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Financial Knowledge Quotes

This crisis exposed very significant problems in the financial systems of the United States and some other major economies. Innovation got too far out in front of the knowledge of risk Picture Quote #1

The prevailing - and foolish - attitude is that a good manager can be a good manager anywhere, with no special knowledge of the production process he’s managing. A man with a financial background may know nothing about manufacturing shoes or cars, but he’s put in charge anyway Picture Quote #1

Schools still operate as if all knowledge is contained in books, and as if the salient points in books must be stored in each human brain - to be used when needed. The political and financial powers controlling schools decide what these salient points are Picture Quote #1

Risk models are a substitute for historical knowledge, because they tend to work with just three years’ worth of data. But three years is not a long time in financial history Picture Quote #1

Just because scientists have the knowledge to do it, the technology to do it, and some may even have a financial motive or other incentive to do it, does not make it right Picture Quote #1

People without financial knowledge, who take advice from financial experts are like lemmings simply following their leader. They race for the cliff and leap into the ocean of financial uncertainty, hoping to swim to the other side Picture Quote #1

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Not teaching your kids about money is like not caring whether they eat. If they enter the world without financial knowledge, they will have a much harder go of it Picture Quote #1

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This crisis exposed very significant problems in the financial systems of the United States and some other major economies. Innovation got too far out in front of the knowledge of risk (Financial Knowledge Quotes) The prevailing - and foolish - attitude is that a good manager can be a good manager anywhere, with no special knowledge of the production process he’s managing. A man with a financial background may know nothing about manufacturing shoes or cars, but he’s put in charge anyway. (Financial Knowledge Quotes) Schools still operate as if all knowledge is contained in books, and as if the salient points in books must be stored in each human brain - to be used when needed. The political and financial powers controlling schools decide what these salient points are. (Financial Knowledge Quotes) Risk models are a substitute for historical knowledge, because they tend to work with just three years’ worth of data. But three years is not a long time in financial history. (Financial Knowledge Quotes) Just because scientists have the knowledge to do it, the technology to do it, and some may even have a financial motive or other incentive to do it, does not make it right (Financial Knowledge Quotes) People without financial knowledge, who take advice from financial experts are like lemmings simply following their leader. They race for the cliff and leap into the ocean of financial uncertainty, hoping to swim to the other side (Financial Knowledge Quotes) Not teaching your kids about money is like not caring whether they eat. If they enter the world without financial knowledge, they will have a much harder go of it (Financial Knowledge Quotes)