Only when the tide goes out do you discover who's been swimming naked.
quote by Warren Buffet
Showing posts with label crisis. Show all posts
Showing posts with label crisis. Show all posts
No depression in Los Angeles - 1933
Depression? We have no depression in Los Angeles; but I will admit that we are having the worst boom in many years.
quote by the president of the Los Angeles Chamber of Commerce when he was asked how the depression had hit Los Angeles, January 1933
quote by the president of the Los Angeles Chamber of Commerce when he was asked how the depression had hit Los Angeles, January 1933
Prosperity / recession
Prosperity is when people buy things they can't afford; recession is when they stop doing it.
quote by H. Martz
quote by H. Martz
Recession wisdom - 1933
Surely the ability to get laughter out of trivial things, under miserable conditions, is not an entirely worthless result of the depression.
I have little hope of getting started again in my former business,
so I can have the thrill of planning my future all over again.
Quote by Gordon Byron, December 1933
I have little hope of getting started again in my former business,
so I can have the thrill of planning my future all over again.
Quote by Gordon Byron, December 1933
Stop digging
When you're in a pit, the first thing to do is to stop digging.
quote by James Ellman, Seacliffe Capital
quote by James Ellman, Seacliffe Capital
Predicting the economic downturn
These economic downturns are very difficult to predict,
but sophisticated econometric modeling houses like Data Resources and Chase Econometrics have successfully predicted 14 of the last 3 recessions
but sophisticated econometric modeling houses like Data Resources and Chase Econometrics have successfully predicted 14 of the last 3 recessions
Recession or depression ?
It's a recession when your neighbor loses his job
it's a depression when you lose yours.
quote by Harry Truman
it's a depression when you lose yours.
quote by Harry Truman
Nixon on Crisis
The easiest period in a crisis situation is actually the battle itself.
The most difficult is the period of indecision -- whether to fight or run away.
And the most dangerous period is the aftermath.
It is then, with all his resources spent and his guard down, that an individual must watch out for dulled reactions and faulty judgment.
Richard Nixon
The most difficult is the period of indecision -- whether to fight or run away.
And the most dangerous period is the aftermath.
It is then, with all his resources spent and his guard down, that an individual must watch out for dulled reactions and faulty judgment.
Richard Nixon
Crisis
When written in Chinese, the word "crisis" is composed of two characters
one represents danger, and the other represents opportunity.
one represents danger, and the other represents opportunity.
Light at the end of the tunnel
Don’t wait for a light to appear at the end of the tunnel,
stride down there…
and light the bloody thing yourself.
Dara Henderson
stride down there…
and light the bloody thing yourself.
Dara Henderson
Downsizing
Firings used to be done with surgical cleanliness.
Today they call them 'downsizings' and they use a meat cleaver.
Harvey Mackay
Today they call them 'downsizings' and they use a meat cleaver.
Harvey Mackay
The causes of action - Cruyff
Sometimes something has to happen before something will happen.
Translated from Dutch: "Soms moet er iets gebeuren voordat er iets gebeurt"
Johan Cruyff
Translated from Dutch: "Soms moet er iets gebeuren voordat er iets gebeurt"
Johan Cruyff
Opportunities
A pessimist is one who sees a difficulty in every opportunity. An optimist is one who sees an opportunity in every difficulty.
If you know the author of this quote, please react.
If you know the author of this quote, please react.
Trust
Trust comes on foot, but leaves on horseback.
Johan Thorbecke
(heard at the Fortis information session August 18, 2008)
Johan Thorbecke
(heard at the Fortis information session August 18, 2008)
Subscribe to:
Posts (Atom)