“The foremost challenge is that of the knowledge revolution. Economic power will depend on creativity and innovation. Creation of wealth will move from traditional resources to the one asset: knowledge.” MovingChallengesWealthCreativityEconomicCreationRevolutionDependsResourcesInnovationTraditionalAssetsCreativity And InnovationEconomic Power Author:Talal Abu-Ghazaleh
“There is a religious principle: Love thy neighbour as thyself. But it's also an economic asset. If you've got a neighbour, you've got help, and this implies another limit. If you want to have neighbours, you can't have a limitless growth economy. You have to prefer to have a neighbour rather than to own your neighbour farm.” IfsWantHelpingGrowthReligiousPrinciplesEconomyEconomicLimitsAssetsFarmsLimitlessThyselfNeighbour Author:Wendell Berry
“The goal of long-run economic growth without asset price bubbles is not only achievable, but is something we should expect if we put a sound regulatory framework in place and if policymakers remain vigilant.” IfsShouldLongRunningSoundGoalGrowthEconomicAssetsBubblesLong RunsFrameworkEconomic GrowthVigilant Author:Christina Romer
“You can't have the space for prosperity and success when you are obsessed with security. It is not possible to obtain unwavering security - physical, emotional, or economic - by having money. Keep in mind that security, like success, can be defined in many ways. If you focus less on how much your financial assets are worth, and more on what a creative and well-balanced individual you can be, security will take on a new meaning.” IfsWayMindWellsIndividualSpaceCreativeFocusEconomicSecurityEmotionalFinancialProsperityDefinedObsessedAssetsBalancedUnwavering Author:Ernie J Zelinski
“Capital investment in fixed assets that produce real goods is the actual driver of long term economic growth, and until slick financiers hijacked the country with 'new economy' mumbo-jumbo based on computer models and hype most Americans understood this.” LongRealCountryGrowthTermEconomyEconomicProduceComputerModelsUnderstoodInvestmentFixedLong TermGoodsDriversAssetsEconomic GrowthHypeSlickFinanciersCapital Investment Author:Richard Karn
“Beware leverage in all its forms. Borrowers - individual, corporate, or government - should always match fund their liabilities against the duration of their assets. Borrowers must always remember that capital markets can be extremely fickle, and that it is never safe to assume a maturing loan can be rolled over. Even if you are unleveraged, the leverage employed by others can drive dramatic price and valuation swings; sudden unavailability of leverage in the economy may trigger an economic downturn.” IfsShouldMayGovernmentRememberFormIndividualEconomyEconomicSafeAssumingCorporateDramaticFundMatureAssetsSwingsEmployedLoanTriggersDurationFickleLiabilityValuationDownturnBorrowersEconomic Downturn Author:Seth Klarman