Quotes About Financial

Governments had socialized the liabilities of the core institutions of the global financial system.

So Pabrai added the following checkpoint to his list: when analysing a company, stop and confirm that you've asked yourself whether the revenues might be overstated or understated due to boom or bust conditions.

he had brought in no income since the previous August.

The median income of people eighty and older is only about $15,000. More than half of the elderly living in long-term-care facilities run through their entire savings and have to go on government assistance-welfare-in order to afford it.

Lawyer: And what people live on is a mystery to me. They marry with an income of two thousand crowns when they need four. They borrow, to be sure, they all borrow ... but who has to pay in the end? Tell me that! Daughter: He Who feeds the birds.

I made very good money and spent all of it every week. I lived paycheck to paycheck...

We are not about to build particle accelerators that can probe to distances that small. They would have to be larger than the solar system and they are not likely to be approved in the present financial climate.

We were enjoying one of those rare summers of utter freedom – no financial responsibility, no debts, no time owing to anybody.

Department stores were a depressing no-no, as I no longer felt able to spend money.

There are no bloody jobs, Josie. You know that as well as I do. We're in the middle of a bloody recession.

Particularly when a prolonged period of peace and stability gives way to financial and/or military crisis, these entrenched patrimonial groups extend their sway, or else prevent the state from responding adequately.

Retirement is like a long vacation in Las Vegas. The goal is to enjoy it the fullest, but not so fully that you run out of money.

heresy was often perceived by the Church as a financial or political threat rather than merely a theological one.

But our data, along with other research, point to new ways of understanding saving among low- and moderate-income Americans. Many of these families are committed, effective savers; they're just not saving in the ways financial advisors might imagine. They put aside money for expenses they anticipate in the next few months, not the distant future.

In 2006, political scientist Jacob Hacker described what he called the "Great Risk Shift" in a book by the same name. Over the half century following World War II, governments and businesses gradually shifted financial risks from their ledgers onto the shoulders of individuals and families.

Indeed, the instability of families' incomes has risen faster than the inequality of families' incomes.

According to one estimate, the amount of money needed to "compensate," statistically speaking, for a lost marriage is on the order of an extra $100,000 a year.

A perfect storm is in the making: financial uncertainty, economic downturn, government cuts, rising unemployment and a future that looks less clear the more we try to fathom it.

The only thing I have no control over is the politics that goes on within the record company. It's always been the same, but it's far tougher now, because record companies are run by financial people before, they were run by creative people.

While the Fed is usually identified as the Lender of Last Resort (LLR) in the United States, the LLR function is actually shared by the Fed and FDIC.

If newspapers were a baseball team, they would be the Mets - without the hope for those folks at the very pinnacle of the financial food chain - who average nearly $24 million a year in income - 'next year.'

Growing up, my father was a financial analyst for an oil company. He was just a regular dad. And when I would say, 'Hey, come see my play ' he'd say, 'Sure.' He'd see one, 'Oh, good play' - you know, very typical dad reaction.

Innovation accounting begins by turning the leap-of-faith assumptions discussed in Chapter 5 into a quantitative financial model. Every business plan has some kind of model associated with it, even if it's written on the back of a napkin. That model provides assumptions about what the business will look like at a successful point in the future.

To achieve typical longer-term financial goals, such as retiring, the money that you save and invest generally needs to grow at a rate much faster than the rate of inflation.