Thin pickings in terms of thoughtful/amusing quotes this week — everyone must be on Christmas holidays already. But here are the few I have seen.
Fitch has downgraded six of the world’s largest banks (Bank of America, Goldman Sachs, Barclays, BNP Paribas, Deutsche Bank, Credit Suisse). Commenting they said the downgrades
reflected challenges faced by the sector as a whole, rather than negative developments in idiosyncratic fundamental creditworthiness.
[BBC News]
We are of course aware that kingdoms are governed and laws upheld primarily by prudence, fortitude, moderation and justice, and the other virtues which rules must strive to cultivate. But there are times when money can speed on sound and wise policies, and smooth out difficulties.
[Richard FitzNigel, Treasurer to King Henry II]
Finally two thoughts of unknown provenance …
Do not regret growing older. It is a privilege denied to many.
We never really grow up, we only learn how to act in public.