“I do not believe that anything really worthwhile will come out of the exploration of the slag heap that constitutes the surface of the moon...Nobody should imagine that the enormous financial budget of NASA implies that astronomy is now well supported.” ShouldBelieveWellsImagineMoonFinancialSurfaceAstronomyEnormousBudgetsExplorationWorthwhileImagine ThatNasaSlag Author:Fred Hoyle
“I was OK in school, but I always missed a lot because I was playing so much. But if I'd stuck at it I imagine that I'd be doing something financial or economical. Finance always attracted me, even though maths was always a bit of a love-hate relationship. I would have tried playing football, but I don't think I'd have made it.” IfsThinkingMadeSchoolHateBitsImagineFootballFinancialMathStuckFinanceMade ItImagine ThatLove HatePlaying FootballLove Hate RelationshipLove And Hate Relationship Author:Matteo Manassero
“The CEO era gave rise to the CFO (not certified flying object, as you might imagine, but chief financial officer) and, most recently, the CIO, chief investment officer, a nice boost for the bookkeeper you can't afford to give a raise . . .” GivingMightNiceImagineObjectsRaisesInvestmentFinancialFlyingChiefsErasOfficersCeoBoostBookkeepersCioCfo Book:Coming to terms Source: Coming to terms
“My single biggest financial concern is the loss of the dollar as the reserve currency. I can't imagine anything more disastrous to our country. . .you're already seeing things in the markets that are suggesting that confidence in the dollar is waning. . .I think you could see a 25% reduction in the standard of living in this country if the U.S. dollar was no longer the world's reserve currency. That's how valuable it is.” IfsThinkingWorldI CanCountryLossImagineSeeingStandardsConcernDollarsFinancialValuableOur CountryCurrencyReservesReductionSuggestingStandards Of Living Author:Sam Zell
“The government can always rescue the markets or interfere with contract law whenever it deems convenient with little or no apparent cost. (Investors believe this now and, worse still, the government believes it as well. We are probably doomed to a lasting legacy of government tampering with financial markets and the economy, which is likely to create the mother of all moral hazards. The government is blissfully unaware of the wisdom of Friedrich Hayek: "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.")” KnowsMenBelieveWellsLittlesStillsGovernmentLawMotherMoralEconomyImagineDesignCostEconomicsTasksFinancialCuriousLegacyLastingContractsInvestorsRescueInterfereDoomedConvenientHazardsFinancial MarketsHayekFriedrich HayekLasting LegacyMoral Hazard Author:Seth Klarman
“One could imagine such technology outsmarting financial markets, out-inventing human researchers, out-manipulating human leaders, and developing weapons we cannot even understand.” HumansLeaderTechnologyImagineWeaponsFinancialDevelopingInventingResearchersFinancial Markets Author:Stephen Hawking
“Ancient wisdom: deal in personal trust; your word is your bond; avoid extremes; treat the money you invest for others as something sacred; don't take any more perks than you would wish others to take; don't borrow what you couldn't suddenly pay back; imagine the worse case financial scenario and expect it very may well happen; the wealthier you become the more humble you should act.” ShouldWellsMayHappensWishDealsPayCasesImagineTreatsSacredFinancialAncientHumbleExtremesScenariosPerksAncient Wisdom Author:Victor Davis Hanson