The way to stop financial joy-riding is to arrest the chauffeur, not the automobile.

The way to stop financial joy-riding is to arrest the chauffeur, not the automobile.

We estimate the wisdom of nations by seeing what they did with their surplus capital.

We estimate the wisdom of nations by seeing what they did with their surplus capital.

A holding company is a thing where you hand an accomplice the goods while the policeman searches you.

A holding company is a thing where you hand an accomplice the goods while the policeman searches you.

The pen is mightier than the sword, but no match for the accountant.

The pen is mightier than the sword, but no match for the accountant.

Modern man drives a mortgaged car over a bond-financed highway on credit-card gas.

Modern man drives a mortgaged car over a bond-financed highway on credit-card gas.

It sounds extraordinary but it’s a fact that balance sheets can make fascinating reading.

It sounds extraordinary but it’s a fact that balance sheets can make fascinating reading.

Financial sense is knowing that certain men will promise to do certain things, and fail.

Financial sense is knowing that certain men will promise to do certain things, and fail.

High finance isn't burglary or obtaining money by false pretenses, but rather a judicious selection from the best features of read more

High finance isn't burglary or obtaining money by false pretenses, but rather a judicious selection from the best features of those fine arts.

It is time that financial types developed a greater tolerance for imprecision, because that’s the way the world is.

It is time that financial types developed a greater tolerance for imprecision, because that’s the way the world is.