Quotes About Finance

There is one investment truism that, if followed, can dependably increase your investment returns: Minimize your investment costs. We

Finding the next Warren Buffett is like looking for a needle in a haystack. We recommend that you buy the haystack instead, in the form of a low-cost index fund.

And if you buy the new issue after it begins trading, usually at a higher price, you are even more certain to lose.

A stock selling at $100 per share with earnings of $10 per share would have the same P/E multiple (10) as a stock selling at $40 with earnings of $4 per share. It is the P/E multiple, not the price, that really tells you how a stock is valued in the market.

Kahneman and Tversky concluded that losses were 2½ times as undesirable as equivalent gains were desirable. In other words, a dollar loss is 2½ times as painful as a dollar gain is pleasurable. People exhibit extreme loss aversion, even though a change of $100 of wealth would hardly be noticed for most people with substantial assets. We'll see later how loss aversion leads many investors to make costly mistakes.

Never trust any Goldman

Expenditure rises to meet income.

add to all the others he had levied for the war.

One must be very sure of the bank before one opens an account.

The Great Restructuring, unlike the postwar period, is a particularly good time to have access to capital.

After all, the chief business of the American people is business. They are profoundly concerned with producing, buying, selling, investing and prospering in the world.

After order and liberty, economy is one of the highest essentials of a free government.... Economy is always a guarantee of peace.

The business of America is business.

The collection of taxes which are not absolutely required, which do not beyond reasonable doubt contribute to the public welfare, is only a species of legalized larceny.

Collecting more taxes than is absolutely necessary is legalized robbery.

Show me the money!

Savings, remember, is the prerequisite of investment.

A crucial shortcoming of many cryptocurrencies is excessive volatility.

An equity token – not to be confused with equities or stocks in the traditional finance sense – represents ownership of an underlying asset or pool of assets.

The flip side of burning is minting, which increases the number of tokens in circulation.

Limited Access. Today, 1.7 billion people are unbanked, making it very challenging for them to obtain loans and to operate in the world of internet commerce.

I've learned that while the finance goals are important, they're not the most important. Finance can hit all our objectives, and the company still can fail. After all, the best accounts receivables team on the planet can't save us if we're in the wrong market with the wrong product strategy with an R&D team that can't deliver.

CFO GOALS Health of company Revenue Market share Average order size Profitability Return on assets Health of Finance Order to cash cycle Accounts receivable Accurate and timely financial reporting Borrowing costs

I want to migrate us to MySQL and open-source databases wherever we can, because I'm tired of sending millions of dollars each year to an abusive vendor.