Forma # 1.ai - ICAB

“The stock market is but a mirror which provides an image of the underlying or fundamental economic
situation. Cause and effect run from the economy to the stock market, never the reverse. In 1929 the
economy was headed for trouble. Eventually that trouble was violently reflected in Wall Street.”
- John Kenneth Galbraith
“The things that will destroy America are prosperity-at-any- price, peace-at- any-price, safety-first instead
of duty-first, the love of soft living, and the get-rich-quick theory of life.”
- Theodore Roosevelt
“October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July,
January, September, April, November, May, March, June, December, August and February.”
- Mark Twain
“There’s no denying that a collapse in stock prices today would pose serious macroeconomic challenges
for the United States. Consumer spending would slow, and the U.S. economy would become less of a
magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable
levels, would decline somewhat. History proves, however, that a smart central bank can protect the
economy and the financial sector from the nastier side effects of a stock market collapse.”
- Ben Bernanke
“Money is like manure. You have to spread it around or it smells.”
- J. Paul Getty
“Wall Street is one big turf war. By benefiting one person you are disadvantaging another person.“
- Bernard Madoff
“Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted
by a misconception.”
- George Sorost
50
January - March 2011
The Bangladesh Accountant