Quotes About Finance

The Wolf of Wall Street

And also there wasn't much money in television in those days anyhow.

There's enormous progressive activism and, more often than not, success at the grassroots level - everything from living wage campaigns to efforts to finance our elections are having terrific success.

Not surprisingly Wells places the City of London—the international center of banking culture—and its financial credit as responsible for knitting together world economic life over the previous hundred years. With these innovations in communications and finance, but also with the frustrations and wars inherent (so he says) in the existence of independent national states and sovereignties, came about the gradual dawning of the idea of the World-State.

Shortly before his death in July 2009, Cronkite was asked if there was a ruling class in America. "I am afraid there is," he replied. "I don't think it serves the democracy well, but that is true, I think there is. The ruling class is the rich who really command our industry, our commerce, our finance. And those people are able to so manipulate our democracy that they really control the democracy, I feel.

Likewise, when we lose money in the market we think we must have been wrong.

The stock investor can stay in the position forever. A futures speculator, on the other hand, will be forced out of the market when the contract expires. So even if he has financed a losing futures position, he is forced into making a new decision at expiration as to whether to stay with the position. The stock player has no such forcing point, which is why it's especially important to decide what type of participant you're going to be when you're in the stock market.

Market positions are either profitable or unprofitable, period.

Are you long because you are bullish or bullish because you are long?

One investor's two rules of investing: Never lose money. Never forget rule #1. (Warren Buffett)

In betting and gambling games if you stop acting and do nothing, the losses will stop. But when investing, trading, or speculating, if you're losing and stop acting, the losses don't stop; they can continue to grow almost indefinitely.

then speculating, and therefore having a plan, is the only way to deal with the uncertainty of the future in the markets. Given this definition, for the remainder of the book Speculator (capitalized) will be used to include investors, speculators, and traders, all of whom are Speculating.

Betting and gambling are suitable for discrete events but not for continuous processes. If you introduce the behavioral characteristics of betting or gambling into a continuous process, you are leaving yourself open to enormous losses.

But when investing, trading, or speculating, if you're losing and stop acting, the losses don't stop; they can continue to grow almost indefinitely.

gambling creates risk while investing/speculating assumes and manages risk that already exists.

Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows.

A budget is a moral document.

Your cost advantage might come from lower operating costs or from using capital more efficiently (including working capital), or both.

The secret of high finance...if you really need a loan, you won't qualify. And if you don't need a loan, all the lenders will line up to give you money.

these conglomerates, the zaibatsu, were coordinated by finance capital, not production:

There is no upside to downward financial mobility,

Poorer students take out larger loans and will have to contribute more to the cost of higher education.

In 2012, corruption even by official statistics was eating up one-third of the state budget.

The rich aristocrats who spent their weekdays "shearing lambs" on Wall Street