“The almost singular through line behind every major financial crisis is one thing: debt.”
― 1929: Inside the Greatest Crash in Wall Street History--and How It Shattered a Nation
― 1929: Inside the Greatest Crash in Wall Street History--and How It Shattered a Nation
“Ironically, the Italians, the inventors of Roman numerals, took a great leap forward in business and mathematics when they became the first in Christian Europe to abandon the Roman system and use Hindu/Arabic numbers.”
― Paper: Paging Through History
― Paper: Paging Through History
“We dare not forget today that we are the heirs of that first revolution. Let the word go forth from this time and place, to friend and foe alike, that the torch has been passed to a new generation of Americans—born in this century, tempered by war, disciplined by a hard and bitter peace, proud of our ancient heritage—and unwilling to witness or permit the slow undoing of those human rights to which this nation has always been committed, and to which we are committed today at home and around the world.”
― Profiles in Courage
― Profiles in Courage
“Bombay that morning of 28 February 1948, Platt and his men had put the final full stop to the British imperial adventure. Twenty-five years later, by that”
― Freedom at Midnight
― Freedom at Midnight
“We all love a good story, a concise explanation of how the world works. We all love an easy buck. Temptation has driven human folly for centuries, whether the serpent in the Garden of Eden or the market manias of cryptocurrency or artificial intelligence. Each wave seduces us into thinking that we’ve learned from history and, this time, we can’t be fooled. Then it happens again. This is how it happened in 1929.”
― 1929: Inside the Greatest Crash in Wall Street History--and How It Shattered a Nation
― 1929: Inside the Greatest Crash in Wall Street History--and How It Shattered a Nation
Daniel’s 2025 Year in Books
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