If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
Warren BuffettTags: success inspiration charity helping-others finance noblesse-oblige
You still could go to some industry or some university or the government and if you could persuade them you had something on the ball—why, then, they might put up the cash after cutting themselves in on just about all of the profits. And, naturally, they'd run the show because it was their money and all you had done was the sweating and the bleeding.
Clifford D. SimakTags: rights finance government-financing corporate-greed copyright grants value-of-work
If money management isn't something you enjoy, consider my perspective. I look at managing my money as if it were a part-time job. The time you spend monitoring your finances will pay off. You can make real money by cutting expenses and earning more interest on savings and investments. I'd challenge you to find a part-time job where you could potentially earn as much money for just an hour or two of your time.
Laura D. AdamsTags: money finance money-management
No one ought even to desert a woman after throwing her a heap of gold in her distress! He ought to love her forever! You are young, only twenty-one, and kind and upright and fine. You'll ask me how a woman can take money from a man. Oh, God, isn't it natural to share everything with the one we owe all our happiness to? When one has given everything, how can one quibble about a mere portion of it? Money is important only when feeling has ceased. Isn't one bound for life? How can you foresee separation when you think someone loves you? When a man swears eternal love--how can there be any separate concerns in that case?
Honoré de BalzacTags: money love emotion sense sincerity finance
Price ain't merely about numbers. It's a satisfying sacrifice.
Toba BetaTags: satisfaction sacrifice economy numbers finance price
Our moral economy went bankrupt long before our financial one.
Steve MaraboliTags: life success moral finance economy-bankrupt
Money is a public good; as such, it lends itself to private exploitation.
Charles P. KindlebergerTags: economics finance financial-crises
In Chapter 5 we consider swindles and defalcations. It happens that crashes and panics often are precipitated by the revelation of some misfeasance, malfeasance, or malversation (the corruption of officials) engendered during the mania. It seems clear from the historical record that swindles are a response to the greedy appetite for wealth stimulated by the boom. And as the monetary system gets stretched, institutions lose liquidity, and unsuccessful swindles are about to be revealed, the temptation to take the money and run becomes virtually irresistible. It is difficult to write on this subject without permitting the typewriter to drip with irony. An attempt will be made.
Charles P. KindlebergerThis book is an essay in what is derogatorily called "literary economics," as opposed to mathematical economics, econometrics, or (embracing them both) the "new economic history." A man does what he can, and in the more elegant - one is tempted to say "fancier" - techniques I am, as one who received his formation in the 1930s, untutored. A colleague has offered to provide a mathematical model to decorate the work. It might be useful to some readers, but not to me. Catastrophe mathematics, dealing with such events as falling off a height, is a new branch of the discipline, I am told, which has yet to demonstrate its rigor or usefulness. I had better wait. Econometricians among my friends tell me that rare events such as panics cannot be dealt with by the normal techniques of regression, but have to be introduced exogenously as "dummy variables." The real choice open to me was whether to follow relatively simple statistical procedures, with an abundance of charts and tables, or not. In the event, I decided against it. For those who yearn for numbers, standard series on bank reserves, foreign trade, commodity prices, money supply, security prices, rate of interest, and the like are fairly readily available in the historical statistics.
Charles P. KindlebergerTags: economics statistics finance econometrics
The basic scam in the Internet age is pretty easy even for the financially illiterate to grasp. It was as if banks like Goldman were wrapping ribbons around watermelons, tossing them out fiftieth-story windows, and opening the phones for bids. In this game you were a winner only if you took your money out before the melon hit the pavement.
Matt TaibbiTags: finance
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