In 2004, Alan Greenspan, then the chairman, said the rise in home values was ‘not enough in our judgment to raise major concerns.’ In
Quotes
Ornette Coleman
I wasn’t so interested in being paid. I wanted to be heard. That’s why I’m broke.
transparency is bad
Government transparency is bad. 2009, Magazine. Because the public cannot interpret or understand much of the data released by the government, transparency leads to
J.P. Morgan motto from back in the day
Do first class business in a first class way.
David brooks, Defense Contractor, Spends 10M on bat mitvah
Maker of shoddy bulletproof vests. Pays for Aerosmith, Tom Petty, and 50 cent to appear at daughter’s birthday party.
Grifter on money as a way of keeping score
Money had no value to my dad. It just his way to keep score, to prove how smart he was outwitting the ‘suckers’.
Spice Islands trader, On the injustice of life away from home
At home men are famous for doing nothing, here they are infamous for their honest endeavor. At home is respect and reward; abroad disrespect
Nathaniel Courthope
Accused of theft, he ended up heroically defending the island of run, which was preserved for England instead of the Dutch. The Dutch later
Knightian Profits Due to Uncertainty
According to Frank Knight, real profits, as opposed to returns to labor or capital, come as a result of taking unknown and unmeasurable risks.
Brotherhood of the Bull
Portuguese bullfighters belong to a unique tradition. Bulls aren’t killed in the ring. Some participants, called forcados, are amateurs; they’re men who cement their