Quotes of All Topics . Occasions . Authors
People dont pay attention until they have to
At a certain point, you can't tax people beyond a certain level.
It's amazing what you can accomplish if you simply refuse to quit.
The history of the Erie Railroad ever since 1901 has been a record of progress
The history of the Erie Railroad ever since 1901 has been a record of progress.
There's not a doubt in my mind that you will see a spate of municipal-bond defaults.
The railroad originally was as completely dissociated from steam propulsion as was the ship
The railroad originally was as completely dissociated from steam propulsion as was the ship.
You're either making money or you're not. If you're not making money get out of the business.
Horses and mules, and even sail cars, made more rapid progress than did the earliest locomotive.
Every day things get better because politicians are addressing the fiscal challenges more aggressively.
While no one railroad can completely duplicate another line, two or more may compete at particular points
While no one railroad can completely duplicate another line, two or more may compete at particular points.
People knew that Murdoch's media estate in the UK was too powerful and it was doing very unpleasant things.
And I don't want my assets to be stuck inside a banana republic in the midst of a huge socialist experiment.
With the reorganization of 1898 finished, the Baltimore and Ohio Railroad entered a new period in its history.
You have to know what you own. You have to really do your homework in terms of knowing what supports your bonds.
Many coal-fired power plants are being decommissioned or switched over to natural gas, but that takes a long time.
The yuan is actually a very attractive currency and will prove to be very reliable-much more so than the U.S. dollar.
There is a belief, at least on the part of the American people, that they can borrow money forever without consequence.
Municipal debt outstanding doubled in the past 10 years. And in the past 30 years, the U.S. has been in real economic nirvana.
Currency regimes in the past were always destroyed by volatility. So sooner or later, people desire a currency that is stable.
I didn't understand anything about fracking or horizontal drilling until about 2010, when I first learned about the Eagle Ford.
Stock price multiples are negatively correlated with real interest rates. As interest rates rise, the market multiple will fall.
The more we can do to address fiscal austerity, the better our markets will do, and there is a real political shift to doing that.
You can make great money in a utility type of business by borrowing cheaply and lending sensibly but that's not what's being done.
I was very bearish on natural gas for many years, pretty much from 2006 on. There was a tremendous natural gas bubble in the United States.
You can survive your income falling if it's not dramatic. Your income can decrease for a long time before you start living beyond your means.
The United States as we know it today is largely the result of mechanical inventions, and in particular of agricultural machinery and the railroad.
Any country whose currency is used as a reserve enjoys tremendous benefits because those currencies gain a significant discount to financing costs.
Consequently many large railroad systems of heavy capitalization bid fair to run into difficulties on the first serious falling off in general business
Great men are usually the products of their times and one of the men developed by these times takes rank with the greatest railroad leaders in history.
In the United States three new methods of transportation made their appearance at almost the same time - the steamboat, the canal boat, and the rail car
Consequently many large railroad systems of heavy capitalization bid fair to run into difficulties on the first serious falling off in general business.
In the United States three new methods of transportation made their appearance at almost the same time - the steamboat, the canal boat, and the rail car.
By buying off the bottom in the real estate markets, I'm doing the best I can to protect myself from any future calamity. Time will tell whether it will work.
There are great municipal investments out there, but on a blanket basis you have to be really careful about knowing what cash flows are supporting your investments.
As the contest proceeded, public interest increased and the entire country watched to see which company would win the big government subsidies through the mountains.
It's not hard to generate a paper fortune in a huge inflation. All you have to do is own the most important economic assets: energy, communication, and transportation.
In the decade before the Civil War various north and south lines of railway were projected and some of these were assisted by grants of land from the Federal Government
In the decade before the Civil War various north and south lines of railway were projected and some of these were assisted by grants of land from the Federal Government.
The financial history of the Baltimore and Ohio since the close of the nineteenth century is interesting chiefly in connection with changes in the control of the property
The financial history of the Baltimore and Ohio since the close of the nineteenth century is interesting chiefly in connection with changes in the control of the property.
Measuring the oil industry in dollars gives you a very warped view. Pick a sound currency such as Swiss francs or gold grams and look at the oil business through that lens.
Stocks actually can be a very good hedge against inflation, and short of hyperinflation, stocks will have the ability to increase their dividends to match the rise in prices.
You know that Mexico has enormous natural gas reservoirs that have yet to be tapped and the technology for tapping these alternative reservoirs continually needs to get better and better.
When the scheme for the construction of a railroad from Baltimore to the waters of the Ohio River first began to take form, the United States had barely emerged from the Revolutionary period
I'm happy to make returns of 4% to 6% a year on my real estate portfolio. If inflation comes along I'll be able to increase rent and have capital appreciation roughly in line with inflation.
The construction of extensive railways, however, and particularly the consolidation of small, experimental lines into large systems, dates from the days of the discovery of gold in California
When the scheme for the construction of a railroad from Baltimore to the waters of the Ohio River first began to take form, the United States had barely emerged from the Revolutionary period.