Investment Quotes - page 8
Although it is obvious that people acquire useful skills and knowledge, it is not obvious that these skills and knowledge are a form of capital, that this capital is in substantial part a product of deliberate investment, that it has grown in Western societies at a much faster rate than conventional (nonhuman) capital, and that this growth may well be the most distinctive feature of the economic system.
Theodore Schultz
Much of what we call consumption constitutes investment in human capital. Direct expenditures on education, health, and internal migration to take advantage of better job opportunities are clear examples. Earnings foregone by mature students attending school and by workers acquiring on the-job training are equally clear examples.
Theodore Schultz
The great majority of politicians and other interested persons tend to.... concentrate on.... measures such as education and training of labour and investment in modern efficient capital equipment.... These reforms are of extreme importance but they are concerned basically with raising the output per head of those who are in employment rather than about the number of heads that will find suitable employment.
James Meade
Between 1999 and 2004 there was no investment in Australia, it all went into housing and consumption all borrowed on the current account. When Peter Costello runs around saying, 'Oh we've paid off the debt,' it's like the pea and thimble trick. The Government debt or the massive private debt abroad? It's continuing to grow.
Paul Keating
Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional business and retail lending activities as banks try to rebuild their balance sheets. This was one aspect of modern financial liberalisation that had dire consequences.
Vince Cable
B. Hussein Obama said he was for slavery reparations in many forms, but the only one that got applause was for more "investment" in schools. In Obama's defense, the precise question was: "But is African-Americans ever going to get reparations for slavery?" So a switch to the subject of education was only natural.
Moreover, a question on reparations has got to be confusing when you're half-white and half-black. What do you do? Demand an apology for slavery and money from yourself? I guess biracial reparations would involve sending yourself money, then sending back a portion of that money to yourself, minus 50 percent in processing fees - which is the same way federal aid works.
Ann Coulter
Placebo effects (plural) are mostly reporting bias, regression to the mean, investment justification, researcher bias, and other sources of self-deception. They are transient, and significant only for subjective symptoms where reporting bias can play a major role. Studies have shown, in fact, that there is no significant "healing" that occurs due to placebo effects - no objective biological improvement.
Steven Novella
Why could the typical investor expect any better success in trying to buy at low levels and sell at high levels than in trying to forecast what the market is going to do? Because if he does the former he acts only after the market has moved down into buying levels or up into selling levels. His role is not that of a prophet but of a businessman seizing clearly evident investment opportunities. He is not trying to be smarter than his fellow investors but simply trying to be less irrational than the mass of speculators who insist on buying after the market advances and selling after it goes down. If the market persists in behaving foolishly, all he seems to need is ordinary common sense in order to exploit its foolishness.
Benjamin Graham
As far as culture and politics are concerned, the important theme is long-attention-span vs. short-attention-span thinking. I'm sure that your readers can think of any number of ways in which having a longer attention span can be useful. But I'll name one. Bankers with long attention spans don't lend money to people who can't pay it back. If we had more bankers who adopted a long-term view of their responsibilities, we might not be in the middle of a financial crisis that is blowing away 150-year-old investment banks.
Neal Stephenson
Global economic competition is a game of unequal players ... Consequently, it is only fair that we 'tilt the playing field' in favour of the weaker countries. In practice, this means allowing them to protect and subsidize their producers more vigorously and to put stricter regulations on foreign investment. These countries should also be allowed to protect intellectual property rights less stringently so that they can more actively 'borrow' ideas from more advanced countries.
Ha-Joon Chang
We have come to the end of a chapter in our industrial history. The industrial system to which the Tory Party adheres-at least officially and in its manifestos-has failed us. ... It is no use blaming working people or the unions if they have to work in ancient factories with obsolete equipment producing old-fashioned goods at unecomonic prices and earning low wages as well. Working people not only are not responsible for the weakness of British manufacturing industry. They have hitherto been denied the tools and tackle that they needed to put it right. ... We have got to make a fresh start now. We have got to get investment up, and to get it up as soon as we can. If the market economy cannot or will not give us that investment, we must do it direct.
Tony Benn
You have seized upon the most important of our social and political questions in the laws affecting the transfer of land. It is astonishing that the people at large are so tacit in their submission to the perpetuation of the feudal system in this country as it affects the property in land, so long after it has been shattered to pieces in every other country except Russia. The reason is, I suppose, that the great increase of our manufacturing system has given such an expansive system of employment to the population, that the want of land as a field of investment and employment for labour has been comparatively little felt. So long as this prosperity of our manufactures continues, there will be no great outcry against the landed monopoly. If adversity were to fall on the nation, your huge feudal properties would soon be broken up, and along with them the hereditary system of government under which contentedly live and thrive.
Richard Cobden
