Quotes About Finance

For years, critics of Fannie Mae have warned that it does not give them enough information to judge its risks.

It's not that we can predict bubbles - if we could, we would be rich. But we can certainly have a bubble warning system.

Measuring the oil industry in dollars gives you a very warped view. Pick a sound currency such as Swiss francs or gold grams and look at the oil business through that lens.

If you think about it: a big bank in any country, what is it? Really, as an investment, it's a warrant on economy.

Much like Warren Buffett has said very famously - he doesn't buy technology stocks because he doesn't understand them- I will not buy consumer goods companies because I do not understand them.

If Warren Buffett could change his mind about investing in airlines, Mohnish Pabrai could change his mind about investing in autos. Pabrai, who has modeled his investment career and fee structure after Buffett's original partnership, counts General Motors, Fiat Chrysler, and Ferrari in his highly concentrated portfolio.

I think any statement about stock prices is always suspect unless it's made by Warren Buffett.

When Warren Buffett invests in a company, he is conferring upon that company something very unique: his credibility.

I'm going to reveal the grand secret to getting rich by investing. It's a simple formula that has worked for Warren Buffett, Carl Icahn and all the greatest investment gurus over the years. Ready? Buy low, sell high.

I'd always intended to make 'Far North' straight after 'The Warrior.' We had the rights to the short story, the script was in development, and I knew where I wanted to shoot it. It just took a long time getting the script together and raising the finance.

If the world's using bitcoin, governments won't be able to fund wars through inflation like they do today.

It's either 'Saw' made for $4 million or 'Star Wars,' 'Star Trek,' 'Guardians of the Galaxy' et cetera being made for $150 million. So the $30 and $40 million films don't get made unless they're maybe 'Ride Along.' But I don't really know why. I don't get paid to know why.

If we finally chose as a country to take responsibility for the wars that we believe we must engage in, and rather than borrow money to exercise that authority to go to war, we actually pay for these wars, that would save us over a trillion dollars, because that's what we have spent in Iraq and Afghanistan - all through borrowed money.

An overview of all wars since the establishment of the Bank of England in 1694 suggests that most of them would have been greatly reduced in severity, or perhaps not even fought at all, without fiat money.

Some big banks remain wary of venture capital.

America's sanctions policy is largely consistent and, in a certain sense, admirable. By applying economic restraints, we label the most oppressive and dangerous governments in the world pariahs. We wash our hands of evil, declining to help despots finance their depredations, even at a cost to ourselves of some economic growth.

Washington treats Social Security like a Ponzi scheme.

You know people talk about federal money as if it falls from heaven. You know we thank heaven for it, but it came out of people's pockets - and I've driven all over Washington, D.C., I cannot find the money tree.

Finance is not just about lending, it is about recovering loans also.

Government, even in a democracy, can be captured by a small, well-organized class that has little interest in seeing broad-based access to finance.

developing countries typically have higher inflation, and developing countries also have higher growth.

The personal checks and balances that most of us bring to bear when we are employed in other activities - we ask ourselves if we are producing a socially useful product - operate less well in finance because, with few exceptions, making money is the Raison d'être (reason for existence) for the financier

Why are poorer developing countries like China financing the unsustainable consumption of rich countries like the United States?

A modern, sophisticated financial sector...seeks ways to exploit government decency, whether it is the government's concern about inequality, unemployment, or the stability of the country's banks. The problem stems from the fundamental incompatibility between the goals of capitalism and those of democracy. And yet the two go together, because each of these systems softens the deficiencies of the other.