Wisdom Quotes

"Wealth without wisdom leads to its own destruction."

"Business success requires understanding both supply and human nature."

"The study of economics illuminates the choices that shape our world."

"The market economy harnesses self-interest for the common benefit."

"The economy serves human purposes and must be judged by human values."

"The masses do not reason; they feel and believe."

"The wise man adapts himself to circumstances as water molds itself to the pitcher."

"Wisdom is knowing which battles to fight."

"Predatory habits of thought distinguish the businessman from the artisan."

"Habits of thought formed in one era persist long after their utility expires."

"Habitual patterns of thought persist even when consciously recognized as absurd."

"Don't worry about what you can't control. Focus on what you can."

"Don't optimize prematurely."

"Simplicity is elegance."

"Good enough is often better than perfect."

"Learn from your mistakes."

"Write to clarify your thinking."

"Listen more than you speak."

"Make decisions with incomplete information."

"Wealth without purpose is empty."

"The man who is primarily interested in his own well-being is in a better position to serve the well-being of others."

"Rational behavior presupposes a well-integrated personality and well-integrated social institutions."

"The true problems of existence are always and only: How much have you sacrificed to your view of life? Or are you also among those who want to have their cake and eat it too?"

"Economic performance alone cannot raise the standard of living unless it is accompanied by cultural and moral development."

"Knowledge without action is mere entertainment."

"Thestandard of living depends not on wealth alone, but on how that wealth is distributed and used."

"Every economic act has social and cultural consequences that extend far beyond market transactions."

"What is called progress often contains the seeds of future decline."

"What appears to be capitalism's greatest weakness—its instability—is actually the source of its vitality."

"Economic growth alone cannot sustain a civilization without corresponding moral and intellectual development."