“Candidates have been telling you that if elected they would 'pull you from this bog hole of financial misery.' Now is a good chance to get even with 'em, by electing 'em, just to prove what a liar they are.” IfsHas BeensChanceBusinessProveMiseryFinancialHolesCandidatesEmsLiarsGood ChanceBogs Book:Will Rogers' Daily Telegrams: The Coolidge years, 1926-1929 Source: Will Rogers' Daily Telegrams: The Coolidge years, 1926-1929
“The four most dangerous words in finance are 'this time is different.' Thanks to this masterpiece by Carmen Reinhart at the University of Maryland and Kenneth Rogoff of Harvard, no one can doubt this again. . . . The authors have put an immense amount of work into collecting the data financial institutions needed if they were to have any chance of making quantitative risk management work.” IfsDifferentChanceDoubtFourRiskDangerousAmountNeededManagementInstitutionsUniversityFinancialFinanceThanksDataImmenseMasterpieceCollectingHarvardRisk ManagementFinancial InstitutionsKennethMaryland Author:Martin Wolf
“From a rational standpoint, it might be expected that man should be far more willing to express financial confidence in his skills rather than risking his earnings on the mindless meanderings of chance. Experience, however, has strongly indicated the reverse proposition to hold true.” MenShouldMightChanceWillingSkillsFinancialExpectedRationalReverseEarningPropositionsStandpointMindless Author:Richard Arnold Epstein
“I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for the thousand-year flood; in fact, if it occurswe will be selling life jackets to the unprepared.” IfsYearsBelieveFactsProblemI BelieveChanceEventsThousandPreparedFinancialSellingZeroFloodThousand YearsBe PreparedJacketsUnpreparedFinancial Problems Author:Warren Buffett
“Modern cosmetic surgeons have a direct financial interest in a social role for women that requires them to feel ugly. They do not simply advertise for a share of a market that already exists: Their advertisements create new markets. It is a boom industry because it is influentially placed to create its own demand through the pairing of text with ads in women's magazines. The industry takes out ads and gets coverage; women get cut open. They pay their money and they takes their chances. As surgeons grow richer, they are able to command larger and brighter ad spaces.” FeelsAbleSocialGrowsInterestChanceSpacePayRolesCuttingShareModernIndustryDemandDirectFinancialUglyCommandMagazinesAdsBrighterSurgeonsCoverageAdvertisementsCosmeticsSocial Roles Author:Naomi Wolf