"To suppose that the value of a common stock is determined purely by a corporation's earnings discounted by the relevant interest rates and adjusted for the marginal tax rate is to forget that people have burned witches, gone to war on a whim, risen to the defense of Joseph Stalin and believed Orson Welles when he told them over the radio that the Martians had landed."

-- James Grant

#Business Quotes #War Quotes #People Quotes

“I believe that much of the maladjustment in our societies is caused, not by malevolence and corruption, but simply by ignorance.”

Source : GILBERT HIGHET (1950). “THE ART OF TEACHING”
“The character of God is today, and always will be, exactly what it was in Bible times.”
“...there would be punishment and pain, and there would be happiness, too. That was writing.”
“Ranger fans are the rudest and they're proud of it, I'm sure.”
“A man in my situation, my lords, has not only to encounter the difficulties of fortune. and the force of power over minds which it has corrupted or subjugated. but the difficulties of established prejudice: the man dies, but his memory lives.”

Source : Charles Phillips, John Philpot Curran, Henry Grattan, Robert Emmet (1840). “Irish eloquence: The speeches of the celebrated Irish orators, Philips, Curran and Grattan”, p.365
“In a world of bosses, you are your own master”
“As long as a house is like yours, and as long as you work together with your brothers, not a house in the world will be able to compete with you, to cause you harm or to take advantage of you, for together you can undertake and perform more than any house in the world.”
“Man is free in his imagination, but bound by his reason.”

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