Category: Quotes

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Europe is an allegory for ages of man

(Hattip:DailyReckoning)

“Europe is an allegory for the ages of man. You are born Italian, relentlessly infantile and mother-obsessed. In childhood, you are English: chronically shy, tongue-tied clicky and only happy kicking balls or pulling the legs off things. Teenagers are French: pretentiously philosophical, embarrassingly vain, ridiculously romantic yet simultaneously insecure. During Middle-Age, we become either Irish and fun loving, or Swiss and serious. Old age is German: ponderous, pompous and pedantic. And finally, we regress into being Belgian, with no idea of who we are at all.”

 

 

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What was that again?

“When you realize that of the potential $100 billion to spend, 22% of that has to be provided by Italy and their lending to Spain is at 3% but Italy has to borrow at 6%. They have to lend to Spain $22bn at 3% – it is just madness. Everybody is getting worried again. The solution that they seem to have come up with seems to be worse than the problem in the first place.” said David Rosenberg to Bloomberg TV

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What was that again?

“One answer I got from Warren Buffett on a question I asked was most unexpected but the most intriguing to me. In all my following of him, I have never read or heard him say this. I asked him how he was able to drive forward through ups and downs and stay disciplined in his philosophy, which clearly has brought him success, a philosophy that does not follow the crowd and behaves contrary to “popular” feelings. His response on his key to success was his confidence that came from his father’s unconditional love. He told me his father died many years ago and today he still feels sick when he thinks of his dad passing away.At dinner that night though, he was very clear that unconditional love will give a kid a lifetime of confidence and will unleash their potential. Unconditional love is the greatest investment, with the best return on investment that a parent can make.”-said Joseph B. Smith, president and CEO of Smith Brothers who had dinner with Warren Buffett

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What was that again?

“Resist, we are the 4th power of the EZ. Spain is not Uganda.”-text message of Spanish PM Rajoy to his Finance Minister

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What was that again?

“The middle class created Prime Minister Manmohan Singh and now you want to take him apart. He is what he is… You should be proud of having created him… That’s a lot for one single story, but you have lost it” said Law Minister Salman Khurshid .