Maurice Allais quote

In principle, junk bonds are basically useful, but they are used excessively and irrationally, notably in takeovers.
Maurice Allais
Maurice Allais
Maurice Allais
Born: May 31, 1911
Died: Oct 9, 2010

Topics

Excess, Principle, Junk, Used, Useful, Basically, Bonds

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Adam Smith, Alan Greenspan, E. F. Schumacher, John Kenneth Galbraith, John Maynard Keynes, Milton Friedman, Paul A. Volcker, Thomas Sowell
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Everything in excess is opposed to nature. Hippocrates
Nature Everything Excess Opposed
The road of excess leads to the palace of wisdom. William Blake
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I never smoke to excess - that is, I smoke in moderation, only one cigar at a time. Mark Twain
Time Only Excess Never Smoke Moderation
Where an excess of power prevails, property of no sort is duly respected. No man is safe in his opinions, his person, his faculties, or his possessions. James Madison
Property Man Power Respected Possessions Prevails Excess Faculties Safe Sort Opinions His Person Where
For there is no defense for a man who, in the excess of his wealth, has kicked the great altar of Justice out of sight. Aeschylus
Great Man Justice Wealth Defense Kicked Sight Out Excess Altar His Who
Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience. Adam Smith
Virtue Feared More Excess Because Subject Than Vice Regulation Conscience
Use, do not abuse... neither abstinence nor excess ever renders man happy. Voltaire
Man Happy Neither Excess Abstinence Abuse Nor Use Ever
Moderation is a fatal thing. Nothing succeeds like excess. Oscar Wilde
Nothing Excess Like Moderation Succeeds Thing Fatal
Political extremism involves two prime ingredients: an excessively simple diagnosis of the world's ills, and a conviction that there are identifiable villains back of it all. John W. Gardner
World Simple Political Conviction Back Extremism Excess Prime Involves Diagnosis Ingredients Ills Villains Two
As scarce as truth is, the supply has always been in excess of the demand. Josh Billings
Truth Truth Is Scarce Excess Supply Demand Always Been

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