Ron Chernow: Broker Banker

Ron Chernow Money Quote saying savings for the wealthy have become financialized by brokers who risk money, rather than save it. Ron Chernow said:
 

 

“Once the brokerage house, rather than the bank, became the locus for American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker” — Ron Chernow

In this quote, Ron Chernow is contrasting how banks and brokerage houses differently approached managing people’s savings and investments. He notes that historically, banks were more conservative places that took people’s deposits but did not encourage much risk-taking.

However, when brokerage houses became a major place for Americans to put their money aside, more of those savings would enter the stock market. This is because brokers generally have a “higher tolerance for risk” than bankers when allocating funds.

So in essence, Chernow is observing that brokerages steered savings towards the volatile but potentially lucrative stock market, while banks traditionally kept funds out of such risky territories. The quote examines how the rise of brokerages influenced growing investment in the stock sector.

Ray Dalio: Printing Money

Ray Dalio Money Quote saying monopoly money and monopoly bankers who redistribute money to monopoly players. Ray Dalio said:
 

 

“Printing money is the most expedient, least well-understood, and most common big way of restructuring debts. It’s like playing Monopoly in a way where the banker can make more money and redistribute it to everyone when too many of the players are going broke and getting angry” — Ray Dalio

In this quote, Ray Dalio seems to be drawing an analogy between government monetary policy and the board game Monopoly. A few key points:

• He notes that printing or creating more money is a common yet poorly understood method governments use to restructure large debt loads.
• Dalio likens this to the Monopoly banker’s ability to simply generate more paper money to redistribute when many players start going bankrupt.
• The implication is that increasing the money supply, like the banker providing bailouts in Monopoly, acts as a way to temporarily resolve debt crises and prevent anger from widespread defaults.
• However, Dalio appears to be suggesting this approach amounts to an expedient workaround rather than a real solution, and risks inflation down the line like in the game.

Overall, the quote conveys Dalio’s view that monetary stimulus and bailouts function similarly to a short-term patch in Monopoly, even if their long-term economic effects are misunderstood. The analogy paints money printing as an incomplete fix for debt problems.

Alan King: Banks Friendly Banker

Alan King Money Quote saying if bankers were just a bit friendlier, they wouldn’t suspect all customers to be pen thieves. Alan King said:
 

 

“Banks have a new image. Now you have ‘a friend,’ your friendly banker. If the banks are so friendly, how come they chain down the pens?” — Alan King

In this quote, Alan King seems to be satirically critiquing banks’ marketing of themselves as consumer-friendly institutions. By noting that banks now portray themselves as having a “friendly banker” as “a friend,” but then asking “if the banks are so friendly, how come they chain down the pens?,” King implies there is a disconnect between banks’ public relations efforts to appear personable and approachable, and realities of their business like securing valuable pens and documents that customers must use and sign under supervision.

The quote conveys King’s perspective that banks’ “friendly” branding is disingenuous propaganda that downplays their underlying priorities of protecting proprietary assets and information over fostering truly open, trusting relationships. Overall, King appears to be jokingly pointing out that banks’ self-promotion as allies clashing with experiences like restricted pens that maintain control and distance between banks and customers in practice.

Birthday: December 26, 1927 – May 9, 2004

Terry McMillan: Tooth Fairy Resume

Terry McMillan Money Quote saying that moms must be competent at dozens of skills to care for their family, including tooth fairy duty. Terry McMillan said:
 

 

“Being a lifetime wife and mother has afforded me the luxury of having multiple careers: I’ve been a teacher. A chauffeur. A chef. An interior decorator. A landscape architect, as well as a gardener. I’ve been a painter. A personal shopper. An accountant and a banker. I’ve been a beautician. Santa Claus. The Tooth Fairy. A movie reviewer. A nurse. A psychologist. A negotiator. An I have a Ph. D in How to Pretend Like You Don’t Mind” — Terry McMillan

In this quote, Terry McMillan is humorously yet pointedly listing all of the various roles and responsibilities she has taken on as a lifelong mother and wife in addition to her primary career as an author. She notes that through raising her family, she has essentially had “multiple careers” by serving as a teacher, driver, cook, decorator and more to her children in meeting their daily needs. McMillan also mentions fulfilling more fanciful jobs like Santa Claus, the Tooth Fairy and movie reviewer to entertain her kids.

Underlying this lighthearted tone is a serious message – that the domestic labor of childrearing and homemaking, disproportionately shouldered by women, encompasses an immense range of skills and demands that would each constitute a full-time career on their own. By concluding with earning a “Ph. D in How to Pretend Like You Don’t Mind”, McMillan humorously but powerfully conveys that mothers must often mask the immense effort required to expertly juggle countless roles behind a facade of effortlessness.

Overall, the quote celebrates mothers’ superhuman strengths while critiquing the undervaluation of their monumental yet invisible contributions.

French Proverb: Father is a Banker

Meaning of French proverb: saying that we are all provided Fathers, seen as a banker provided by nature that nurtures.
 

 

“A father is a banker provided by nature” — French Proverb

“Un père est un banquier fourni par la nature”

In this French proverb, fathers are likened to bankers that are “provided by nature”. The proverb seems to be conveying that a father’s role is similar to that of a banker in some ways. Just as a banker provides financial support and guidance to customers, this proverb suggests fathers naturally fulfill an analogous role by offering children economic, practical and emotional support as they grow up.

It portrays fathers as being there to assist their children financially and with life lessons, just as banks aid customers. The proverb characterizes fathers as the nurturing providers that children can naturally rely on for stability, counsel and resources, much like customers depend on bankers. So it frames the father-child bond as having an inherent banking-like support system rooted in family ties.