You don't have to live on Wall Street to be a leading economist and pass on your wisdoms. This is demonstrated by the phrases of Daniel Lacalle, a Madrid economist defender of economic freedom. Despite not being one of the richest people in the world, he does have enough studies and experiences that make him a great professional in the sector.
In this article we list the 35 best phrases of Daniel Lacalle and we will talk about his biography in order to further enrich our knowledge on the subject.
The 35 best phrases of Daniel Lacalle
It is clear that we must learn a lot by making mistakes and discovering new things for ourselves. However, the phrases of Daniel Lacalle, as well as of many more famous economists, they can guide us a bit and help us better understand how the world works economically. For this reason we will present below the 35 best phrases of Daniel Lacalle:
- "If you give an engineer enough time and money, he will find a solution."
- "To be successful you need to have a great relationship and support from your partner."
- "The reason for the great failure of socialism in the world is simple: those who do not benefit from those who do. There are no incentives for those who strive, and there are rewards for those who avoid work and responsibility. Excellence is not rewarded, it is never achieved, as most push down. "
- “Encouraging individual freedom is much more social and fair than seeking to suppress the self in the face of the supposed benefits of the mass. Because the individual is more charitable and generous than the predatory state that supposedly manages and redistributes wealth. "
- "What would happen if electric or natural gas cars began to take market share away from oil derivatives? Consuming governments would undoubtedly look for ways to replace lost taxes with other taxes on electricity or natural gas. "
- “Austerity does not like. Austerity hurts. But the bankruptcy annoys more, and many more people and for much longer. "
- “Interventionist systems always think of the poor. That's why millions of them create every year. "
- "There is no freedom, unless there is economic freedom."
- “Spain says it has controlled debt. Lindsay Lohan says she's not addicted. "
- "As an investor, one should know that none of the company executives, agency analysts or brokers will suffer negative consequences on a professional level for offering overly optimistic projections."
- “Energy must be cheap, abundant and affordable. Cost, availability and ease of transport and storage. All the rest are stories. "
- "The industry always invests from the false belief that no one else is going to do what it is doing."
- “If one thing is clear, it is that the last barrel of oil will not be worth millions of dollars. It will be worth zero. "
- "This crisis is much worse than a divorce, I have lost half my money but I am still married."
- “Profitability, profitability and profitability. These are the three pillars of my strategy as an investor. "
- “Debt itself is not bad. Debt is bad when it does not generate any return. "
- "The balance sheet, working capital and cash say it all, Daniel, and by reading balance sheets you will realize that the world has gone crazy."
- "Who do they trust more, someone who gambles their money and analyzes reality or someone who charges - or receives votes - for disguising it?"
- “All the regulation in the world is not going to supply culture and common sense. You have to inform yourself, learn. It is not entertaining, but it is the only way. And still we will be wrong sometime. "
- “Debt is a drug, I've been repeating the whole book. It clouds the value prudence, it makes us feel strong, powerful, it makes us see the present in rosy color and even more the future. And it is a deception because debt, like drugs, is nothing other than slavery ... "
- “Today there is a current of economic thought according to which the State is an entity whose economic decisions are by nature well-intentioned and therefore its mistakes must be forgiven. The interventionists hope that you feel cornered, that you see no other solution and that you accept that there is no other way out than to surrender to the demands of the governments. "
- “The press only remembers the markets when things go wrong. Why? Because we are in an economy where financial trade is despised by ideology. "
- “Without financial culture, deceptions will continue to appear. It is very important that the general public acquire financial culture. Regretting after "it was recommended to me" is sad, but the best cure for ignorance is information: learning and above all realizing that the fault lies not with the markets, but with people who do not know how to manage their impulses, they let themselves be advised by people who probably have as little idea as they do, or they get carried away by beliefs repeated over the years of the lifelong kind. "
- "The biggest deception of the past decade was to call growth what was actually debt, and the current one to call austerity what is nothing but contained waste."
- "Every little success has to be earned, and reaching every goal is complex and arduous work."
- “Economic freedom has done more to reduce poverty than any other policy. The disaster of collectivism in the world has proven that spending alone only leads to bankruptcy. "
- "To get out of a deep crisis, you have to encourage freedom, increase disposable income and promote competition."
- “I love Sweden. The whole world should be like Sweden. They like to drink, undress and the people are gorgeous. I can't think of a better nation on the planet. "
- "When the hell was it decided that printing money is a 'social' policy?"
- "Do what you want ..., but with total responsibility."
- "Inequality is not reduced with assistance, but with incentives to create wealth."
- “Any person taken as an individual is reasonably sensible and moderate; if he is part of a crowd, he immediately becomes a brute. "
- “The magic solutions that they propose to us over and over again are the same as always: devalue, print money and make debt relief. Impoverish and enslave. "
- "The economy is literally devouring itself through debt."
- "My grandfather, who was frugal to the limit, always said: be careful with expenses, you get used to it."
Who is Daniel Lacalle?
In 1967 our protagonist was born in Madrid: Daniel Lacalle. This Spanish economist began his career in portfolio and investment management in the United States. He continued it in England, specifically in London, encompassing venture capital, raw materials and variable and fixed income. It should be noted that for no more and no less than five consecutive years it has been voted in the top three of the best managers in the Extel Survey, which is the Thomson Reuters ranking. There he was voted in the following categories: Electrical, General Strategy and Oil. Therefore we can assume that Daniel Lacalle's phrases have important background knowledge and experiences.
As for Spain, here it is known for its presence in various media. In them he has repeatedly defended economic liberalism. According to him, to achieve economic freedom it is necessary to reduce public spending, privatize strategic sectors and reduce the powers of the State. On an economic level, critics have referred to Daniel Lacalle as "neoliberal" and "ultra-liberal" on several occasions.
Another reason why his name may sound to us is because of his presence in the world of politics. He is an advisor in what refers to the economic matter of Pablo Casado, who presides over the PP. In addition, Daniel Lacalle was included in the fourth position of the PP list in order to enter the elections to the Congress of Deputies that took place in April 2019. Although he was elected as a deputy, Lacalle resigned to collect the minutes, which means that he resigned his seat. According to him, he did so after considerable thought about it.
This economist is also known for writing several books on economics, in which we can find more opinions, criticisms and advice than with the phrases of Daniel Lacalle. Here is a list of his bibliography:
- "We, the Markets"
- "Journey to Economic Freedom"
- "The Mother of All Battles"
- «La Gran Trampa» (together with Jorge Paredes)
- "The Blackboard of Daniel Lacalle"
- "Let's end the strike"
- "Speaking the people understand"
Apart from these books on economics, Daniel Lacalle also writes a column daily in The Confidential. In addition, he usually collaborates with other media such as 13TV, with the BBC, CNBC, El Mundo, Public mirror, Intereconomía, Investment, The Razón, La Sexta, The Commentator y The Wall Street Journal.
Where does Daniel Lacalle work?
As we have already mentioned before, explaining why the phrases of Daniel Lacalle can be useful, this Madrilenian is an economist and manager of investment funds. He currently works as Chief Economist at Tressis. In addition, he works as a professor at the IEB and the IE Business School.
What did Daniel Lacalle study?
Many will wonder what this man studied. Well, giving even more value to the phrases of Daniel Lacalle, we must highlight his academic career. He has achieved several titles throughout his life:
- Degree in Economics and Business Administration from the Autonomous University of Madrid
- CIIA (Certified International Investment Analyst) International Financial Analyst title
- Master in Economic Research (UCV)
- Postgraduate (PDD) from IESE (University of Navarra)
With this we conclude the information on this great economist. I hope that Daniel Lacalle's phrases have served as inspiration for you.