Quotes About Financial

Similarly, people are far more likely to splurge impulsively on a big luxury purchase when they receive an unexpected windfall than with savings that they have accumulated over time, even if those savings are fully available to be spent.

app we particularly like is called Tally.13 (Full disclosure: Tally was started by Jason Brown, who, when he was a student at the University of Chicago Booth School of Business, took Thaler's class. We have no financial stake in his company.)

La combinación de tasas de rendimiento bajas (apenas por encima de la inflación) y las bajas tasas de ahorro de muchos empleados es simplemente una receta para la pobreza en la jubilación.

Her budget is blessedly free of those two core expenses, entertainment and status.

Who is going to influence whom in the new association? Warren may have entered the ocean in California, but I am sitting down in Virginia with Ben Graham's beginner's book and "How to Read a Financial Report" by someone called Merrill, Lynch, Pierce, Fenner and Smith. I am told I have to finish Ben Graham very soon because Warren is unwilling to pay the small fine involved in having the book out of the Omaha public library too long.

The two main girlfriends he has had wanted him to support them in the manner to which they certainly weren't accustomed even though he couldn't put his flabby hands on a penny.

The state arbitrarily set the mortgage interest rate at 8.5 percent—below the prime rate of 9 or so percent—so banks could make more money out of state. The bottom line for financial institutions is profit.

And what if Britain lost? There would be a financial crisis, unemployment, and destitution. Working-class men would take up Ethel's father's cry and say that they had never been allowed to vote for the war. The people's rage against their rulers would be boundless.

In order to become wealthy you have to stop working just to pay your expenses

Recently we refinanced the 182-unit building, which we had owned less than a year. Its newly appraised value was $11.3 million, more than $2 million above what we paid for it. And since I own 10 percent of the project, I made over $200,000 in less than a year. A testament to the power of buying and managing right and managing well.

Even when times were good, I realized that my earning power as a golf professional depended on too many ifs and putts.

We now have power under the Dodd-Frank legislation to break up banks. And I've said I will use that power if they pose a systemic risk.

We don't know where our food comes from. We don't know a lot of things about what is happening financially. This creates the "power over" kind of feeling.

Study until twenty five, investigate until forty, profession until sixty, at which age I would have him retired on a double allowance.

I can get no remedy against this consumption of the purse: borrowing only lingers and lingers it out, but the disease is incurable.

So far as my coin would stretch; and where it would not, I have used my credit.

With regard to the current crisis, what we have seen in government bailouts is not so much the solution to the deeper problems behind the economic crisis as it is a deferral of the consequences to some later time.

The most important lesson here is that what is tolerable risk for a company may well be intolerable for a nation. This is particularly true in banking. There is no real economy if the financial economy fails. As elaborated by Posner, "The risk to the nation is not the bankruptcy of a single major bank but the collapse of the banking industry, precipitating a financial crisis that can bring on a depression." The

Saving is a very fine thing. Especially when your parents have done it for you

Professionals are forced to read mountains of research to stay ahead of the competition, forced to develop complex financial models and sophisticated charts, and, most importantly, explain themselves to impatient and demanding investors once a month through newsletters and presentations. All

Most governments in western countries are basically bankrupt. They won't be able to guarantee you a safe retirement like your parents might be enjoying right now.

The rumors were that at least one of the three largest commercial banks would go bankrupt, similar to LTCB (Long Term Capital Bank) a couple of years before, causing a market shock that would reverberate around the world. I

Saving and investing itself is simple if we apply the 80/20 principle. I

For example, people ask me about Eastman Kodak's slow disintegration and financial struggle. Let me tell you that people at Kodak knew where the wind was blowing. The decline in sales of photographic film and its slowness in transitioning to digital photography was no surprise to anybody who studied it intensively or was directly involved. Listen to your intuition and sell, or even better, don't invest in it at all. Selling