"I think what we need is better understanding of how to do risk analysis of a CDO, but that they still can perform a very valuable function because they can aggregate these risks and pass them around so that mortgages or other kinds of loans can be packaged and sold to investors all over the world, who in most times, would justify a small amount of each one."

-- Robert F. Engle

#Thinking Quotes #Understanding Quotes #Risk Quotes

“There's not one human being on the planet earth who has never felt, at some point, unaccepted. At some point in our lives, we feel like we're not good enough, but we have to step back and realize that we are.”

Source : Source: collider.com
“Prison is like high school with knives.”
“It violates right order whenever capital so employs the working or wage-earning classes as to divert business and economic activity entirely to its own arbitrary will and advantage, without any regard to the human dignity of the workers, the social character of economic life, social justice, and the common good.”
“The ballot is stronger than the bullet.”
“Where would dictators be without our compliant amnesia? Make the collective lose its memory, you can conceal anything.”
“Whatever the result may be, I shall carry to my grave the consciousness that I at least meant well for my country.”

Source : James Buchanan (2000). “Mr. Buchanan's Administration: On the Eve of the Rebellion”, p.296, Digital Scanning Inc
“Education is not the filling of a pail, but the lighting of a fire.”

Source : "Gov. Brown Uses State of the State Speech to Push Education Reforms" by Adolfo Guzman-Lopez, www.scpr.org. January 24, 2013.
“After I started to understand the spiritual dimension of life, I understood the responsibilities you have as a husband, a father, a friend and a hockey player.”

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