A Quote by Gary North

He who bets on governments and government money bets against 6,000 years of recorded human history. — © Gary North
He who bets on governments and government money bets against 6,000 years of recorded human history.
Betting against gold is the same as betting on governments. He who bets on governments and government money bets against 6,000 years of recorded human history.
There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a bad bet can be the most dangerous outcome of all, because a success of that kind can encourage you to take more bad bets in the future, when the odds will be running against you. You can also lose a good bet no matter how sound the underlying proposition, but if you keep placing good bets, over time, the law of averages will be working for you.
Always hedge your bets. That's how I do it. I lay all my bets on what I can contribute, and suffer no illusions that I'm generating stuff by myself.
In 5,000 years of recorded human history... neither in the east or in the west... has any society ever defined marriage as anything other than between men and women. Not one in 5000 years of recorded human history. That's an astounding fact and it isn't until the last 12 years or so that we have seen for the first time in recorded human history marriage defined as anything other than between men and between women.
After 5,000 years of recorded human history, you wonder, what part of 2,000,000 sunrises doesn't a pessimist understand?
There are no checks and balances if the gov is wrong. If a private entrepreneur makes a mistake, he goes bankrupt, the losses are cut; if he bets wrong, he loses; if the gov bets wrong, they just get bigger, they just appropriate more money. It's a bottomless pit, because they either get it from the tax payers or run it off a printing press.
The one thing that I think separates Microsoft from a lot of other people is we make bold bets. We're persistent about them, but we make them. A lot of people won't make a bold bet. A bold bet doesn't assure you of winning, but if you make no bold bets you can't continue to succeed. Our industry doesn't allow you to rest on your laurels forever. I mean, you can milk any great idea. Any idea that turns out to be truly great can be harvested for tens of years. On the other hand, if you want to continue to be great, you've got to bet on new things, big, bold bets.
The government, of course, will print money to bail out the banks' uncovered casino bets, but not to bail out the elderly from the theft of their funds.
What I learned at LucasArts was, you don't make your bets on ideas: ideas are cheap. You make your bets on people.
I'm drawn to very large texts that are mammothly popular in different parts of the world but are almost unknown here [the USA]. They're safe bets; if they've been around for 2,000 years, there's a reason. It's often a title or just a phrase within the text that will compel me to adapt it.
Where I come from, no one settled their disagreements with bets, because no one of us had any money to bet.
Control was just wishful thinking, and you controlled things to hedge your bets, to be safe, to guard against loss.
Why do we have financial crises? Why do banks lose money? If history is any guide, it hasn't often been the result of speculative bets. It has been the result of banks making loans to individuals and businesses who can't pay them back.
When we got married, nobody gave it more than two weeks. There were bets all over the country, with astronomical odds against us.
In America, people with lots of money can easily avoid the consequences of bad bets and big losses by cashing out at the first sign of trouble.
All the smart money got they bets on me / And all the real niggas wish the best for me
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