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.

Derivatives are financial weapons of mass destruction.

Derivatives are financial weapons of mass destruction.

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.

A financier is a pawn-broker with imagination.

A financier is a pawn-broker with imagination.

Literature was formerly an art and finance a trade; today it is the reverse

Literature was formerly an art and finance a trade; today it is the reverse

There is no such thing as an innocent purchaser of stocks.

There is no such thing as an innocent purchaser of stocks.

Finance, like time, devours its own children.

Finance, like time, devours its own children.

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.

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.