Stable Money Quotes

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There are blondes and blondes and it is almost a joke word nowadays. All blondes have their points, except perhaps the metallic ones who are as blond as a Zulu under the bleach and as to disposition as soft as a sidewalk. There is the small cute blonde who cheeps and twitters, and the big statuesque blonde who straight-arms you with an ice-blue glare. There is the blonde who gives you the up-from-under look and smells lovely and shimmers and hangs on your arm and is always very tired when you take her home. She makes that helpless gesture and has that goddamned headache and you would like to slug her except that you are glad you found out about the headache before you invested too much time and money and hope in her. Because the headache will always be there, a weapon that never wears out and is as deadly as the bravo’s rapier or Lucrezia’s poison vial. There is the soft and willing and alcoholic blonde who doesn’t care what she wears as long as it is mink or where she goes as long as it is the Starlight Roof and there is plenty of dry champagne. There is the small perky blonde who is a little pal and wants to pay her own way and is full of sunshine and common sense and knows judo from the ground up and can toss a truck driver over her shoulder without missing more than one sentence out of the editorial in the Saturday Review. There is the pale, pale blonde with anemia of some non-fatal but incurable type. She is very languid and very shadowy and she speaks softly out of nowhere and you can’t lay a finger on her because in the first place you don’t want to and in the second place she is reading The Waste Land or Dante in the original, or Kafka or Kierkegaard or studying Provençal. She adores music and when the New York Philharmonic is playing Hindemith she can tell you which one of the six bass viols came in a quarter of a beat too late. I hear Toscanini can also. That makes two of them. And lastly there is the gorgeous show piece who will outlast three kingpin racketeers and then marry a couple of millionaires at a million a head and end up with a pale rose villa at Cap Antibes, an Alfa-Romeo town car complete with pilot and co-pilot, and a stable of shopworn aristocrats, all of whom she will treat with the affectionate absent-mindedness of an elderly duke saying goodnight to his butler.
Raymond Chandler (The Long Goodbye (Philip Marlowe, #6))
When we self-sabotage, it is often because we have a negative association between achieving the goal we aspire to and being the kind of person who has or does that thing. If your issue is that you want to be financially stable, and yet you keep ruining every effort you make to get there, you have to go back to your first concept of money.
Brianna Wiest (The Mountain Is You: Transforming Self-Sabotage Into Self-Mastery)
Well, all of us country club ex-wives need a lot of money,” she said. “Sex with the stable boys at the club isn’t cheap you know.” I almost choked. “Mom! You made me spit my beer.” My dearest mother hummed into the phone. “Maybe you wouldn’t be single, darling, if you learned to swallow properly.
N.R. Walker (Blindside (Blind Faith, #3))
The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government's greatest creative opportunity. By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government. Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power.
Abraham Lincoln
When a man gets to middle age shouldn’t he look for a peaceful and stable existence, find a not-too-demanding sort of a job, stay in a mediocre position, become a husband and a father, set up a comfortable home, put money in the bank and add to it every month so there’ll be something for old age and a little left over for the next generation?
Gao Xingjian (Soul Mountain)
What liberals must conserve is the middle class: the stable family who can afford to enjoy music and theater and take the kids to Europe someday and put money in the collection plate and save for college and keep up the home and be secure against catastrophe. This family has taken big hits in payroll taxes and loss of buying power and a certain suppressed panic about job security.
Garrison Keillor (Homegrown Democrat: A Few Plain Thoughts from the Heart of America)
Companies should not gamble with leverage. Companies shouldn't gamble on borrowed money. If a company is going to borrow and leverage other peoples money, it should be going toward something profitable, stable and safe. Executives can't predict the future with any certainty, but they can do their research and due diligence. And they can be methodical and strategic as opposed to reckless.
Hendrith Vanlon Smith Jr.
No,” said a third student. “Novartis is a public company. It’s not the boss or the board who decides. It’s the shareholders. If the board changes its priorities the shareholders will just elect a new board.” “That’s right,” I said. “It’s the shareholders who want this company to spend their money on researching rich people’s illnesses. That’s how they get a good return on their shares.” So there’s nothing wrong with the employees, the boss, or the board, then. “Now, the question is”—I looked at the student who had first suggested the face punching—“who owns the shares in these big pharmaceutical companies?” “Well, it’s the rich.” He shrugged. “No. It’s actually interesting because pharmaceutical shares are very stable. When the stock market goes up and down, or oil prices go up and down, pharma shares keep giving a pretty steady return. Many other kinds of companies’ shares follow the economy—they do better or worse as people go on spending sprees or cut back—but the cancer patients always need treatment. So who owns the shares in these stable companies?” My young audience looked back at me, their faces like one big question mark. “It’s retirement funds.” Silence. “So maybe I don’t have to do any punching, because I will not meet the shareholders. But you will. This weekend, go visit your grandma and punch her in the face. If you feel you need someone to blame and punish, it’s the seniors and their greedy need for stable stocks.
Hans Rosling (Factfulness: Ten Reasons We're Wrong About the World—and Why Things Are Better Than You Think)
We live in a patriarchal world—a system that aids and abets inequality. In this system that has gatekept financial information and tools from marginalized groups, it is an act of protest to be financially independent. It is an act of protest to overcome negative beliefs about money in order to save, pay off debt, invest, and find fulfilling work. It is an act of protest to prioritize rest instead of hustle, abundance rather than scarcity, and generosity in place of stockpiling. In a world that actively works to keep us playing small, it is an act of protest to be stable, content, and powerful.
Tori Dunlap (Financial Feminist: Overcome the Patriarchy's Bullsh*t to Master Your Money and Build a Life You Love)
Slim, I hope you ain't sexed that pretty bitch yet. Believe me, Slim, a pimp is really a whore who's reversed the game on whores. Slim, be as sweet as the scratch. Don't be no sweeter. Always stick a whore for a bundle before you sex her. A whore ain't nothing but a trick to a pimp. Don't let em Georgia you. Always get your money in front just like a whore. Whores in a stable are like working chumps in the white man's factory..
Iceberg Slim (Pimp: The Story of My Life)
Recuerdo We were very tired, we were very merry— We had gone back and forth all night on the ferry. It was bare and bright, and smelled like a stable— But we looked into a fire, we leaned across a table, We lay on a hill-top underneath the moon; And the whistles kept blowing, and the dawn came soon. We were very tired, we were very merry— We had gone back and forth all night on the ferry; And you ate an apple, and I ate a pear, From a dozen of each we had bought somewhere; And the sky went wan, and the wind came cold, And the sun rose dripping, a bucketful of gold. We were very tired, we were very merry, We had gone back and forth all night on the ferry. We hailed “Good morrow, mother!” to a shawl-covered head, And bought a morning paper, which neither of us read; And she wept, “God bless you!” for the apples and pears, And we gave her all our money but our subway fares.
Edna St. Vincent Millay
Nothing testified more to the evanescence of position and wealth in Beverly Hills than its architecture. There was money in abundance to put up the settings of the grand life. But land—the one true mark of stable grandeur—was not to be had. The town was an industrial compound of the temporarily well-paid.
Herman Wouk (Youngblood Hawke)
Where the currency depreciation is a result of government inflation carried out by the issue of notes, it is possible to avert its disastrous effect on economic calculation by conducting all bookkeeping in a stable money instead. But so far as the depreciation is a depreciation of gold, the world money, there is no such easy way out.
Ludwig von Mises (The Theory of Money and Credit)
We should totally rely on God, then our success will always be stable and nothing would be able to shake it
Sunday Adelaja
But all too often, we manage our time like we manage our money—more goes out than what comes in. We don’t realize how our busyness makes us less stable and more vulnerable.
Susie Larson (Your Sacred Yes: Trading Life-Draining Obligation for Freedom, Passion, and Joy)
I think that this is ultimately why we want money: It's to create a world that you prefer. To create an environment, to create an experience that you enjoy more. It might be shoes - it might be charity. By giving to charity, I'm just buying the world I would prefer. Because that world gives you more joy, more happiness. And it's a more stable world for the future and for my children.
Hank Green
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As soon as I entered the house, my wife took me in her arms, and kissed me; at which, having not been used to the touch of that odious animal for so many years, I fell into a swoon for almost an hour. At the time I am writing, it is five years since my last return to England. During the first year, I could not endure my wife or children in my presence; the very smell of them was intolerable; much less could I suffer them to eat in the same room. To this hour they dare not presume to touch my bread, or drink out of the same cup, neither was I ever able to let one of them take me by the hand. The first money I laid out was to buy two young stone-horses, which I keep in a good stable; and next to them, the groom is my greatest favourite, for I feel my spirits revived by the smell he contracts in the stable. My horses understand me tolerably well; I converse with them at least four hours every day. They are strangers to bridle or saddle; they live in great amity with me and friendship to each other.
Jonathan Swift (Guilliver's Travels Into Several Remote Nations of the World)
I have enough. I am enough. I am safe. My life is stable. Money will not disappear before my eyes. I consistently have enough money for my needs and desires, therefore I do not need to satisfy them all at once.
Ali Katz (Hot Mess to Mindful Mom: 40 Ways to Bring Balance, Joy, and Happiness into Your Every Day)
1. a.Never throw shit at an armed man. b.Never stand next to someone who is throwing shit at an armed man. 2.Never fire a laser at a mirror. 3.Mother Nature doesn't care if you're having fun. 4.F × S = k. The product of Freedom and Security is a constant. To gain more freedom of thought and/or action, you must give up some security, and vice versa. 5.Psi and/or magical powers, if real, are nearly useless. 6.It is easier to destroy than create. 7.Any damn fool can predict the past. 8.History never repeats itself. 9.Ethics change with technology. 10.There Ain't No Justice. (often abbreviated to TANJ) 11.Anarchy is the least stable of social structures. It falls apart at a touch. 12.There is a time and place for tact. And there are times when tact is entirely misplaced. 13.The ways of being human are bounded but infinite. 14.The world's dullest subjects, in order: a.Somebody else's diet. b.How to make money for a worthy cause. c.The Kardashians. 15.The only universal message in science fiction: There exist minds that think as well as you do, but differently. Niven's corollary: The gene-tampered turkey you're talking to isn't necessarily one of them. 16.Fuzzy Pink Niven's Law: Never waste calories. 17.There is no cause so right that one cannot find a fool following it. in variant form in Fallen Angels as "Niven's Law: No cause is so noble that it won't attract fuggheads." 18.No technique works if it isn't used. 19.Not responsible for advice not taken. 20.Old age is not for sissies.
Larry Niven
The fact that new coins are produced means the money supply increases by a planned amount, but this does not necessarily result in inflation. If the supply of money increases at the same rate that the number of people using it increases, prices remain stable. If it does not increase as fast as demand, there will be deflation and early holders of money will see its value increase. Coins have to get initially distributed somehow, and a constant rate seems like the best formula.
Satoshi Nakamoto
He attacked Oriati Mbo with all his powers. Schools to seduce the young. Banks to issue loans, loans to put Oriati into debt, debt to give him an excuse to seize their land and property. He built toll roads and canals for exclusive trade. He gave his allies inoculations against disease. He brutalized the Oriati currencies with counterfeiting and debasement, flooding their continent with fake money so they would turn to the stable, reliable Falcresti fiat note as their trade coin. It was precisely how he captured Taranoke. It failed utterly.
Seth Dickinson (The Monster Baru Cormorant (The Masquerade, #2))
I suppose I’ve come a long way from: being drunk enough to drive; tired enough to replace sleep with pills; irresponsible enough with money to steal for it; and dumb enough to ruin perfectly normal relationships; but smart enough to know the difference— that every lifestyle change is just a new prison
Phil Volatile (White Wedding Lies, and Discontent: An American Love Story)
How do you teach "work hard, be independent, learn the meaning of money" to children who look around themselves and realize that they never have to work hard, be independent, or learn the meaning of money? That's why so many cultures around the world have a proverb to describe the difficulty of raising children in an atmosphere of wealth. In English, the saying is "Shirtsleeves to shirtsleeves in three generations." The Italians say, "Dalle stelle alle stalle" ("from stars to stables"). In Spain it's "Quien no lo tiene, lo hance; y quien no lo tiene, lo deshance" ("he who doesn't have it, does it, and he who has it, misuses it"). Wealth contains the seeds of its own destruction.
Malcolm Gladwell (David and Goliath: Underdogs, Misfits, and the Art of Battling Giants)
Maeve’s always at the doctor’s, constantly signed off sick from work, on tons of different medication. She binge eats, she’s got really big and she’s never had a stable relationship. And Oisin drinks far too much. He’s had kids with two different girls already, and he’s only twenty-three. He works really menial jobs, just to get drinking money.
Robert Galbraith (The Running Grave (Cormoran Strike, #7))
Spontaneous order is self-contradictory. Spontaneity connotes the ebullition of surprises. It is highly entropic and disorderly. It is entrepreneurial and complex. Order connotes predictability and equilibrium. It is what is not spontaneous. It includes moral codes, constitutional restraints, personal disciplines, educational integrity, predictable laws, reliable courts, stable money, trustworthy finance, strong families, dependable defense, and police powers. Order requires political guidance, sovereignty, and leadership. It normally entails religious beliefs. The entire saga of the history of the West conveys the courage and sacrifice necessary to enforce and defend these values against their enemies.
George Gilder (Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World)
[Hyperinflation is] not going to happen in this country, will never happen... [The Fed putting so much money into the system is] not going to create the risk of hyperinflation in the future. We have a strong independent Federal Reserve with a very strong mandate from the Congress, and they will do what's necessary to keep inflation low and stable over time.
Timothy F. Geithner
The entrepreneur who is reckoning in terms of a currency with a stable value is unable to compete with the entrepreneur who is prepared to make a quasi-gift of part of his capital to his customers. In 1920 and 1921, Dutch traders who had sold commodities to Austria could buy them back again after a while much cheaper than they had originally sold them, because the Austrian traders completely failed to see that they were selling them for less than they had cost.
Ludwig von Mises (The Theory of Money and Credit)
Suddenly with a single bound he leaped into the room. Winning a way past us before any of us could raise a hand to stay him. There was something so pantherlike in the movement, something so unhuman, that it seemed to sober us all from the shock of his coming. The first to act was Harker, who with a quick movement, threw himself before the door leading into the room in the front of the house. As the Count saw us, a horrible sort of snarl passed over his face, showing the eyeteeth long and pointed. But the evil smile as quickly passed into a cold stare of lion-like disdain. His expression again changed as, with a single impulse, we all advanced upon him. It was a pity that we had not some better organized plan of attack, for even at the moment I wondered what we were to do. I did not myself know whether our lethal weapons would avail us anything. Harker evidently meant to try the matter, for he had ready his great Kukri knife and made a fierce and sudden cut at him. The blow was a powerful one; only the diabolical quickness of the Count's leap back saved him. A second less and the trenchant blade had shorn through his heart. As it was, the point just cut the cloth of his coat, making a wide gap whence a bundle of bank notes and a stream of gold fell out. The expression of the Count's face was so hellish, that for a moment I feared for Harker, though I saw him throw the terrible knife aloft again for another stroke. Instinctively I moved forward with a protective impulse, holding the Crucifix and Wafer in my left hand. I felt a mighty power fly along my arm, and it was without surprise that I saw the monster cower back before a similar movement made spontaneously by each one of us. It would be impossible to describe the expression of hate and baffled malignity, of anger and hellish rage, which came over the Count's face. His waxen hue became greenish-yellow by the contrast of his burning eyes, and the red scar on the forehead showed on the pallid skin like a palpitating wound. The next instant, with a sinuous dive he swept under Harker's arm, ere his blow could fall, and grasping a handful of the money from the floor, dashed across the room, threw himself at the window. Amid the crash and glitter of the falling glass, he tumbled into the flagged area below. Through the sound of the shivering glass I could hear the "ting" of the gold, as some of the sovereigns fell on the flagging. We ran over and saw him spring unhurt from the ground. He, rushing up the steps, crossed the flagged yard, and pushed open the stable door. There he turned and spoke to us. "You think to baffle me, you with your pale faces all in a row, like sheep in a butcher's. You shall be sorry yet, each one of you! You think you have left me without a place to rest, but I have more. My revenge is just begun! I spread it over centuries, and time is on my side. Your girls that you all love are mine already. And through them you and others shall yet be mine, my creatures, to do my bidding and to be my jackals when I want to feed. Bah!" With a contemptuous sneer, he passed quickly through the door, and we heard the rusty bolt creak as he fastened it behind him. A door beyond opened and shut. The first of us to speak was the Professor. Realizing the difficulty of following him through the stable, we moved toward the hall. "We have learnt something… much! Notwithstanding his brave words, he fears us. He fears time, he fears want! For if not, why he hurry so? His very tone betray him, or my ears deceive. Why take that money? You follow quick. You are hunters of the wild beast, and understand it so. For me, I make sure that nothing here may be of use to him, if so that he returns.
Bram Stoker (Dracula)
I saw Frau Helga counting money in the stable. I saw the fair down on her arms. Once I dreamed I might kiss her. Long ago. I was at the stream washing, naked, teetering on razor shale which can amputate your toes. When Sumper touched my shoulder I jumped in fright. My private parts shrivelled like gizzards in a stockpot. He was armoured in his leather apron, a beak in his hand, but I did not know that then. He said, “You will have been responsible for something far finer than you could ever conceive.” “I wanted only a duck.” “You were not born to have a duck. You were born to bring a Wonder to the world.” And then he turned away and left me in my nakedness.
Peter Carey (The Chemistry of Tears)
The flat tire that threw Julio into a temporary panic and the divorce that almost killed Jim don’t act directly as physical causes producing a physical effect—as, for instance, one billiard ball hitting another and making it carom in a predictable direction. The outside event appears in consciousness purely as information, without necessarily having a positive or negative value attached to it. It is the self that interprets that raw information in the context of its own interests, and determines whether it is harmful or not. For instance, if Julio had had more money or some credit, his problem would have been perfectly innocuous. If in the past he had invested more psychic energy in making friends on the job, the flat tire would not have created panic, because he could have always asked one of his co-workers to give him a ride for a few days. And if he had had a stronger sense of self-confidence, the temporary setback would not have affected him as much because he would have trusted his ability to overcome it eventually. Similarly, if Jim had been more independent, the divorce would not have affected him as deeply. But at his age his goals must have still been bound up too closely with those of his mother and father, so that the split between them also split his sense of self. Had he had closer friends or a longer record of goals successfully achieved, his self would have had the strength to maintain its integrity. He was lucky that after the breakdown his parents realized the predicament and sought help for themselves and their son, reestablishing a stable enough relationship with Jim to allow him to go on with the task of building a sturdy self. Every piece of information we process gets evaluated for its bearing on the self. Does it threaten our goals, does it support them, or is it neutral? News of the fall of the stock market will upset the banker, but it might reinforce the sense of self of the political activist. A new piece of information will either create disorder in consciousness, by getting us all worked up to face the threat, or it will reinforce our goals, thereby freeing up psychic energy.
Mihály Csíkszentmihályi (Flow: The Psychology of Optimal Experience)
Never have I trusted Fortune, even when she seemed to offer peace. All those blessings which she kindly bestowed on me – money, public office, influence – I relegated to a place whence she could claim them back without bothering me. I kept a wide gap between them and me, with the result that she has taken them away, not torn them away. No man has been shattered by the blows of Fortune unless he was first deceived by her favours. Those who loved her gifts as if they were their own for ever, who wanted to be admired on account of them, are laid low and grieve when the false and transient pleasures desert their vain and childish minds, ignorant of every stable pleasure. But the man who is not puffed up in good times does not collapse either when they change.
Seneca (On the Shortness of Life)
One must act radically. When one pulls out a tooth, one does it with a single tug, and the pain quickly goes away. The Jew must clear out of Europe. Otherwise no understanding will be possible between Europeans. It's the Jew who prevents everything. When I think about it, I realise that I'm extraordinarily humane. At the time of the rule of the Popes, the Jews were mistreated in Rome. Until 1830, eight Jews mounted on donkeys were led once a year through the streets of Rome. For my part, I restrict myself to telling them they must go away. If they break their pipes on the journey, I can't do anything about it. But if they refuse to go voluntarily, I see no other solution but extermination. Why should I look at a Jew through other eyes than if he were a Russian prisoner-of-war? In the p.o.w. camps, many are dying. It's not my fault. I didn't want either the war or the p.o.w. camps. Why did the Jew provoke this war? A good three hundred or four hundred years will go by before the Jews set foot again in Europe. They'll return first of all as commercial travellers, then gradually they'll become emboldened to settle here—the better to exploit us. In the next stage, they become philanthropists, they endow foundations. When a Jew does that, the thing is particularly noticed—for it's known that they're dirty dogs. As a rule, it's the most rascally of them who do that sort of thing. And then you'll hear these poor Aryan boobies telling you : "You see, there are good Jews !" Let's suppose that one day National Socialism will undergo a change, and become used by a caste of privileged persons who exploit the people and cultivate money. One must hope that in that case a new reformer will arise and clean up the stables.
Adolf Hitler (Hitler's Table Talk, 1941-1944)
The strongest evidence yet was published in 2010. In a painstaking long-term study, much larger and more thorough than anything done previously, an international team of researchers tracked one thousand children in New Zealand from birth until the age of thirty-two. Each child’s self-control was rated in a variety of ways (through observations by researchers as well as in reports of problems from parents, teachers, and the children themselves). This produced an especially reliable measure of children’s self-control, and the researchers were able to check it against an extraordinarily wide array of outcomes through adolescence and into adulthood. The children with high self-control grew up into adults who had better physical health, including lower rates of obesity, fewer sexually transmitted diseases, and even healthier teeth. (Apparently, good self-control includes brushing and flossing.) Self-control was irrelevant to adult depression, but its lack made people more prone to alcohol and drug problems. The children with poor self-control tended to wind up poorer financially. They worked in relatively low-paying jobs, had little money in the bank, and were less likely to own a home or have money set aside for retirement. They also grew up to have more children being raised in single-parent households, presumably because they had a harder time adapting to the discipline required for a long-term relationship. The children with good self-control were much more likely to wind up in a stable marriage and raise children in a two-parent home. Last, but certainly not least, the children with poor self-control were more likely to end up in prison. Among those with the lowest levels of self-control, more than 40 percent had a criminal conviction by the age of thirty-two, compared with just 12 percent of the people who had been toward the high end of the self-control distribution in their youth.
Roy F. Baumeister (Willpower: Rediscovering Our Greatest Strength)
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During the reign of the actual Henry II (1154–1189), just about everyone in Western Europe was still keeping their accounts using the monetary system established by Charlemagne some 350 years earlier—that is, using pounds, shillings, and pence—despite the fact that some of these coins had never existed (Charlemagne never actually struck a silver pound), none of Charlemagne’s actual shillings and pence remained in circulation, and those coins that did circulate tended to vary enormously in size, weight, purity, and value.13 According to the Chartalists, this doesn’t really matter. What matters is that there is a uniform system for measuring credits and debts, and that this system remains stable over time. The case of Charlemagne’s currency is particularly dramatic because his actual empire dissolved quite quickly, but the monetary system he created continued to be used for keeping accounts within his former territories for more than 800 years. It was referred to, in the sixteenth century, quite explicitly as “imaginary money,” and derniers and livres were only completely abandoned as units of account around the time of the French Revolution.14
David Graeber (Debt: The First 5,000 Years)
In the wake of the Cognitive Revolution, gossip helped Homo sapiens to form larger and more stable bands. But even gossip has its limits. Sociological research has shown that the maximum ‘natural’ size of a group bonded by gossip is about 150 individuals. Most people can neither intimately know, nor gossip effectively about, more than 150 human beings. Even today, a critical threshold in human organisations falls somewhere around this magic number. Below this threshold, communities, businesses, social networks and military units can maintain themselves based mainly on intimate acquaintance and rumour-mongering. There is no need for formal ranks, titles and law books to keep order. 3A platoon of thirty soldiers or even a company of a hundred soldiers can function well on the basis of intimate relations, with a minimum of formal discipline. A well-respected sergeant can become ‘king of the company’ and exercise authority even over commissioned officers. A small family business can survive and flourish without a board of directors, a CEO or an accounting department. But once the threshold of 150 individuals is crossed, things can no longer work that way. You cannot run a division with thousands of soldiers the same way you run a platoon. Successful family businesses usually face a crisis when they grow larger and hire more personnel. If they cannot reinvent themselves, they go bust. How did Homo sapiens manage to cross this critical threshold, eventually founding cities comprising tens of thousands of inhabitants and empires ruling hundreds of millions? The secret was probably the appearance of fiction. Large numbers of strangers can cooperate successfully by believing in common myths. Any large-scale human cooperation – whether a modern state, a medieval church, an ancient city or an archaic tribe – is rooted in common myths that exist only in people’s collective imagination. Churches are rooted in common religious myths. Two Catholics who have never met can nevertheless go together on crusade or pool funds to build a hospital because they both believe that God was incarnated in human flesh and allowed Himself to be crucified to redeem our sins. States are rooted in common national myths. Two Serbs who have never met might risk their lives to save one another because both believe in the existence of the Serbian nation, the Serbian homeland and the Serbian flag. Judicial systems are rooted in common legal myths. Two lawyers who have never met can nevertheless combine efforts to defend a complete stranger because they both believe in the existence of laws, justice, human rights – and the money paid out in fees.
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
Statisticians say that stocks with healthy dividends slightly outperform the market averages, especially on a risk-adjusted basis. On average, high-yielding stocks have lower price/earnings ratios and skew toward relatively stable industries. Stripping out these factors, generous dividends alone don’t seem to help performance. So, if you need or like income, I’d say go for it. Invest in a company that pays high dividends. Just be sure that you are favoring stocks with low P/Es in stable industries. For good measure, look for earnings in excess of dividends, ample free cash flow, and stable proportions of debt and equity. Also look for companies in which the number of shares outstanding isn’t rising rapidly. To put a finer point on income stocks to skip, reverse those criteria. I wouldn’t buy a stock for its dividend if the payout wasn’t well covered by earnings and free cash flow. Real estate investment trusts, master limited partnerships, and royalty trusts often trade on their yield rather than their asset value. In some of those cases, analysts disagree about the economic meaning of depreciation and depletion—in particular, whether those items are akin to earnings or not. Without looking at the specific situation, I couldn’t judge whether the per share asset base was shrinking over time or whether generally accepted accounting principles accounting was too conservative. If I see a high-yielder with swiftly rising share counts and debt levels, I assume the worst.
Joel Tillinghast (Big Money Thinks Small: Biases, Blind Spots, and Smarter Investing (Columbia Business School Publishing))
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THE VISION EXERCISE Create your future from your future, not your past. WERNER ERHARD Erhard Founder of EST training and the Landmark Forum The following exercise is designed to help you clarify your vision. Start by putting on some relaxing music and sitting quietly in a comfortable environment where you won’t be disturbed. Then, close your eyes and ask your subconscious mind to give you images of what your ideal life would look like if you could have it exactly the way you want it, in each of the following categories: 1. First, focus on the financial area of your life. What is your ideal annual income and monthly cash flow? How much money do you have in savings and investments? What is your total net worth? Next . . . what does your home look like? Where is it located? Does it have a view? What kind of yard and landscaping does it have? Is there a pool or a stable for horses? What does the furniture look like? Are there paintings hanging in the rooms? Walk through your perfect house, filling in all of the details. At this point, don’t worry about how you’ll get that house. Don’t sabotage yourself by saying, “I can’t live in Malibu because I don’t make enough money.” Once you give your mind’s eye the picture, your mind will solve the “not enough money” challenge. Next, visualize what kind of car you are driving and any other important possessions your finances have provided. 2. Next, visualize your ideal job or career. Where are you working? What are you doing? With whom are you working? What kind of clients or customers do you have? What is your compensation like? Is it your own business? 3. Then, focus on your free time, your recreation time. What are you doing with your family and friends in the free time you’ve created for yourself? What hobbies are you pursuing? What kinds of vacations do you take? What do you do for fun? 4. Next, what is your ideal vision of your body and your physical health? Are you free of all disease? Are you pain free? How long do you live? Are you open, relaxed, in an ecstatic state of bliss all day long? Are you full of vitality? Are you flexible as well as strong? Do you exercise, eat good food, and drink lots of water? How much do you weigh? 5. Then, move on to your ideal vision of your relationships with your family and friends. What is your relationship with your spouse and family like? Who are your friends? What do those friendships feel like? Are those relationships loving, supportive, empowering? What kinds of things do you do together? 6. What about the personal arena of your life? Do you see yourself going back to school, getting training, attending personal growth workshops, seeking therapy for a past hurt, or growing spiritually? Do you meditate or go on spiritual retreats with your church? Do you want to learn to play an instrument or write your autobiography? Do you want to run a marathon or take an art class? Do you want to travel to other countries? 7. Finally, focus on the community you’ve chosen to live in. What does it look like when it is operating perfectly? What kinds of community activities take place there? What charitable, philanthropic, or volunteer work? What do you do to help others and make a difference? How often do you participate in these activities? Who are you helping? You can write down your answers as you go, or you can do the whole exercise first and then open your eyes and write them down. In either case, make sure you capture everything in writing as soon as you complete the exercise. Every day, review the vision you have written down. This will keep your conscious and subconscious minds focused on your vision, and as you apply the other principles in this book, you will begin to manifest all the different aspects of your vision.
Jack Canfield (The Success Principles: How to Get from Where You Are to Where You Want to Be)