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Quote of the Day (September 20, 2008)

September 20, 2008

Quotemarks"Innovations are like genetic mutations. Most of them are mistakes. Most fail. Old people tend to reject new ideas, new styles, and new things. What the oldsters know -- from experience -- is that the new tricks are probably not worth learning. What we have around us are only the innovations that succeeded. Companies, products, ideas, governments, clubs, styles -- all that we see are the successful ones. The unsuccessful innovations -- thousands and thousands of them -- all disappeared...."

-- Bill Bonner and Addison Wiggon, Empire of Debt: The Rise of an Epic Financial Crisis

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Quote of the Week

  • "[L]et me assert my firm belief that the only thing we have to fear is...fear itself — nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance...."

    — Franklin D. Roosevelt, 32nd president of the United States

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