Dr. Babasaheb Ambedkar: Fundamental rights

English: Dr. Ambedkar as Barrister after he wa...

Dr. Ambedkar as Barrister after he was conferred the Honour. (Photo credit: Wikipedia)

“If a person who is unemployed is offered a choice between a job of some sort, with some sort of wages, with no fixed hours of labour and with an interdict on joining a union and the exercise of his right to freedom of speech, association, religion, etc., can there be any doubt as to what his choice will be? The fear of starvation, the fear of losing a house, the fear of losing savings if any… are factors too strong to permit a man to stand out for his Fundamental Rights.”
—Dr. Babasaheb Ambedkar.

Christopher Dodd: Legislation

WASHINGTON - SEPTEMBER 22:  Senate Banking Com...

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“We can’t legislate wisdom or passion. We can’t legislate competency. All we can do is create the structures and hope that good people will be appointed who will attract other good people.”

Senator Christopher Dodd, trying to justify the expanded discretionary power given to regulators to constrain excesses in the financial services industry.

Warren Buffett: Unwisely retained

Bonds and Dividends

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“Since the long-term corporate outlook changes only infrequently, dividend patterns should change no more often. But over time distributable earnings that have been withheld by managers should earn their keep. If earnings have been unwisely retained, it is likely that managers, too, have been unwisely retained.” – Warren Buffett

Unknown: Tax on the poor

Inflation is a tax on the poor.

Warren Buffett: Large doses of effortless money

Warren Buffett with Fisher College of Business...

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“The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money.” Warren Buffett

Jim Collins: Great nation

In Search of Light

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If we only have great companies, we will merely have a prosperous society, not a great one. Economic growth and power are the means, not the definition, of a great nation.

– Jim Collins