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“The role of democracy is not to banish disagreement but rather to prevent political disagreements from devolving into armed conflict.”
― The Thing Itself: Essays on Academics and the State
― The Thing Itself: Essays on Academics and the State
“It’s not possible for investors to consistently outperform the market. Therefore you’re best served investing in a diversified portfolio of low-cost index funds [or exchange-traded funds].”
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“Companies are always lobbying for special treatment, but during that recession a large number of them stepped up their pressure on the government for favors. They did so quite effectively—but at the expense of taxpayers and consumers, and to the rigged disadvantage of their competitors.”
― Good Profit: How Creating Value for Others Built One of the World's Most Successful Companies
― Good Profit: How Creating Value for Others Built One of the World's Most Successful Companies
“For a man who sees all of life as an auction, putting his honor up for bids seemed entirely appropriate.”
― King Icahn: The Biography of a Renegade Capitalist
― King Icahn: The Biography of a Renegade Capitalist
“Why do we need long-term fixed-rate mortgages in a world where the work force of the future is going to change jobs and move every three to five years?”
― Shaky Ground: The Strange Saga of the U.S. Mortgage Giants
― Shaky Ground: The Strange Saga of the U.S. Mortgage Giants
Philippe’s 2025 Year in Books
Take a look at Philippe’s Year in Books, including some fun facts about their reading.
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