I keep in my toilet a picture of Mr. Bernanke. And every time I think about selling my gold, I look at it and I know better!
- Marc Faber - Topics: Central Bank, Monetary Policy.
The economy depends about as much on economists as the weather does on weather forecasters.
- Jean-Paul Kauffmann - Topics: Economist.
Europe is just like the sinking Titanic: not even first class passengers can save themselves.
- Giulio Tremonti - Topics: Debt, Eurocrisis.
Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research.
- Peter Lynch - Topics: Wall Street, Stock Market, Investing.
Bad money drives out good. (When a government or central bank overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation, while the overvalued money will flood into circulation)
- Thomas Gresham - Topics: Fiat Currency.
The correct conclusion in my view is that we need to be pre-emptive in avoiding these types of problems in the future. Monetary policy should not be aimed at cleaning up a mess, but leaning against the wind to avoid the mess in the future.
- Stephen Roach - Topics: Monetary Policy.
Economists are pessimists: they've predicted 8 of the last 3 depressions.
- Barry Asmus - Topics: Economist.
The old saying holds. Owe your banker $1000 and you are at his mercy; owe him $1 million and the position is reversed.
- John Maynard Keynes - Topics: Debt.
There are two kinds of investors, be they large or small: those who don't know where the market is headed, and those who don't know that they don't know. Then again, there is a third type of investor -the investment professional, who indeed knows that he or she doesn't know, but whose livelihood depends upon appearing to know.
- William Bernstein - Topics: Investing.
Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
- Peter Lynch - Topics: Stock Market, Investing.
When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.
- Frédéric Bastiat - Topics: Government.
The function of entrepreneurs is to reform or revolutionize the pattern of production by exploiting an invention or, more generally, an untried technological possibility for producing a new commodity or producing an old one in a new way
- Joseph A. Schumpeter - Topics: Capitalism.
