There is a major disaster when a person allows some success to become a stopping place rather than a way station on… — Bill Vaughan Copy Share Image
Ratings agencies are highly conflicted, unimaginative dupes. They are blissfully unaware of adverse selection and moral hazard. Investors should never trust them. — Seth Klarman Copy Share Image
Those with health insurance are overinsured and their behavior is distorted by moral hazard. Those without health insurance use their own money… — Malcolm Gladwell Copy Share Image
Embryonic stem cell research is at the leading edge of a series of moral hazards. — George W. Bush Copy Share Image
I'm interested in the limits of personality, in the possibility of change, and the saving power of art. Do powerful works of… — Adam Ross Copy Share Image
The government is promoting bad behavior... do we really want to subsidize the losers' mortgages... This is America! How many of you… — Rick Santelli Copy Share Image
The government can always rescue the markets or interfere with contract law whenever it deems convenient with little or no apparent cost.… — Seth Klarman Copy Share Image
