GI Jane Finances

May 24, 2011

Filed under: Uncategorized — gijanefinances @ 8:06 pm

My favorite quotes from 50 Fascinating Things I’ve Read Lately:

“Today, of Americans officially designated as ‘poor,’ 99 percent have electricity, running water, flush toilets, and a refrigerator; 95 percent have a television, 88 percent a telephone, 71 percent a car and 70 percent air conditioning. Cornelius Vanderbilt had none of these.”

–Matt Ridley

“A true bubble is when something is overvalued and intensely believed.”

–Peter Thiel

“Sudanese people live in unspeakable poverty, yet come to the U.S. and remark on how miserable Americans’ lives are. All we do is work. No time for family, friends, or social gatherings.”

–Adapted from the documentary God Grew Tired of Us

“In school they give you a question and ask you to find an answer. In the real world the answers are everywhere — the Internet, calculators, history books, reference manuals. The trick is asking the right questions.”

–Adapted from speech by Conrad Wolfram

“The fastest way to become rich is to socialize with the poor; the fastest way to become poor is to socialize with the rich.”

–Nassim Taleb

“In 1945 the U.S. accounted for about 50% of total global output, twice what it does now. Why? Because most of the rest of the industrial world was in ruins. Had history taken another turn or two, the U.S. would not have had the monopoly of riches it enjoyed for the next three decades. Consider: At the beginning of the last century, Germany was an industrial and scientific powerhouse, but two world wars and Nazism ended that. Had it not succumbed to militarism in the 1920s and ’30s, Japan would have had a modern, technology-based economy by the 1940s, not the 1970s.”

–Michael Elliott

“The man who doesn’t read good books has no advantage over the man who can’t read them.”

–Mark Twain

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