In modern society, where most people live in cities, and where both needs and wishes are absolved through the same remote agency – money – the distinction between wishes and needs has altogether vanished. – James Buchan
Saudi Arabia is a puritanical state that claims a monopoly of wisdom and virtue. – James Buchan
Cause and effect, the riddle of all history, is a particular devil in financial history and never more so than today, where entire classes of security are collapsing not on public exchanges and stock-tickers but because there are no markets to establish prices this side of nothing. – James Buchan
In rising financial markets, the world is forever new. The bull or optimist has no eyes for past or present, but only for the future, where streams of revenue play in his imagination. – James Buchan