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— Austin O'Malley"Learned men fall into error oftenest by mistaking knowledge for wisdom."
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High leverage is unsafe, not just for a company but the entire economy... LBOs are reducing the safety. Management loses the power to do many things. It has no margin for error and less margin for additional risk.
— Franco Modigliani
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Your heart is as fresh as your face; and that is well. The useless men are those who never change with the years. Many views that I held to in my youth and long afterwards are a pain to me now, and I am carrying away from Thrums memories of errors into which I fell at every stage of my ministry. When you are older you will know that life is a long lesson in humility.
— James M. Barrie
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