Quotes About Finance

The stock market is never obvious. It is designed to fool most of the people, most of the time.

There's nothing wrong with cash. It gives you time to think.

And the banks - hard to believe in a time when we're facing a banking crisis that many of the banks created - are still the most powerful lobby on Capitol Hill. And they frankly own the place.

In an efficient market at any point in time the actual price of a security will be a good estimate of its intrinsic value.

In reality, no one knows what the market will do; trying to predict it is a waste of time, and investing based upon that prediction is a speculative undertaking.

I think that, every time you saw the word EBITDA, you should substitute the word "bullshit" earnings.

Time was when the average person could pay as he goes. Nowadays he has to pay as he comes and goes.

Everything a politician promises at election time has to be paid for either by higher taxation or by borrowing.

An IPO is like a negotiated transaction - the seller chooses when to come public - and it's unlikely to be a time that's favourable to you.

When I asked my accountant if anything could get me out of the mess I am in now, he thought for a long time, and I didn't care much for his answer. 'Yes,' he said. 'Death would help.'

Even defensive portfolios should be changed from time to time, especially if the securities purchased have an apparently excessive advance and can be replaced by issues much more reasonable priced.

It's income tax time again, Americans: time to gather up those receipts, get out those tax forms, sharpen up that pencil, and stab yourself in the aorta

The accumulation of capital involves the expansion of value over time.

There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.

For a long time, I kept working at part-time jobs... my goal was to build up enough savings so I wouldn't be kicked out on the streets if I didn't sell enough paintings.

The discrepancy between equity earnings yields and Treasury yields is at an all time high

The budget deficit for 1932, expected to be around twenty million pounds, would in fact be nearer one hundred seventy million pounds.

Between 1875 and 1905 over forty American girls married into the peerage, bringing with them the dollars that saved many a stately home from ruin. There were many attempts to calculate the total amount of American dollars spent in dowry payments; one estimate said that American brides had brought in $50 million to Britain, but the probability is that it was nearer a billion dollars – money that went straight into the pockets of the men they married.

Construction workers are more important to everyday life than stockbrokers and yet are far lower down the social and financial ladder.

Capitalism works only when institutions are forced to absorb the consequences of the risks that they take on.

Do you have enough money in the bank to make it if everything goes wrong? If you do, congratulations. Go run your business with focus and with confidence. Stick with the high road and do the things you need to realize your business plan. If not, don't despair. You need an alternate plan. A plan that allows you to spend a percent- age of your time each week on low-risk revenue sources. A way to bring in freelance income while you build your core business.

had exported an average of £13,000,000 worth of goods to Britain each year from 1835 to 1872 with no corresponding return of money; in fact, payments to people residing in Britain, whether profits to Company shareholders, dividends to railway investors or pensions to retired officials, made up a loss of £30 million a year.

As you manage your money, you manage your life.

I have enough money for the rest of my life and enough to leave a good inheritance for our kids.