100 million votes and somebody else gets 90 million votes and you win. There's a reason for doing this because it brings all the states into play. Electoral College and there's something very good about that. But this is a different system. But I respect it. I do respect the system." ( transcript http://www.cbsnews.com/news/60-minutes-donald-trump-family-melania-ivanka-lesley-stahl/) 2010s, 2012

Country

“If stocks are optimistic, then so am I.”

Lawrence Kudlow (1947) American economist

Kudlow's Money Politics blog http://kudlowsmoneypolitics.blogspot.com/2007/09/september-optimism.html, September 4, 2007.

“The greatest natural genius cannot subsist on its own stock: he who resolves never to ransack any mind but his own, will be soon reduced, from mere barrenness, to the poorest of all imitations; he will be obliged to imitate himself, and to repeat what he has before often repeated. When we know the subject designed by such men, it will never be difficult to guess what kind of work is to be produced.”

Joshua Reynolds (1723–1792) English painter, specialising in portraits

Discourse no. 6; vol. 1, p. 158.
Discourses on Art

Men, Nature

“For too long people have forgotten what a genius there is in the ordinary people of this country…the English stock is a true stock; and our people are the same people as those who built our cathedrals and our village churches: who carved the sculptures and who carved the screens inside them.”

Stanley Baldwin (1867–1947) Former Prime Minister of the United Kingdom

Speech upon receiving the Freedom of the City of Winchester (6 July 1928), published in This Torch of Freedom (1935), p. 115.
1928

People, Country

“You will find an allusion to some mysterious cause for a phenomenon in Stocks. It is surmised that the deferred debt is to be taken up at the next session, and some anticipated provision made for it. This may either be an invention of those who wish to sell, or it may be a reality imparted in confidence to the purchasers or smelt out by their sagacity. I have had a hint that something is intended and has dropt from 1 which has led to this speculation. I am unwilling to credit the fact, untill I have further evidence, which I am in a train of getting if it exists. It is said that packet boats & expresses are again sent from this place to the Southern States, to buy up the paper of all sorts which has risen in the market here. These & other abuses make it a problem whether the system of the old paper under a bad Government, or of the new under a good one, be chargeable with the greater substantial injustice. The true difference seems to be that by the former the few were the victims to the many; by the latter the many to the few. It seems agreed on all hands now that the bank is a certain & gratuitous augmentation of the capitals subscribed, in a proportion of not less than 40 or 50 [per cent] and if the deferred debt should be immediately provided for in favor of the purchasers of it in the deferred shape, & since the unanimous vote that no change [should] be made in the funding system, my imagination will not attempt to set bounds to the daring depravity of the times. The stock-jobbers will become the pretorian band of the Government, at once its tool & its tyrant; bribed by its largesses, & overawing it by clamours & combinations. Nothing new from abroad. I shall not be in [Philadelphia] till the close of the Week.”

James Madison (1751–1836) 4th president of the United States (1809 to 1817)

Letter to Thomas Jefferson (8 August 1791)
1790s

Confidence, Imagination, Problem, Reality

“When I became secretary of state, Iran was weeks away from having enough nuclear material to form a bomb. They had mastered the nuclear fuel cycle under the Bush administration. They had built covert facilities. They had stocked them with centrifuges that were whirling away. And we had sanctioned them. I voted for every sanction against Iran when I was in the Senate, but it wasn't enough. So I spent a year-and-a-half putting together a coalition that included Russia and China to impose the toughest sanctions on Iran.”

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

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

“It [knowledge] is clearly related to information, which we can now measure; and an economist especially is tempted to regard knowledge as a kind of capital structure, corresponding to information as an income flow. Knowledge, that is to say, is some kind of improbable structure or stock made up essentially of patterns — that is, improbable arrangements, and the more improbable the arrangements, we might suppose, the more knowledge there is.”

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

Source: 1960s, Beyond Economics: Essays on Society, 1968, p. 142

Knowledge

““Plants,” said he, “show no sign of interesting themselves in human affairs. We shall never get a rose to understand that five times seven are thirty-five, and there is no use in talking to an oak about fluctuations in the price of stocks. Hence we say that the oak and the rose are unintelligent, and on finding that they do not understand our business conclude that they do not understand their own. But what can a creature who talks in this way know about intelligence? Which shows greater signs of intelligence? He, or the rose and oak?”

Samuel Butler (1835–1902) novelist

Source: Erewhon (1872), Ch. 27

Way, Intelligence, Understanding, Business

“A culture where a) little girls are gang raped b) raped little girls are murdered in order to protect the community’s honour is dark barbarism of such an extent that is difficult for a Western person to understand. Further cognitive dissonance is caused for the tolerantly aware by maintaining their faith in the wonderfulness of the Islamic culture and, in general, the equality of all cultures. That’s why discussion of the actual subject is avoided like the plague, and attention is moved to something that has nothing at all to do with the subject, for example, to the under-representation of women in stock-listed companies, or domestic violence.”

Jussi Halla-aho (1971) Finnish Slavic linguist, blogger and a politician

Jussi Halla-aho (2012), published in the blog Gates of Vienna Some thoughts about honour violence http://gatesofvienna.blogspot.fr/2012/09/all-cultures-are-not-equal.html, September 01, 2012. (Note: J.H-A has never published anything in the G.o.V. Translations, publications and quotations have been made by other people) 2010 -

Women, Faith, Girl, Communication

“Whether I'm a Super Bowl Champion or a regular guy stocking groceries at the Hy-Vee, sharing my faith and glorifying Jesus is the central focus of my time on this earth.”

Kurt Warner (1971) American football quarterback

Kurt Warner's Testimony, November 16, 2008, Eadshome.com, July 19, 2006 http://www.eadshome.com/KurtWarner.htm,

Faith, Guy, Time

“A weakness of the random-walk model lies in its assumption of instantaneous adjustment, whereas the information impelling a stock market toward its "intrinsic value" gradually becomes disseminated throughout the market place.”

Richard Arnold Epstein (1927) American physicist

Source: The Theory of Gambling and Statistical Logic (Revised Edition) 1977, Chapter Nine, Weighted Statistical Logic And Statistical Games, p. 299

““People fear stone,” Usha said, “because it contains never-life.”
“Non-life? You mean, death?”
“Nonsense,” she repeated vehemently. “What’s to fear about death? Death is natural. Stone is never-life.”
Spinel took another tack. “If they fear it, then how come enough Sharers want it so the traders stock shelves full?”
“How should I know? Why do Valans drink the toxic waste product of sugar-eating yeast?””

Joan Slonczewski book A Door into Ocean

Part 2, Chapter 7 (p. 95)
A Door into Ocean (1986)

Life, Death, People, Fear

“The produce of the earth - all that is derived from its surface by the united application of labour, machinery, and capital, is divided among three classes of the community, namely, the proprietor of the land, the owner of the stock or capital necessary for its cultivation, and the labourers by whose industry it is cultivated.”

David Ricardo (1772–1823) British political economist, broker and politician

Original Preface, p. 1
The Principles of Political Economy and Taxation (1821) (Third Edition)

Communication

“If you want me to only do things for ROI reasons then you should get out of this stock.”

Tim Cook (1960) American business executive

thestreet.com http://www.forbes.com/sites/siimonreynolds/2015/03/25/lessons-you-can-learn-from-apples-ceo/

“Takeovers wouldn't cause the stock market to rise unless there is an upward reassessment of earnings (potential). People are more optimistic and confident about the future.”

Lawrence H. Summers (1954) Former US Secretary of the Treasury

Lawrence Summers in: Glenn Pascall (August 16, 1987) "Raiding Can Be Seen As Wake-Up Call For Corporate America", The Seattle Times, p. B4.
1980s

People, Confidence, Future

“When it comes to selling stocks, it is plain that nobody can sell unless somebody wants those stocks.
If you operate on a large scale you will have to bear that in mind all the time.”

Edwin Lefèvre book Reminiscences of a Stock Operator

Source: Reminiscences of a Stock Operator (1923), Chapter VII, p. 81

Time

“My girlfriend has crabs, I bought her fishnet stockings.”

Jay London (1966) American comedian

One-liners

“The social conditions that nourished and made use of this ideology can still revive; perhaps - who knows? - the virus is dormant, waiting for the next opportunity. Dreams about the perfect society belong to the enduring stock of civilization.”

Leszek Kolakowski (1927–2009) Philosopher, historian of ideas

New Preface, p. vi
Main Currents Of Marxism (1978)

Dreams, Waiting, Perfection

“This bow I held had killed many men, and it had power, dread power, in its ebony stock.”

David Gemmell book Waylander II: In the Realm of the Wolf

ibid
Drenai series, Waylander II: In the Realm of the Wolf

Men

“Ebbinghaus: Language is a system of conventional signs that can be voluntarily produced at any time.
Croce: Language is articulated, limited sound organized for the purpose of expression.
Dittrich: Language is the totality of expressive abilities of individual human beings and animals capable of being understood by at least one other individual.
Eisler: Language is any expression of experiences by a creature with a soul.
B. Erdmann: Language is not a kind of communication of ideas but a kind of thinking: stated or formulated thinking. Language is a tool, and in fact a tool or organ of thinking that is unique to us as human beings.
Forbes: Language is an ordered sequence of words by which a speaker expresses his thoughts with the intention of making them known to a hearer.
J. Harris : Words are the symbols of ideas both general and particular: of the general, primarily, essentially and immediately; of the particular, only secondarily, accidentally and mediately.
Hegel: Language is the act of theoretical intelligence in its true sense, for it is its outward expression.
Jespersen: Language is human activity which has the aim of communicating ideas and emotions.
Jodl: Verbal language is the ability of man to fashion, by means of combined tones and sounds based on a limited numbers of elements, the total stock of his perceptions and conceptions in this natural tone material in such a way that this psychological process is clear and comprehensible to others to its least detail.
Kainz : Language is a structure of signs, with the help of which the representation of ideas and facts may be effected, so that things that are not present, even things that are completely imperceptible to the senses, may be represented.
De Laguna: Speech is the great medium through which human co-operation is brought about.
Marty: Language is any intentional utterance of sounds as a sign of a psychic state.
Pillsbury-Meader: Language is a means or instrument for the communication of thought, including ideas and emotions.
De Saussure: Language is a system of signs expressive of ideas.
Schuchardt. The essence of language lies in communication.
Sapir: Language is a purely human and non-instinctive method of communicating ideas, emotions and desires by means of a system of voluntarily produced symbols.”

Géza Révész (1878–1955) Hungarian psychologist and musicologist

Footnote at pp. 126-127; As cited in: Adam Schaff (1962). Introduction to semantics, p. 313-314
The Origins and Prehistory of Language, 1956

Way, Soul, Intelligence, Communication

“4889. There is but bad Choice, where the whole Stock is bad.”

Thomas Fuller (writer) (1654–1734) British physician, preacher, and intellectual

Introductio ad prudentiam: Part II (1727), Gnomologia (1732)

“I was consumed by a sea of people with heaven-bound hands, their eyes full of adoration for the guitar-carrying man on stage who, from his gentle doe eyes to his scraggly brown beard and flowing hair, served as stock-image white Jesus placeholder.”

Chris Stedman (1987) American activist

Source: Faitheist (2012), Chapter 3, “Conversion and Confusion” (p. 37)

People, Sea

“These Disciplines [mathematics] serve to inure and corroborate the Mind to a constant Diligence in Study; to undergo the Trouble of an attentive Meditation, and cheerfully contend with such Difficulties as lie in the Way. They wholly deliver us from a credulous Simplicity, most strongly fortify us against the Vanity of Scepticism, effectually restrain from a rash Presumption, most easily incline us to a due Assent, perfectly subject us to the Government of right Reason, and inspire us with Resolution to wrestle against the unjust Tyranny of false Prejudices. If the Fancy be unstable and fluctuating, it is to be poised by this Ballast, and steadied by this Anchor, if the Wit be blunt it is sharpened upon this Whetstone; if luxuriant it is pared by this Knife; if headstrong it is restrained by this Bridle; and if dull it is roused by this Spur. The Steps are guided by no Lamp more clearly through the dark Mazes of Nature, by no Thread more surely through the intricate Labyrinths of Philosophy, nor lastly is the Bottom of Truth sounded more happily by any other Line. I will not mention how plentiful a Stock of Knowledge the Mind is furnished from these, with what wholesome Food it is nourished, and what sincere Pleasure it enjoys. But if I speak farther, I shall neither be the only Person, nor the first, who affirms it; that while the Mind is abstracted and elevated from sensible Matter, distinctly views pure Forms, conceives the Beauty of Ideas, and investigates the Harmony of Proportions; the Manners themselves are sensibly corrected and improved, the Affections composed and rectified, the Fancy calmed and settled, and the Understanding raised and excited to more divine Contemplation. All which I might defend by Authority, and confirm by the Suffrages of the greatest Philosophers.”

Isaac Barrow (1630–1677) English Christian theologian, and mathematician

Source: Mathematical Lectures (1734), p. 31: Prefatory Oration

Pleasure, Truth, Lie, Food

“Although size and book to market equity seem like ad hoc variables for explaining average stock returns, we have reason to expect that they proxy for common risk factors in returns.”

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

Source: Common risk factors in the returns on stocks and bonds, 1993, p. 7

Books

“The stock of the greatest company in the world is crap if every investor already thinks it is the greatest company in the world.”

Andy Kessler (1958) American writer

Part VI, Burst, Morgan Stanley Tech Conference 2001, p. 229.
Running Money (2004) First Edition

World, Thinking

“A stock operator has to fight a lot of expensive enemies within himself.”

Edwin Lefèvre book Reminiscences of a Stock Operator

Source: Reminiscences of a Stock Operator (1923), Chapter II, p. 14

Fight

“The further we move our main force to the westward, and still be within supporting distance of this garrison, the better, both for the preservation of the provision and forage of this State, as well as to les sen the general expense of transportation. And the greater stock of provision and forage we can leave in this State, and upon the communications, the less difficulty we shall find in giving support to this place, should the enemy approach it. I should re commend, therefore, to quarter the army as far wesir ward as Morristown or Baskingridge. The country is strong, secure from a surprise, happily situated to receive supplies of provisions and forage, and not very inconvenient for giving protection and cover to the inhabitants. It is true, it is considerably removed from this place. But were we to take a position at Suffern's or Pompton, the consumption of forage would be so great that it would destroy the possibility of keeping up a communication with the Western States, however pressing the necessity, before the grass sea son. Suppose the enemy should move up, early in the spring, and lay siege to West Point, and the supplies of this State prove unequal to our support, should we not be obliged to abandon it to its fate?”

Nathanael Greene (1742–1786) American general in the American Revolutionary War

Letter to George Washington (November 1779)

Fate, Spring, Communication, Support

“Less volatile stocks tend to have negative abnormal profits; more volatile stocks tend to have positive abnormal profits.”

Robert Haugen (1942–2013) American economist

Source: The Inefficient Stock Market - What Pays Off And Why (1999), Chapter 11, The Negative Payoff to Risk, p. 113

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

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

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

Books

“Reg NMS was intended to create equality of opportunity in the U. S. stock market. Instead it institutionalized a more pernicious inequality. A small class of insiders with the resources to create speed were now allowed to preview the market and trade on what they had seen.”

Michael Lewis book Flash Boys

Source: Flash Boys (2014), p. 98

Speed

“But it’s just as Mr. Brisbane and I have been constantly telling you, "Don’t gamble"; take all your savings and buy some good stock, and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.”

Will Rogers (1879–1935) American humorist and entertainer

Daily Telegram #1019, Thoughts Of Will Rogers On The Late Slumps In Stocks (31 October 1929)
Daily telegrams

“Early in 1861 the Rebellion broke out, and all minor affairs were swallowed up in the major one of preserving the Union. The troops were recalled from the Navajo country to take part in the struggle, and hardly had they left their stations when the 'war-whoop' of the relentless foe smote the hearing of our peaceable citizens with appalling destruction, the more appalling from being unexpected—owing to their faith in the treaty just concluded. …and the Navajos were consequently undisturbed in their infernal work of destruction. Well did they take advantage of this opportunity. Never before were their atrocities so numerous. They overran the whole country, and carrying their boldness so far as to enter the settlements and towns, carrying off their stock from before the people's eyes, and murdering citizens, even within two miles of the capital. No place was secure, and every town and hamlet became a fortification to protect its inhabitants. …Nor were the Mescalero Apaches idle. They took advantage of the withdrawal of the troops from fort stations to pillage and lay waste the flourishing settlements established on the Rio Bonito, Tularosa, and adjacent streams, and this they did effectually—out of a well cultivated country making a desert.”

Kit Carson (1809–1868) American frontiersman and Union Army general

Letter to General James Henry Carleton (May 17, 1864)

War, People, Faith, Parting

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

Max Boisot (1943–2011) British academic and educator

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

Knowledge

“This Australia of ours is a vast island continent inhabited largely by people of British or other European stock and with a heritage of national freedom, personal liberty and the institutions of a British parliamentary democracy. But geographically we are part of Asia, and increasingly we have become aware of our involvement in the affairs of Asia. Our greatest dangers and our highest hopes are centred in Asia's tomorrows. Already one Asian country [Japan] has become established as the largest purchaser, in terms of money value, of Australian exports. The only military operations in which we are now engaged or in which we have been engaged since the Second World War are located in Asia.”

Harold Holt (1908–1967) Australian politician, 17th Prime Minister of Australia

address to federal parliament after returning from a tour of Asia, 12 April 1967
As prime minister
Source: http://pmtranscripts.pmc.gov.au/sites/default/files/original/00001559.pdf

Money, War, People, World

“It became increasingly evident to me that God ordains times of illness so that they can be a time of inner recollection for those who are afflicted by them, an opportunity to recognize better what is going wrong in their lives, to take stock of their daily lives from the distant perspective of a hospital stay, to gain a clearer view of their problems and thereby become better able to master them. To this end discussion is important, which means that the physician ought to be a person of prayer who always has at hand a full supply of possibilities to help.”

Adrienne von Speyr (1902–1967) Swiss doctor and mystic

The Neergard Affair, p. 357
My Early Years (1968)

God, Problem, Affliction, Distant

“Well I woke up this mornin' it was Christmas Day
And the birds were singing the night away
I saw my stocking lying on the chair
Looked right to the bottom but you weren't there”

Adrian Henri (1932–2000) British poet

"Adrian Henri's Talking After Christmas Blues", from The Mersey Sound (1967).

Lying, Bird, Singing, Christmas

“When, however, not more than half that duration of time had elapsed, a small ray of light broke in upon my gloom. I was reading, accidentally, Marmontel's "Mémoires," and came to the passage which relates his father's death, the distressed position of the family, and the sudden inspiration by which he, then a mere boy, felt and made them feel that he would be everything to them-would supply the place of all that they had lost. A vivid conception of the scene and its feelings came over me, and I was moved to tears. From this moment my been grew lighter. The oppression of the thought that all feeling was dead within me, was gone. I was no longer hopeless: I was not a stock or a stone. I had still, it seemed, some of the material out of which all worth of character, and all capacity for happiness, are made.”

John Stuart Mill book Autobiography

Source: https://archive.org/details/autobiography01mill/page/140/mode/1up pp. 140-141

Boy, Reading, Happiness, Dead

“The investor has the benefit of the stock market's daily and changing appraisal of his holdings, for whatever that appraisal may be worth, and, second, that the investor is able to increase or decrease his investment at the market's daily figure—if he chooses. Thus the existence of a quoted market gives the investor certain options which he does not have if his security is unquoted. But it does not impose the current quotation on an investor who prefers to take his idea of value from some other source.”

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. 41

Quotes, Idea, Change

“I believe that there are human stocks with whom it is physically unwise to intermarry, but to think that these stocks are all colored or that there are no such white stocks is unscientific and false.”

W.E.B. Du Bois (1868–1963) American sociologist, historian, activist and writer

As quoted in Fighting Fire with Fire: African Americans and Hereditarian Thinking, 1900-1942 by Gregory Michael Dorr (RTF document) http://www.wfu.edu/~caron/ssrs/Dorr.rtf. Dorr dates this quote to 1910.

Color, Thinking, Falseness

“Words, once my stock, are wanting to commend
So great a poet and so good a friend.”

John Dryden (1631–1700) English poet and playwright of the XVIIth century

Epistle to Peter Antony Motteux (1698), lines 54–55.

“I'm an anti-Platonist, so I wouldn't say that stock was a stock of ideas or certainly not an ideal form, because I don't believe there is something out there, except out there. There's something in here and there's something out there, and there's mediation between the two.”

Carl Andre (1935) American artist

Source: Artists talks 1969 – 1977, pp. 16-17

Idea

“Our portfolio was more of a Roach Motel-stocks came in and never left. This was exciting.”

Andy Kessler (1958) American writer

Part IV, Intellectual Property, It Works Again!, p. 142.
Running Money (2004) First Edition

“[T]he train system is so chronic now, that any journey you undertake by train in Britain is identical to the one taken by Omar Sharif in Doctor Zhivago; that's what it's like - the same drama and misery. Ancient, knackered rolling-stock limping painfully across the land, shuddering to a halt for no apparent reason, with the lights flickering on and off; everyone running up and down - 'What's going on? What's up ahead? I don't know… Is it Rod Steiger with the White Guard?' - desperate women in headscarves running alongside the carriages, throwing their babies into the train, shouting 'I'LL NEVER SEE PURLEY OAKS, BUT MY CHILD MIGHT!' (Wrap Up Warm tour, May 2004)”

Linda Smith (1958–2006) comedian

Stand-up

Women, Light, Baby, Training

“If farming were to be organised like the stock market, a farmer would sell his farm in the morning when it was raining, only to buy it back in the afternoon when the sun came out.”

John Maynard Keynes (1883–1946) British economist

Attributed by [Will, Hutton, http://www.guardian.co.uk/commentisfree/2008/nov/02/economics-economy-john-keynes, Will the real Keynes stand up, not this sad caricature?, Guardian, November 2, 2008, 2009-02-05] Actual quote: "the Stock Exchange revalues many investments every day and the revaluations give a frequent opportunity to the individual (though not to the community as a whole) to revise his commitments. It is as though a farmer, having tapped his barometer after breakfast, could decide to remove his capital from the farming business between 10 and 11 in the morning and reconsider whether he should return to it later in the week." The General Theory of Employment, Interest and Money (1935), Ch. 12 http://www.marxists.org/reference/subject/economics/keynes/general-theory/ch12.htm Attributed

Sun

“Alan Stock: What do you say, then, to a young girl—I am going to place it as he said it—when a young girl is raped by her father, let's say, and she is pregnant. How do you explain this to her in terms of wanting her to go through the process of having the baby?
Sharron Angle: I think that two wrongs don't make a right. And I have been in the situation of counseling young girls, not 13 but 15, who have had very at risk, difficult pregnancies. And my counsel was to look for some alternatives, which they did. And they found that they had made what was really a lemon situation into lemonade.”

Sharron Angle (1949) Former member of the Nevada Assembly from 1999 to 2007

Alan Stock Show
2010-07-07
Ravi
Somaiya
Sharron Angle Reveals Controversial Abortion Views
2010-07-08
Newsweek
http://www.newsweek.com/2010/07/08/sharron-angle-reveals-controversial-abortion-views.html

Girl, Thinking, Baby

“Women are supposed to be very calm generally; but women feel just as men feel; they need exercise for their faculties and a field for their efforts as much as their brothers do; they suffer from too rigid a restraint, too absolute a stagnation, precisely as men would suffer; and it is narrow-minded in their more privileged fellow-creatures to say that they ought to confine themselves to making puddings and knitting stockings, to playing on the piano and embroidering bags. It is thoughtless to condemn them, or laugh at them, if they seek to do more or learn more than custom has pronounced necessary for their sex.”

Charlotte Brontë book Jane Eyre

Jane (Ch. 12)
Jane Eyre (1847)

Women, Men, Sex, Feeling

“It is this mythical, or rather this symbolic, content of the religious traditions which is likely to come into conflict with science. This occurs whenever this religious stock of ideas contains dogmatically fixed statements on subjects which belong in the domain of science. Thus, it is of vital importance for the preservation of true religion that such conflicts be avoided when they arise from subjects which, in fact, are not really essential for the pursuance of the religious aims.”

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

1940s, Religion and Science: Irreconcilable? (1948)

Religion, Idea, Science

“In the world of action, we know that it is disastrous to treat animals or human beings as though they were stocks and stones. Why should we suppose this treatment to be any less mistaken in the world of ideas?”

Max Horkheimer book Eclipse of Reason

Source: Eclipse of Reason (1947), p. 21.

World, Idea, Animals

“Our young people are faced by a series of different groups which believe different things and advocate different practices, and to each of which some trusted friend or relative may belong. So a girl's father may be a Presbyterian, an imperialist, a vegetarian, a teetotaller, with a strong literary preference for Edmund Burke, a believer in the open shop and a high tariff, who believes that women's place is in the home, that young girls should wear corsets, not roll their stockings, not smoke, nor go riding with young men in the evening. But her mother's father may be a Low Episcopalian, a believer in high living, a strong advocate of States' Rights and the Monroe Doctrine, who reads Rabelais, likes to go to musical shows and horse races…”

Margaret Mead (1901–1978) American anthropologist

Source: 1920s, Coming of Age in Samoa (1928), p. 161

Women, Men, People, Music

“The ultimate end of education is not a perfection in the accomplishments of the school, but fitness for life; not the acquirement of habits of blind obedience, and of prescribed diligence, but a preparation for independent action. We must bear in mind that whatever class of society a pupil may belong to, whatever calling he may be intended for, there are certain faculties in human nature common to all, which constitute the stock of the fundamental energies of man. We have no right to withhold from any one the opportunities for developing all their faculties. It may be judicious to treat some of them with marked attention, and to give up the idea of bringing others to high perfection. The diversity of talent and inclination, of plans and pursuits, is a sufficient proof of the necessity for such a distinction. But I repeat that we have no right to shut out the child from the development of those faculties also, which we may not for the present conceive to be very essential for his future calling or station in life.”

Johann Heinrich Pestalozzi (1746–1827) Swiss pedagogue and educational reformer

Letters on Infants' Education (1819)

Life, Education, School, Idea

“A society’s stock of knowledge is structured in terms of what is generally relevant and what is relevant only to specific roles… the social distribution of knowledge entails a dichotomization in terms of general and role-specific relevance… because of the division of labor, role-specific knowledge will grow at a faster rate than generally relevant and accessible knowledge… The increasing number and complexity of [the resulting] sub universes [of specialized knowledge] make them increasingly inaccessible to outsiders.”

Peter L. Berger book The Social Construction of Reality

Source: The Social Construction of Reality, 1966, p.77-87

Knowledge, Universe

“Only the absence of honesty and of a true love of art provides some artists with the affrontery to live on stale cans of artistic economics stocked up for years, and, year in year out, until they are fifty, to mutter about what they had first started to talk about when they were twenty.”

Olga Rozanova (1886–1918) Russian artist

Quote, 1913, in 'Osnovy novogo tvorchestva i prichiny ego neponimaniia,', in 'Soiuz molodezhi' (St. Petersburg), March 1913, p. 20; translated in John E. Bowlt, The Russian Avant- Garde: Theory and Criticism; Thames and Hudson, London 1988, p. 109

Love, Art

“A fair exchange is so difficult to understand. How much do these inscrutable customers of mine desire my books? What would be a fair exchange? There are no balances in which such bargains can be weighed, for I don't think I ever parted with any book from all my stock but with a feeling of regret – without a sense of loss – even although I knew that I might replace the dear departed with another by return of post from the publishers.”

William Darling (politician) (1885–1962) Scottish politician

Source: The Bankrupt Bookseller (1947), pp. 34–35

Books, Feeling, Understanding, Thinking

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

William J. Bernstein (1948) economist

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

Time

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

Constantinos C. Markides (1960) Cypriot business theorist

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

Way

“Lithuanian baritone Vytautas Juozapaitis, last year's devilish, dark-toned Don Giovanni, Teatro Lirico has a powerful singer with an impressive stage presence. Sparks flew because Vasileva and Juozapaitis created such emotional tension: she more nuanced than the usual submissive heroine, he more sympathetic than the stock villain.”

Vytautas Juozapaitis (1963) Lithuanian opera singer

Lloyd Schwartz, "Agonies and Ecstasies". The Boston Phoenix (April 9, 2004) http://www.bostonphoenix.com/boston/music/other_stories/multi_1/documents/03734446.asp

“When my dad died at the end of my sophomore year [at university], I stopped and took stock of my life. There was this real sense that my childhood was officially over. I decided I wanted to be an actor. I knew I was loved as a kid. The thing you can always rely on, your core person, comes from your family's attention and love. When my mother got sick, and I'd see her fight to survive, it gave me an early view of bravery and what life was about. I was able to prepare for it. Your mother dies, and you're eighteen, and you face a choice. Are you going to take drugs? Become a drunk? Or are you going to try to become more spiritual? Why not go with the thing that seems more positive? [pause] Why do I tend to be optimistic? Because the alternative is just crushing to my soul.”

Martin Short (1950) Canadian stand-up comedian

Parade Magazine; January 23rd, 2000

Love, Life, Family, Soul

“It [variation and natural selection] would explain, says Mr. Darwin, the unity of type which runs through the whole organic world, and why there is sometimes a fundamental agreement in structure in the same class of beings which is quite independent of their habits of life, for such structure, derived by inheritance from a remote progenitor, has been modified, in the course of ages, in different ways, according to the conditions of existence. It would also explain why all living and extinct beings are united, by complex radiating and circuitous lines of affinity with one another, into one grand system; also, there having been a continued extinction of old races and species in progress, and a formation of new ones by variation, why in some genera which are largely represented, or to which a great many species belong, many of these are closely but unequally related; also, why there are distinct geographical provinces of species of animals and plants, for, after long isolation by physical barriers, each fauna and flora, by varying continually, must become distinct from its ancestral type, and from the new forms assumed by other descendants which have diverged from the same stock.”

Charles Lyell (1797–1875) British lawyer and geologist

Source: The Geological Evidences of the Antiquity of Man (1863), Ch.21, p. 413

Life, Age, World, Way

“Selden asserts, and in my opinion with great justice, that all these whimsical transpositions of dignity are derived from the ancient Saturnalia, or Feasts of Saturn, when the masters waited upon their servants, who were honoured with mock titles, and permitted to assume the state and deportment of their lords. These fooleries were exceedingly popular, and continued to be practised long after the establishment of Christianity, in defiance of the threatenings and the remonstrances of the clergy, who, finding it impossible to divert the stream of vulgar prejudice permitted them to be exercised, but changed the primitive object of devotion; so that the same unhallowed orgies, which had disgraced the worship of a heathen deity, were dedicated, as it was called, to the service of the true God, and sanctioned by the appellation of a Christian institution. From this polluted stock branched out variety of unseemly and immoral sports; but none of them more daringly impious and outrageous to common sense, than the Festival of Fools, in which the most sacred rites and ceremonies of the church were turned into ridicule, and the ecclesiastics themselves participated in the abominable profanations.”

Joseph Strutt (1749–1802) British engraver, artist, antiquary and writer

pg. 344
The Sports and Pastimes of the People of England (1801), Festival of Fools

God, Justice, Fools, Exercises

“Eugenic sterilization is an urgent need … We must prevent multiplication of this bad stock.”

Margaret Sanger (1879–1966) American birth control activist, educator and nurse

Misquoting Ernst Rudin, "Eugenic Sterilization: An Urgent Need", Birth Control Review, April 1933. http://lifedynamics.com/app/uploads/2015/09/1933-04-April.pdf Actual quote by Rudin: "Not only is it our task to prevent the multiplication of bad stocks, it is also to preserve the well-endowed stocks and to increase the birth-rate of the sound average population." Misattributed

“The contention that control over the instruments of production is everywhere undergoing a shift, away from the capitalists proper and toward the managers, will seem to many fantastic and naive, especially if we are thinking in the first instance of the United States. Consider, it will be argued, the growth of monopoly in our times, Think of the Sixty Families, with their billions upon billions of wealth, their millions of shares of stock in the greatest corporations, and their lives which exceed in luxury and display anything even dreamed of by the rulers of past ages. The managers, even the chief of them, are only the servants, the bailiffs of the Sixty Families. How absurd to call the servant, master!”

James Burnham (1905–1987) American philosopher

Source: The Managerial Revolution, 1941, p. 29, as cited in: Albert Lepawsky (1949), Administration, p. 13

Age, Family, Dreams, Thinking

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

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

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

Way

“I would advise all those who joined the Stock Protection to withdraw their money and give it to the poor of Greta where I have spent and will again spend many happy days fearless free and bold as it only aids the police to procure false witnesses to lag innocent men I would advise them to subscribe a sum and give it to the poor of their district.”

Ned Kelly (1855–1880) Australian bushranger

Jerilderie Letter (1879)

Men, Money, Falseness, Happiness

“The stock market teaches you the hard way - it's all in the margin.”

Andy Kessler (1958) American writer

Part IV, Intellectual Property, Publishing Chips in Taiwan, p. 135.
Running Money (2004) First Edition

Way

“Our understanding of the Macedonians' emergence into history is confounded by two events: the establishment of the Macedonians as an identifiable ethnic group, and the foundation of their ruling house. The "highlanders" or "Makedones" of the mountainous regions of western Macedonia are derived from northwest Greek stock; they were akin both to those who at an earlier time may have migrated south to become the historical "Dorians", and to other Pindus tribes who were the ancestors of the Epirotes or Molossians. That is, we may suggest that northwest Greece provided a pool of Indo-European speakers of Proto-Greek from which were drawn the tribes who later were known by different names as they established their regional identities in separate parts of the country… First, the matter of the Hellenic origins of the Macedonians: Nicholas Hammond's general conclusion (though not the details of his arguments) that the origin of the Macedonians lies in the pool of proto-Greek speakers who migrated out of the Pindus mountains during the Iron Age, is acceptable.”

Eugene N. Borza (1935) American historian

"Makedonika", Regina Books, Claremont CA

Age, History, Mountain, Understanding

“David Bowie has a huge influence on me because his was his first concert I went to see. I remember watching him and thinking I didn't know what sex he was, and it didn't matter. Because one minute he was wearing body stockings - the whole Ziggy Stardust thing - and the next minute he was the Thin White Duke in white double-breasted suits, and there's something so androgynous about him. And I think androgyny, whether it's David Bowie or Helmut Berger, that has really really influenced my work more than anything.”

Madonna (1958) American singer, songwriter, and actress

Aperture Magazine 1999 http://allaboutmadonna.com/madonna-interviews-articles/aperture-magazine-summer-1999

Sex, Thinking

“But the stock market is not 1:1-it is not a zero sum game. So those deaf, dumb and blind economists can't find the capital flows.”

Andy Kessler (1958) American writer

Part VII, The Margin Surplus, Wealth How?, p. 261.
Running Money (2004) First Edition

Game

“Some of the acting is better than the film deserves. Make that all of the acting. Actually, the film stock itself is better than the film deserves. You know when sometimes a film catches fire inside a projector? If it happened with this one, I suspect the audience might cheer.”

Roger Ebert (1942–2013) American film critic, author, journalist, and TV presenter

Review http://www.rogerebert.com/reviews/revolver-2007 of Revolver (7 December 2007) Reviews, Half-star reviews

“It was as if by becoming a musician and Music Master he had chosen music as one of the ways toward man's highest goal, inner freedom, purity, perfection, and as though ever since making that choice he has done nothing but let himself be more and more permeated, transformed, purified by music — his entire self from his nimble, clever pianist's hands and his vast, well-stocked musician's memory to all the parts and organs of body and soul, to his pulses and breathing, to his sleep and dreaming — so that he was now only a symbol, or rather a manifestation, a personification of music.”

Hermann Hesse book The Glass Bead Game

The Glass Bead Game (1943)

Dreams, Music, Way, Soul

“The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.”

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

Source: 2000s, The Age of Turbulence (2008), Chapter Twenty-Five, "The Delphic Future", p. 465.

Success

“The species with eyes appears suddenly, capriciously as it were, and it is this species which changes the environment by creating its visible aspect. The eye does not come into being because it is needed. Just the contrary; because the eye appears it can henceforth be applied as a serviceable instrument. Each species builds up its stock of useful habits by selecting among, and taking advantage of, the innumerable useless actions which a living being performs out of sheer exuberance.”

José Ortega Y Gasset (1883–1955) Spanish liberal philosopher and essayist

Source: History as a System (1962), p. 17

Appearance, Change

“I often think that there was nothing more exciting and erotic than getting a glimpse of a woman's leg at the top of her stockings. There's something about that white bulge and for anybody who grew up in my time, nothing replaces that, nothing. I remember I had a girlfriend when I was 16 and she had this bra – it used to open down the front – which I thought was absolutely wonderful. It was like opening a tabernacle.”

John Banville (1945) Irish writer

John Banville: Who cares whodunnit? (2013)

Thinking, Time

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

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

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

Books, Time

“The whole scope of the essay is to recommend culture as the great help out of our present difficulties; culture being a pursuit of our total perfection by means of getting to know, on all the matters which most concern us, the best which has been thought and said in the world; and through this knowledge, turning a stream of fresh and free thought upon our stock notions and habits, which we now follow staunchly but mechanically, vainly imagining that there is a virtue in following them staunchly which makes up for the mischief of following them mechanically.”

Matthew Arnold book Culture and Anarchy

Preface
Culture and Anarchy (1869)

World, Imagination, Knowledge, Help

“Naturally. I like to see General Motors stock register a good price on the market, but that is just a matter of pride… What has counted with me is the true value of the property as a business return on investment.”

Alfred P. Sloan (1875–1966) American businessman

Source: Adventures of a White-Collar Man. 1941, p. 103

Business, Nature

“"Average" isn't so hot at the race track given those steep track takes. "Average" is pretty decent for stocks, something like 6 percent above the inflation rate. For a buy-and -hold investor, commissions and taxes are small.”

William Poundstone (1955) American writer

Part Three, Arbitrage, This Is Not the Time To Buy Stocks, p. 134
Fortune's Formula (2005)

“His [David Garrick's] death has eclipsed the gaiety of nations, and impoverished the public stock of harmless pleasure.”

Samuel Johnson (1709–1784) English writer

The Life of Edmund Smith
Lives of the English Poets (1779–81)

Death, Pleasure

“The professional man lives off ideas, not for them. … He has acquired a stock of mental skills that are for sale. The skills are highly developed, but we do not think of him as being an intellectual if certain qualities are missing from his work—disinterested intelligence, generalizing power, free speculation, fresh observation, creative novelty, radical criticism. At home he may happen to be an intellectual, but at his job he is a hired mental technician who uses his mind for the pursuit of externally determined ends. It is this element—the fact that ends are set from some interest or vantage point outside the intellectual process itself—which characterizes both the zealot, who lives obsessively for a single idea, and the mental technician, whose mind is used not for free speculation but for a salable end. The goal here is external and not self-determined, whereas the intellectual life has a certain spontaneous character and inner determination. It has also a peculiar poise of its own, which I believe is established by a balance between two basic qualities in the intellectual’s attitude toward ideas—qualities that may be designated as playfulness and piety.”

Richard Hofstadter (1916–1970) American historian

Source: Anti-Intellectualism in American Life (1974), p. 27

Life, Home, Intelligence, Idea

“The CIA maintains prepackaged stocks of foreign weapons for instant shipment anywhere in the world.”

John Stockwell (1937) American activist

Commenting on US shipment of arms to Africa
In Search of Enemies: A CIA Story, "Footsoldiers of foreign policy"; ISBN 0393057054

World

“It should first be stated that a joint-stock company is not a 'brotherhood of shareholders' but is managed by a controlling group of big shareholders while the rest of the shareholders do not differ from holders of bonds with a flexible rate of interest.”

Michał Kalecki (1899–1970) Polish economist

Source: Theory of Economic Dynamics (1965), Chapter 8, Entrepreneurial Capital and Investment, p. 93

“All laws which can be broken without any injury to another, are counted but a laughing-stock, and are so far from bridling the desires and lusts of men, that on the contrary they stimulate them.”

Baruch Spinoza (1632–1677) Dutch philosopher

Source: Political Treatise (1677), Ch. 10, Of Aristocracy, Conclusion

Variant translation : Laws which can be broken without any wrong to one's neighbor are but a laughing-stoke ; and, so far from such laws restraining the appetites and lusts of mankind, they rather heighten them.

Variant: All laws which can be violated without doing any one any injury are laughed at. Nay, so far are they from doing anything to control the desires and passions of men, that, on the contrary, they direct and incite men's thoughts the more toward those very objects, for we always strive toward what is forbidden and desire the things we are not allowed to have. And men of leisure are never deficient in the ingenuity needed to enable them to outwit laws framed to regulate things which cannot be entirely forbidden... He who tries to determine everything by law will foment crime rather than lessen it.

Men, Law