"One doesn't like instabilities in markets; they may be damaging, but probably not fatal, as the October '87 crash showed. It turned out to be essentially inconsequential. So if that's true, I'm not very worried about the welfare of those who are investing any more than I am about the welfare of those who go into casinos."

--

Source : Source: www.minneapolisfed.org

Kenneth Arrow

#October Quotes #Investing Quotes #May Quotes

“I never wish to be easily defined.”
“Yes, I'm a musician. I also like to play with others, sometimes more, sometimes less.”

Source : Interview with Jason Gross, www.furious.com. May 1997.
“This is a basic function of Congress to keep the government running. And so, what we ought not to do is play politics with those who have been affected by disasters.”

Source : "David Plouffe Defends Obama's Deficit Reduction Plan; Sen. Lindsey Graham on Foreign Policy Challenges". "Fox News Sunday" with Chris Wallace, www.foxnews.com. September 25, 2011.
“Europe is scooters. Europe is five young people on one bench sharing a chocolate bar. Their idea of entertainment and fun is so much different than ours, which is exactly why a movie about them would be funny.”
“It is unfortunately none too well understood that, just as the State has no money of its own, so it has no power of its own.”
“The good thing about 'SNL' is that it's the same people every week that you're working with, and we've all become so close and tight because we've worked together so long and so closely together.”
“God makes provision for our holiness, but He gives us the responsibility of using those provisions.”
“I went to college, I went pre-med, I thought I was going to be a doctor.”

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