A Quote by Arthur Levitt
What must occur is a greater recognition by investors of their individual responsibility.
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Friedrich Hayek made the point that one of the keystones of socialism is the denial of individual responsibility. Thus, the crusade for socialism always included attacks on individual responsibility. For if individuals do not have free will, and are not responsible for their actions, then their lives must be controlled somehow - preferably by the state - according to the socialists. They must be regulated, regimented and controlled - for their own good.
Invest in low-turnover, passively managed index funds... and stay away from profit-driven investment management organizations... The mutual fund industry is a colossal failure... resulting from its systematic exploitation of individual investors... as funds extract enormous sums from investors in exchange for providing a shocking disservice... Excessive management fees take their toll, and manager profits dominate fiduciary responsibility.
Mental or spiritual health, which is rationality, makes for progress, and the future demands greater and greater mental or spiritual health, greater and greater rationality. The brain must dominate and direct both the individual and society in the time to come, not the belly and the heart.
Taking responsibility nurtures self-confidence, and self-confidence can help you to be a more interesting and attractive person. And best of all, the more you believe in yourself, the more power you possess to attract your good. . . . Those who speak constantly of their right to freedom must understand that an irresponsible act does not bring greater freedom but only greater bondage to the action. One law of life says, "If we are to enjoy freedom, we must accept responsibility." A great awareness is expressed in this statement.
Unless an investor has access to “incredibly high-qualified professionals,” they “should be 100 percent passive - that includes almost all individual investors and most institutional investors.
We must introduce a new balance in the relationship between the individual and the government--a balance that favors greater individual freedom and self-reliance.
If you want people to understand that you value their contributions and that they are important, the recognition and praise you provide must have meaning that is specific to each individual.
All real difficulty stems from no responsibility. Full responsibility is not fault; it is recognition of being cause.
I can't leave India helpless. This responsibility must be taken and I will continue to do so. For all good and bad things, it is my responsibility. I do not regret anything. I believe, people of the country have given me the responsibility and I must fulfill it.
The active investors will have their returns diminished by a far greater percentage than will their inactive brethren. That means that the passive group - the "know-nothings" - must win.
Democracy maintains that government is established for the benefit of the individual, and is charged with the responsibility of protecting the individual, and is charged with the responsibility of protecting the rights of the individual and his freedom in the exercise of his abilities. Democracy is based on the conviction that man has the moral and intellectual capacity, as well as the inalienable right, to govern himself with reason and justice.
Humility is a fertile soil where spirituality grows and produces the fruit of inspiration to know what to do. It gives access to divine power to accomplish what must be done. An individual motivated by a desire for praise or recognition will not qualify to be taught by the Spirit. An individual who is arrogant or who lets his or her emotions influence decisions will not be powerfully led by the Spirit.
People of this teenager's age are on the brink of adulthood and have to be allowed a greater degree of responsibility. A consequence of this is a decrease in parental responsibility. Therefore to have criminal responsibility for what you don't know about seems rather extreme.
Clearly, for capitalism to work properly we must expect some upward normalisation of interest rates at some future point, to provide greater incentive for savers to save and investors to invest.
The communications of humanity obviously are trending towards that future point at which virtually all information will be spontaneously available and copyable at the individual level: beyond that, a vast transformation must occur
When you take out individual initiative, individual responsibility, and the hope that every individual is born with, to better their lives, to climb the economic ladder, to pursue happiness, that is, in fact, a neoslavery.
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