Sublime
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I will tell you the secret of getting rich on Wall Street. [Pause.] Close the doors. You try to be greedy when others are fearful and you try to be very fearful when others are greedy.§
Roger Lowenstein • Buffett: The Making of an American Capitalist
The school taught a revisionist version of American history in which the robber barons were heroes, not villains, and the Gilded Age was the country’s golden era. Taxes were denigrated as a form of theft, and the Progressive movement, Roosevelt’s New Deal, and Lyndon Johnson’s War on Poverty, in the school’s view, were ruinous turns toward
... See moreJane Mayer • Dark Money
When the bond market entered its golden era and became known as smart money, the U.S. federal debt-to-GDP ratio was only about 30%. That was a small and nimble market, and one that was effectively priced by professional traders.
Lyn Alden • May 2024 Newsletter: The Bond Market Is the “Dumb Money” Now
“Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest his own way,”
Jon Meacham • The Soul of America: The Battle for Our Better Angels
Therefore, for every public job created by the bridge project a private job has been destroyed somewhere else.
Henry Hazlitt • Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
“Enough” is not too little.