“Pressed to identify useful financial innovations created during the past quarter-century, Paul A. Volcker, former Federal Reserve Chairman and recent chairman of President Obama’s Economic Recovery Board, could single out only one: “The ATM.”
― The Clash of the Cultures: Investment vs. Speculation
― The Clash of the Cultures: Investment vs. Speculation
“The mutual fund industry has been built, in a sense, on witchcraft.”
― Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor
― Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor
“I’d rather welcome change than cling to the past.”
― Rich Dad Poor Dad: What the Rich Teach Their Kids About Money—That the Poor and Middle Class Do Not!
― Rich Dad Poor Dad: What the Rich Teach Their Kids About Money—That the Poor and Middle Class Do Not!
“On balance, the financial system subracts value from society”
― Enough: True Measures of Money, Business, and Life
― Enough: True Measures of Money, Business, and Life
“To love at all is to be vulnerable. Love anything and your heart will be wrung and possibly broken. If you want to make sure of keeping it intact you must give it to no one, not even an animal. Wrap it carefully round with hobbies and little luxuries; avoid all entanglements. Lock it up safe in the casket or coffin of your selfishness. But in that casket, safe, dark, motionless, airless, it will change. It will not be broken; it will become unbreakable, impenetrable, irredeemable. To love is to be vulnerable.”
― The Four Loves
― The Four Loves
Dranil’s 2025 Year in Books
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