A Quote by Nassim Nicholas Taleb
Read books are far less valuable than unread ones. The library should contain as much of what you do not know as your financial means, mortgage rates, and the currently tight real-estate market alow you to put there.
Related Quotes
Umberto Eco is the owner of a large personal library of almost 30,000 books that he has not read. [To him] read books are far less valuable than unread ones.
Read books are far less valuable than unread ones.
Living wild species are like a library of books still unread. Our heedless destruction of them is akin to burning the library without ever having read its books.
Today the strategies of many companies in the real estate industry are premised on low interest rates, an assumption that has resulted in the rapid expansion of the real estate securitization business. This trend could be regarded as a risk factor, as it exposes the real estate sector to at least three potential problems: first, interest rate hikes; second, revisions to securitization business accounting standards; and third, overheating in the real estate market.
There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and significantly reduce their monthly mortgage payments.
The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt. [...] The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.
What we have to be careful is that if we drop interest rates where the rate of interest is lower than inflation, then savers will not put money in financial savings and move it to gold and real estate, which is bad for India.
It sounds like a brag but I've got a separate room in my flat just for unread books; I don't let my read books touch my unread books.
Since 2008 you've had the largest bond market rally in history, as the Federal Reserve flooded the economy with quantitative easing to drive down interest rates. Driving down the interest rates creates a boom in the stock market, and also the real estate market. The resulting capital gains not treated as income.
The underlying strategy of the Fed is to tell people, "Do you want your money to lose value in the bank, or do you want to put it in the stock market?" They're trying to push money into the stock market, into hedge funds, to temporarily bid up prices. Then, all of a sudden, the Fed can raise interest rates, let the stock market prices collapse and the people will lose even more in the stock market than they would have by the negative interest rates in the bank. So it's a pro-Wall Street financial engineering gimmick.
Blockbusting fiction is bought as furniture. Unread, it maintains its value. Read, it looks like money wasted. Cunningly, Americans know that books contain a person, and they want the person, not the book.
Even when reading is impossible, the presence of books acquired (by passionate devotion to them) produces such an ecstasy that the buying of more books than one can peradventure read is nothing less than the soul reaching towards infinity ... we cherish books even if unread, their mere presence exudes comfort, their ready access, reassurance.
Well, we're just now seeing the reductions in mortgage rates. The mortgage rates are based on the ten-year rate and the Fed controls the overnight or the shorter rates.
I think a lot of people try to time the market when it comes to buying or selling a property or investing in real estate, but the real secret to real estate is not timing the market, but time in the market.
Corliss had never once considered the fate of library books. She'd never wondered how many books go unread. She loved books. How could she not worry about the unread? She felt like a disorganized scholar, an inconsiderate lover, an abusive mother, and a cowardly soldier.
What went wrong is we had tremendous concentration in the sense we put a lot of our money to work against U.S. real estate. We got here by lending money, and putting money to work in the U.S. real estate market, in a size that was probably larger than what we ought to have done on a diversification basis.
Related Authors
Austin O'Malley Quotes
American
Scientist
Carl Sagan Quotes
American
Scientist
Charles Darwin Quotes
English
Scientist
David Suzuki Quotes
Canadian
Scientist
E. O. Wilson Quotes
American
Scientist
Georg C. Lichtenberg Quotes
German
Scientist
Isaac Asimov Quotes
American
Scientist
Jane Goodall Quotes
English
Scientist
Margaret Mead Quotes
American
Scientist
Neil deGrasse Tyson Quotes
American
Scientist
Richard Dawkins Quotes
English
Scientist
Stephen Jay Gould Quotes
American
Scientist
Steven Pinker Quotes
Canadian
Scientist
Sylvia Earle Quotes
American
Scientist
Thomas Huxley Quotes
English
Scientist
W. Edwards Deming Quotes
American
Scientist