Markets as well as mobs respond to human emotions; markets as well as mobs can be inflamed to their own destruction.
More Quotes from Owen D. Young:
Government means politics, and interference by government carries with it always the implication of coercion. We may accept the expanding power of bureaucrats so long as we bask in their friendly smile. But it is a dangerous temptation. Today politics may be our friend and tomorrow we may be its victims.Owen D. Young
The world does not owe men a living, but business, if it is to fulfill its ideal, owes men an opportunity to earn a living.
Owen D. Young
We are not to judge thrift solely by the test of saving or spending. If one spends what he should prudently save, that certainly is to be deplored. But if one saves what he should prudently spend, that is not necessarily to be commended. A wise balance between the two is the desired end.
Owen D. Young
The man who can put himself in the place of other men, who can understand the workings of their minds, need never worry about what the future has in store for him.
Owen D. Young
When boasting ends, there dignity begins.
Owen D. Young
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