A Quote by Barry Ritholtz
A number of bloggers in economics and the financial sector have risen to prominence through the sheer strength of their work. Note it was not their family connections nor ties to Ivy League schools or elite banks, but rather the strength of their research, analysis and writing.
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For wealthy or privileged students, applying to Ivy League schools or elite schools is sort of expected of them. If you go to a prep school, for example, that's just what your guidance counsellor tells you.
You can have financial strength, professional strength, emotional strength but for me without spiritual strength none of the rest of it matters.
I'm worried about the future of America insofar as our academically most promising students are being funneled through the cookie-cutter Ivy League and other elite schools and emerging with this callow anti-American, anti-military cast to their thinking.
I never graduated high school; they had to change the Ivy League rules. During my tenure at Brown, I helped them become the number one Ivy League school.
That's the problem with the financial sector. Banks and the financial sector live in the short run, not the long run. In principle the government is supposed to make regulations that help the economy over time. But once it's taken over by the financial sector, the government lives in the short run too.
... where does strength come from? It is not muscle strength any more. It is not also mere intellectual strength. What is strength? Strength is the support of the people.
I have learned over the years that the strength in a quorum doesn't come from the number of priesthood holders in it. Nor does it come automatically from the age and maturity of the members. Rather, the strength of a quorum comes in large measure from how completely its members are united in righteousness. That unity in a strong quorum of the priesthood is not like anything I have experienced in an athletic team or club or any other organization in the world.
Financial institutions have been merging into a smaller number of very large banks. Almost all banks are interrelated. So the financial ecology is swelling into gigantic, incestuous, bureaucratic banks-when one fails, they all fall. We have moved from a diversified ecology of small banks, with varied lending policies, to a more homogeneous framework of firms that all resemble one another. True, we now have fewer failures, but when they occur... I shiver at the thought.
I believe as well that - that American strength is - is essential economic strength, family and value strength, military strength is essential for our own good that these things not only help secure peace for other people but preserve peace for us and - and promise greater prosperity for America.
Physical strength (hard work), mental strength (perseverance) and spiritual strength (love & acceptance) are the keys to continuous growth.
If the going is tough and the pressure is on, If the reserves of strength have been drained and the summit is still not in sight, then the quality to seek in the person is neither great strength nor quickness of hand, but rather a resolute mind firmly set on its purpose that refuses to let its body slack or rest.
The big issue is how much money can the government infuse for the capitalisation of the banks when we have quite a few private banks doing well. Does the government of India really require this number of public sector banks?
The deeper we look, the more we shall be convinced that the one thing wanting, which we must strive to acquire before all others, is strength strength physical, strength mental, strength moral, but above all strength spiritual which is the one inexhaustible and imperishable source of all the others. If we have strength everything else will be added to us easily and naturally.
I wanted to get out of Ashland, and I thought it would be pretty cool to go to school in the East. So I asked my guidance counselor what Ivy League schools were. And I applied to Harvard, Yale and Dartmouth - that was it. My guidance counselor told me I wouldn't get into an Ivy League school. So as my act of resistance, that's all I applied to.
Voters inclined to loathe and fear elite Ivy League schools rarely make fine distinctions between Yale and Harvard. All they know is that both are full of rich, fancy, stuck-up and possibly dangerous intellectuals who never sit down to supper in their undershirt no matter how hot the weather gets.
The whole banking sector in Mexico was literally bankrupt. For whatever reason, instead of intervening in the sector or supporting the banks, the government expropriated them. We went through the very laborious period of selling the failing banks to the wealthy people of Mexico.
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