Quotes About Investment

Most people try to get rich by being cheap and the price for that is that you live cheap and there is so much money out there; why would you want to live cheap?

I decided at the outset to invest in a fairly broad range of businesses, as I didn't want to get pigeonholed into one sector.

The value of a company can be derived from adding the value of all future dividends written down to net present value. Therefore, a reasoned view of the future is essential.

Solomon Loeb, at his wife's insistence, had come to New York from Cincinnati and, though not on a par with the Seligmans' operations, his Kuhn, Loeb & Company was becoming an important investment banking house. In Philadelphia the Guggenheims were not doing at all badly. Meyer Guggenheim had

strip of real estate than that—to the blocks immediately east, south and west of Central Park.

We've complemented that with a second office to think about how we need to prepare ourselves for that period 10 or 15 or 20 years from now, by way of investment in our technology, our organization and our people.

Look, I think the worst case scenario is obvious. I think first of all it doesn't work for very long. It's an unstable government that raises taxes and destroys the image we're building for Canada as a strong place to invest.

Too many men want the freedoms, rewards, and privileges of manhood but only the responsibilities of boyhood. They want intimacy with their wives without loving them as God instructed. They want to be respected by their kids without investing time and discipline in them. They want a higher status at work without raising their own level of honor and integrity.

The best time to plant a tree is twenty years ago. The second best time is today.

Left untended, knowledge and skill, like all assets, depreciate in value—surprisingly quickly. —DAVID MAISTER, BUSINESS AUTHOR AND CONSULTANT

The key is in not spending time, but in investing it.

It's not about working for money, it's about having money work for you.

Becoming wealthy is about accumulating wealth.

Do not invest time and money into yourself to have others completely destroy it!

If it is about education, then all who are college graduates should be wealthy.

The One-Minute Assessment in Three Easy Steps 1. Divide gross income by 2; the result is an estimate of NOI. 2. Calculate the cap rate by dividing NOI by the asking price. 3. Determine whether the resulting cap rate is in line with the market.

There are four crucial factors to consider: 1. The resources available to work with. 2. The size of the property. 3. The age of the property. 4. Your holding period.

Poor collection of rents may provide you with an opportunity to create value, but remember: the price you pay for the apartment complex should reflect the value of the property as it is currently operating, not what it would be if all of the rents were being collected. The value is created only after you have acquired the property and made the necessary changes to improve collections.

I prefer looking for properties that are more than 90 percent occupied and that just look a little rough from the outside due to poor management and neglect.

Do not let a broker attempt to convince you that the property is worth anything more than a multiple of its existing NOI.

Among the most important factors to consider when determining your optimum holding period are the tax implications and how they will impact your bottom line.

Five ratios are required in multifamily property analysis: • The capitalization rate • The cash return on investment • The total return on investment • The debt service coverage ratio • The gross rent multiplier

Everybody loves a thing more if it has cost him trouble.

You invest a lot in your kids, from the sleepless nights early on and the frightening trips to the emergency room, to homework assignments and a million miles of taxi driving. The great thing is that everything you put in counts, and with a bit of luck, one day they will realize it. Love adds up to something. It's indestructible and immortal and carries long on after your own life is over. Who could ask for more?