Quotes About Finance

Jeremy J. Siegel

At the end of 2012, the yield on nominal bonds was about 2 percent. The only way that bonds could generate a 7.8 percent real return is if the consumer price index fell by nearly 6 percent per year over the next 30 years. Yet a deflation of this magnitude has never been sustained by any country in world history.

The amount of $1 invested in a capitalization-weighted portfolio in 1802, with reinvested dividends, would have accumulated to almost $13.5 million by the end of 2012.

would take only $1.33 million invested in the stock market in 1802 to grow, with dividends reinvested, to about $18 trillion, the total value of U.S. stocks, by the end of 2012. The sum of $1.33 million in 1802 is equivalent to roughly $25 million in today's purchasing power, an amount far less than the value of the stock market at that time.

By the end of 2012, the price of gold reached $1,675 per ounce, and $1 of gold bullion purchased in 1802 was worth $86.40 at the end of 2012, while the price level itself increased by a factor of 19.12.

Chapter 6 showed that over holding periods of 20 years or longer, stocks have both a higher return and lower after-inflation risk than bonds. The

In fact, for someone in the highest tax bracket, short-term Treasury bills have yielded a negative after-tax real return since 1871, even lower if state and local taxes are taken into account. In contrast, top-bracket taxable investors would have increased their purchasing power in stocks 288-fold over the same period.

No one chooses to become a banker. It just happens, like cancer, and then you try to live with it for as long as you can.

If I finance a bank and I know if the bank will get in trouble, I will be hit and I will lose money, I will put a price on that.

Banks should contribute to the real economy, make a positive contribution to economic growth.

You Cannot Get Out of Debt by Borrowing More Money.

The emergence of this stable, public market for state debt was the most politically significant economic innovation of the age. It allowed the British government to borrow funds at a far lower rate than had been the case when it depended on moneylenders and tax farmers—the system that remained in force in France.

There is only one side of the market and it is not the bull side or the bear side, but the right side.

Profits always take care of themselves but losses never do.

401(k)s were part of a larger cultural drift in America away from shared responsibilities toward a more precarious individualism.

It was just a few million bucks to take us out of our misery, to pay off our loans.

chancellor of the exchequer

You can't have understanding without empathy, and you can't have empathy without losing money.

You can't have understanding without having empathy, and you can't have empathy without losing money.

world arms budget of 204 billion dollars

How did you go bankrupt? Two ways. Gradually, then suddenly.

Well,' Bill said, 'we might as well have another drink.' 'Damned good idea,' Mike said. 'One never gets anywhere by discussing finances.

I don't think if people gambled for what they could afford it would be very interesting.

The bill always comes