Posts Tagged ‘joseph conrad’

Joseph Conrad: Avoid Debt

Posted by admin on Tuesday, July 18, 2023

Meaning of Joseph Conrad Money Quote: saying Don’t become indebted and paying interest – instead earn. Joseph Conrad said:
 
Avoid debt. The poor pay interest, while the rich earn interest Quote
 

“Avoid debt. The poor pay interest, while the rich earn interest” — Joseph Conrad

 

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In this quote, Joseph Conrad is advising people to avoid debt because it can perpetuate financial hardship. He points out that those who are poor and need to borrow money end up paying interest on their debts, which keeps them trapped in a cycle of owing more over time. Meanwhile, the rich are able to earn interest by lending their money to others or investing it.

Conrad’s message suggests that maintaining a debt-free lifestyle is important for financial freedom and security, while taking on debt is more likely to benefit those who are already wealthy by providing them interest income from others who borrow. His interpretation emphasizes how debt can worsen the circumstances of the poor while further increasing the means of the rich.

Joseph Conrad: Finance Liquidation

Posted by admin on Monday, December 3, 2018

Joseph 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 Quote
 

“The world of finance is a mysterious world in which, incredible as the fact may appear, evaporation precedes liquidation” — Joseph Conrad

 

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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

 

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