The rich man’s son inherits cares;
The bank may break, the factory burn,
A breath may burst his bubble shares,
And soft, white hands could hardly earn
A living that would serve his turn;
A heritage, it seems to me,
One would not care to hold in fee.James Russell Lowell (1819-1891) American diplomat, essayist, poet
Poem (1843-12), “The Heritage,” st. 2, The Knickerbocker, Vol. 22., No. 6
(Source)
In later collections, the last line reads, "One scarce would wish to hold in fee."
Quotations about:
bankruptcy
Note not all quotations have been tagged, so Search may find additional quotes on this topic.
“How did you go bankrupt?” Bill asked.
“Two ways,” Mike said. “Gradually and then suddenly.”
Markets can remain irrational a lot longer than you and I can remain solvent.
John Maynard Keynes (1883-1946) English economist
(Attributed)
Generally credited to Keynes, but the earliest reference found is by financial analyst A. Gary Shilling, "Scoreboard," Forbes (15 Feb 1993). More discussion here.
Sometimes given as "Markets can remain irrational longer than you can remain solvent" or "Markets can stay irrational longer than you can stay solvent."
To be broke is not a disgrace, it is only a catastrophe.