Quotes About Finance

The broader lesson—and one of the core lessons of personal finance—is that you should always insure yourself against any adverse contingency that you cannot comfortably afford to withstand. You should skip buying insurance on everything else.

On the other hand, the most likely outcome, meaning the one that will happen most often, is that the company will not discover a cure for baldness and you will get only $250,000 back.

For as long as there have been creditors and debtors—which is a darn long time—creditors have tried to protect the value of the currency and debtors have sought to devalue it.

Here is a statement of the obvious: banks with "state" in the name are chartered by the state; those with "national" in their name are chartered by the feds.)

Something really wacky happens when rice bankers start loaning out other people's capital: money is created.

Second, even if the underlying data could accurately predict future risk, the 99 percent assurance offered by the VaR model was dangerously useless, because it's the 1 percent that is going to really mess you up.

When I get married, I'm gonna register at Bank of America.

Long run is a misleading guide to current affairs. In the long run we are all dead.

We deliberately filled our rainy-day fund to its statutory capacity over my time leading the Mississippi Senate as lieutenant governor.

Investors should invest on what they know. The biggest mistake is to invest on what they don't know.

I thought that ending Glass-Steagall was a mistake.

Earlier, physical currency used to dominate. Now, mobile currency or digital currency is dominating. For digital currency, fintech is very crucial.

I was lucky to have a successful career as a model, but that was just a way to pay off my college loans.

I've done modeling since I was 18, but it didn't take off until I moved to Los Angeles. Modeling has always been something I've been really good at, and has been something that's helped pay bills.

I've been chasing some paychecks. Modeling. I don't discriminate against paychecks. I've got to pay the bills.

A bank needs models to measure risk. The problem, however, is that any one bank can measure its risk, but it also has to know what the risk taken by other banks in the system happens to be at any particular moment.

Modern money is almost altogether credit money.

For many, the loan modification process has been a giant sham.

You have to teach children about money intentionally - create teachable moments.

The monetary policy instruments which Russia has at its disposal are pretty well developed.

It's all about the money.

The most efficient labor-saving device is still money.

No complaint... is more common than that of a scarcity of money.

I have always been afraid of banks.