We live in a time of transition, an uneasy era which is likely to endure for the rest of this century. During the period we may be tempted to abandon some of the time-honored principles and commitments which have been proven during the difficult times of past generations. We must never yield to this temptation. Our American values are not luxuries, but necessities - not the salt in our bread, but the bread itself.
in his farewell address.
You May Also Like / View all maxioms
Every era has a currency that buys souls. In some the currency is pride, in others it is hope, in read more
Every era has a currency that buys souls. In some the currency is pride, in others it is hope, in still others it is a holy cause. There are of course times when hard cash will buy souls, and the remarkable thing is that such times are marked by civility, tolerance, and the smooth working of everyday life.
90% of the people in the stock market, professionals and amateurs alike, simply haven't done enough homework.
90% of the people in the stock market, professionals and amateurs alike, simply haven't done enough homework.
Because bankers measure their self-worth in money, and pay themselves a lot of it, they think they're fine fellows and read more
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.
A rich man is nothing but a poor man with money.
A rich man is nothing but a poor man with money.
Wealth, howsoever got, in England makes lords of mechanics, gentlemen of rakes; Antiquity and birth are needless here; 'Tis impudence read more
Wealth, howsoever got, in England makes lords of mechanics, gentlemen of rakes; Antiquity and birth are needless here; 'Tis impudence and money makes a peer.
The promise of yesterday are the taxes of today.
The promise of yesterday are the taxes of today.
...it is solely bigness in business which makes it possible to supply the masses with all those products the present-day read more
...it is solely bigness in business which makes it possible to supply the masses with all those products the present-day American common man does not want to do without. Luxury goods for the few can be produced in small shops. Luxury goods for the many require big business.
Greater consumption due to increase in population and growth of income heightens scarcity and induces price run-ups. A higher price read more
Greater consumption due to increase in population and growth of income heightens scarcity and induces price run-ups. A higher price represents an opportunity that leads inventors and businesspeople to seek new ways to satisfy the shortages. Some fail, at cost to themselves. A few succeed, and the final result is that we end up better off than if the original shortage problems had never arisen. That is, we need our problems, though this does not imply that we should purposely create additional problems for ourselves.
Managing directors are not paid to be busy, they are paid to think.
Managing directors are not paid to be busy, they are paid to think.
