Cash Quotes (2 quotes)
No other subject has such clear-cut or unanimously accepted standards, and the men who are remembered are almost always the men who merit it. Mathematical fame, if you have the cash to pay for it, is one of the soundest and steadiest of investments.
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. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivitiesthat is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the futurewill eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. Theres a problem, though: They are dancing in a room in which the clocks have no hands.