Quote, Unquote: What They Said
Who was talking the talk this week?
Welcome to Minyanville's quotes of the week, served up with some quotable historical context for your Friday enjoyment.
"The amount of money people are paid has taken a big hit; not just those who have lost their jobs, but those who are still employed." --Thomas J. Nardone, an assistant commissioner at the Bureau of Labor Statistics
"When an actor comes to me and wants to discuss his character, I say, 'It's in the script.' If he says, 'But what's my motivation?, ' I say, 'Your salary.'" --Alfred Hitchcock
"Fees have become an easy way for us to try and fix the fares," --Glen W. Hauenstein, executive vice president for revenue management at Delta Air Lines on raising revenue without appearing to raise ticket prices.
You can fool some of the people all the time, and those are the ones you want to concentrate on. --George W. Bush
"This will be a technology-led recovery. And the improvement we're seeing from the technology companies suggests the recovery has legs." --Edward Yardeni, economist and investment strategist
"I can wrap my legs around my neck." --Janice Dickinson
"They do it because they can. But strategic thinking requires that you think not only about trading but also about reputation and where the bank stands in the court of public opinion." --Michael Useem, professor of management at Wharton on Goldman Sachs' employee bonuses.
"A good reputation is more valuable than money." --Publilius Syrus
"To rant and rave about the unsustainability of our fiscal policy when [China has] their own unsustainable monetary policy is a classic case of the pot calling the kettle black." --Robert Barbera, chief economist of ITG.
"Sincerity makes the very least person to be of more value than the most talented hypocrite." --Charles Spurgeon
"The financial system nearly collapsed because smart guys had started working on Wall Street." –an anonymous barstool financier to writer Calvin Trillin
"Give me a smart idiot over a stupid genius any day." --Samuel Goldwyn
"I'm tired of this discussion of capitalism and socialism; we live in the 21st century, we need an economic system that has democracy as its underpinnings and an ethical code." --Michael Moore
"The worst advertisement for Socialism is its adherents." --George Orwell
"We are heartened by early positive signs, such as the leveling of delinquencies among our credit card numbers." --Bank of America's (BAC) Ken Lewis after the company reported a $1 billion loss in the third quarter
"I'm an optimist, but an optimist who carries a raincoat." --Harold Wilson
"A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain." --Robert Frost
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