“In truth, the gold standard is already a barbarous relic. All of us, from the Governor of the Bank of England downwards, are now primarily interested in preserving the stability of business, prices, and employment, and are not likely, when the choice is forced on us, deliberately to sacrifice these to outworn dogma, which had its value once, of 3 pounds, 17 shill ings, 10 1/2 pence per ounce. Advocates of the ancient standard do not observe how remote it now is from the spirit and the requirements of the age. A regulated nonmetallic standard has slipped in unnoticed. It exists.” AgeSpiritValuesChoicesSacrificeStandardsGoldEnglandInvestingAncientEmploymentPoundsStabilityDogmaGovernorsRequirementsUnnoticedRelicsGold StandardShills Book:The Collected Writings of John Maynard Keynes: Essays in persuasion Source: The Collected Writings of John Maynard Keynes: Essays in persuasion
“Look, we'll have to confront the pathologies of poverty at some point. We can deal with them cheaply at the front end, in infancy. Or we can wait and jail a troubled adolescent at the tail end. To some extent, we face a choice between investing in preschools or in prisons.” LooksEndsRealityFacesChoicesPoliticsWaitingCommunityJusticeMoneyDealsEducationPovertyHistoryGenerationsFrontsHuman NaturePolicyEqualEthicsStrategyPrisonInvestingIdeologyJailTailsEqual RightsInfancyPathologyFood Stamps Author:Nicholas D. Kristof
“Diversification is something that stock brokers came up with to protect themselves, so they wouldn't get sued for making bad investment choices for clients. Henry Ford never diversified, Bill Gates didn't diversify. The way to get rich is to put your eggs in one basket, but watch that basket very carefully. And make sure you have the right basket.” WayChoicesWatchesRichProtectBillsInvestmentInvestingEggsGatesClientsGet RichBasketsBrokersDiversificationEggs In One BasketStock Broker Author:Jim Rogers
“I believe that for the most part, achieving success - whatever that is for you - is mostly a matter of personal choice and that, initially, making the right choices can be difficult.” LifeBelieveMatterChoicesI BelieveDifficultGrowthAchievePersonal GrowthInvestingRight ChoicesAchieving SuccessPersonal Choice Author:Ray Dalio
“Choice of attention - to pay attention to this and ignore that - is to the inner life what choice of action is to the outer. In both cases, a man is responsible for his choice and must accept the consequences, whatever they may be.” MenMayActionChoicesPayAttentionAcceptingCasesConsequenceResponsibleInvestingPay AttentionDecision MakingInner Life Author:W. H. Auden