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I think without a doubt, that what is called financial genius is merely a rising market.
John Kenneth Galbraith
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John Kenneth Galbraith
Age: 97 †
Born: 1908
Born: October 15
Died: 2006
Died: April 29
Diplomat
Economist
Non-Fiction Writer
Politician
University Teacher
John K. Galbraith
Called
Without
Think
Rising
Thinking
Market
Financial
Merely
Genius
Doubt
More quotes by John Kenneth Galbraith
American university presidents are a nervous breed I have never thought well of them as a class.
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We talk of the enormous virtues of work, but it turns out that that is mostly for the poor. If you're rich enough or if you're a college professor, the virtue lies in leisure and the use you make of your leisure time.
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It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.
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There's a certain part of the contented majority who love anybody who is worth a billion dollars.
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Franklin Delano Roosevelt and J.F Kennedy were Presidents in very different times.
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A drastic reduction in weapons competition following a general release from the commitment to the Cold War would be sharply in conflict with the needs of the industrial system.
John Kenneth Galbraith
We shall have a race of men who are strong on telemetry and space communications but who cannot read anything but a blueprint or write anything but a computer program.
John Kenneth Galbraith
Anyone who says he won't resign four times, will.
John Kenneth Galbraith
The happiest time of anyone's life is just after the first divorce.
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The foresight of financial experts was, as so often, a poor guide to the future.
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For the sake of The Progressive, I will say that [Robert] La Follette was relevant, but he was the last.
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Genius is a rising stock market.
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A wrong decision isn't forever it can always be reversed. The losses from a delayed decision are forever they can never be retrieved.
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Financial operations do not lend themselves to innovation. What is recurrently so described and celebrated is, without exception, a small variation on an established design . . . The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.
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No one was responsible for the great Wall Street crash. No one engineered the speculation that preceded it. Both were the product of free choice and decision of hundreds of thousands of individuals.
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Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do.
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Of late I have searched diligently to discover the advantages of age, and there is, I have concluded, only one. It is that lovely women treat your approaches with understanding rather than with disdain.
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It has been the acknowledged right of every Marxist scholar to read into Marx the particular meaning that he himself prefers and to treat all others with indignation.
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Conscience is better served by a myth.
John Kenneth Galbraith
In dealing with Mr. Nixon, it is not easy to be unfair. He invites and justifies all available criticism.
John Kenneth Galbraith
