in Quotes & Aphorisms (Economics and Finance)
The market can stay irrational longer than you can stay solvent.
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Economics and Finance
There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.
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He who has his thumb on the purse has the power.
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If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
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The life of a man who deliberately runs through his fortune often becomes a business speculation; his friends, his pleasures, patrons, and acquaintances are his capital.
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in Quotes & Aphorisms (Economics and Finance)
There can be no economy where there is no efficiency.
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in Quotes & Aphorisms (Economics and Finance)
The pursuits of commerce would be as admirable as they are profitable if they were not subject to so great risks: and so, likewise, of banking, if it was always honestly conducted. For our ancestors considered, and so ordained in their laws, that, while the thief should be cast in double damages, the usurer should make four-fold restitution.
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The greatness of an estate, in bulk and territory, doth fall under measure; and the greatness of finances and revenue, doth fall under computation. The population may appear by musters; and the number and greatness of cities and towns by cards and maps. But yet there is not any thing amongst civil affairs more.
from the book "Essays" by Francis Bacon
The sweet simplicity of the three per cents.
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in Quotes & Aphorisms (Economics and Finance)
Fortune is like the market, where many times, if you can stay a little, the price will fall.
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