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"In the early 1990s, when a lot of the developing world opened up to international capital flows... they ended up in very good long-term projects, but projects that weren't going to pay off for five or 10 or 20 years."
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"When buying shares, ask yourself, would you buy the whole company?"
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Personal Development
"The only difference, apart from heaps of cash, between someone who is wealthy and someone who is poor is having the right mindset and attitude."
Author Name
Personal Development
"Creditor. One of a tribe of savages dwelling beyond the Financial Straits and dreaded for their desolating incursions."
Author Name
Personal Development
"If we were not impressed by job titles, suits, and jargon, we would demand that financial advisors show us their personal bank statements before they tell us what we could or should do with our own money."
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Personal Development
"Debt is a bottomless sea."
Author Name
Personal Development
"Many critics of the Palestinians, especially those in Congress, think the current calm is merely the eye of the storm. That's why the House of Representatives approved a foreign aid package last week that forbade the direct financial assistance to the Palestinian Authority ."
Author Name
Personal Development
"Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It's a trap for the rest of your life because the laws are designed so that you can't get out of it. If a business, say, gets in too much debt, it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy."
Author Name
Personal Development
"The rest of the world wants our cash; we like plastic."
Author Name
Personal Development
"The thing is, I don't believe in most of what's done. The amount of financial and imaginative energy that's put into mediocrity is just amazing which I find to be fundamentally offensive as a human being."
Author Name
Personal Development
"The Russian drama began at the end of 1991, when the Soviet Union mercifully ended. Russia and 14 other new countries emerged from the ruins of the Soviet Union. Every one of those 15 new states faced a profound historical, economic, financial, social and political challenge."
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Personal Development
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"We're going to have to forgive a great deal of the Soviet era debt. There's no question about that. Let's face up to that. We're going to have to put in money if Russia is really going to consolidate a democracy."
Money
"White House and State Department foreign-policy experts are overwhelmingly directed towards military and diplomatic issues, not development issues."
Development
"In my view, there is an urgent need to communicate with the public and help to explain where there is consensus, and where are there doubts about the issues of sustainable development."
Development
"Despite a decade of criticism and budget cuts, the specialised UN agencies have far more expertise and hands-on experience than any other organisations in the world."
Experience
"The essence of Africa's crisis is fundamentally its extreme poverty."
Crisis
"I think the IMF helped to detonate the Indonesian crisis."
Crisis
"We had a booming stock market in 1929 and then went into the world's greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst, and then we enter depression? Well, some things are not different."
Economy
"The Russian drama began at the end of 1991, when the Soviet Union mercifully ended. Russia and 14 other new countries emerged from the ruins of the Soviet Union. Every one of those 15 new states faced a profound historical, economic, financial, social and political challenge."
Finance
"We, being the Western world, wouldn't let Russia off the hook on debt. So there were demands on debt servicing in the early days until they ran out of reserves. There was no real aid program, just a fictional aid program."
Being
"The longer you wait, the less fun. If you wait until the bitter end, the whole economy can be destroyed."
Economy
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