Showing 10 of 15781 quotes
There's a big difference between wanting to work and having to work. And I had to learn that the hard way. Now money is very important to me, because I ain't got it. ”
Not every financial company toppled during the 2008 crisis, and some seized the opportunity to take advantage of weaker competitors in the midst of the tumult. ”
At the heart of banking is a suicidal strategy. Banks take money from the public or each other on call, skim it for their own reward and then lock the rest up in volatile, insecure and illiquid loans that at times they cannot redeem without public aid. ”
To give money to a woman - and here I must speak as a man - is to deny her special quality, her irreplaceability, and reduce her unique amiability to a commodity. Money takes away her name, while transforming her lover into a nameless customer of a market of appetites. ”
Losing your capital is like losing your trousers. It is a real humiliation, and one not to be soon repeated. ”
Because bankers measure their self-worth in money, and pay themselves a lot of it, they think they're fine fellows and don't need to explain themselves. ”
By pouring money and goods into devastated regions, foreign aid workers sometimes compound the disruption and debauch the survivors. ”
Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion. ”
Cause and effect, the riddle of all history, is a particular devil in financial history; and never more so than today, where entire classes of security are collapsing not on public exchanges and stock-tickers but because there are no markets to establish prices this side of nothing. ”
Any new financial order for the world must tackle the three chief challenges of our age. ”