Quotes About Finance

I had been exposed to bitcoin early. I thought the consumer application of it felt, to me, further away. I thought there would be faster adoption of the blockchain in the enterprise space and with banks.

In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.

Wall Street's favorite scam is pretending that luck is skill.

si cometes el error de subestimar su capacidad financiera, es más que posible que ofendas al comprador. Esto es algo que sucede en infinidad de ocasiones.

Money, without brains, always is dangerous.

Consider, for example, the strange and fascinating story of Mohammed; analyze his life, compare him with men of achievement in this modern age of industry and finance, and observe how they have one outstanding trait in common, persistence!

LACK OF CAPITAL. This is a common cause of failure among those who start out in business for the first time, without sufficient reserve of capital to absorb the shock of their mistakes, and to carry them over until they have established a REPUTATION.

O planejamento inteligente é essencial para o sucesso em qualquer empreendimento destinado a acumular riqueza. A seguir, instruções detalhadas para aqueles que

It is easier to increase profits by cutting the expenses in many cases than it is to increase profits by increasing sales.

No, businessmen as risk takers are not subjected to the judgment of other businessmen, only to that of their personal accountant.

This high-yield market resembles a nap on a railway track.

But bankers used to be subjected to Hammurabi's rule. The tradition in Catalonia was to behead bankers in front of their own banks

Yet they believe blindly in the stock market, and in the abilities of their pension plan manager. Why do they do so? Because they accept that this is what people should do with their savings, because experts tell them so. The doubt their own sense, but not for a second do they doubt their automatic purchases in the stock market.

The defender of the dogmas of modern finance and efficient markets started a fund that took advantage of market inefficiencies! It is as if the Pope converted to Islam.

The difference between a trader and an investor lies in the duration of the bet, and the corresponding size. There

The best test of whether someone is extremely stupid (or extremely wise) is whether financial and political news makes sense to him.

The longer one goes without a market trauma, the worse the damage when commotion occurs.

Alas, investors and businesses are not paid in probabilities; they are paid in dollars. Accordingly, it is not how likely an event is to happen that matters, it is how much is made when it happens that should be the consideration. How frequent the profit is irrelevant; it is the magnitude of the outcomes that counts.

There seems to be no such thing as a foolish decision if it results in profits.

Such businesses only care about the pool of funds available to the very rich.

The dentist did better when he dealt with monthly statements rather than more frequent ones.

encouraging traders to make steady money at the expense of hidden risks of Black Swans, consequential losses.

the negative effect for an average loss to be up to 2.5 the magnitude of a positive one); it will lead to an emotional deficit.

My declared approach was to try to make money infrequently.