Investment Quotes - page 24
One of the best predictors of policy around is Thomas Ferguson's investment theory of politics, as he calls it - very outstanding political economist - which essentially - I mean, to say it in a sentence, he describes elections as occasions in which groups of investors coalesce and invest to control the state.
Noam Chomsky
Wiko, a French phone company, went from concept to company when the founders were shopping for parts in Shenzhen (as one does). Wiko had trouble raising money-few investors believed a new European phone company could succeed-so they took an investment from the Chinese manufacturer Tinno Mobile. Wiko is thus mostly Chinese, both owned and supplied by Tinno, but given its thin veneer of French design and marketing it looks like a local firm to the French. The resulting excitement over Wiko as a homegrown business helped them to become the second largest phone vendor in France (after Samsung, as usual). This preserves the pattern of "designed elsewhere, made in China,” but with the twist that ownership, not just sourcing and manufacturing, has now moved to China as well.
Clay Shirky
Corporate tax rates must also be cut to increase incentives and the availability of investment capital. The Government has already taken major steps this year to reduce business tax liability and to stimulate the modernization, replacement, and expansion of our productive plant and equipment.
John F. Kennedy
On top of peace and investment, progress also demands good governance. I congratulate Donkoy Emano for the drop in reports of corruption for public contracts in Cagayan de Oro from 65% of firms last year to 38 this year. Also Rudy Duterte and the other leaders of Metro Davao led by Majority Leader Boy Nograles for a similar drop, 57% last year to 49 now. Things are coming together for Mindanao, a prelude to their readiness for eventual federalism.
Gloria Macapagal-Arroyo
The irony, of course, is that high development theory was right. By this I do not mean that the Big Push is really the right story of how development takes place, or even that the issues raised in high development theory are necessarily the key ones for making poor countries rich. What I do mean is that the unconventional themes put forth by the high development theorists their emphasis on strategic complementarity in investment decisions and on the problem of coordination failure - did in fact identify important possibilities that are neglected in competitive equilibrium models. But the high development theorists failed to convince their colleagues of the importance of those possibilities. Worse, they failed even to communicate clearly what they were talking about. And so good ideas, important ideas, were ignored for a generation after they were first enunciated.
Paul Krugman
I very well remember Hayek's visit to Cambridge on his way to the London School. He expounded his theory and covered a black-board with his triangles. The whole argument, as we could see later, consisted in confusing the current rate of investment with the total stock of capital goods, but we could not make it out at the time.
Friedrich Hayek
We must not stop this progress because we are unwilling to commit enough money to get the job done. It is imperative that the public--and more importantly our elected representatives understand that research today is not speculative. It is not a waste of money. It is the only way to relieve suffering while helping to save the American economy at the same time.
Making this a reality demands an investment of real dollars--funds that just don't fit within the constraints of the Budget Agreement passed by Congress this week, which proposes to reduce overall health spending by $100 million next year and by more than $2 billion over the next 5 years.
Christopher Reeve
We have been building up, not dissipating, overseas assets. The question is whether, while so doing, we have been neglecting our investment at home and particularly that in the public services. There is no doubt, in my mind at any rate, about the ability of a low taxation market-oriented economy to produce consumer goods, even if an awful lot of them are imported, far better than any planned economy that ever was or probably ever can be invented. However, I am not convinced that such a society and economy, particularly if it is not infused with the civic optimism which was in many ways the true epitome of Victorian values, is equally good at protecting the environment or safeguarding health, schools, universities or Britain's scientific future. And if we are asked which is under greater threat in Britain today-the supply of consumer goods or the nexus of civilised public services-it would be difficult not to answer that it was the latter.
Roy Jenkins
I asked Buffett how many of his fellow billionaires shared his views. He laughed.
"I'll tell you, not very many,” he said. "They have this idea that it's ‘their money' and they deserve to keep every penny of it. What they don't factor in is all the public investment that lets us live the way we do." ... It may be surprising to some to hear the world's foremost capitalist talk in this way, but Buffett's views aren't necessarily a sign of a soft heart. Rather, they reflect an understanding that how well we respond to globalization won't be just a matter of identifying the right policies. It will also have to do with a change in spirit, a willingness to put our common interests and the interests of future generations ahead of short-term expediency.
Warren Buffett
People everywhere expect their government to help give them just a little bit of breathing room, provide opportunities for work that pays a decent wage, educate children so they can rise as high as their talents can take them, make communities more secure so families feel safe in their homes and individuals know their rights will be respected. That means directing investment to help governments deliver on those responsibilities, including modernize - modernizing multilateral development banks to better address the challenges of today and of the future.
Joe Biden
That's right. We didn't want the Giants to have Clemente and a fellow like Willie Mays in the same outfield. It was a cheap deal for us. The Giants wanted him badly but didn't want to make him a bonus boy and have him sit on the bench. But we didn't care as long as we nailed him. We put him on the Montreal roster, exposing him to the unrestricted draft, figuring we could get back our original investment. We have a letter from the commissioner's office to the effect that we could get back our investment if he were drafted, but we then we later learned that all we could collect was $4,000. So, all right. It cost us $6,000, actually; but the Giants didn't get him, which was the important thing.
Roberto Clemente
In many ways we have the young people, we have the talent, we have the imagination, we have the technology. But I don't believe we have the leadership and the willingness to accept risk, to achieve great goals. I believe we need a long-term national commitment to explore the universe. And I believe this is an essential investment in the future of our nation - and our beautiful, but environmentally challenged planet.
Eugene F. Kranz
