Blinded Quote by Paul Samuelson

“Mea culpa, mea culpa. MIT and Wharton and University of Chicago created the financial engineering instruments, which, like Samson and Delilah, blinded every CEO. They didn't realize the kind of leverage they were doing and they didn't understand when they were really creating a real profit or a fictitious one.”

Paul Samuelson

★ ★ ★ ★ ★ 3.4 out of 5 (4 ratings)

Blinded Ceo Chicago Creating Engineering Financial Instruments Kind Mit Money Profit Real Realizing Samson University

More by Paul Samuelson

Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does.

Paul Samuelson

Image

We are like highly trained athletes, who never run a race.

Paul Samuelson

Image

When the economy was going up, [Milton Friedman and I] both gave the same advice, and when the economy was going down, we gave…

Paul Samuelson

Image

Our ideal society finds it essential to put a rent on land as a way of maximizing the total consumption available to the society.…

Paul Samuelson

Image

That's what I would like to do until the end of time, to go on scribbling my articles on the third floor of the…

Paul Samuelson

Image

Contrary to what many skeptics had earlier believed, the Soviet economy is proof that a socialist command economy can function and even thrive.

Paul Samuelson

Image

To prove that Wall Street is an early omen of movements still to come in GNP, commentators quote economic studies alleging that market downturns…

Paul Samuelson

Image

Even if this advice to portfolio decision makers to drop dead is good advice, it obviously is not counsel that will be eagerly followed.…

Paul Samuelson

Image

Perhaps there really are managers who can outperform the market consistently - logic would suggest that they exist. But they are remarkably well-hidden.

Paul Samuelson

Image

Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.

Paul Samuelson

Image

In every mutual fund prospectus, in every sales promotional folder, and in every mutual fund advertisement (albeit in print almost too small to read),…

Paul Samuelson

Image

I don't care who writes a nation's laws-or crafts its advanced treaties-if I can write its economics textbooks

Paul Samuelson

Image

Explore all 75 Paul Samuelson quotes

More Blinded quotes

Were you indeed not blinded by the Curse Of Self-exile, that still grows worse and worse, Yourselves would know that, though you see him…

Farid al-Din Attar

Image

Do not allow people to dim your shine because they are blinded. Tell them to put on some sunglasses because we were born this…

Lady Gaga

Image

In Holland I have seen well-meaning, principled people blinded by multiculturalism, overwhelmed by the imperative to be sensitive and respectful of immigrant culture, while…

Ayaan Hirsi Ali

Image

The most devastating effect of sin is that by it, we are blinded to it.

Billy Graham

Image

“Never stand in the way of letting God use people’s actions, in order to solve a greater issue in the world.”

Shannon L. Alder

Image

There are plenty of times we need fierce compassion, fierce love. Just like when a child does something that is very harmful and we…

Mark Coleman

Image

I wear a hat on stage so that people won't be blinded by the reflection from my head. Also, if I don't wear a…

Steven Wright

Image

And when the drums of war have reached a fever pitch and the blood boils with hate and the mind is closed, the leader…

Julius Caesar

Image

Most men are blinded by the words Bad Bitches and end up settling for less!

Surgeo Bell

Image

“Isn't it strange how people are selective about the truth the want to see or hear?”

E.A. Bucchianeri

Image

I felt compelled to venture forth and explore the true face of the world. Leading a satisfying life of plenty had blinded many of…

Werner Bischof

Image

I feel genuinely sorry for those who are so blinded by narrow partisanship that they cannot appreciate Limbaugh's energy, intelligence and satiric skill. They…

Camille Paglia

Image

Browse all 173 Blinded quotes

Blinded Quote by Paul Samuelson

Related quotes

More by Paul Samuelson

More Blinded quotes