Adam Smith Quote

The directors of such companies, however, being the managers rather of other people's money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own.... Negligence and profusion, therefore, must always prevail, more or less, in the management of the affairs of such a company.


An Inqury Into the Nature and Causes of the Wealth of Nations (ed. 1801)

Picture Quote 1

The directors of such companies, however, being the managers rather of other people's money than of their own, it cannot well be expected, that they...

Picture Quote 2

The directors of such companies, however, being the managers rather of other people's money than of their own, it cannot well be expected, that they...

Picture Quote 3

The directors of such companies, however, being the managers rather of other people's money than of their own, it cannot well be expected, that they...

Picture Quote 4

The directors of such companies, however, being the managers rather of other people's money than of their own, it cannot well be expected, that they...