There are no elements so diverse that they cannot be joined in the heart of a man.
Jean GiraudouxRead
A stock certificate is not a tool, like a shovel, or a commodity, like a pound of cheese. What we sell a customer is not a share in a business, but a view of the Elysian Fields. A financier is a creative artist. Our function is to stimulate the imagination. We are poets!
Interpretation
The quote emphasizes the creative and imaginative aspects of finance rather than viewing it purely as a transactional tool.
Jean Giraudoux suggests that the essence of finance transcends mere transactions; it is about inspiring and painting a vision for clients. By likening financiers to poets, he highlights the importance of creativity and imagination in the world of financial services, suggesting that they offer not just shares in a business but a perspective on greater possibilities and dreams.
In practice
This quote can be used in a financial seminar to inspire students about the creative side of finance.
There are no elements so diverse that they cannot be joined in the heart of a man.
When a grown man reaches forty, we change him for an old one. He has completely disappeared. There's only the most superficial resemblance between the two of them. Nothing is handed on from one to the other.
Everyone, when there's war in the air, learns to live in a new element: falsehood.
It's odd how people waiting for you stand out far less clearly than people you are waiting for.
It would be better if only the old men fought the wars. Every country is the country of youth. When its youth dies, it dies with them.
A man has only one way of being immortal on earth: he has to forget he is a mortal.
The miracle of compounding returns has been overwhelmed by the tyranny of compounding costs.
While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster
Debt collectors like to play on your emotions because they think you'll give in and do something you can't really afford to do. Most of them don't care about you or your situation as long as they get some money.
Investing is forgoing consumption now in order to have the ability to consume more at a later date.
When growth is slower-than-expected, stocks go down. When inflation is higher-than-expected, bonds go down. When inflation is lower-than-expected, bonds go up.
Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.
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