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— Margaret Thatcher"Gentlemen, if we don't cut spending we will be bankrupt. Yes, the medicine is harsh, but the patient requires it in order to live. Should we withhold the medicine? No. We are not wrong. We did not seek election and win in order to manage the decline of a great nation."
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The standard of living of the average American has to decline.
— Paul Volcker
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The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage.
— Benjamin Graham
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