A Quote by Warren Buffett
I view derivatives as time bombs, both for the parties that deal in them and the economic system.
Related Quotes
How is it that we have created an economic system that tells us it is cheaper to destroy the earth and exhaust its people than to nurture them both? Is it rational to have an pricing system which discounts the future and sells off the past? How did we create an economic system that confused capital liquidation with income?
Part of the magic of economic growth is how you educate people, and the leading economies have to stay in front of that. From an economic point of view, it affects competitiveness and creates jobs. Or from a social justice point of view, you can take someone in the bottom tier of income and let him compete to be a doctor or lawyer. The education system is the only reason the dream of equal opportunity has a chance of being delivered - and we're not running a good education system.
In a game there are winners and losers. But a business deal is always advantageous for both parties. If both the buyer and the seller were not to consider the transaction as the most advantageous action they could choose under the prevailing conditions, they would not enter into the deal.
Frogs will eat red-flannel worms fed to them by biologists; this proves a great deal about both parties concerned.
The science window gives you a view of the world, and the religion window gives you a totally different view. You can't look at both of them at the same time, but they're both true.
Thirty years people have been asking for a lawful system of immigration to end this lawlessness, and government on both parties have refused to give it to them.
I have always favored Capitalism as the best economic system and Democracy as the best political system. They both have the most potential for improving the lives of people. However, both systems need to be reexamined and refreshed so that, in fact, they do serve the majority of people.
We won't organize any black man to be a Democrat or a Republican because both of them have sold us out. Both of them have sold us out; both parties have sold us out. Both parties are racist, and the Democratic Party is more racist than the Republican Party.
One thing I have frankly decided is that when it comes to political reform we have two conservative parties in British politics. Both the Labour and Conservative parties have constantly and repeatedly failed to honour promises they have made about reforming, cleaning, modernising our clapped-out system.
I do spend a great deal of time alone. I'm not very gregarious. I don't like parties and miscellaneous gatherings with no particular purpose. I think parties are largely a mistake. The bigger they are the more mistaken they are.
One of the things [Donald] Trump has done is tie into particularly what would be the sons and daughters of Reagan Democrats in places like Ohio, Pennsylvania, Wisconsin, Michigan, who are voting for him because they feel both parties left them on the economic battlefield.
Over the last few years a lot of people have become aware of the inequities in the criminal justice system, right now, with our overall crime rate and incarceration rate both falling, we're at a moment when some good people in both parties, Republicans and Democrats and folks all across the country, are coming up with ideas to make the system work smarter and better.
You know what? I think the American people are a little pissed, and I think they're pissed at both parties - I think they're really pissed at both parties - and it will be reflected during election time.
In an ideal world, one populated by vegetarians and Esperanto speakers, derivatives would be used for one thing only: reducing levels of risk. The list of individual traders who have lost more than a billion dollars at a time betting on derivatives is not short.
Both fact and logic seem to me to support the view that savings invested in privately owned economic tools of production amount to an act of charity. And further, I believe it to be - as a type - the greatest economic charity of all.
Enhancing our NORAD relationship will remind the Americans that both our economic and security interests are integrated in such a way that you could not possibly view them as apart.
Related Authors
Bill Gates Quotes
American
Businessman
Charlie Munger Quotes
American
Businessman
Dieter F. Uchtdorf Quotes
German
Businessman
Elon Musk Quotes
South African
Businessman
Henry Ford Quotes
American
Businessman
Jim Rohn Quotes
American
Businessman
Joseph B. Wirthlin Quotes
American
Businessman
Mark Cuban Quotes
American
Businessman
Mark Zuckerberg Quotes
American
Businessman
Peter Drucker Quotes
American
Businessman
Richard Branson Quotes
British
Businessman
Russell Simmons Quotes
American
Businessman
Sam Altman Quotes
American
Businessman
Steve Jobs Quotes
American
Businessman
Tom Peters Quotes
American
Businessman
Walt Disney Quotes
American
Businessman