A Quote by Benjamin Graham
THERE is widespread agreement among economists that abuse of credit constitutes one of the chief unwholesome elements in business booms and is mainly responsible for the ensuing crash and depression.
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An army of experts assured us on a daily basis that this boom couldn't possibly crash like previous booms because this boom was still going on whereas all previous booms had ended.
Depression has been called the worlds number one public health problem. In fact, depression is so widespread it is considered the common cold of psychiatric disturbances. But there is a grim difference between depression and a cold. Depression can kill you.
Depression has been called the world's number one public health problem. In fact, depression is so widespread it is considered the common cold of psychiatric disturbances. But there is a grim difference between depression and a cold. Depression can kill you.
Until the Great Depression, most economists clung to a vision of capitalism as a perfect or nearly perfect system. That vision wasn’t sustainable in the face of mass unemployment, but as memories of the Depression faded, economists fell back in love with the old, idealized vision of an economy in which rational individuals interact in perfect markets.
Business and politics have a wholesome and an unwholesome interface. You have to eliminate the unwholesome interface.
There's no "agreement." The president Donald Trump and the chief of staff called me from Air Force One today to discuss what was discussed - and it was a discussion, not an agreement or negotiation. We need border security and enforcement as part of any agreement. I think that's something the Democrats are beginning to understand.
The very elements of what constitutes good nursing are as little understood for the well as for the sick. The same laws of health or of nursing, for they are in reality the same, obtain among the well as among the sick.
The very elements of what constitutes good nursing are as little understood for the well as for the sick. The same laws of health, or of nursing, for they are in reality the same, obtain among the well as among the sick.
The chief executive officer is also the chief sales officer. He or she is responsible for the success of the company and making a profit. The closer the CEO is to the everyday selling process, bringing in business, the more successful the company will become.
The possession of wealth leads almost inevitably to its abuse. It is the chief, if not the only, cause of evils which desolate this world below. The thirst for gold is responsible for the most regrettable lapses into sin.
I think the media in America have been absolutely fantastic about the rise of Trump, they've kept a firm eye on the ball: this constitutes democracy, this constitutes transparency, this constitutes fairness, this constitutes the way to behave in a civic society, this constitutes fascism, this constitutes authoritarianism. They're drawing that line, and they're calling him out every time. That's really what needs to happen, and you just have to do that.
The chief business of the nation, as a nation, is the setting up of heroes, mainly bogus.
The Christians say, that among the ancient Jews, if you committed a crime you had to kill a sheep. Now they say 'charge it.' 'Put it on the slate.' The Savior will pay it. In this way, rascality is sold on credit, and the credit system in morals, as in business, breeds extravagance.
The Nasdaq bubble and crash were followed by the real estate bubble then subprime crash, which led to the unprecedented printing of trillions of dollars in an attempt to prevent a global depression.
The communists were mainly responsible for the destruction of the Spanish anarchists. Not just in Catalonia - the communist armies mainly destroyed the collectives elsewhere.
In the Munich agreement in late 1938 [Franklin] Roosevelt sent his chief adviser Sumner Welles, who came back with a very supportive statement saying that Hitler was someone we could really do business with and so on.
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