There is no good in arguing with the inevitable. The only argument available with an east wind is to put on your overcoat. – James Russell Lowell (1819-1891)
Yearly Archives: 2008
84 posts
Do not value money for any more nor any less than its worth; it is a good servant but a bad master. – Alexandre Dumas, fils
On public radio this weekend, a financial industry expert mentioned two places where Lehman and other big-firm staff might end up: (1) in the offices of boutique firms that can get top financial expertise for a lot less money, and (2) in the offices of growing firms that want to […]
Politics is like baseball. If your team loses, you remember who struck out in the ninth inning, not who struck out in the fourth. — Howard Fineman, on McCain and blame assignation for the 2008 Wall Street meltdown, in Bailout ushers in the era of Obama, MSNBC, 29 September 2008. […]
A macroeconomist once told me that the two institutions with the longest investment horizons were university endowments and the Vatican. From Kevin Davis at Bull City Rising, an interesting intro to his article on what the Citi buyout of Wachovia may mean to Charlotte: Try to imagine, if you will, […]
There will have to be rigid and iron discipline before we achieve anything great and enduring, and that discipline will not come by mere academic argument and appeal to reason and logic. Discipline is learnt in the school of adversity – Mohandas Gandhi