James Chanos Quotes
What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself - a rental property, office building, condo - does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price.
Quotes to Explore
-
Any child knows that history can only be a reduced representation of reality, but it must be a true one, not distorted by queer lenses.
-
I know how to wrap my turban a little better now. In the beginning, it was a little weird.
-
Space exploration is important research to our economic and national defense, and America's space program is a symbol of our success as a scientifically and technologically advanced nation.
-
With every story that TV covers, somebody - some corporation, some shareholders - are making money. That's true whether covering Libya, Iraq, the tsunami in Japan, Osama bin Laden, whatever story there is. That day, the shareholders are making money off it. Every newspaper that's sold, somebody's making a dime.
-
We need an unambiguous rule - a law - that nobody will step between the publisher and the consumer, full stop.
-
I set a goal for myself everyday when I write - 10 pages a day - and it's much harder because I'm too dumb to turn off my Twitter and everything so it's always on and it's a real distraction. It's a major distraction.
-
I've been very physical my whole life. I went out hiking and camping for days in the Australian forest, and when I trained at drama school for three years, we did a whole lot on stage-fighting techniques. And I was a dancer from 5 to 18, so I have a memory for choreography.
-
I'm a loner.
-
The consequences of a collapse would not be pretty. Whichever country precipitated it - Germany by threatening to abandon the euro, or Greece or Spain by actually doing so - would trigger economic chaos and incur its neighbours' wrath.
-
When my family fell apart, it was such a troubled part of my life... I think I could understand what I was going through, but I didn't have the vocabulary for it.
-
So I have cultivated the vast garden of human experience which is history, without troubling myself overmuch about laws, essential first causes, or how it is all coming out.
-
I think whenever you come in, whenever you try to evolve a company, people will get nervous. But, if you articulate a clear vision, a clear mission to help them understand their roles in it and ask them to buy into the system, everyone will band together to make it happen.
-
Love can't be pinned down by a definition, and it certainly can't be proved, anymore than anything else important in life can be proved.
-
The broad-backed hippopotamusRests on his belly in the mud;Although he seems so firm to usHe is merely flesh and blood.
-
I'm going to end a life that I thought could contain every kind of greatness but that in fact consisted only of my incapacity to really want to be great. Whenever I arrived at a certainty, I remembered that those with the greatest certainties are lunatics.
-
Imagine if all of life were determined by majority rule. Every meal would be a pizza. Every pair of pants, even those in a Brooks Brothers suit, would be stone-washed denim. Celebrity diet and exercise books would be the only thing on the shelves at the library. And - since women are a majority of the population - we'd all be married to Mel Gibson.
-
Haitians weren't screwed-up, but everything political, intellectual, and material around them is.
-
There are things you want to do, but you can't really look at the future. You don't know how much there is.
-
I do read all my work aloud as I'm working - this has made it a little hard to adjust to my husband's retirement. I can shout the shouty parts if I'm alone in the house, but of course, I feel a fool if someone is there to hear me.
-
There's nineteen men livin' in my neighborhood, Eighteen of them are fools and the one ain't no doggone good.
-
I've always been extremely physically active.
-
The available supply of gold and silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money intrinsic value that may come into use.
-
What we define as a bubble is any kind of debt-fueled asset inflation where the cash flow generated by the asset itself - a rental property, office building, condo - does not cover the debt incurred to buy the asset. So you depend on a greater fool, if you will, to come in and buy at a higher price.
