Stock Quotes - page 26
One recent history of economic thought (Jürg Niehans's A History of Economic Theory) devotes twenty-four pages to Samuelson's ideas. Adam Smith only gets thirteen. Samuelson's work on stock markets and the random walk takes up less than two of those twenty-four pages. He was "the last generalist in economics,” as he liked to say, and for him financial market studies were just a side project that he at times seemed deeply ambivalent about. His intervention was, however, crucial to the triumph of the random walk. Here was one of the most important economists of all time, and he didn't think the relationship between coin flips and the stock market was a dinner-speech triviality.
Justin Fox
After the preliminary shock [of the collapse of the stock market], the nations will meet together to discuss the means of coping with the future in ordered fashion. Those who have stood most emphatically behind the rule of market forces will find themselves outvoted in the dispensation which will pertain, and those advocating co-operation will gain the ascendancy. This will not happen overnight. The process will be gradual, but will not be long delayed.
Benjamin Creme
First to go will be the world's stock markets. They are, as Maitreya has said, about to crash. They will come down because they stand in the way of right relationship. They really bear no relation to the needs even of trade between countries. They are an anachronism, what Maitreya calls, very accurately, "gambling casinos” which have no part to play in the future time, at least in their present form.
Benjamin Creme
The coming stock market crash will inevitably cause much unemployment. This will lead to a complete change of government priorities: the supplying of adequate food, shelter, health-care and education will become paramount responsibilities of all forward looking nations. The waste of resources as today, in armaments and competitive practices, will cease. A rational and sustainable economic structure based on sufficiency will become the norm. Leisure will be the natural by-product of such a structure. p.156.
Benjamin Creme
When the world stock markets collapse - as soon as it is obvious that they are on their final plunge - Maitreya will emerge. He will take up an invitation to appear on a major television network in the United States. The invitation has already been issued, but Maitreya will determine the timing... After the initial interview, all the networks will want to interview Him. However, He will not be introduced as Maitreya or the Christ, but simply as a man of extraordinary wisdom and love.
Benjamin Creme
[Hedge fund investment] is likely behind the very different behavior you are seeing in companies like HP and Apple this decade. A severe lack of new products or compelling offerings, but a lot of increases in dividends, stock buybacks, layoffs, plant closings, executive departures and divestitures. These firms aren't investing in the future they are constantly trying to assure their stock is propped up and the value increases.
Rob Enderle
What is unique about the "I" hides itself exactly in what is unimaginable about a person. All we are able to imagine is what makes everyone like everyone else, what people have in common. The individual "I" is what differs from the common stock, that is, what cannot be guessed at or calculated, what must be unveiled, uncovered, conquered.
Milan Kundera
