#hi

It is not the quantity but the quality of knowledge which determines the mind's dignity. ↗

— William Ellery Channing

#dignity #knowledge #mind #quality #quantity

Do anything rather than give yourself to reverie. ↗

— William Ellery Channing

#give #rather #reverie #than #yourself

Error is discipline through which we advance. ↗

— William Ellery Channing

#discipline #error #through #which

Facebook is uniquely positioned to answer questions that people have, like, what sushi restaurants have my friends gone to in New York lately and liked? These are queries you could potentially do with Facebook that you couldn't do with anything else, we just have to do it. ↗

— Mark Zuckerberg

#anything #could #else #facebook #friends

Nothing which has entered into our experience is ever lost. ↗

— William Ellery Channing

#ever #experience #into #lost #nothing

And so it can be very much in the interest of bank A to sell-short bank B shares, or buy CDSes on bank B, because they have exposure to bank B. It's the responsible thing to do as a fiduciary, and yet if everyone does it at the same time, it's destabilizing because everyone is selling. ↗

— James Chanos

#because #buy #does #everyone #exposure

The saddest thing I can imagine is to get used to luxury. ↗

— Charlie Chaplin

#get #i #i can #imagine #luxury

Bubbles are best identified by credit excesses, not valuation excesses. And there's no bigger credit excess than in China. ↗

— James Chanos

#bigger #bubbles #china #credit #excess

Healthcare is growing now at about 10 per cent per annum in the U.S. top line, versus 3 per cent for the economy. As someone with a sharp pencil and an eye for this kind of thing, this can't last. ↗

— James Chanos

#cent #economy #eye #growing #healthcare

Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent. ↗

— James Chanos

#bond #china #developers #estate #financing