One of the delights of reading the newspaper in these troubling times, is seeing columnists reach back for the great quote to capture the moment. A handful of my favorites follow. I shall add to the list as I see them:
“If you jump off the top of an 80-story-building, for 79 stories you can actually think you’re flying. It’s the sudden stop at the end that always gets you.” Thomas Friedman quoting a friend.
“We suffer more when we fall from a better to a worse situation, than we ever enjoy when we rise from a worse to a better.” Aline van Duyn quoting A. Smith
“A simple rule dictates my business: Be fearful when others are greedy, and be greedy when others are fearful.” Aline van Duyn quoting Warren Buffett
“We have reached a critical point . . .” If governments do not act then “we must expect the progressive breakdown of the existing structure of contract and instruments of indebtedness, accompanied by the utter discredit of orthodox leadership in finance and government, with what ultimate outcome we cannot predict.” Ed Crooks quoting John Maynard Keynes
“To the possessor of money capital, the process of production appears merely as an unavoidable link, as a necessary evil for the sake of moneymaking. All nations with a capitalist mode of production are therefore seized periodically by a feverish attempt to make money without the intervention of the process of production.” John Plender quoting Karl Marx
“I used to think that, if there was reincarnation, I wanted to come back as the president, or the pope, or a top baseball hitter. But now I want to come back as the bond market. You can intimidate everbody. John Plender quoting James Carville