“But would the young do any better under the same circumstances? Will they do any better when their turns come? The answer is that youth would not and cannot, given the financial and economic framework within which the elders are operating. While the moral convictions of individuals are important in the long run, it is institutions that determine the immediate course of events - particularly the institutions of finance.” LongImportantWisdomRunningYoungTurnsCoursesPoliticsIndividualGivenAnswersMoralEconomyEconomicEventsYouthCircumstancesInstitutionsFinancialDetermineConvictionFinanceLiberalismLong RunsEldersFramework Book:Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals Source: Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals
“It will be good for us in the long run, and I mean there are six and a half billion people in this world. And it's great for 300 million to keep enjoying more and more property, but I think it's terrific if the remainder do. And I think if they can learn something from us in terms of our system, and I think they have, they are learning more about how to unleash the potential of their citizenry to turn out more goods and services that their citizens want or that we want, I think that's terrific.” PeopleIfsThinkingWorldWantMeanLongRunningTurnsEnjoyTermHalfMillionsThis WorldCitizensSixPropertyBe GoodBillionsGoodsLong RunsTerrificCitizenryGoods And ServicesLearning More Author:Howard Warren Buffett
“When people realize that in the long run you may be turning off the audiences more, even though they will look temporarily--in the end they turn away, we really need to develop other metaphors and not talk about two sides, but talk about all sides.” PeopleNeedsLooksMayLongTwoEndsRunningTurnsSidesRealizingAudienceMetaphorLong RunsTwo Sides Author:Deborah Tannen