“Our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve -- and I believe this can be done -- a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.” FirstsBelieveKindTwoDoneChoicesI BelieveResultsEconomyCuttingAchieveTypeTaxesWasteWeaknessEconomicsIncreaseInvestmentDebtPracticalsBudgetsTemporaryTransitionTaxationRevenueDeficitInadequateBoostInertiaTax CutsSurplusUnwanted Author:John F. Kennedy
“NASA has been one of the most successful public investments in motivating students to do well and achieve all they can achieve. It's sad that we are turning the programme in a direction where it will reduce the amount of motivation and stimulation it provides to young people.” PeopleWellsHas BeensYoungMotivationSuccessfulAchieveStudentsAmountInvestmentProgrammesNasaStimulation Author:Neil Armstrong
“The capitalists of a country which manages to capture foreign markets from other countries are able to increase their profits at the expense of the capitalists of the other countries. Similarly, a colonial metropolis may achieve an export surplus through investment in its dependencies.” MayCountryAbleAchieveIncreaseInvestmentProfitManageExpensesCaptureCapitalistOther CountriesDependencySurplusMetropolis Book:Selected Essays on the Dynamics of the Capitalist Economy 1933-1970 Source: Selected Essays on the Dynamics of the Capitalist Economy 1933-1970
“So Merrill Lynch has launched its first campaign in years to advertise the accomplishments of its investment banking business. The ads feature things like Merrill's recapitalization of Sierra Pacific. I guess including "helping Enron achieve its earnings goals in 1999" might be a little awkward given that Merrill Lynch bankers are currently on trial in Houston for that "accomplishment."” YearsFirstsLittlesHelpingMightGivenGoalAchieveInvestmentIncludingCampaignsTrialsFeaturesAccomplishmentAdsAwkwardEarningBankingBankersPacificHoustonSierraEnronInvestment Banking Author:Bethany McLean
“Avoiding where others go wrong is an important step in achieving investment success. In fact, it almost assures it.” ImportantFactsStepsAchieveInvestmentAvoidingInvestment Success Author:Seth Klarman