Joseph Conrad: Finance Liquidation
on Monday, December 3, 2018Joseph Conrad Money Quote saying that somehow assets are like a mist and cannot be liquidated before turning to vapor. Joseph Conrad said:
“The world of finance is a mysterious world in which, incredible as the fact may appear, evaporation precedes liquidation” — Joseph Conrad
Share the Joseph Conrad Money quote image above on your site:
Short Link to this Quote:
In this quote, Joseph Conrad is making an observation about the peculiar nature of the financial world. While liquidation typically involves making assets liquid or convertible to cash, Conrad notes that in finance, “evaporation” or loss of value often comes first before any actual liquidation process.
His point seems to be that in the financial system, wealth or asset value can mysteriously disappear (“evaporate”) rapidly even without a formal selling off of holdings. This reflects how intangible factors like confidence, speculation and market sentiment can significantly influence the apparent worth of investments in ways that may seem inexplicable to outsiders.
Conrad captures the opaque and volatile quality of finance, where money can vanish almost immaterially before the mechanics of settling accounts.
Birthday December 3, 1857 – Died August 3, 1924