Roger Lowenstein Quotes

#1. The book is worth reading, in part because it is enjoyable to read of
other people's folly, not to mention their avarice and stupidity."
Roger Lowenstein, reviewing "Devil Take the Hindmost: a History
of Financial Speculation", WSJ 6-1-99

Roger Lowenstein

#2. In seventy years, Russia's Communists had not succeeded in dealing markets such a telling blow as did its deadbeat capitalists.

Roger Lowenstein

#3. Buffett's genius was largely a genius of character - of patience, discipline, and rationality.

Roger Lowenstein

#4. Buffett found it 'extraordinary' that academics studied such things. They studied what was measurable, rather than what was meaningful. 'As a friend [Charlie Munger] said, to a man with a hammer, everything looks like a nail.

Roger Lowenstein

#5. Imagine the big rating agencies as three competitive saloons standing side by side, with each free to set its own drinking age. Before long, nine-year-olds would be downing bourbon

Roger Lowenstein

#6. Graham's first goal was never to make money - it was to avoid losing any.

Roger Lowenstein

#7. The modern spirit is a hesitant one. Spontaneity has given way to cautious legalisms, and the age of heroes has been superseded by a cult of specialization. We have no more giants; only obedient ants.

Roger Lowenstein

#8. Buffett does enjoy being a billionaire, but in offbeat ways. As he put it, though money cannot change your health or how many people love you, it lets you be in 'more interesting environments.

Roger Lowenstein