Category Archives: Quote of the week

Quote of the week

“We basically have two bankrupt parties bankrupting the country. With all the vested interests that have accrued around these two parties, they cannot think about the overall public good and the longer term anymore because both parties are trapped in short-term, zero-sum calculations.”

–Larry Diamond, Stanford University, in today’s NY Times Op-Ed by Thomas Friedman

Quote of the week

“I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.”

Warren Buffett, at the Montana Economic Development Summit on Sept. 13

Quote of the week

“One of the things you obviously do is you have to destroy this notion that it’s okay to trade against your customers. Maybe what you say is you can be a firm like Schwab that has customers, but you don’t trade in anything for yourself. Or you can be a hedge fund. But you can’t be both.

Because the minute you start trading against the customers is the minute you start designing things that aren’t good for the customers. And the minute you start designing things that aren’t good for the customers, you start designing CDOs, subprime mortgage bonds. You start to misallocate capital. You’re trying to misallocate capital.

— Michael Lewis, from his Bloomberg interview where he discusses his new book, “The Big Short: Inside the Doomsday Machine” (on my reading list)

Quote of the week

“Most everyone in the industrialized world can get their hands on a silo full of data and stimulus in a matter of minutes. The challenge is to get the most relevant, meaningful, contextualized information so that we can turn that into useful knowledge and wisdom.”

— David Shenk

Quote of the week

“We intend to return to the basics of the Toyota Way.”

Akio Toyoda, President, Toyota Motor Corp., referring to a production philosophy based on continuous improvement and efficiency that once made the company the envy of global manufacturers.

Quote of the week

“The rush of battle is a potent and often lethal addiction, for war is a drug.”

— from the best-selling 2002 book by New York Times war correspondent, Chris Hedges, and opening quote in the critically-acclaimed 2009 film, “The Hurt Locker”

Quote of the week

“I don’t believe the American people want us to focus on our job security. They want us to focus on their job security. I don’t think they want more gridlock. I don’t think they want more partisanship. I don’t think they want more obstruction. I’m a big believer not just in the value of a loyal opposition but in its necessity.”

— President Obama, from today’s televised debate with Republicans.