John Maynard Keynes

John Maynard Keynes Quote – When the accumulation of wealth …

When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall be able to rid ourselves of many of the pseudo-moral principles which have hag-ridden us for two hundred years, by which we have exalted some of the most distasteful of human qualities into the position of the highest virtues. We shall be able to afford to dare to assess the money-motive at its true value. The love of money as a possession — as distinguished from the love of money as a means to the enjoyments and realities of life — will be recognised for what it is, a somewhat disgusting morbidity, one of those semi-criminal, semi-pathological propensities which one hands over with a shudder to the specialists in mental disease … But beware! The time for all this is not yet. For at least another hundred years we must pretend to ourselves and to everyone that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still. For only they can lead us out of the tunnel of economic necessity into daylight.

- John Maynard Keynes1

  1. “The Future”, Essays in Persuasion (1931) Ch. 5, JMK, CW, IX, pp.329 – 331, Economic Possibilities for our Grandchildren (1930); as quoted in “Keynes and the Ethics of Capitalism” by Robert Skidelsy []

Fiddler on the Roof

Music Quote – Fiddler on The Roof – If I Were a Rich Man

Dear God, you made many, many poor people.
I realize, of course, that it’s no shame to be poor.
But it’s no great honor either!
So, what would have been so terrible if I had a small fortune?”

If I were a rich man,
Ya ha deedle deedle, bubba bubba deedle deedle dum.
All day long I’d biddy biddy bum.
If I were a wealthy man.
I wouldn’t have to work hard.
Ya ha deedle deedle, bubba bubba deedle deedle dum.
If I were a biddy biddy rich,
Yidle-diddle-didle-didle man.

I’d build a big tall house with rooms by the dozen,
Right in the middle of the town.
A fine tin roof with real wooden floors below.
There would be one long staircase just going up,
And one even longer coming down,
And one more leading nowhere, just for show.

I’d fill my yard with chicks and turkeys and geese and ducks
For the town to see and hear.
(Insert)Squawking just as noisily as they can. (End Insert)
With each loud “cheep” “swaqwk” “honk” “quack”
Would land like a trumpet on the ear,
As if to say “Here lives a wealthy man.”

If I were a rich man,
Ya ha deedle deedle, bubba bubba deedle deedle dum.
All day long I’d biddy biddy bum.
If I were a wealthy man.
I wouldn’t have to work hard.
Ya ha deedle deedle, bubba bubba deedle deedle dum.
If I were a biddy biddy rich,
Yidle-diddle-didle-didle man.

I see my wife, my Golde, looking like a rich man’s wife
With a proper double-chin.
Supervising meals to her heart’s delight.
I see her putting on airs and strutting like a peacock.
Oy, what a happy mood she’s in.
Screaming at the servants, day and night.

The most important men in town would come to fawn on me!
They would ask me to advise them,
Like a Solomon the Wise.
“If you please, Reb Tevye…”
“Pardon me, Reb Tevye…”
Posing problems that would cross a rabbi’s eyes!

And it won’t make one bit of difference if i answer right or wrong.
When you’re rich, they think you really know!

If I were rich, I’d have the time that I lack
To sit in the synagogue and pray.
And maybe have a seat by the Eastern wall.
And I’d discuss the holy books with the learned men, several hours every day.
That would be the sweetest thing of all.

If I were a rich man,
Ya ha deedle deedle, bubba bubba deedle deedle dum.
All day long I’d biddy biddy bum.
If I were a wealthy man.
I wouldn’t have to work hard.
Ya ha deedle deedle, bubba bubba deedle deedle dum.

Lord who mad the lion and the lamb,
You decreed I should be what I am.
Would it spoil some vast eternal plan?
If I were a wealthy man.

Warren Buffett

Warren Buffett Quote – Chains of habit are too …

Chains of habit are too light to be felt until they are too heavy to be broken.

- Warren Buffet1

  1. “Warren Buffet Talks Business, PBSTV program produced by the University of North Carolina, Center for Public Television, Chapel Hill, 1995 []

Warren Buffett

Warren Buffett Quote – I don’t try to jump …

I don’t try to jump over 7-foot bars: I look around for 1-foot bars that I can step over.

- Warren Buffett1

  1. L.J. Davis, “Buffet Takes Stocks,” The New York Times Magazine, April 1, 1990, p. 16 []

Benjamin Franklin

Benjamin Franklin Quote – I think the best way …

I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it.

- Benjamin Franklin1

  1. On the Price of Corn and Management of the Poor (1766-11-29) []

Benjamin Franklin

Benjamin Franklin Quote – In short, the way to wealth …

In short, the way to wealth, if you desire it, is plain as the way to market. It depends chiefly on two words, industry and frugality; that is, waste neither time nor money, but make the best use of both. Without industry and frugality nothing will do, and with them everything. He that gets all he can honestly, and saves all the gets (necessary expense expected), will certainly become rich, if that Being who governs the world, to whom all should look for a blessing on their honest endeavors, doth not, in His wise providence, otherwise determine.

- Benjamin Franklin1

  1. Advice to a Young Tradesman (1748) []

Benjamin Franklin

Benjamin Franklin Quote – The most trifling actions that …

The most trifling actions that affect a man’s credit are to be regarded. The sound of your hammer at five in the morning, or nine at night, heard by a creditor, makes him easy six months longer; but, if he sees you at a billiard table, or hears your voice at at tavern, when you should be at work, he sends for his money the next day, demands it, before he can receive it, in a lump.

It shows, besides, that you are mindful of what you owe; it makes you appear a careful as well as an honest man, and that still increases your credit.

- Benjamin Franklin1

  1. Advice to a Young Tradesman (1748) []

Kin Hubbard

Kin Hubbard Quote – Don’t spend your money at home …

Don’t spend your money at home.  Bring it down town.

- Kin Hubbard1

  1. Abe Martin’s Almanack []

Kin Hubbard

Kin Hubbard Quote – Th’ hard times is puttin’ …

Th’ hard times is puttin’ hoarded money in circulation.  A feller up in Hartford City wants t’ sell a fifty-cent piece that wuz made in 1810.

- Kin Hubbard1

  1. Abe Martin’s Almanack, pg. 15 []

John Wesley

John Wesley Quote – When I have money, I …

When I have money, I get rid of it quickly, lest it find a way into my heart.

- Attributed to John Wesley