Quotes About Finance

The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.

I probably don't make as much money as people think I make. I make more than the usual medium household. I'm one of the few middle class actors out there. The microcosm of Hollywood reflects the macrocosm of international finance.

Economic and financial crisis are getting much more usual, and they are not confined to a given country but they immediately spread all over the world, and you have to be prepared for that.

Hedge-fund managers make too much money relative to their social utility. I wish their rewards were a bit closer to those of, say, schoolteachers.

You can make great money in a utility type of business by borrowing cheaply and lending sensibly but that's not what's being done.

When I was growing up, my parents put money into food, utility bills, and the mortgage.

It is almost always a bad idea to use a reverse mortgage to pay for a vacation or to buy a risky investment, like stocks or deferred annuities.

In 1991, I didn't have $2,000 to go on vacation.

When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency. So the purchasing power that we lose, somebody else gets.

As befits Silicon Valley, 'big data' is mostly big hype, but there is one possibility with genuine potential: that it might one day bring loans - and credit histories - to millions of people who currently lack access to them.

Traditionally, we think that people with ideas are innovators - that Silicon Valley is the world of ideas. But within the hedge-fund world, they believe that they are men of ideas - that the trade is unto itself one of ideas.

I would say Silicon Valley and New York have inflated salaries.

Silicon Valley has infinite access to capital and can lose money indefinitely.

People working in the private sector should try to save money. There remains the possibility that it may someday be valuable again.

While it's wonderful that investors have access to all the data now available to them, it has become a full-time job to sift through it and separate out the valuable news from the useless noise.

I sold my most valuable possession, but I knew that because I worked at Hewlett Packard, I could buy the next model calculator the very next month for a lower price than I sold the older one for!

The longer you hold a dollar, the longer you hold money, the more valuable it becomes over time. So the younger you are, the more ability you have to hold money longer term.

One valuable lesson I learned is that buying cheap is very important. Buying without debt is also very important. Leverage is your enemy.

When I was a teenager, the most valuable American companies were in finance and manufacturing.

Fear, greed and hope have destroyed more portfolio value than any recession or depression we have ever been through.

There is no such thing as a value trap. There are investing mistakes.

I think that I know the value of a dollar.

You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.

The value of a dollar is social, as it is created by society.