Quotes & Sayings About Management Of Money

When the purse becomes empty, the mind becomes full of issues. — Ernest Agyemang Yeboah

Understanding the value of time is understanding the true essence of life — Sunday Adelaja

Harvard and Yale concentrated with venture capitalists that got the best calls and brainpower. Very few firms made most of the money, and they made it in just a few periods. Everyone else returned between mediocre and lousy. When returns happened, envy rippled through institutional money management. The amount invested in venture capital went up 10 times post-1999. That later money was lost very quickly. It will happen again. I don't know anyone who successfully resists this stuff. It becomes a new orthodoxy. — Charlie Munger

Ever see something in a store that you gotta have? How about those rainbow suspenders you wore only once? Prevent the "wish-I-hadn't"s by asking yourself these questions:

*Will I use it or wear it often?
*Will I use it or wear it a couple months from now?
*If I get it, will I have enough money for what I'm saving for?

If the answer to any of these questions is no, you might want to think twice. If you still aren't sure, try waiting a week to see if it has the same appeal. — Ingrid Roper

Today's Arab crisis is not one of money, men, morale, land or resources ... The real crisis is rather one of leadership, management and perennial egotism. — Mohammed Bin Rashid Al Maktoum

It's not about judging you, it's about changing your point of view. — Simone Milasas

Whether we make our own money or rely on someone else, many of us would rater pretend our financial matters don't exist. Or we hope they'll just take care of themselves somehow. My ex-husband was like that. He always said, "I bank by prayer. I go to the ATM and pray that money will come out. — Nancy Levin

The way in which we manage the business of getting and spending is closely tied to our personal philosophy of living. We begin to develop this philosophy long before we have our first dollar to spend; and unless we are thinking people, our attitude toward money management may continue through the years to be tinged with the ignorance and innocence of childhood. — Catherine Crook De Camp

I don't know about you, but where I went to school, Money Management 101 wasn't offered. Instead we learned about the War of 1812, which of course is something I use every single day. — T. Harv Eker

People love fast. When you're fast people think you're smart, think your products are of higher quality, think your management is of higher quality, think that you're worth more and they're willing to pay more money for it. So, I'm really big into speed. — Brian Tracy

I basically see two reasons for a going public: Glencore gets access to more money. It is a way of funding your business and to finance growth. Plus: You have more liquid shares. It is easier to leave the company and redeem your shares. The 'going public' may also be an exit strategy for the top management. — Marc Rich

As people strengthened their willpower muscles in one part of their lives - in the gym, or a money management program - that strength spilled over into what they ate or how hard they worked. Once willpower became stronger, it touched everything. — Charles Duhigg

A good list of questions to ask your advisor will include the following: Where will my money be held? Right answer: Somewhere else! Are you a broker? Right answer: No! Are you a dually registered advisor? Right answer: No! Do you or any affiliate have proprietary investments of any kind? Right answer: No! How are you compensated? Right answer: Total disclosure in writing and never make commissions on any investment product. What are the credentials of you and/or your team? Right answer: If planning is involved, a CFP is ideal to have on the team. What is your planning and investment management approach? Right answer: The firm should follow a coherent philosophy rather than a bunch of different strategies (unprincipled) and should follow an approach that does not involve market timing or active trading. — Peter Mallouk

Our culture has at its core the idea that more is better. Many of us design our lives around this belief. And yet the underlying qualities that truly affect happiness are not advanced one whit by having more material things. More peace of mind is gained by allowing ourselves to be satisfied with what we already have. More joy is not bought; it is found in our hearts. — Karen Ramsey

It is a certainty that Keegan would not have agreed to return unless Mike Ashley had committed to sanctioning a mammoth spending spree. The downside, which Keegan will soon discover, is the law of diminishing returns in a league that is now the richest in the world. The type of multi-million-pound investment that bankrolled the first Newcastle revival under Keegan is now two-a-penny. Buying success just isn't as easy as it used to be. The Premiership's paradox is that the more money there is, the more the art of management gains in value. — Pete Gill

Consider the situation: Money that was provided because of social networks rather than need; a project designed for prestige rather than to be used; a lack of monitoring and accountability; and an architect appointed for show by somebody with little interest in the quality of the work. The outcome is hardly surprising: a project that should never have been built was built, and built badly. — Tim Harford

Governments are deemed to succeed or fail by how well they make money go round, regardless of whether it serves any useful purpose. They regard it as a sacred duty to encourage the country's most revolting spectacle: the annual feeding frenzy in which shoppers queue all night, then stampede into the shops, elbow, trample and sometimes fight to be the first to carry off some designer junk which will go into landfill before the sales next year. The madder the orgy, the greater the triumph of economic management. — George Monbiot

I was an ambassador for Betway during the Rugby World Cup and at the moment I'm working as an ambassador for Artemis Investment Management. I also organised the first Rugby Aid in 2015. We had celebrities playing rugby against former England team players and raised a ton of money for Rugby For Heroes [a charity for former servicemen and women]. Only one celeb got crunched quite badly - Jaime Laing from Made in Chelsea ended up with cracked ribs. — Mike Tindall

I have accused L.B. Management of failing to report to me, and I've told L.B. Management the money is missing, and it could very well be embezzled. — Jeff Greene

For the existing enterprise, whether business or public-service institution, the controlling word in the term 'entrepreneurial management' is 'entrepreneurial'. For the new venture, it is 'management'. In the existing business, it is the existing that is the main obstacle to entrepreneurship. In the new venture, it is its absence. The new venture has an idea. It may have a product or a service. It may even have sales, and sometimes quite a substantial volume of them. It surely has costs. And it may have revenues and even profits. What it does not have is a 'business', a viable, operating, organized 'present' in which people know where they are going, what they are supposed to do, and what the results are or should be. But unless a new venture develops into a new business and makes sure of being 'managed', it will not survive no matter how brilliant the entrepreneurial idea, how much money it attracts, how good its products, nor even how great the demand for them. — Peter F. Drucker

The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But there is no historic record of responsible paper money management ... The record taken, as a whole is one of hyperinflation, devaluation and monetary chaos. — Henry Hazlitt

I have attended church regularly since I was less than a week old. I've listened to sermons about virtue, sermons against vice. I have heard about money, time management, tithing, abstinence, and generosity. I've listened to thousands of sermons. But I could count on one hand the number of sermons that were a simple proclamation of the gospel of Christ. — Rich Mullins

1. Project What is the project? Why is it unique? Why is the business needed? Why will customers love your product? 2. Partners Who are you? Who are the partners? What are your educational backgrounds? How much experience do you all have? How are you and your partners qualified to make the project a success? 3. Financing What is the total cost of the project? How much debt and how much equity is there? Are partners investing their own money? What is the investor's return and reward for their risk? What are the tax consequences? Who is your CFO or accounting firm? Who is responsible for investor communications? What is the investor's exit? 4. Management Who is running your company? What is their experience? What is their track record? Have they ever failed? How does their experience relate to your industry? Do you believe this is the strongest management team you can assemble? Can you pitch them with confidence? — Donald J. Trump

To waste time is to become wasted — Sunday Adelaja

If money management isn't something you enjoy, consider my perspective. I look at managing my money as if it were a part-time job. The time you spend monitoring your finances will pay off. You can make real money by cutting expenses and earning more interest on savings and investments. I'd challenge you to find a part-time job where you could potentially earn as much money for just an hour or two of your time. — Laura D. Adams

As much as I find the soulmate concept sappy and silly, I also understand its appeal. The soulmate promises an all-in-one solution. Find that one perfect person and you have - for starters - your best friend, your sexual partner, your comforter and caretaker, your cheerleader, your escort to every social function, your consultant on matters large and small, and the one and only teammate you will ever need in home management, money management, and vacation planning. And that list doesn't even include any of the potential coparenting possibilities. The soulmate mythology is the ultimate seduction: Find that one right person and all of your wishes will come true. — Bella DePaulo

I'll keep reducing my trading size as long as I'm losing My money management techniques are extremely conservative. I never risk anything approaching the total amount of money in my account, let alone my total funds. — Randy McKay

We only pay for what we admire, want and recognize as necessary, even when a cup of coffee is priced at the same value of a book that can change our entire future. — Robin Sacredfire

Be you in what line of life you may, it will be amongst your misfortunes if you have not time properly to attend to [money management]; for ... want of attention to pecuniary matters ... has impeded the progress of science and of genius itself. — William Cobbett

Psychology, trading tactics, and money management are the three pillars of success, but there is the fourth factor that ties them together. That factor - which integrates all others - is record-keeping. — Anonymous

Of course, it is not the employer who pays wages. He only handles the money. It is the product that pays wages and it is the management that arranges the production so that the product may pay the wages. — Henry Ford

We're creatures of habit when it comes to mobile contracts and the wires piping high-speed data into our homes. It's a pain to deal with transfers, installations, and customer service interactions, so we shrug and keep paying a premium. — Ian Lamont

No other ethnic group has even come close to matching the abilities and accomplishments of Jews. — H.W. Charles

The starting point of my career in money management in 1973-74 was the time of the only true bear market any living non-Japanese investor has seen in major markets. Equities, real estate, you name it, everyone got run over. — Paul Singer

Haven't you figured it out? Giving money away doesn't solve anything. Asking the zottarich to redeem themselves by giving money away acknowledges that they deserve it all, should be in charge of deciding where it goes. It's pretending that you can get rich without being a bandit. Letting them decide what gets funded declares the planet to be a giant corporation that the major shareholders get to direct. It says that government is just middle-management, hired or fired on the whim of the directors. — Cory Doctorow

If insurance companies paid for lifestyle-management classes, they would save huge sums of money. We need to see that alternative medicine is now mainstream. — Deepak Chopra

Recognize those times when it's best to do nothing. The weeks and months following a significant loss, including death, divorce, or the incapacitation of a loved one, are fraught with emotions. We typically do not make our best decisions under circumstances such as these. **Avoid the inclination to immediately put your house on the market** cash in all your savings, and move to the south of France, or trust the first person who comes along who says he or she can give you all the help you need. — Lois P Frankel

Dozens of days, experiences, and encounters have set me on a path I never dreamed possible. — Carlos Wallace

God will always respond to our responsible management of the riches we have received from Him with promotion and stability — Sunday Adelaja

I've worked since it was basically legal to work. I was a waitress on and off for eight years. I worked at Sears; I worked at Abercrombie folding clothes. My dad really instilled good money management habits, and I've saved 10 percent of my paycheck, every paycheck, since I was 15. — Rosanna Pansino

If you hate people and think human extinction is okay, then fuck it," Shotwell said. "Don't go to space. If you think it is worth humans doing some risk management and finding a second place to go live, then you should be focused on this issue and willing to spend some money. I am pretty sure we will be selected by NASA to drop landers and rovers off on Mars. Then the first SpaceX mission will be to drop off a bunch of supplies, so that once people get there, there will be places to live and food to eat and stuff for them to do. — Ashlee Vance

Money management has been a profession involving a lot of fakery - people saying they can beat the market, and they really can't. — Robert J. Shiller

TARP is funded by taxpayers, so there are many rules about how that money can and can't be used. The result: GM spends an awful lot of time checking in with the people who administer TARP over everything from hiring to executive compensation and management. For a global company, that adds up to a lot of distraction. — Edward Whitacre Jr.

The key activities are not to be found in books. They emerge from analysis of the specific enterprise. Two enterprises that to an outsider appear to be in an identical line of business may well end up defining their key activities quite differently. One, for instance, may put production in the centre; the other, customer service. Only two key activities are always present in any organization: there is always the management of people and there is always the management of money. The rest has to be determined by the people within looking at the enterprise and at their own jobs, values, and goals. — Peter F. Drucker

Today many American corporations spend a great deal of money and time trying to increase the originality of their employees, hoping thereby to get a competitive edge in the marketplace. But such programs make no difference unless management also learns to recognize the valuable ideas among the many novel ones, and then finds ways of implementing them. — Mihaly Csikszentmihalyi

Learning, like money, may be of so base a coin as to be utterly void of use; or, if sterling, may require good management to make it serve the purposes of sense or happiness. — William Shenstone

Every month when the bills came in, there was trouble. Mother seemed to have no great extravagances. But she loved pretty things. She had a passion for china, for instance. She saw hundreds of beautiful cups and saucers that it was hard to walk away from and leave. She knew she couldn't buy them, and mustn't, but every so often she did. No one purchase seemed large by itself, but they kept mounting up, and Father declared that she bought more china than the Windsor Hotel. — Clarence Day Jr.

I certainly do believe anyone engaged in the management of money should have a standard of measurement, and that both he and the party whose money is managed should have a clear understanding why it is the appropriate standard, what time period should be utilized, etc. — Warren Buffett

Ain't only three things to gambling: knowing the 60-40 end of the proposition, money management, and knowing yourself. — Puggy Pearson

The speed of your success is limited only by your dedication and what you're willing to sacrifice — Nathan W. Morris

another drawback is inadequate training. Management training on a regular basis is a sine-qua-non for good performance in management. The principles of management are basically the same as they involve men, money and materials. Applications vary slightly depending on the nature of what is being managed, at what level and for what purpose. New ideas, innovations and new practices may emerge from time to time which a manager needs to be conversant with. Otherwise he will be way behind or even obsolete. Training and exposure act as tonic for renewal and reshaping of a manager. There can be no adequate substitute for such training, interaction and exposure until one ceases to be an active manager. To think that once one is in management position, there is no further need for training through formal and informal interaction and exposure is, I believe, the height of folly. — Olusegun Obasanjo

You have to analyze your feelings as you trade to make sure that your decisions are sound. Your trades must be based on clearly defined rules. You have to structure your money management so that no string of losses can kick you out of the game. — Anonymous

If you've driven new cars all of your life, the term "used vehicle" may conjure up images of a dusty old beater with missing hubcaps and no A/C, dragging a clattering muffler down the boulevard. Yes, such cars exist, but I am not advocating that you buy one. Besides the embarrassment, there are also safety concerns and additional maintenance costs associated with clunkers. — Ian Lamont

The common feature of most of the successful people is, their talent is flexible to suit the needs of time. — Rajasaraswathii

Wealth is a planned result that requires productive work and dedication. The Tanakh says, "The plans of the diligent lead only to abundance; but all who rush in arrive only at want" (CJB, Proverbs 21:5). — H.W. Charles

The Management of money is, in much, the management of self. If heaven allotted to each man seven guardian angels, five of them, at least, would be found night and day hovering over his pockets. — Edward Bulwer-Lytton, 1st Baron Lytton

I spent a lot of money on booze, birds, and fast cars. The rest I just squandered. — George Best

Status symbols mean nothing to me, I am neither impressed by nor scared of money. — Dorethia Conner Kelly

Many times people living on street become source of inspirations. When in New Delhi often when your vehicle stops at red lights, small kids living on streets asking for money surrounds you & some of them with smiling face which makes me think if these people in this condition (when they are not even sure if they would get enough to eat today) can keep smiling face, can't I keep myself up during difficult time and this perspective often works. Subodh Gupta — Subodh Gupta

The start-up life kept me busy and surfaced the problem of not being able to stay on top of my personal finances, which led me to invent Mint. I was working 80-hour weeks, and had done enough preliminary work and research to know I had a big idea: To make money management effortless and automated. — Aaron Patzer

The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a funny business because on a net basis, the whole investment management business together gives no value added to all buyers combined. That's the way it has to work. Mutual funds charge two percent per year and then brokers switch people between funds, costing another three to four percentage points. The poor guy in the general public is getting a terrible product from the professionals. — John C. Bogle

From senior management that my customer would not get scalped, then everyone could win. Salomon would make a lot of money. My customer would make a little money (which, for a customer, was grand). And I would be a hero. If there was a single lesson I took away from Salomon Brothers, it is that rarely do all parties win. The nature of the game is zero sum. A dollar out of my customer's pocket was a dollar — Michael Lewis

Why, just a couple of economic seasons ago, was idle cash considered an indication of bad management or lazy management? Because it meant that management didn't have this money out at work ... Now look. Presto! A new fashion! Cash is back in! Denigrating liquidity has dropped quicker than hemlines. A management is now saluted if it has some cash, some liquidity, doesn't have to go to the money market at huge interest rates to get the wherewithal to keep going and growing. Along with Ben Franklin, my father and your father would understand and applaud this new economic fashion ... — Malcolm Forbes

The directors of such companies, however, being the managers rather of other people's money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own ... Negligence and profusion, therefore, must always prevail, more or less, in the management of the affairs of such a company. — Adam Smith

Richness is the output of lengthy years full of discipline, hard work, persistence and Self-Belief. — Rajasaraswathii

The history of government management of money has, except for a few short happy periods, been one of incessant fraud and deception. — Friedrich August Von Hayek

We [at Soros Fund Management] use options and more exotic derivatives sparingly. We try to catch new trends early and in later stages we try to catch trend reversals. Therefore, we tend to stabilize rather than destabilize the market. We are not doing this as a public service. It is our style of making money. — George Soros

graduates of elite American universities who had little sense of what they wanted to do with their lives. Some of them decided to get a job working for a Wall Street investment bank or management consultancy. If you don't know what your passion is or what you really want to do, they said, then "you might as well go to Wall Street and make a lot of money if you can't think of anything better to do."36 And I have heard similar comments from young graduates of selective colleges and universities. Nobody has ever taught them that what you do influences the kind of person you will become. — Leonard Sax

The typical mentality among the leadership of "less work for more money" is far too prevalent. Outstanding efforts by individual employees are frowned upon, because they give "management" a reason to expect better results without an increase in compensation. — Glenn Beck

According to Brian Uzzi, a management professor at Northwestern University, networks come with three major advantages: private information, diverse skills, and power. By developing a strong network, people can gain invaluable access to knowledge, expertise, and influence. Extensive research demonstrates that people with rich networks achieve higher performance ratings, get promoted faster, and earn more money. And because networks are based on interactions and relationships, they serve as a powerful prism for understanding the impact of reciprocity styles on success. — Adam M. Grant

How important are money management and finances in marriage and family affairs? Tremendously. The American Bar Association recently indicated that 89 percent of all divorces could be traced to quarrels and accusations over money. Another study estimated that 75 percent of all divorces result from clashes over finances. Some professional counselors indicated that four out of every five families wrestle with serious money problems ... — Jeffrey R. Holland

At the end of the day, taking 50% off a $250 dress still means walking out of the store $125 poorer. — Ian Lamont

Accepting our greatness means no longer playing small. It often starts with baby steps. But eventually it means making major changes - in our lives, jobs, relationships, and dreams.

If I had believed in my own self-worth, I would never have been willing to make the financial moves I made in the past.

If I'd known my value, I couldn't have spent so many years ignoring the whispering - and sometimes screaming - voice that told me to leave my marriage. For a long time, that truth was just too scary and painful for me to face. Talk about keeping my head in the sand!

But how many years did I waste, postponing what has proven to be a much better life - simply because I went into hiding and didn't see that I was worthy of something better? — Nancy Levin

I regard the amount of brainpower going into money management as a national scandal. When some idiot would get rich, they'd say, 'Well, old Charlie was out in the field playing the big brass tuba on the day it rained gold.' A lot of people have become rich lately who were playing the tuba on the day it rained gold. — Charlie Munger

If I owned any of these Hot New Issues that have doubled, tripled, quintupled or umptupled within days and in some cases hours after they were issued, I most certainly would grab my fabulous windfall, thank my lucky stars and invest the money. It's utter nonsense to think any newly issued stock is really worth two, ten or 20 times the [offering] price ... A management so stupid as to sell shares [cheap], and an underwriter so obtuse as not to discern the real value, together would provide reason enough for a sensible man to get rid of his shares. — Malcolm Forbes

I'm excited about silver because as I write, it's relatively inexpensive. I'm also excited about silver because
unlike real estate, which can require a lot of money, some finance skills, lots of due diligence and property management skills to do well
silver is affordable to the masses, and management skills are minimum. — Robert Kiyosaki

Pulpits today are full of preachers telling one-legged people to jump higher and run faster. Musician Rich Mullins once wrote, "I have attended church regularly since I was less than a week old. I've listened to sermons about virtue, sermons against vice. I have heard about money, time management, tithing, abstinence, and generosity. I've listened to thousands of sermons. But I could count on one hand the number [of sermons] that were a simple proclamation of the Gospel of Christ."4 — Tullian Tchividjian

A good way to figure out how likely it is that the directors are sucking money out of a company is to draw a chart with each director's name in a box. Read through the Management section, and each time you identify a professional or personal connection between two directors, connect their boxes with a line. If you also happen to know about other relationships between directors, for instance one director is married to the other director's daughter, or one director is an old college buddy of another director, you can draw a line in there as well. If, upon completion, the chart looks like a spider web then hold on to your wallet. — Peter Troob

Always make positive use of every second and minute — Sunday Adelaja

Time utilization and effectiveness is a major marker for success — Sunday Adelaja

Although some popular religious texts such as the New Testament, Quran, Bhagavad Gita, Tao Te Ching, or Tibetan Book of the Dead contain interesting insights and stories, it is the Jewish religious texts such as the Old Testament (Hebrew Scriptures) that contain valuable information on acquiring wealth. — H.W. Charles

Most financiers, corporate lawyers, lobbyists, and management consultants are competing with other financiers, lawyers, lobbyists, and management consultants in zero-sum games that take money out of one set of pockets and put it into another. — Robert Reich

Every unit of time that passes daily should be accounted for — Sunday Adelaja

Many respected economists and statesmen believe our national debt is neither unwieldy nor a dangerous burden on the country. The trouble is that a vast majority of the American people think otherwise ... It violates basic American ideas of thrift and money management. These strong public feelings cannot be ignored forever. — Mo Udall

You contribute much to your marriage by the wise, thrifty, diligent management and oversight of your part of the household budget. — Elizabeth George

The Tanakh teaches that, "The diligent will rule, while the lazy will be put to forced labor". Most Jews work for themselves and hire employees instead of being employees. — H.W. Charles

Muslim scholars have clarified that two basic conditions must be fulfilled for the acceptance of righteous deeds. Firstly, the intention must be to perform those deeds for Allah's sake alone, without any showing off or desire to gain praise or fame. Secondly, such deeds must be performed in accordance with the Sunnah of Allah's Messenger (sa) — Mohammad Rahman

The clever use of media (i.e., TV political ads, image creations and management) kept us from raising or even addressing major problems we face as a nation - our identity, our values, our role as a resource for peace rather than war, for justice rather than its miscarriages, for people rather than corporations, for decency rather than humiliation, and for democracy rather than "hypocracy." Martin Luther King, Jr., stated it well: A true revolution of values will soon look uneasily on the glaring contrast of poverty and wealth. With righteous indignation, it will look across the seas and see individual capitalists of the West investing huge sums of money in Asia, Africa and South America, only to take the profits out with no concern for the social betterment of the countries, and say: "This is not just. . . . — Anthony J. Marsella

Financial prosperity is impossible without constant planning and management of money. — Sunday Adelaja

Jews believe that people are creators, not consumers. The role of humans is to improve and perfect God's creations through work, creation, and innovation. — H.W. Charles

Some people argue that teaching children financial basics is the parents' job. However, this well-meant sentiment is what we're relying on now, and for all too many, it isn't working. In some families, financial illiteracy is passed on from generation to generation. Education takes place in the home, on the streets, and in the schools. Therefore, schools must bear some responsibility for teaching this skill. However, if you're raising children, remember that no one cares as much as you do or has as much ability to teach the important life skill of personal money management. — Eric Tyson

She wondered how she could have spent all that money and have nothing but clothes and accessories and a long list of men she never wanted to see again to show for it — Eleanor Brown

People who are distracted by door money, neglect the production and the audience. Money becomes their god. They sacrifice their reputation in favor of building revenue. Believe me; the former is more difficult to recover if lost. — Carlos Wallace

If you wish to get rich, save what you get. A fool can earn money; but it takes a wise man to save and dispose of it to his own advantage. — Brigham Young

Give yourself a set period of time to grieve and heal before focusing on financial matters. — Lois P Frankel

Planning is the essence of good management and when it comes to health care we must allow states to plan for future needs. We need to cement this federal commitment to Alaskans so the state has the assurance that money vital for providing Medicaid health care will not just dry up and disappear. — Lisa Murkowski

It's my guess that something like 5% of GDP goes to money management and itsattendant friction. I define it broadly - annuities, incentive pay, all trading, etc. Nobody else has used figures that high, but that's my guess. Worst of all, the people doing this are among the best and the brightest. Hundreds and thousands of engineers, etc. are going into hedge funds and investment banking. That is not an intelligent allocation of the brainpower of the civilization. — Charlie Munger

As you grow older, you become faced with the problem of what to with your time — Sunday Adelaja

In the two decades after I left, I waited for the end of Wall Street as I had known it. The outrageous bonuses, the endless parade of rogue traders, the scandal that sank Drexel Burnham, the scandal that destroyed John Gutfreund and finished off Salomon Brothers, the crisis following the collapse of my old boss John Meriwether's Long-Term Capital Management, the Internet bubble: Over and over again, the financial system was, in some narrow way, discredited. Yet the big Wall Street banks at the center of it just kept on growing, along with the sums of money that they doled out to twenty-six-year-olds to perform tasks of no obvious social utility. The rebellion by American youth against the money culture never happened. Why bother to overturn your parents' world when you can buy it and sell off the pieces? — Michael Lewis