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Top 50 William J. Bernstein Quotes (2024 Update)
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William J. Bernstein Quote: “The Danish experience remains to this day a powerful, though nearly forgotten, lesson on the appropriate government reaction to the challenge of global competition: support and fund, but do not protect.”

51. “The Danish experience remains to this day a powerful, though nearly forgotten, lesson on the appropriate government reaction to the challenge of global competition: support and fund, but do not protect.”

— William J. Bernstein

William J. Bernstein Quote: “P. J. O’Rourke: “North Korea has a 99% literacy rate, a disciplined, hardworking society, and a $900 per capita GDP. Morocco has a 43.7% literacy rate, a society that spends all day drinking coffee and pestering tourists to buy rugs, and a $3,260 per capita GDP.”1.”

52. “P. J. O’Rourke: “North Korea has a 99% literacy rate, a disciplined, hardworking society, and a $900 per capita GDP. Morocco has a 43.7% literacy rate, a society that spends all day drinking coffee and pestering tourists to buy rugs, and a $3,260 per capita GDP.”1.”

— William J. Bernstein

William J. Bernstein Quote: “Psychologist Richard Gerrig defines a narrative as a device that temporarily mentally transports the listener or reader away from their immediate surroundings; when it ends, they return to their surroundings “somewhat changed by the journey.”

53. “Psychologist Richard Gerrig defines a narrative as a device that temporarily mentally transports the listener or reader away from their immediate surroundings; when it ends, they return to their surroundings “somewhat changed by the journey.”

— William J. Bernstein

William J. Bernstein Quote: “For most of the period following the fall of Rome, the adherents of a powerful new monotheistic religion dominated medieval long distance commerce as completely as the West dominates such commerce today; the legacy of that former dominance is still all too visible.”

54. “For most of the period following the fall of Rome, the adherents of a powerful new monotheistic religion dominated medieval long distance commerce as completely as the West dominates such commerce today; the legacy of that former dominance is still all too visible.”

— William J. Bernstein

William J. Bernstein Quote: “The advent of the written word around 3300 BC lifted history’s curtain and revealed an already well-established pattern of long-distance trade, not only in luxury and strategic goods, but in bulk staples such as grain and timber as well.”

55. “The advent of the written word around 3300 BC lifted history’s curtain and revealed an already well-established pattern of long-distance trade, not only in luxury and strategic goods, but in bulk staples such as grain and timber as well.”

— William J. Bernstein

William J. Bernstein Quote: “Such high interest rates are prohibitive for long-term projects; at 20% per annum, the amount owed doubles in less than four years. With such a crushing future burden, no rational businessman or corporation borrows to fund a project that will not become profitable for five or ten years, as is the case with most large commercial undertakings.”

56. “Such high interest rates are prohibitive for long-term projects; at 20% per annum, the amount owed doubles in less than four years. With such a crushing future burden, no rational businessman or corporation borrows to fund a project that will not become profitable for five or ten years, as is the case with most large commercial undertakings.”

— William J. Bernstein

William J. Bernstein Quote: “The coming of the Prophet would sweep away this fragmented and pluralistic pattern of trade in the ancient world. Within a few centuries of Muhammad’s death, one culture, one religion, and one law would unify the commerce of the Old World’s three continents nearly a millennium before the arrival of the first European ships in the East.”

57. “The coming of the Prophet would sweep away this fragmented and pluralistic pattern of trade in the ancient world. Within a few centuries of Muhammad’s death, one culture, one religion, and one law would unify the commerce of the Old World’s three continents nearly a millennium before the arrival of the first European ships in the East.”

— William J. Bernstein

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