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Read through the most famous quotes by topic #fin
Leverage is a term that makes us sound very sophisticated and wise when we use it. Let’s analyze what it really means. ↗
#finance #money #rabbi-celso #money
Traditionally men have created a deep split between the inner and outer world, between body and soul, between the material and spiritual world, between love and money and between male and female qualities. The inner man and woman are related to money, creativity and financial abundance. Through investigating the roots of the inner man and woman, we can find the creative potential of both the inner man and woman. Sometimes can either the inner man or woman also provide financial support for both sides, while the other side has the idea that it cannot support itself financially. ↗
#creativity #financially #inner-man-and-woman #love #material-world
My people have more know-how in dealing with money than any other people on earth. It is not just a stereotype. I have traveled the world, and everywhere I go, Jews are always represented within the wealthiest sector of people in their countries. During the last 2,000 years, Jews have been expelled or turned away from almost every country in the world, but over and over again, they have been able to re-settle, start from nothing, and build significant wealth in new lands. ↗
This book is an essay in what is derogatorily called "literary economics," as opposed to mathematical economics, econometrics, or (embracing them both) the "new economic history." A man does what he can, and in the more elegant - one is tempted to say "fancier" - techniques I am, as one who received his formation in the 1930s, untutored. A colleague has offered to provide a mathematical model to decorate the work. It might be useful to some readers, but not to me. Catastrophe mathematics, dealing with such events as falling off a height, is a new branch of the discipline, I am told, which has yet to demonstrate its rigor or usefulness. I had better wait. Econometricians among my friends tell me that rare events such as panics cannot be dealt with by the normal techniques of regression, but have to be introduced exogenously as "dummy variables." The real choice open to me was whether to follow relatively simple statistical procedures, with an abundance of charts and tables, or not. In the event, I decided against it. For those who yearn for numbers, standard series on bank reserves, foreign trade, commodity prices, money supply, security prices, rate of interest, and the like are fairly readily available in the historical statistics. ↗
In Chapter 5 we consider swindles and defalcations. It happens that crashes and panics often are precipitated by the revelation of some misfeasance, malfeasance, or malversation (the corruption of officials) engendered during the mania. It seems clear from the historical record that swindles are a response to the greedy appetite for wealth stimulated by the boom. And as the monetary system gets stretched, institutions lose liquidity, and unsuccessful swindles are about to be revealed, the temptation to take the money and run becomes virtually irresistible. It is difficult to write on this subject without permitting the typewriter to drip with irony. An attempt will be made. ↗
