Quotes About Wall Street

This simple investment strategy—indexing—has outperformed all but a handful of the thousands of equity and bond funds that are sold to the public. But you wouldn't know this when Wall Street throws everything but the kitchen sink at you to convince you otherwise. This is the plan we use ourselves for our retirement funds, and this is the plan we urge you to follow, too.

EBITDA, as we noted earlier, is no longer Wall Street's favorite measure to watch. Now the hot metric is free cash flow. Some companies have looked at free cash flow for years. Warren Buffett's Berkshire Hathaway is the bestknown example, though Buffett calls it owner earnings. As Buffett's term suggests, it's an important metric for entrepreneurial companies.

Through all the machismo, through all the greed, through all the discussion of shareholder values, it all came down to this: John Gutfreund and Tom Strauss were prepared to scrap the largest takeover of all time because their firm's name would go on the right side, not the left side, of a tombstone advertisement buried among the stock tables at the back of The Wall Street Journal and The New York Times.

The first recorded U.S. bank robbery, actually a nighttime burglary, came in 1831, when a man named Edward Smith snuck into a Wall Street bank and made off with $245,000. He was caught and sentenced to a five-year term in Sing Sing.

The Republican Primaries were quite interesting. The establishment had its candidate, [Mitt] Romney, a kind of a Wall Street lawyer and investor, and they wanted him in. But the base didn't want him.

while the IMF certainly failed the people of Asia, it did not fail Wall Street - far from it. The hot money may have been spooked by the IMF's drastic measures, but the large investment houses and multinational firms were emboldened...These fun-seeking firms understood that as a result of the IMF's adjustments, pretty much everything in Asia was now up for sale - and the more the market panicked, the more desperate Asian companies would be to sell, pushing their prices through the floor.

Even among Goldman alumni, Steven Mnuchin has distinguished himself by his willingness to profit off misery. After the 2008 Wall Street collapse, and in the midst of the foreclosure crisis, Mnuchin purchased a California bank. The renamed company, OneWest, earned Mnuchin the nickname "Foreclosure King," reportedly collecting $1.2 billion from the government to help cover the losses for foreclosed homes and evicting tens of thousands of people between 2009 and 2014.

delayed because of external commitments made to Wall Street or customers. Then you add a bunch of developers who use up all the time in the schedule, leaving no time for testing or operations deployment. And because no one is willing to slip the deployment date, everyone after Development has to take outrageous and unacceptable shortcuts to hit the date.

I went public in 2002 in America, and do you know what Wall Street valued my concession in Macau at? Zero.

The entire political class and ruling Wall Street class are zero-percent-interest zombies who talk about 'deflation' in the value of their second, third, and fourth homes. This is paper-deflation, zombie-deflation, and has nothing to do with the real economy.

We have a Democratic Party that cannot defend the American people from the worst Republican Party in history because it's a Democratic Party of war and Wall Street.

I would rather be arrested as a traitor than fight a war for Wall Street.

The shocking thing about any stripper gathering, I discovered, was that you have never heard women talk so fast and so explicitly about money in all your life. They make the guys on the trading floor on Wall Street look like a bunch of pansies.

Wall Street's favorite scam is pretending that luck is skill.

Uncontrolled desire for "something for nothing." The gambling instinct drives millions of people to failure. Evidence of this may be found in a study of the Wall Street crash of '29, during which millions of people tried to make money by gambling on stock margins.

A simple solution, but quite drastic: anyone who goes into public service should not be allowed to subsequently earn more from any commercial activity than the income of the highest paid civil servant. It is like a voluntary cap (it would prevent people from using public office as a credential-building temporary accommodation, then going to Wall Street to earn several million dollars). This would get priestly people into office.

While the meetings included traders, that is, people who are judged on their numerical performance, it was mostly a forum for salespeople (people capable of charming customers), and the category of entertainers called Wall Street "economists" or "strategists," who make pronouncements on the fate of the markets, but do not engage in any form of risk taking, thus having their success dependent on rhetoric rather than actually testable facts.

A dearth of fiduciaries willing to place client interests foremost forces individuals to take responsibility for their investment portfolios. In the profit-motivated world of Wall Street, fiduciary responsibility takes a backseat to self-interest. What benefits the stockbroker (commissions), the mutual fund manager (large pools of assets), and the financial advisor (high fees) injures the investor. When profit motive meets fiduciary responsibility, profits win and investors lose. Understand

A Random Walk Down Wall Street.

Disguising this edifying process in the United States are the handi-capitalists in nominally "private" institutions – from Wall Street money-shufflers and government-guaranteed mortgage hustlers to corn-state ethanol farmers and Silicon Valley solar shills – that are dependent on public handouts and mandates for their success.

Government is not the problem but rather the prize, and right now it sits in a trophy case on Wall Street.

I discovered that you can't train people how to trade by just imparting knowledge. The key to trading success is emotional discipline. Making money has nothing to do with intelligence. Think of all the bright people that choose careers on Wall Street. If intelligence were the key, there would be a lot more people making money trading.

Burton Malkiel, professor of economics, Princeton University and author of A Random Walk Down Wall Street: "Through the past thirty years more than two-thirds of professional portfolio managers have been outperformed by the unmanaged S&P 500 Index.

I spent thirty-three years in the Marines, most of my time being a hlgh class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer for capitalism.