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I Quotes

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All I Quotes

“If Jim was back at the imaginary dinner party, trying to explain what he did for a living, he'd have tried to keep it simple: clearing involved everything that took place between the moment someone started at trade — buying or selling a stock, for instance — and the moment that trade was settled — meaning the stock had officially and legally changed hands. Most people who used online brokerages thought of that transaction as happening instantly; you wanted 10 shares of GME, you hit a button and bought 10 shares of GME, and suddenly 10 shares of GME were in your account. But that's not actually what happened. You hit the Buy button, and Robinhood might find you your shares immediately and put them into your account; but the actual trade took two days to complete, known, for that reason, in financial parlance as 'T+2 clearing.' By this point in the dinner conversation, Jim would have fully expected the other diners' eyes to glaze over; but he would only be just beginning. Once the trade was initiated — once you hit that Buy button on your phone — it was Jim's job to handle everything that happened in that in-between world. First, he had to facilitate finding the opposite partner for the trade — which was where payment for order flow came in, as Robinhood bundled its trades and 'sold' them to a market maker like Citadel. And next, it was the clearing brokerage's job to make sure that transaction was safe and secure. In practice, the way this worked was by 10:00 a.m. each market day, Robinhood had to insure its trade, by making a cash deposit to a federally regulated clearinghouse — something called the Depository Trust & Clearing Corporation, or DTCC. That deposit was based on the volume, type, risk profile, and value of the equities being traded. The riskier the equities — the more likely something might go wrong between the buy and the sell — the higher that deposit might be. Of course, most all of this took place via computers — in 2021, and especially at a place like Robinhood, it was an almost entirely automated system; when customers bought and sold stocks, Jim's computers gave him a recommendation of the sort of deposits he could expect to need to make based on the requirements set down by the SEC and the banking regulators — all simple and tidy, and at the push of a button.”

“If [John] Piper's beliefs on authority clash with the doctrine of the Reformers as I argue, one would expect that Piper would have much less conflict with Roman Catholicism than the Reformers did. This is indeed the case. In fact, Piper's mystic hedonism is leading evangelicals on a fast trot back to Rome, where mystics have long nestled under its skirts.”

“If Julian had flattered himself that his personal connexion with the capital of the East would be productive of mutual satisfaction to the prince and people, he made a very false estimate of his own character, and of the manners of Antioch. The warmth of the climate disposed the natives to the most intemperate enjoyment of tranquillity and opulence; and the lively licentiousness of the Greeks was blended with the hereditary softness of the Syrians.”

“If Jupiter was in the ascendant when you were born, you are of a jovial disposition; and if you're not jovial but miserable and saturnine that's a disaster, because a disaster is a dis-astro, or misplaced planet. Disaster is Latin for ill-starred. The fault, as Shakespeare put it, is not in our stars; but the language is.”

“If just for one week in the South would show them some simple, impartial courtesy. I wonder what would happen. Do you think it'd give 'em airs or the beginnings of self-respect? Have you ever been snubbed, Atticus? Do you know how it feels? No, don't tell me they're children and don't feel it: I was a child and felt it, so grown children must feel, too. A real good snub, Atticus, makes you feel like you're too nasty to associate with people. How they're as good as they are now is a mystery to me, after a hundred years of systematic denial that they are human. I wonder what kind of miracle we could work with a week's decency.”

“If just once you were depressed for no reason, you have been so all your life without knowing it. Becoming: an agony without an ending.The older I grow, the less I enjoy performing my little Hamlet. The desire to die was my one and only concern; to it I have sacrificed everything, even death. If History had a goal, how lamentable would be the fate of those of us who have accomplished nothing! On the frontiers of the self: ‘What I have suffered, what I am suffering, no one will ever know, not even I’. Events - tumours of time. Man secretes disaster. The secret of my adaptation to life? - I’ve changed despairs the way I’ve changed shirts. Each day is a Rubicon in which I aspire to be drowned.”

“If justice, good faith, honor, gratitude and all the other qualities which enoble the character of a nation, and fulfill the ends of Government be the fruits of our establishments, the cause of liberty will acquire a dignity and lustre, which it has never yet enjoyed, and an example will be set, which can not but have the most favorable influence on the rights of Mankind.”

“If karma was true and my Higher Power simply gave whatever I put into the universe back to me, I would be screwed; I would have spiritual STD’s. If there was a scale to balance my good actions with my bad ones, I would cosmically fail, I would break the scale. There were so many occasions when I slipped up, when I thought, and said, and did stupid, awful things, when I took advantage of people and lied to them. If my eternal wellbeing was based on my ability to tip the scales or be a good person, I was eternally doomed.”

“If karma were true then with seven billion people on this planet, all learning their karmic lessons, we would notice a definite improvement in the morality with every passing year. Well, have you noticed the world getting better? Isn’t it in fact in a terrible state, and getting worse? If anything, we seem to be subject to anti-karma … good deeds get punished, evil is rewarded, and no one learns their lessons!”

“If Kashmir does not belong to any member state of the United Nations, then the claim that ‘Kashmir is an integral part of India’ does not stand. And if ‘Kashmir is not an integral part of India’ then Kashmiris cannot be called separatist or secessionist. Because Kashmir cannot secede from a country – like India – to which it has never acceded to in the first place.”