Quotes About Finance

Actually, if my business was legitimate, I would deduct a substantial percentage for depreciation of my body.

Creditors have better memories than debtors.

Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.

I just wanted to be a businessman, and to me, the best way to understand business was to be an accountant.

The reaction of weak management to weak operations is often weak accounting.

I am a better investor because I am a businessman, and a better businessman because I am no investor.

Don't try to buy at the bottom and sell at the top. It can't be done except by liars.

The stock market is a giant distraction to the business of investing.

It sounds extraordinary, but it's a fact that balance sheets can make fascinating reading.

Building your own business is the best way to become rich. Then you can begin investing in other assets.

When trust is lost, a nation's ability to transact business is palpably undermined.

The biggest lesson I learned in the bar business is to focus on revenues. Dollars, not dimes.

Reversion to the mean is the iron rule of the financial markets.

The idea that growth equals profitability is a misconception. If you can't afford the financial or qualitative side of growth, it can just as easily put you out of business.

If you don't invest in risk management, it doesn't matter what business you're in, it's a risky business.

You can't tax business. Business doesn't pay taxes. It collects taxes.

The politicians say 'we' can't afford a tax cut. Maybe we can't afford the politicians.

Know your numbers' is a fundamental precept of business.

I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence.

The only way one should buy stocks is if you understand the underlying business. You stay within the circle of competence. You buy businesses you understand.

If I have cash and I can't figure a way to put it into real estate or my business, I hold it in gold and silver.

The borrower is a slave to the lender and the debtor to the creditor.

Employees pay the highest percentage of taxes. Big business and investors pay the least.

Obvious prospects for physical growth in a business do not translate into obvious profits for investors.