Both a priori reasoning and experience teach us that as as these funds grow larger the geometrical rate of growth by compound interest ultimately defeats itself.
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Part II, Chapter VIII,Ultimate Uses of the Stored Units, p. 103Benjamin Graham
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It is an arithmetic, moreover, which cannot be denied even though we nearly all try to deny it. The arithmetic is simply this: Any positive rate of growth whatever eventually carries a human population to an unacceptable magnitude, no matter how small the rate of growth may be unless the rate of population growth can be reduced to zero before the population reaches an unacceptable magnitude. There is a famous theorem in economics, one which I call the dismal theorem, which states that if the only thing which can check the growth of population is starvation and misery, then the population will grow until it is sufficiently miserable and starving to check its growth. There is a second, even worse theorem which I call the utterly dismal theorem. It says that if the only thing which can check the growth of population is starvation and misery, then the ultimate result of any technological improvement is to enable a larger number of people to live in misery than before and hence to increase the total sum of human misery.
Kenneth Boulding
[P]hysical quantities ... suffice to determine the rate of profit (and the associated prices of production) […] [I]t follows that value magnitudes are, at best, redundant in the determination of the rate of profit (and prices of production). […] Marx’s value reasoning––hardly a peripheral aspect of his work––must therefore be abandoned, in the interest of developing a coherent materialist theory of capitalism.
Karl Marx
If you think mutual funds aren’t a flagrant enough example of conflict of interest, try hedge funds.
Peter Schiff
Animals use aggression as a technique for gaining control over necessities... that are scarce or are likely to become so... They intensify their threats and attack with increasing frequency as the population around them grow. As a result the behavior itself induces members of the population to spread out in space, raises the death rate, and lowers the birth rate. In such cases aggression is said to be a "density-dependent factor" in controlling population growth.
E. O. Wilson
We can... treat only the geometrical aspects of mathematics and shall be satisfied in having shown that there is no problem of the truth of geometrical axioms and that no special geometrical visualization exists in mathematics.
Hans Reichenbach
Graham, Benjamin
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