A Quote by Kenneth Arrow

Now virtue may not always be its own reward, but in any case it is not usually bought and paid for at market rates. — © Kenneth Arrow
Now virtue may not always be its own reward, but in any case it is not usually bought and paid for at market rates.
Virtue is not an end in itself. Virtue is not its own reward or sacrificial fodder for the reward of evil. Life is the reward of virtue-and happiness is the goal and the reward of life.
If God permits virtue to be persecuted on earth, it is not for us to question his intentions. It may be that his rewards are held over for another life, for is it not true as written in Holy Scripture that the Lord chastenenth only the righteous! And after all, is not virtue it's own reward?
I didn't even like white wine. Then I tasted it and bought a case. It was the first case of any wine I'd ever bought.
And what does reward virtue? You think the communist commissar rewards virtue? You think a Hitler rewards virtue? You think, excuse me, if you'll pardon me, American presidents reward virtue? Do they choose their appointees on the basis of the virtue of the people appointed or on the basis of their political clout?
Companies are always being bought and sold. The markets are always moving; you have to be on top of your position. And in the U.S., the market is never closed for more than three days. The only time the market was ever closed was 9/11. I think it may have been closed the whole week.
The blessing that the market does not ask about birth is paid for in the exchange society by the fact that the possibilities conferred by birth are molded to fit the production of goods that can be bought on the market.
Every day confirms my opinion on the superiority of a vicious life, and if Virtue is not its own reward, I don't know any other stipend annexed to it.
Every day confirms my opinion on the superiority of a vicious life - and if Virtue is not its own reward I don't know any other stipend annexed to it.
No matter how hard a man may labor, some woman is always in the background of his mind. She is the one reward of virtue.
In my opinion, the greatest misconception about the market is the idea that if you buy and hold stocks for long periods of time, you'll always make money. Let me give you some specific examples. Anyone who bought the stock market at any time between the 1896 low and the 1932 low would have lost money. In other words, there's a 36 year period in which a buy-and-hold strategy would have lost money. As a more modern example, anyone who bought the market at any time between the 1962 low and the 1974 low would have lost money.
Since 2008 you've had the largest bond market rally in history, as the Federal Reserve flooded the economy with quantitative easing to drive down interest rates. Driving down the interest rates creates a boom in the stock market, and also the real estate market. The resulting capital gains not treated as income.
I figured I would always be a candidate for man of the year in the virtue-is-its-own-reward category. What that did was force me to concentrate on the work.
Whatever Iranian people have bought, they have bought in the black market. It is not clear what they have bought, how many secondhand materials they have bought. I am very worried that something like Chernobyl will happen to Iran.
Individual security bargains may be located by the process of security analysis practically at any time. They can be bought with good overall results at all periods except when the general market itself is clearly in a selling range for investors. They show up to best advantage during the years in which the market remains in a relatively narrow and neutral area.
A higher IOER rate encourages banks to raise the interest rates they charge, putting upward pressure on market interest rates regardless of the level of reserves in the banking sector. While adjusting the IOER rate is an effective way to move market interest rates when reserves are plentiful, federal funds have generally traded below this rate.
We need to consider a financial transactions tax. And we need to ask whether the top marginal tax rates are really appropriate, given that the effective tax rates paid by the wealthy are often actually lower than those paid by the rest of us.
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