Quotes About Capital

Hyde reminds us that in a gift economy, one's freely given gifts cannot be made into someone else's capital.

She turned for her kitchen, mentally revising her planned family dinner to include a Vor lord from the Imperial capital. White wine? Her limited experience of the breed suggested that if you could get them sufficiently sloshed, it wouldn't matter what you fed them.

Simple, genuine goodness is the best capital to found the business of this life upon. It lasts when fame and money fail, and is the only riches we can take out of this world with us.

The tricky part for Rockefeller and Flagler was how to supplement their capital without relinquishing control; the solution was to incorporate, which would enable them to sell shares to select outside investors.

He held $32.3 million in Morgan capital, which was the bank's major cushion.

He also reserved his father's extraordinary powers, which included the right to allocate profits among partners, arbitrate disputes, fire partners, and determine a fired partner's departing share of capital. These were the trump cards in a private partnership.

Only the prestigious Wall Street firms such as J. P. Morgan and Company or Kuhn, Loeb could tap the foreign and domestic capital needed to execute these transactions.

From the start, he owned more shares of Standard Oil than anybody else and exploited every opportunity to augment his stake.

proper handling of government debt would permit America to borrow at affordable interest rates and would also act as a tonic to the economy. Used as loan collateral, government bonds could function as money—and it was the scarcity of money, Hamilton observed, that had crippled the economy and resulted in severe deflation in the value of land. America was a young country rich in opportunity. It lacked only liquid capital, and government debt could supply that gaping deficiency.

By giving small stakes in United to William H. Vanderbilt of the New York Central and Amasa Stone of the Lake Shore, Rockefeller tightened his grip over friendly railroads.

The London banks didn't lend their own funds but would organize large-scale bond issues.

With Peabody gone, he urgently needed to replenish his capital base

I considered this a great injustice to me as I was an equal partner and Gardner brought in only his share of the capital, but I thought it best to submit.

Instead of floating bond issues alone, the banks pooled their capital to share the risk of underwriting.

He was receiving about $3 million yearly in Standard Oil dividends (more than $50 million in 1996 dollars) and redirecting that into a vast portfolio of outside investments that made him a one-man holding company.

Of the 35,000 Standard shares, Rockefeller held nearly 9,000, or three times the amount of Flagler, Harkness, Pratt, or Payne.)

And as for the city itself - it was to be the capital of Maharashtra; or of both Maharashtra and Gujarat; or an independent state of its own...while the government tried to work out what on earth to do, the city's inhabitants decided to encourage it to be quick. Riots proliferated..

The economic success of the Reagan Administration was largely dependent upon the pyramiding of massive debt and the siphoning of capital from the rest of the world.

The arrogance of wealth and the dejection of wretchedness, capital cities of unwonted extent, a lax morality, a vulgar egotism, and a great confusion of interests, are the dangers which almost invariably arise from the magnitude of States.

Over the objections, where they sound like squealing pigs, over the objections of Romney and all his allies, we passed some of the toughest Wall Street regulations in history, turning Wall Street back into the allocator of capital it always has been and no longer a casino. And they want to repeal it.

I've always liked traveling around Europe and seeing the architecture. The buildings in capital cities have been there for hundreds and hundreds and hundreds of years. Some look better than the new ones.

In short, companies that achieve a high return on capital are likely to have a special advantage of some kind. That special advantage keeps competitors from destroying the ability to earn above-average profits.

if you just stick to buying good companies (ones that have a high return on capital) and to buying those companies only at bargain prices (at prices that give you a high earnings yield), you can end up systematically buying many of the good companies that crazy Mr. Market has decided to literally give away.

companies that achieve a high return on capital are likely to have a special advantage of some kind. That special advantage keeps competitors from destroying the ability to earn above-average profits.