Thursday, October 16, 2008

wisdom from 1841

"Money ... has often been a cause of the delusion of multitudes. Sober nations have all at once become desperate gamblers, and risked almost their existence upon the turn of a piece of paper. To trace the history of the most prominent of these delusions is the object of the present pages. Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” -Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds

"We need to get back to thinking about how, not just how much."


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