Quotes About Investment

Three Questions to Ask of Each Business in Your Portfolio 1.?Is it in a good industry? 2.?Does it occupy a great position in that industry? 3.?Does it deliver a strong ROI?

Thus, a battleship cost around £10m in 1940. Building that battleship today might cost £500m, but to build a battleship representing the same proportion of current GDP would mean spending £2.5bn.

most important distinction in the investment world does not separate individuals and institutions; the most important distinction divides those investors with the ability to make high quality active management decisions from those investors without active management expertise. Few institutions and even fewer individuals exhibit the ability and commit the resources to produce risk-adjusted excess returns.

Establishing and maintaining an unconventional investment profile requires acceptance of uncomfortably idiosyncratic portfolios, which frequently appear downright imprudent in the eyes of conventional wisdom. Unless institutions maintain contrarian positions through difficult times, the resulting damage of buying high and selling low imposes severe financial and reputational costs on the institution.

The mutual-fund industry sits at the center of a massive market failure. The asymmetry between sophisticated institutional providers of investment management services and unsophisticated individual consumers results in a monumental transfer of wealth from individual to institution.

Given the difficulties in timing markets and the challenges of security selection, such behavior provides a rational foundation for investment management. By avoiding extreme allocation shifts and holding diversified portfolios, investors cause asset allocation to account for the largest share of portfolio returns.

Third, those bonds of professional respect and personal friendship extend out to the hundreds of key people working at Yale's many investment managers and engage them in unusually beneficial ways

The shift in accountability from employer to employee caused a move from reasonably well-managed, low-cost investment programs to generally poorly managed, high-cost investment programs.

Thoughtful investors build investment programs on a fundamental understanding of the reasons for pursuing a nonconventional approach.

In its most basic form, the message of Unconventional Success requires only a few pages to describe the blueprint of a well-diversified, equity-oriented, passively managed portfolio, using not-for-profit investment managers to implement the plan.

A "permissionless" cryptocurrency like Bitcoin is built to be out of anyone's control, wastes incredible amounts of electricity — Bitcoin uses about as much power as all of Austria45 — and would be a completely silly idea for a company to develop as an investment, unless they were maintaining control by other means.

Of course, the most common pitch for Bitcoin is much simpler: you might get rich for free. People will say and do any ridiculous thing if they might get rich for free. The one really consistent ideology in Bitcoin is: "number go up.

Seen one way, a slave-raider is stealing the years of caring labour another society invested to create a work-capable human being.36

Capital, then, is not simply money. It is not even just wealth that can be turned into money. But neither is it just the use of political power to help one use one's money to make more money.

Only when a good thing happens to be cheap is a cheap thing good.

Ninety percent of millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate. —ANDREW CARNEGIE

In busy times there is also a temptation to let investments such as training take a back seat to getting the work out the door. Only adherence to the firm's principles and values prevents opportunistic behavior that may have short-term benefits but long-term adverse consequences.

Finance capital increasingly looked abroad for higher rates of return.

Investments in social and physical infrastructures create geographical concentrations of relative advantage to which capital is inevitably drawn. The free gifts of nature and human nature need to be produced before they can be gifted to capital.

My whole thing was, if I can put in 5 percent of the effort of somebody getting an A, and I can get a C minus, that's amazing," he explains. "It's certainly good enough, right? [Then] I can take the other 95 percent of the time and invest it in something I really care about.

In 1613 William Shakespeare bought a house nearby for £124 – but did not live in it himself.

Making love" denoted the manufacture of something that would need to be maintained.

What we have here is a situation where the pull factor of rising reserves and stronger creditworthiness actually created its own push factor by depressing U.S. yields and therefore pushing more capital toward higher-yielding developing countries.

Upset over neglect and unreliability reflects a conflict over investment of time and effort. It takes effort to be on time. Reliability requires relinquishing time and resources that could be channeled toward other goals. Neglect signals a low investment, indicating that the man lacks the depth of commitment necessary to perform acts that require even minimal cost for the woman's benefit.