"RE: GSEs like Freddie Mac & Fannie Mae: "creditors will continue to underprice the risk-taking of these financial institutions, overfund them, and fail to provide effective market discipline Facing prices that are too low, systemically important firms will take on too much risk.""

-- Gary H. Stern

#Discipline Quotes #Risk Quotes #Important Quotes

“In much of today's popular culture, the virtues of forgiveness and kindness are belittled, while ridicule, anger, and harsh criticism are encouraged. Let us not hurt the ones we love the most by selfish criticism!”
“Substances are like mirrors that let us see things about ourselves that we cannot quite understand.”

Source : James Elkins (2004). “What Painting Is”, p.45, Routledge
“For death is life. It is only living that is lifeless.”

Source : Mervyn Peake (2007). “Gormenghast”, p.72, The Overlook Press
“It is one of the blessings of this world that few people see visions and dream dreams.”
“There's nothing of any importance in life - except how well you do your work. Nothing. Only that. Whatever else you are, will come from that. It's the only measure of human value. All the codes of ethics they'll try to ram down your throat are just so much paper money put out by swindlers to fleece people of their virtues. The code of competence is the only system of morality that's on a gold standard.”
“Chess is a more highly symbolic game, but the aggressions are therefore even more frankly represented in the play. It probably began as a war game; that is, the representation of a miniature battle between the forces of two kingdoms”
“I still feel like Ive crashed the party.”
“People who say that small things don't bother them have never slept in a room with a mosquito.”

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