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Bankruptcy Quotes

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Bankruptcy Quotes

“Apple was very close to bankruptcy and to irrelevance [but] you learn a lot about life through death, and I learnt a lot about vital corporations by experiencing a non-vital corporation. You would have thought that, when what stands between you and bankruptcy is some money, your focus would be on making some money, but that was not [Steve Jobs’] preoccupation. His observation was that the products weren’t good enough and his resolve was, we need to make better products. That stood in stark contrast to the previous attempts to turn the company around.”

NeedsEnoughWould BeJobsTurnsCompanyFocusProductsObservationCorporationsApplesResolveGood EnoughContrastStarksBankruptcyPreoccupationIrrelevance
Author:Jonathan Ive
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“And now, what has Anarchism to say to all this, this bankruptcy of republicanism, this modern empire that has grown up on the ruins of our early freedom? We say this, that the sin our fathers sinned was that they did not trust liberty wholly. They thought it possible to compromise between liberty and government, believing the latter to be 'a necessary evil,' and the moment the compromise was made, the whole misbegotten monster of our present tyranny began to grow. Instruments which are set up to safeguard rights become the very whip with which the free are struck.”

BelieveMadeWholeMomentsGovernmentEvilFatherGrowsSinLibertyRightsModernInstrumentsMonstersTyrannyCompromiseRuinsLatterEmpiresOur FatherAnarchismWhipsBankruptcyNecessary EvilRepublicanism
Book:Exquisite Rebel: The Essays of Voltairine de Cleyre -- Anarchist, Feminist, Genius
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“Countries don't go out of business....The infrastructure doesn't go away, the productivity of the people doesn't go away, the natural resources don’t go away. And so their assets always exceed their liabilities, which is the technical reason for bankruptcy. And that's very different from a company.”

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Author:Walter Wriston
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“I still have access to enough money to live on in order to avoid bankruptcy for at least a few years as long as I stick to my budget Still, there's no amount of money in the world that makes one feel content with having no self respect. There's no amount of money that makes you feel better when people think of you as a joke or a hack or a failure or ugly or stupid or morally empty.”

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Author:Patrick Stump
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“The state incurs debts for politics, war, and other higher causes and 'progress'. . . . The assumption is that the future will honour this relationship in perpetuity. The state has learned from the merchants and industrialists how to exploit credit; it defies the nation ever to let it go into bankruptcy. Alongside all swindlers the state now stands there as swindler-in-chief.”

WarStatesNationsCausesProgressHigherCreditDebtChiefsAssumptionHonourExploitsLet It GoMerchantsBankruptcySwindlers
Book:Judgements on History and Historians
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“Something out of the ordinary course of business is taking place that creates an investment opportunity. The list of corporate events that can result in big profits for you runs the gamut—spinoffs, mergers, restructurings, rights offerings, bankruptcies, liquidations, asset sales, distributions.”

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Author:Joel Greenblatt
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“For the last one hundred and fifty years, the history of the House of Rothschild has been to an amazing degree the backstage history of Western Europe...Because of their success in making loans not to individuals but to nations, they reaped huge profits...Someone once said that the wealth of Rothschild consists of the bankruptcy of nations.”

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Author:Frederic Morton
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“Why are you afraid? This is where you get it out of your system: bankruptcy, unfulfilled potential, trashing your reputation, losing it all. And then (because we just can't stop there), you're going to apply some simple analysis to it.You may have nothing to fear after all.”

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Book:The Fire Starter Sessions: A Soulful + Practical Guide to Creating Success on Your Own Terms
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“With such global events looming over us like mountains, nay, like entire mountain ranges, it may seem incongruous and inappropriate to recall that the primary key to our being or non-being resides in each individual human heart, in the heart’s preference for specific good or evil. Yet this remains true even today, and it is, in fact, the most reliable key we have. The social theories that promised so much have demonstrated their bankruptcy, leaving us at a dead end.”

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Author:Aleksandr Solzhenitsyn
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“A woman's whole life is a history of the affections. The heart is her world: it is there her ambition strives for empire; it is there her avarice seeks for hidden treasures. She sends forth her sympathies on adventure; she embarks her whole soul on the traffic of affection; and if shipwrecked, her case is hopeless — for it is a bankruptcy of the heart.”

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Book:The complete works of Washington Irving in one volume with a memoir of the author
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“If the Nation is living within its income, its credit is good. If, in some crises, it lives beyond its income for a year or two, it can usually borrow temporarily at reasonable rates. But if, like a spendthrift, it throws discretion to the winds, and is willing to make no sacrifice at all in spending; if it extends its taxing to the limit of the peoples power to pay and continues to pile up deficits, then it is on the road to bankruptcy.”

IfsYearsTwoNationsPaySacrificeWillingWindLimitsCrisisRateCreditSpendingIncomeReasonableDeficitDiscretionBankruptcySpendthrift
Book:Public Papers of the Presidents of the United States: F.D. Roosevelt, 1928-1932, Volume 1
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“Our national debt after all is an internal debt owed not only by the Nation but to the Nation. If our children have to pay interest on it they will pay that interest to themselves. A reasonable internal debt will not impoverish our children or put the Nation into bankruptcy.”

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Book:Public Papers of the Presidents of the United States: F.D. Roosevelt, 1939, Volume 8
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“I was brought in by the White House as GM's chairman in 2009, around the time of the bankruptcy, and became CEO later that year. As a company, we were grateful for the government's support. But as GM's financial health began to improve, I could detect no real sense of urgency, or even interest, on the part of the government to relinquish control.”

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Author:Edward Whitacre, Jr.
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