Quotes About Finance

Lo cierto es que he usado esta estrategia más para ayudarme a huir de malas inversiones que para detectar las buenas.

Una inversión que produce una rentabilidad financiera inmensa pero que me hace perder los nervios por completo, o me causa insomnio y berrinches durante un periodo largo de tiempo, NO es una buena inversión.

The Barefoot Investor by Scott Pape.

NR: To think big but ensure payday comes every day: cash flow first, big payday second.

Commit, within financial reason, to action instead of theory. Learn to confront the challenges of the real world, rather than resort to the protective womb of academia.

Commit, within financial reason, to action instead of theory. Learn to confront the challenges of the real world, rather than resort to the protective womb of academia. You can control most of the risks, and you can't imagine the rewards.

Diversificación de riesgos: «Tienen

Pete started writing about his philosophy on the Mr. Money Mustache blog, which has grown to reach about 23 million people (and 300 million page views) since its founding. It has become a worldwide cult phenomenon with a self-organizing

therefore an investment like that is unbeatable. Buildings that I would buy for $500K within the year were $800K and I put only maybe $100K down, so you made 300% on your money. . . . I quickly developed and traded up my buildings and bought more apartment buildings and office buildings on Main Street down in Santa Monica and so on. . . . I benefited from [a magic decade] and I became a millionaire from my real estate investments.

As Billy points out, if your last three turns are precise, then what you're internalizing on the lift ride up is precision. So I carry this on to the guys who I train in the finance world, for example: ending the work day with very high quality, which for one thing means you're internalizing quality overnight.

Asset allocation: "They absolutely, beyond a shadow of a doubt, know they're going to be wrong . . . so they set up an asset allocation system that will make them successful. They all agree asset allocation is the single most important investment decision.

Anyone who lives within their means suffers from a lack of imagination. —OSCAR WILDE, Irish dramatist and novelist

Often, there's a very basic, very dumb question at the center of a story that no one's asking. One of the biggest stories I ever did, 'The Giant Pool of Money,' was predicated on just such a dumb question: 'Why are the banks loaning money to people who can't possibly pay it back?' Asking the right dumb question is often the smartest thing you can do.

Anyone who lives within their means suffers from a lack of imagination." –Oscar Wilde

Are You Over-Correlated?

As legendary hedge fund manager Ray Dalio told Tony Robbins (page 210): "It's almost certain that whatever you're going to put your money in, there will come a day when you will lose 50% to 70%." It pays to remember that if you lose 50%, you need a subsequent 100% return to get back to where you started. That math is tough.

Fun things happen when you earn dollars, live on pesos, and compensate in rupees, but that's just the beginning.

Anyone who lives within their means suffers from a lack of imagination." –Oscar Wilde Irish writer, author of The Picture of Dorian Gray

In 2007, I had one wealth manager ask me, "What is your risk tolerance?" and I answered honestly: "I have no idea." It threw him off. I then asked him for the average of his clients' responses. He said, "Most answer that they would not panic up to about 20% down in one quarter." My follow-up question was: "When do most actually panic and start selling low?" His answer: "When they're down 5% in one quarter.

If you've got enough money to solve the problem, you don't have the problem." In

And I think it's a prudent, responsible way, given the scale of the emergency, the scale of the damage still facing America, that we finance these additional support for the unemployed as well as the support for small business. We think there's a good case for doing it now. We want to do it in an overall fiscally responsible way.

I personally believe that there's going to be a good case for the government preserving some type of guarantee to make sure that people have the ability to borrow to finance a house even in a very damaging recession. I think there's going to be a good case for that.

Statistics show that those who make $10,000 or less tend to give away 5.5 percent of their income, while those who make $100,000 or more give only 2.9 percent.

The predominant view was that budgets should be balanced and money supplies tightened. This, as we know today, only made matters worse.