In Pursuit of Wealth Quotes

“They use their minds to create wealth—not by taking existing materials and turning them into more valuable goods, but by taking existing wealth and putting it toward more valuable uses. In short, financiers don’t create the products that enrich our lives—they help create (and nurture) all the businesses that create the products that enrich our lives.”
― Yaron Brook, In Pursuit of Wealth: The Moral Case for Finance

“In short, finance gives you the opportunity to dramatically increase your consumption by doing nothing—or, more precisely, by choosing not to consume everything you produce today, but instead providing the productive economy with savings that can be used to generate additional economic value with minimal effort on your part. For all of the demonization of financiers, this is as close to magic as you can get.”
― Yaron Brook, In Pursuit of Wealth: The Moral Case for Finance

“If we didn’t have finance, though? Forget the 1970s—try the 1270s. Economic progress emerges from the intelligent combination of capital and innovation. Remove capital from the equation—and the financial markets that accumulate and direct that capital into the hands of innovators—and the result is poverty and stagnation.”
― Yaron Brook, In Pursuit of Wealth: The Moral Case for Finance

“The bottom line is that the government has artificially mitigated lenders’ risk, and it has done so on the perverse, altruistic premise that “society” has a moral duty to increase home ownership among low-income Americans.”
― Yaron Brook, In Pursuit of Wealth: The Moral Case for Finance

“Milken, counting on nothing except his judgment that “junk” bonds weren’t really junk and that the entrepreneurs and businesses he was helping were good, led the revolution that would liberate capital from the turgid old boy network so that it could eventually find its way to Silicon Valley.”
― Yaron Brook, In Pursuit of Wealth: The Moral Case for Finance