Posts Tagged ‘currency’
Next Page »William Burroughs: Name Currency
on Tuesday, March 28, 2023Meaning of William S. Burroughs Money Quote: saying work focus should be quality work and not fame or success, making your name the currency. William S. Burroughs said:
“Don’t worry about making a bunch of money or being successful — be concerned with doing good work and make the right choices and protect your work. And if you build a good name, eventually, that name will be its own currency” — William S. Burroughs
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Charlie Munger: Crypto Gambling
on Friday, February 10, 2023Meaning of Charlie Munger Money Quote: saying Crypto is not a currency, it is a gambling contract with 100% favor for the house. Charlie Munger said:
“A cryptocurrency is not a currency, not a commodity, and not a security. Instead, it’s a gambling contract with a nearly 100% edge for the house” — Charlie Munger
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Charlie Munger considers cryptocurrency gambling rather than a currency for a few key reasons. He believes that unlike traditional currencies which are backed by governments, cryptocurrencies have no intrinsic value and their price is determined purely by speculation. Since the value can fluctuate wildly based on market sentiment, Munger sees it as similar to betting on an unpredictable asset.
He also argues that the structure of cryptocurrency favors those who trade it like a commodity over long-term users, since new coins are often released which dilutes the value of existing holdings. While cryptocurrency proponents view it as a new kind of currency, Munger takes the stance that it lacks the stability and purpose of a normal currency.
David Crosby: Time Currency
on Thursday, January 19, 2023Meaning of David Crosby Money Quote: saying value time and don’t let it slip away. It is the most valuable currency – more than money. David Crosby said:
“Don’t waste the time. Time is the final currency, man. Not money, not power – it’s time” — David Crosby
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Ernest Hemingway: War Inflation
on Saturday, November 26, 2022Meaning of Ernest Hemingway Money Quote: saying it’s tempting to allow currency inflation or going to war because they bring short-term prosperity. Ernest Hemingway said:
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists” — Ernest Hemingway
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Christopher Rice: Time is Currency
on Thursday, October 6, 2022Meaning of Christopher Rice Money Quote: saying we all use the same time from start to end of day and time is our currency. Christopher Rice said:
“Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we’ve got 24 hours each” — Christopher Rice
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Elon Musk: Time Ultimate Value
on Monday, June 27, 2022Meaning of Elon Musk Money Quote: saying time has more value and having more makes anyone richer than those with only cash. Elon Musk said:
“Time is the ultimate currency” — Elon Musk
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In this quote, Elon Musk seems to be suggesting that time is the most valuable commodity or “currency” that people have. When he refers to time as the “ultimate currency”, Musk appears to mean that time is more important than money, as we cannot make more time but we can always make or earn more money.
The quote implies that Musk views time as extremely precious and finite, seeing it as our most scarce and non-renewable resource. So in summary, this statement means Musk believes time is more important than financial wealth, and that we should spend and invest our time wisely as it is our most valuable currency in life.
Nicolaus Copernicus: Depreciation
on Saturday, February 19, 2022Nicolaus Copernicus Money Quote saying that countries suffer from currency depreciation when excesses are in circulation. Nicolaus Copernicus said:
“Nations are not ruined by one act of violence, but gradually and in an almost imperceptible manner by the depreciation of their circulating currency, through its excessive quantity” — Nicolaus Copernicus
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Philip Seymour Hoffman: Currency
on Friday, July 23, 2021Philip Seymour Hoffman Money Quote saying currency we have when the world is bankrupt is those that accept you when uncool. Philip Seymour Hoffman said:
“The only true currency in this bankrupt world is what you share with someone else when you’re uncool” — Philip Seymour Hoffman
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