You can't give the average Wall Street CEO really lenient standards of accounting and expect the figures to be good. The accountant is like the referee in soccer. The accountant has to be the adult that prevents the mayhem. Accountants don't want to be the adults because it causes liability, it causes responsibility, it causes difficulty ... they failed us terribly.
Charlie MungerRelated topics
adult difficulty expect good mayhem referee street wall soccer ceoRelated quotes
The essential is the object. Error consists in forgetting that grain, cotton, wool are vital objects and in being interested in them only because of their value in gold, their speculative value. The economic purpose is not 'to make millionaires out of gasoline' but to distribute gasoline according to demand and need. [Wall street] is an abstraction.
Fernand Léger
I know it wasn't the dinner wine that had me against the wall in a fit of remorse. It was the thought of my mother being so lonesome she had to sit on a street bench, so lonesome she missed the company of a homeless shopping bag woman. Even in the bad days in Limerick she always had an open hand and an open door and why couldn't I be like that to her?
Frank McCourt
Wall Street, corporations, and the super-rich, should finally pay their fair share of taxes. That's why I support the so-called ‘Buffett Rule,' because multi-millionaires should not be able to pay a lower tax rate than their secretaries. We should also add a new tax on multi-millionaires, crack down on tax gaming by corporations and close the carried interest loophole.
Hillary Clinton
I define a 'good person' as somebody who is fully conscious of their own limitations. They know their strengths, but they also know their 'shadow' - they know their weaknesses. In other words, they understand that there is no good without bad. Good and evil are really one, but we have broken them up in our consciousness. We polarize them.
John Bradshaw
The average American is just like the child in the family. You give him some responsibility and he is going to amount to something. He is going to do something. If, on the other hand, you make him completely dependent and pamper him and cater to him too much, you are going to make him soft, spoiled and eventually a very weak individual.
Richard Nixon