"There is talk ... of our constructing..." - Quote by Joseph Stalin
There is talk ... of our constructing Dnieprostroy through our own means. The means needed are great, several hundred millions. Let us not get into the position of the peasant who, after accumulating a nest-egg, instead of repairing his plough and renewing his equipment, buys a gramophone and goes bankrupt.
More by Joseph Stalin
“We built this [socialistic] society not for the curbing of personal liberty, but in order that human personalities should really feel free.”
“Our new election system will spur on all institutions and organizations and will force them to improve their work.”
“A sincere diplomat is like dry water or wooden iron.”
More on Economics
“The tendency of advanced capitalism has been to enlarge the middle class and not to wipe it out, as it once seemed likely to do.”
“By means of the banking system the distribution of capital as a special business, a social function, is taken out of the hands of the private capitalists and usurers. But at the same time, banking and credit become the most effective means of driving captialist production beyond its own limits and one of the most effective vehicles of crises and swindle.”
“Conservatives say if you don't give the rich more money, they will lose their incentive to invest. As for the poor, they tell us they've lost all incentive because we've given them too much money.”
More on Investment
“Our approach is very much profiting from lack of change rather than from change.”
“I could name about a dozen paths, and you'd like to have a whole bunch of research on all those paths, and then, eventually, at least four to five companies with really significant financing try and get to big scale, going down and really trying to prove it out.”
“With each investment you make, you should have the courage and the conviction to place at least ten per cent of your net worth in that stock”