Quotessence
Home / Quotes / Quote by John Kenneth Galbraith

Quote by John Kenneth Galbraith

“Fools, as it has long been said, are indeed separated, soon or eventually, from their money. So, alas, are those who, responding to a general mood of optimism, are captured by a sense of their own financial acumen. Thus it has been for centuries; thus in the long future it will also be.”

Quote by John Kenneth Galbraith

Work

A Short History of Financial Euphoria

This book delves into the patterns and causes of financial euphoria, analyzing various historical periods to understand the dynamics of speculative bubbles and market crashes. more

Author

John Kenneth Galbraith
John Kenneth Galbraith

John Kenneth Galbraith was a renowned economist known for his research on economic cycles, market structures, and government policies. His works have had a profound impact on economic theory and policy practice. more

You May Also Like

“Machen wir uns nichts vor: In der Externalisierungsgesellschaft gilt die "goldene Regel", zu welche Kants kategorischer Imperativ popularisiert wurde, in pervertierter Form. Was du nicht willst, das man dir tu, das füg halt einem anderen zu - so lautet ihr eherner Grundsatz. Damit verwehrt sie anderen genau das, was ihre Mitglieder als mündige Bürgerinnen grundsätzlich für sich selbst in Anspruch nehmen: als nicht bevormundete, sondern freie und selbstbestimmte Subjekte zu leben.”

“Since words elude me when I need them most, I learned long ago that I cannot count on QUALITY time with God when I want to pray. I need QUANTITY and regularity. Quality is not something I can predict. My husband, Andy, and I might schedule an elaborate evening out with candles and a gourmet meal, but there is no guarantee that we'll have a wonderful time together -- chopping onions peppers die by side in the kitchen, reading together on the couch, sitting on the front step watching our sons ride bikes, and making plans for our life together.”

“Australia has become a much sought-after paradise destination for people seeking global migration and better lives. It is a stable constitutional monarchy, a liberal democracy and a first world country. It has a high standard of living, sound investment prospects, good growth, political and economic stability and excellent wages and conditions. It offers protection of individual rights by the well-established rule of law with roots in Great Britain.Tyndall & Co. provides migration advice, consulting and visa preparation and lodgment services, and is a registered Australian migration agent.”

“Someone must have greatly intimidated Stalin for Zhdanov to insist like this. Bondarevsky? He was too insignificant. When the Soviet team swept the American team off the chessboards, Stalin was pleased. He sent a telegram saying, “Great job!” Why did he start doubting? In the depths of his soul, Botvinnik did not believe that it was only fear of defeat and the desire to secure victory. They wanted to prove something to Botvinnik. A terrible thought crossed his mind. They wanted him to understand that his skills were not as important as he imagined because even if he played worse and didn’t defeat Reshevsky, they had the power to make him the champion anyway. The goal was to diminish Botvinnik and show him that he was not a significant figure but just an ordinary pawn in a game that surpassed him.”

“As a twelve-year-old, Boris Spassky gained the nickname Little Scoundrel. At the Russian Junior Championship in Zelenogorsk near Leningrad, Moscow juniors proposed blitz matches to Boris. The loser would buy a bottle of lemonade. They conspired and all lost to him. After an hour, five bottles of lemonade stood in front of Boris. “Now drink!” They surrounded him, blocking his escape. They were bigger than him. “Drink it all! Come on, now!” Scared, Boris drank, but after the second bottle, he had had enough. They didn’t let up. After the third, he vomited. Only then did they leave him alone.”

“Neményi was fifty-six years old. He had aged and become eccentric. He washed his hands obsessively and carried soap in his pocket. Regina noticed that he avoided touching door handles. When he couldn’t open a door with his elbow, he would grab the handle through the sleeve of his sweater or wipe it with a disinfectant-soaked tissue. He did the same with the telephone receiver. “Microbes. You’re a nurse, you should know that there are more bacteria in those places than on a toilet seat.” Then suddenly, everything ended. Paul stopped coming. Bobby was nine years old. “Why doesn’t Paul visit us anymore?” he asked. “Paul is dead,” his mother replied. “He was your father. Didn’t you know?”