A Quote by Andrew Lo
If we are able to allow people to earn a decent rate of return, with sufficient scale, we can all do well by doing good.
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Why shouldn't future generations and young Americans have the choice to earn a higher rate of return? Why shouldn't they be able to own their own Social Security so that Congress can't spend it on other things?
The rate of return on Social Security for people nearing retirement is about 1.5 percent. By the time young children like mine are ready to retire, that rate of return will be a negative percentage.
One expects decent people to stand up for the good of all. Decent people shut their doors and hide behind them as decent people do. Massacres could never happen if it weren't for decent people.
I come from a large family, with 16 cousins. My cousins studied well and moved to the U.S. When we all gathered together for special occasions, they would be well groomed and confident. I was the odd, useless one out. All I wanted was to be able to earn without my dad's help and be self-sufficient enough to own a house and a vehicle.
I just want to make a lot of good music that entertains people and makes people think, and maybe inspires other people to make music. That's it, man. I don't really know about a legacy. Honestly, I wouldn't mind making some money. I wouldn't mind being able to buy a house and have a comfortable life. I'm not trying to chase superstardom and millions and millions of dollars. I would like to have enough return on what I do to allow me to continue doing it more comfortably.
The prevailing view has been that the market will earn a high rate of return if the holding period is long enough, but entry point is what really matters.
My life may be a pretty crazy life at times, but its a very privileged one - being able to earn a good living doing what you love. Not many people have such an opportunity.
My life may be a pretty crazy life at times, but it's a very privileged one - being able to earn a good living doing what you love. Not many people have such an opportunity.
You may earn whatever money you earn as a cricketer, but you want to play for your country. At the end of the day, you want to do something special. There are plenty of people who earn 50 crores or 100 crores as businessmen or big professionals or who are really doing well in business. But what gives pleasure to your mom and dad is the fame.
People forget... that we structured it so that the government, or the people, would be repaid with a really good rate of return. And as it turns out, that aspect of TARP, that's what happened.
If you can, you will quickly find that the greatest rate of return you will earn is on your own personal spending. Being a smart shopper is the first step to getting rich.
Buying a share of a good business is better than buying a share of a bad business. One way to do this is to purchase a business that can invest its own money at high rates of return rather than purchasing a business that can only invest at lower ones. In other words, businesses that earn a high return on capital are better than businesses that earn a low return on capital.
But with a rate of return of 1.6 percent or less, or a negative rate of return, our children and our grandchildren, if we do not make changes, will in fact not have a secure retirement. Indeed, they will not have the funds when they go to retire to even minimally get by.
Decent wages keep people out of homeless shelters. Decent wages allow families to afford books and, I don't know, school fees and things like that.
The public airwaves provide a chance to affirm we want to be a good, decent people; a good, decent nation.
And I think it's a prudent, responsible way, given the scale of the emergency, the scale of the damage still facing America, that we finance these additional support for the unemployed as well as the support for small business. We think there's a good case for doing it now. We want to do it in an overall fiscally responsible way.
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