Quotes About Finance

Right now, I'm worth a million dollars, and I owe Uncle Sam a million-and-a-half dollars, and I made a deal with him. I said, 'Uncle Sam, I'm going to pay you 25 grand a month.'

Smaller tax refunds are not a bad thing - they're a sign that people are keeping more of their money as they earn it, rather than letting Uncle Sam keep it under his mattress for them.

Doing music to pay bills is an uncomfortable situation. I never wanted to be in that situation.

I feel very uncomfortable with respect to looking at inflation.

I think that if you're going after large banks and large financial companies to try to make sure people are being treated fairly, you're going to make some enemies, and you're going to make people uncomfortable.

Never underestimate the power of Abby Joseph Cohen.

Never underestimate the value of cold cash.

My undergraduate degree was in art history! Raising money for Chipotle was really my MBA. The money for my first restaurant came from my dad, the second from mostly cash flow. The third was an SBA loan. After my dad invested $1.5 million to open a few more, he suggested I raise the money myself for the experience.

I was accepted into Cornell in 1979 and went there to follow a finance and business path. I ended up pursuing marketing and sales because I was selected by Procter & Gamble as an undergraduate candidate to go into its brand management program, which is typically available only to M.B.A. candidates.

Personally, I chose my own undergraduate institution in large part because the scholarship options made it affordable for me to attend. Make no mistake: The financial feasibility of each school's cost was a major part of making my decision, as it was for almost everyone I knew.

The degree of leverage now being reversed is staggering, and the underlying global imbalances - notably between the savers and the spenders - will require long and painful adjustment.

What I'm trying to say is that for the average investor, what I would encourage them to do is to understand that there's inflation and growth. It can go higher and lower and to have four different portfolios essentially that make up your entire portfolio that gets you balanced.

One way to mitigate our risk is to invest in companies with understandable business models.

My investment advice is rooted in my understanding of economics.

Indeed, eventually, random outcomes all revert to the mean, meaning that streaks eventually end. Understanding this is a key part of intelligent and rational investing.

The rich continue to get rich the same way they always have - by understanding how money works and making their money work for them.

Over and over again, financial experts and wonkish talking heads endeavor to explain these mysterious, 'toxic' financial instruments to us lay folk. Over and over, they ignobly fail, because we all know that no one understands credit default obligations and derivatives, except perhaps Mr. Buffett and the computers who created them.

Mitt Romney understands the private sector, he understands how profit is created, and he isn't embarrassed by it.

I've just done a commercial in the U.S. in which I talk about stocks, shares and bonds. Everyone is amazed. They ask me: 'You really know about that stuff or did you just learn it for the commercial?' I tell them I wouldn't do it unless I understood and had an interest.

For too long, our nation has relied on low interest rates rather than undertaking the necessary long term necessary economic reforms.

If a company's stock is undervalued - as many managers believe theirs is - a repurchase may offer the best payoff of all.

Mediobanca is undervalued but less undervalued than other banks.

I think something that forces financial institutions to write down underwater mortgages, I think, would be a sensible thing to do.

Nationally, the share of mortgages that are underwater fell by about one-half between 2011 and 2014.