Mark Skousen Quotes

Over the course of his 30 year career of speeches, investment newsletters and best-selling books, Mark Skousen has produced a wide variety of inspirational, wise, provocative and fascinating quotes on all sorts of topics: economics, Wall Street, politics, society, life, religion, family and much more. You can see his complete collection, including those from other famous investors, businesspeople, and philosophers in Maxims of Wall Street: A Compilation of Financial Adages, Ancient Proverbs and Worldly Wisdom.

Here are some of his most famous quotes:

  1. “Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure.” (from Persuasion versus Force pamphlet)
  2. “We shall never change our political leaders until we change the people who elect them.” (from Persuasion versus Force pamphlet)
  3. “Bad government drives out good business.” (a play on Gresham’s Law, “Bad money drives out good.”)
  4. “My generation made a mess of things, now it’s your turn.” (Mark Skousen to his children, 2010)
  5. “Nothing is more dangerous to an economy than to make a valuable service or product free to the public.”
  6. “If you are given the right to choose, most will choose the right.”
  7. “You’re awfully pretty, but your cooking is pretty awful.”
  8. “It’s not a question whether a religion is true or not, but whether it’s any good or not.”
  9. “Politics is the art of doing something that you can’t do anything about.”
  10. “Money may build you a house, but not a home.”
  11. “If you’ve traveled the world, you can never stay home for long.”
  12. “It is natural for all private enterprises to expand their services, for all public enterprises to reduce theirs.”
  13. “You can judge a man by the books in his library.”
  14. “No single snowflake feels responsible for the avalanche.”
  15. “In a large and mobile society, one is struck by the fact that you can always be replaced by a joker and no one will notice the difference.”
  16. “The worst thing that can happen to a new investor is to make money on his first trade. He thinks it’s easy.”
  17. “Leverage is like shooting an arrow into the sky. Eventually it comes down to earth.”
  18. “To err is human, but to be paid for it is divine.”
  19. “When you are rich, you can afford to be honest.”
  20. “History repeats itself, but never in the same way.”
  21. “Wall Street exaggerates everything.”
  22. “The business of investing is not the same as investing in a business.”
  23. “Never let a profit turn into a loss.”