“The reality is that business and investment spending are the true leading indicators of the economy and the stock market. If you want to know where the stock market is headed, forget about consumer spending and retail sales figures. Look to business spending, price inflation, interest rates, and productivity gains.”
“Fraud is common when you give away billions. Fraud related to Hurricane Katrina spending is estimated to top $2 billion. In addition, debit cards provided to hurricane victims were used to pay for Caribbean vacations, NFL tickets, Dom Perignon champagne, 'Girls Gone Wild' videos, and at least one sex change operation.”
“The triumph of persuasion over force is the sign of a civilized society.”
“Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure. A centrally planned totalitarian state represents a complete defeat for the civilized world, while a totally voluntary society represents its ultimate success.”
“Balance in life is the key, as Aristotle taught us. Nobody likes a naive Pollyanna, but neither do we like to be around people who are constantly complaining and finding fault.”
“We shall never change our political leaders until we change the people who elect them.”
“For those of us in the financial world, Black Friday has a strong negative connotation, referring to a stock market catastrophe.”
“In my lifetime, as a younger man, you were assumed to be an honest person. Your word was your bond, and a handshake was as good as a contract in business.”
“Bill Gates and Warren Buffett have their 'Giving Pledge,' where billionaires promise to give away the majority of their wealth when they die. My Social Security Pledge is better - to give money to good causes when you are alive. Besides, more Americans can participate.”
“You can give your Social Security check to any organization, public or private, or to individuals. You can donate it to your favorite political party. You can give the funds to a student scholarship - for your grandchildren, for example - or to somebody who has a medical need. Or you can invest your government check in free enterprise.”