Quotes About Finance

Broke people giving financial advice is like a shop teacher with missing fingers.

We are paying teachers who are in charge of our human capital, arguably more important than our financial capital, a very tiny fraction of what Wall Streeters are paid.

It is weird and unsettling that a person who is hired to handle your money, make wise decisions about it, and, ostensibly, keep you from losing it is called a broker.

Ninety percent of all millionaires become so through owing real estate.

Boulton sold the estate which had come to him by his wife, and the greater part of his father's property, and mortgaged the remainder. It is evident that the great captain had taken in hand far too many enterprises. Probably he had not heard the new doctrine: Put all your eggs in one basket and then watch that basket.

The weapons were delivered aboard the Sky Bird in mid-1992 – with two UN arms embargoes being violated by a single deal. In order to avoid detection, the shipping manifests were altered. Repeating their previous ruse, it was claimed that the shipment was intended for the Lebanese Christian militia.27 Umag, a port city in Croatia, was the real destination, with an end-user certificate provided by the Finance Minister, Martinovic.

I think the saddest thing in the world is a twenty-five-year-old talking about the stock market.

When I was at JP Morgan, they burdened me with assets until I broke." "What do you mean?" "You start chasing lousy businesses just to put the money to work." "How?" I asked. "Because there are only so many good investments out there.

People who can manage their time can also manage their money. After all, managing minutes and managing money is the same exact principle.

kind enough to stake me to an account. Four

In those days, I tried to operate on a 2 percent general office expense structure. In other words, 2 percent of sales should have been enough to carry our buying office, our general office expense, my salary, Bud's salary—and after we started adding district managers or any other officers—their salaries too. Believe it or not, we haven't changed that basic formula from five stores to two thousand stores.

Another goal of ours was to create the kind of family togetherness Helen had grown up with. I've already told you how much the Robsons influenced Helen and me in the organization of our finances, but really I think their successful, happy, prosperous family was just an all-round inspiration for the kind of family I wanted as a young man, and, of course, it was the only kind of family Helen ever considered.

From 1977 to 1987, our average annual return to investors was 46 percent. And even in the middle of the recession, in 1991, we reported a return on equity of more than 32 percent.

You should never take financial advice from cartoonists, but let me tell you one thing that feels safe to share: If the CEO of a publicly traded company is routinely described as having a "reality distortion field"—as was the case with Steve Jobs—keep an eye on that company. That's a sign of a Master Persuader.

you should never make a loan to someone who is following his passion.

And for all concerned there was a deepening anger that under the cloak of defending the sacred tenet of "free trade," the United States continued to finance and do business with both sides in the conflict, growing ever richer while Europe bled.

The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to be careful to prevent their growth in our own.

If the Lord loveth a cheerful giver, how he must hate the taxpayer!

A man must properly pay the fiddler. In my case it so happened that a whole symphony orchestra had to be subsidized.

The only way to save money is not to spend it.

Ireland is never unanimous but on one thing -- getting something from the Imperial Exchequer.

Any board-room sitter with a taste for Wall Street lore has heard of the retort that J. P. Morgan the Elder is supposed to have made to a naïve acquaintance who had ventured to ask the great man what the market was going to do. "It will fluctuate," replied Morgan dryly.

collecting 10 per cent on high incomes and lower rates on lower incomes constituted undue discrimination against wealth.

largest tax