Loyalty means nothing unless it has at its heart the absolute principle of self-sacrifice.
Woodrow WilsonRead
The way to stop financial joyriding is to arrest the chauffeur, not the automobile.
Interpretation
To address financial issues, focus on the root cause rather than just the symptoms.
This quote by Woodrow Wilson emphasizes the importance of addressing the underlying problems in financial matters rather than simply dealing with their effects. Financial 'joyriding' signifies the reckless and irresponsible use of resources, and by suggesting that the chauffeur, who represents the decision-maker or manager, should be held accountable, Wilson advocates for a more thoughtful and responsible approach to financial governance.
In practice
In a financial literacy workshop to emphasize accountability in personal finance.
Loyalty means nothing unless it has at its heart the absolute principle of self-sacrifice.
Since trade ignores national boundaries and the manufacturer insists on having the world as a market, the flag of his nation must follow him, and the doors of the nations which are closed against him must be battered down. Concessions obtained by financiers must be safeguarded by ministers of state, even if the sovereignty of unwilling nations be outraged in the process. Colonies must be obtained or planted, in order that no useful corner of the world may be overlooked or left unused.
The history of liberty is the history of limitations on the power of government, not the increase of it. When we resist, therefore, the concentration of power, we are resisting the processes of death, because concentration of power is what always precedes the destruction of human liberties.
We grow great by dreams. All big men are dreamers.
Once lead this people into war, and they'll forget there ever was such a thing as tolerance. To fight, you must be brutal and ruthless, and the spirit of ruthless brutality will enter into the very fiber of our national life, infecting Congress, the courts, the policeman on the beat, the man in the street.
The only use of an obstacle is to be overcome. All that an obstacle does with brave men is, not to frighten them, but to challenge them.
There is no practice more dangerous than that of borrowing money
I think it’s important to have a good hard failure when you're young. I learned a lot out of that. Because it makes you kind of aware of what can happen to you. Because of it I’ve never had any fear in my whole life when we’ve been near collapse and all of that. I’ve never been afraid. I’ve never had the feeling I couldn’t walk out and get a job doing something.
Nothing makes one old so quickly as the ever-present thought that one is growing older.
A well-worn adage advises those who set out upon a great enterprise to count the cost, yet some of the greatest enterprises have succeeded because the people who undertook them did not count the cost.
I don't write a book so that it will be the final word; I write a book so that other books are possible, not necessarily written by me.
Faced with information overload, we have no alternative but pattern-recognition.
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