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There is nothing so disturbing to one's well-being and judgment as to see a friend get rich
Charles P. Kindleberger
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Charles P. Kindleberger
Age: 92 †
Born: 1910
Born: October 12
Died: 2003
Died: July 7
Author
Economist
University Teacher
New York City
New York
Charles P. Kindleberger
Charles Kindleberger
Friend
Rich
Wells
Well
Nothing
Disturbing
Judgment
More quotes by Charles P. Kindleberger
The period of financial distress is a gradual decline after the peak of a speculative bubble that precedes the final and massive panic and crash, driven by the insiders having exited but the sucker outsiders hanging on hoping for a revivial, but finally giving up in the final collapse.
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Money is a public good as such, it lends itself to private exploitation.
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The first derivative is the last refuge of a scoundrel.
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