Quotes About Finance

I have ways of making money that you know nothing of.

Do you know the only thing that gives me pleasure? It's to see my dividends coming in.

I'm at the stage in life where I get a lot of pleasure out of finding a cheap stock.

I thought to spend my declining years writing poetry and teaching - but that won't pay the Bergdorf's bill. I think I'll move to somewhere life is cheaper.

If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio.

I could have made a small film and kept all the money from 'Life is Beautiful'. Instead, I spent more money than I had on 'Pinocchio', a very risky film.

I have made six big home moves in my life and I have never lost money on one I have lived in.

To speak broadly, the troubles of life as we find them are mainly traceable to the heart or the purse.

if you want an economic chart that stops you from sleeping you should start with the elephant.

One of my great pleasures from the study of investing, finance, and economics is the discovery of insights about people and society. The physical sciences have rules such as the law of gravitation that generally hold true in the world as we know it. But human beings and the way they interact aren't covered by broad, unchanging theories and may never be. Instead I've come across more limited concepts that tie things together and serve as shortcuts to understanding.

used Occam's razor—the principle that given more than one explanation, you should begin by choosing the simplest one—and plausible reasoning to arrive at a neat formula for determining the "correct" price of a warrant.

The problem was that the issuers of CDSs could issue them with no collateral other than their "full faith and credit," meaning that if their bets lost they might not have the money to pay.

The time was right for our project because the necessary high-quality databases and the powerful new computers with which to explore them were just becoming affordable. By luck, one of our researchers almost immediately found the basic idea behind statistical arbitrage.

As Keynes said, the market can remain irrational longer than you can remain solvent.

Write down everything you spend. The waste in your daily spending should soon become apparent.

accurate balance sheet, which I do about once a year.

What happens to our account if Goldman Sachs New York is destroyed by a terrorist nuclear bomb smuggled into New York Harbor?" Their reply was: "We have duplicate records stored underground in Iron Mountain, Colorado.

The big three for most investors are equities, interest rate securities, and real estate. Each accounts for about a quarter of the total net worth of US households, though the proportions fluctuate, particularly when an asset class experiences a boom or a bust.

The safety of municipal bonds no longer seemed so assured. However, although they would have done better in equities, they still had enough money and, feeling safe, didn't worry as they would have done watching the ups and downs in the value of a stock portfolio.

Portfolio insurance was designed to protect investors from large market declines. Ironically, the cure became the cause.

The lesson of leverage is this: Assume that the worst imaginable outcome will occur and ask whether you can tolerate it. If the answer is no, then reduce your borrowing.

What I had done was focus on a price that was of unique historical significance to me, only me, namely, my purchase price. Behavioral finance theorists, who have in recent decades begun to analyze the psychological errors in thinking that persistently bedevil most investors, call this anchoring (of yourself to a price that has meaning to you but not to the market).

First, you bought something you didn't really understand, so it was no better or worse than throwing a dart into the stock market list.

The man who builds, and lacks where with to pay, provides a home from which to run away.