A Quote by Robert Heilbroner

Very few of the heroes of the Golden Age of American finance had much interest in the solid realities of what underlay their structure of stocks and bonds and credits. Later on, a Henry Ford might introduce an era of intensely production-minded captains of industry, but the Harrimans, Morgans, Fricks, and Rockefellers were far more interested in the exciting manipulation of huge masses of intangible wealth than in the humdrum business of turning out goods.
Very few of the heroes of the Golden Age of American finance had much interest in the solid realities of what underlay their structure of stocks and bonds and credits .
Rising interest rates are considered bad for stocks because they raise the cost of doing business and depress corporate earnings and because higher yields make bonds relatively more attractive than stocks to investors.
If you hope to have more money tomorrow than you have today, you've got to put a chunk of your assets into stocks. Sooner or later, a portfolio of stocks or stock mutual funds will turn out to be a lot more valuable than a portfolio of bonds or CDs or money-market funds.
The - the early Rockefellers made their wealth from being in certain businesses and - and remained personally very wealthy. Tatas were different in the sense the future generations were not so wealthy. They - they were involved in the business, but most of the family wealth is put into trust, and the family did not, in fact, enjoy enormous wealth.
It is solely bigness in business which makes it possible to supply the masses with all those products the present-day American common man does not want to do without. Luxury goods for the few can be produced in small shops. Luxury goods for the many require big business.
To finance deficits, the government must sell bonds to investors, competing for capital that could otherwise be used to invest in stocks or corporate bonds. Government borrowings raise long-term interest rates, stifling economic growth.
I was huge fan of most of the animated series growing up in the golden era of '90s superhero animation. I didn't care who was producing - it was much more about the specific heroes that I connected with.
But at the same time, the film industry just got torched. The risk tolerance for the types of movies we're talking about is lower, and the reason for that is that the captains of the industry were asleep at the switch when their core business was being disrupted. And they're never getting it back. In a way, it makes it all the more exciting when the good ones get through.
It's the digital era. What makes it exciting is that it's both the Golden Age of television and the Wild West of television. Something is happening now that's unprecedented, and we know that we're a part of it. What could be more exciting or better than that? You can't lose because you're on the pony and you're staking the claim.
The early Rockefellers made their wealth from being in certain businesses and remained personally very wealthy. Tata's were different in the sense the future generations were not so wealthy. They were involved in the business but most of the family wealth was put into trust and most of the family did not in fact did not enjoy enormous wealth.
I don't know if there was really ever a golden age of the music business. Most of what was released has always been garbage and some has been able to get through and last. I don't know that it was much better thirty years ago. The music industry just wasn't as efficient. The music industry was more oddball guys who did it for fun and now they are huge corporations that have become more structured.
There are many of our so-called captains on industry who, if the truth were told, and a shorter and uglier word were not unpermissible, are little better than malefactors of great wealth.
The biggest start-up successes - from Henry Ford to Bill Gates to Mark Zuckerberg - were pioneered by people from solidly middle-class backgrounds. These founders were not wealthy when they began. They were hungry for success, but knew they had a solid support system to fall back on if they failed.
We were just trying to make the films that we could get made, and to push the envelope. We didn't realize how far we had pushed the envelope. That all came later. That all came from books and articles about the golden age of the '70s. Believe me, to a lot of us, it was no golden age. The studio heads were very powerful then. They would fire guys right and left. They would look at your dailies and tell you what was wrong with them... a lot of stuff that doesn't go on today. Young filmmakers who are successful today, they don't often have that to put up with.
Today we are on the brink of another extraordinary revolution. The Information Age is already over and an exciting new epoch is taking its place. Remember, the key point is this: When wealth is derived from a new source - say information rather than industry - a new economic era is born.
Steve Jobs was the greatest manufacturer of consumer products of his age. His marketing vision put him on par with Henry Ford, and his grasp of the aesthetic component to industrial design far surpassed Ford's.
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