I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
More Quotes from Alan Greenspan:
While these forms of protection have often been imposed under the label of promoting so-called 'fair trade,' oftentimes they are just simple guises for inhibiting competition.Alan Greenspan
For the moment, the broadly unanticipated behavior of world bond markets remains a conundrum .
Alan Greenspan
The world of antitrust is reminiscent of Alices Wonderland everything seemingly is, yet apparently isnt, simultaneously. It is a world in which competition is lauded as the basic axiom and guiding principle, yet 'too much' competition is condemned as 'cutthroat.' It is a world in which actions designed to limit competition are branded as criminal when taken by businessmen, yet praised as 'enlightened' when initiated by the government. It is a world in which the law is so vague that businessmen have no way of knowing whether specific actions will be declared illegal until they hear the judges verdict after the fact.
Alan Greenspan
Over the past decade, the U.S. economy has benefited from a remarkable acceleration of productivity. But experience suggests that such rapid advances are unlikely to be maintained in an economy that has reached the cutting edge of technology.
Alan Greenspan
History has demonstrated that implicit in any removal of power from central planners and broadening of market mechanisms -- as would occur under WTO -- is a more general spread of rights to individuals,
Alan Greenspan
Issuance of equity and of bonds by lower-rated corporations has come virtually to a halt -- even investment-grade companies have cut back substantially on their borrowings,
Alan Greenspan
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Down below the broad, roaring waves of the sea break against the deep foundation of the rock. But high above the mountain, the sea, and the peaks of rock the eternal ornamentation blooms silently from the dark depths of the universe.
Rudolf Otto
I heard a definition once: Happiness is health and a short memory! I wish I'd invented it, because it is very true.
Audrey Hepburn
If only I was as eloquent as Demosthenes, I would have to do no more than repeat a single word three times.
Johann G. Hamann