35 Roger Lowenstein Quotes on Buffett: The Making of an American Capitalist, Academics and American - Quotes.pub

Here you will find all the famous Roger Lowenstein quotes. There are more than 35 quotes in our Roger Lowenstein quotes collection. We have collected all of them and made stunning Roger Lowenstein wallpapers & posters out of those quotes. You can use this wallpapers & posters on mobile, desktop, print and frame them or share them on the various social media platforms. You can download the quotes images in various different sizes for free. In the below list you can find quotes in various categories like Buffett: The Making of an American Capitalist, Academics and American

Once a typhoon breaks loose in markets, there is no telling where it will go.

In seventy years, Russia’s Communists had not succeeded in dealing markets such a telling blow as did its deadbeat capitalists.

If Wall Street is to learn just one lesson from the Long-Term debacle, it should be that. The next time a Merton proposes an elegant model to manage risks and foretell odds, the next time a computer with a perfect memory of the past is said to quantify risks in the future, investors should run – and quickly – the other way. On Wall Street, though, few lessons remain learned.

When you need money, Wall Street is a heartless place.

Merton... humbly warned, however, “It’s a wrong perception to believe that you can eliminate risk just because you can measure it.

As Keyes noted, one bet soundly considered is preferable to many poorly understood.

For men who prided themselves on being disciples of reason, their drive to live on the edge seemd inexplicable, unless they believed that becoming the richest would certify them as also being the smartest.

Investors long for steady waters, but paradoxically, the opportunities are richest when markets turn turbulent.

Graham’s first goal was never to make money – it was to avoid losing any.

Prophesy as much as you like, but always hedge. – Oliver Wendell Holmes, 1861.

Buffett does enjoy being a billionaire, but in offbeat ways. As he put it, though money cannot change your health or how many people love you, it lets you be in ’more interesting environments.

As the English essayist G. K. Chesterton wrote, life is “a trap for logicians” because it is almost reasonable but not quite; it is usually sensible but occasionally otherwise: “It looks just a little more mathematical and regular than it is; its exactitude is obvious, but its inexactitude is hidden; its wildness lies in wait.

Buffett’s genius was largely a genius of character – of patience, discipline, and rationality.

As Fama put it, “Life always has a fat tail.

For gold bugs, anti–Federal Reserve zealots, and flat-out cranks, the 1910 escapade would come to assume mythic significance. Over the decades, its suspicious character seemed only to grow larger. In 1952, Eustace Mullins, a Holocaust denier and conspiracy theorist nonpareil, described the “secret meetings of the international bankers” as a conclave of the Rothschild family linked backward in time to Hamilton and forward to Winston Churchill, Franklin D. Roosevelt, and Joseph Stalin.

America's Bank: The Epic Struggle to Create the Federal Reserve Quotes

America’s abandonment of the gold standard would have shocked the founders, who took for granted that money had to be more than mere paper. More than anything, going off gold (which occurred in stages, culminating under Nixon) expanded the Fed’s charter. It made the agency the supreme arbiter

America's Bank: The Epic Struggle to Create the Federal Reserve Quotes

Glass’s nature was to fret. He was intensely agitated by the pressure from bankers for a centralized scheme and worried that bankers had gotten to Wilson (a suspicion, of course, that was entirely correct).

America's Bank: The Epic Struggle to Create the Federal Reserve Quotes

Regardless of how earnestly bankers trumpeted the virtues of laissez-faire, in times of unrest markets looked to Washington to provide stability.

America's Bank: The Epic Struggle to Create the Federal Reserve Quotes

Warburg hesitated before daring to reply. “Your bank is so big and so powerful, Mr. Stillman, that when the next panic comes, you will wish your responsibilities were smaller.

America's Bank: The Epic Struggle to Create the Federal Reserve Quotes

Graham’s first goal was never to make money—it was to avoid losing any.

Buffett: The Making of an American Capitalist Quotes

His talent sprang from his unrivaled independence of mind and ability to focus on his work and shut out the world, yet those same qualities exacted a toll.

Buffett: The Making of an American Capitalist Quotes

Buffett’s genius was largely a genius of character—of patience, discipline, and rationality.

Buffett: The Making of an American Capitalist Quotes

Warburg rifled off a congratulatory note to Owen. He revealed his true feelings about the Senate (including Owen) to a fellow European, to whom he groused, “It is a terribly tiring business to try to influence these hundred obstinate and ignorant men.

America's Bank: The Epic Struggle to Create the Federal Reserve Quotes

Three questions divided reformers: Who should issue the new currency? To what degree should the system be centralized? And should bankers or politicians be in control?

America's Bank: The Epic Struggle to Create the Federal Reserve Quotes

The great man is he who in the midst of the crowd keeps with perfect sweetness the independence of solitude.

Buffett: The Making of an American Capitalist Quotes Self reliance Quotes

Being right on a stock had something of the purity of a perfect move in chess; it had an intellectual resonance.

Buffett: The Making of an American Capitalist Quotes

Imagine the big rating agencies as three competitive saloons standing side by side, with each free to set its own drinking age. Before long, nine-year-olds would be downing bourbon

Drinking Quotes Economics Quotes Financial crisis Quotes Investment Quotes Rating agency Quotes Wall street Quotes

The book is worth reading, in part because it is enjoyable to read of other people's folly, not to mention their avarice and stupidity." -- Roger Lowenstein, reviewing "Devil Take the Hindmost: a History of Financial Speculation", WSJ 6-1-99

A year earlier, no company had been accorded more faith than Enron; by late November, none was trusted less. And so, a gasping gurgle, a desperate SOS: Enron, the emblem of free markets, the champion of deregulation, reached into its depleted treasury and forked over $100,000 to each of the major political parties' campaign war chests. Then, it shuttered its online trading unit - its erstwhile gem. On November 28, Standard & Poor's downgraded Enron to junk-bond level - which triggered provisions in Enron's debt requiring it to immediately repay billions of its obligations. This it could not do. Its stock was seventy cents and falling, and, now, no gatekeepers and no credit remained. Accordingly, in the first week of December, Enron, the archetype of shareholder value, availed itself of the time-honored protection for those who have lost their credit: bankruptcy.

Origins of the Crash: The Great Bubble and Its Undoing Quotes

Buffett's uncommon urge to chronicle made him a unique character in American life, not only a great capitalist but the Great Explainer of American capitalism. He taught a generation how to think about business, and he showed that securities were not just tokens like the Monopoly flatiron, and that investing need not be a game of chance. It was also a logical, commonsensical enterprise, like the tangible businesses beneath. He stripped Wall Street of its mystery and rejoined it to Main Street -- a mythical or disappearing place, perhaps, but one that is comprehensible to the ordinary American.

Business Quotes Character Quotes / American Quotes Buffett: The Making of an American Capitalist Quotes Capitalism Quotes Capitalist Quotes

Buffett does enjoy being a billionaire, but in offbeat ways. As he put it, though money cannot change your health or how many people love you, it lets you be in 'more interesting environments.

Philosophy Quotes / Billionaire Quotes Buffett: The Making of an American Capitalist Quotes Money Quotes

Buffett's methodology was straightforward, and in that sense 'simple.' It was not simple in the sense of being easy to execute. Valuing companies such as Coca-Cola took a wisdom forged by years of experience; even then, there was a highly subjective element. A Berkshire stockholder once complained that there were no more franchises like Coca-Cola left. Munger tartly rebuked him. 'Why should it be easy to do something that, if done well two or three times, will make your family rich for life?

Buffett: The Making of an American Capitalist Quotes Investing Quotes

The modern spirit is a hesitant one. Spontaneity has given way to cautious legalisms, and the age of heroes has been superseded by a cult of specialization. We have no more giants; only obedient ants.

Buffett: The Making of an American Capitalist Quotes Hero Quotes Specialization Quotes Spirit Quotes

Buffett was a billionaire who drove his own car, did his own taxes, and still lived in a home he had bought in 1958 for $31,500. He seemed to answer to a deeply rooted, distinctly American mythology, in which decency and common sense triumphed over cosmopolitan guile, and in which an idealized past held firm against a rootless and too hurriedly changing present.

American Quotes Capitalist Quotes

Buffett found it 'extraordinary' that academics studied such things. They studied what was measurable, rather than what was meaningful. 'As a friend [Charlie Munger] said, to a man with a hammer, everything looks like a nail.

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