It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making.
"Alan Greenspan" is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006, after the second-longest tenure in the position (behind William McChesney Martin).
Greenspan came to the Federal Reserve Board from a successful consulting career. Although he was subdued in his public appearances, favorable media coverage raised his profile to a point that several observers likened him to a "Celebrity/rock star". Democratic leaders of Congress criticized him for politicizing his office because of his support for Social Security privatization and tax cuts, which they felt would increase the deficit. The easy-money policies of the Fed during Greenspan's tenure have been suggested to be a leading cause of the subprime mortgage crisis, which occurred within months of his departure from the Fed, and have, said The Wall Street Journal, "tarnished his reputation".If you enjoy these quotes, be sure to check out other famous economists! More Alan Greenspan on Wikipedia.
Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I'm running into the tyranny of zero, which is where you can't reduce (the debt) any more.
To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills.
I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives. But material success is possible in this world and far more satisfying when it comes without exploiting others.
The Fact that our economical models at The Fed, the best in the world, have been wrong for fourteen straight quarters, does not mean they will not be right in the fifteenth quarter.
I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
Anything that we can do to raise personal savings is very much in the interest of this country," Greenspan said.
The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.