Quotes About Finance

The rule will often be here reiterated: financial genius is before the fall. I

The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version. All financial innovation involves in one form or another, the creation of debt secured in greater or lesser adequacy by real assets.

the speculative episode always ends not with a whimper but with a bang.

Speculation, it has been noted, comes when popular imagination settles on something seemingly new in the field of commerce or finance.

Financial capacity and political perspicacity are inversely correlated. Long-run salvation by men of business has never been highly regarded if it means disturbance of orderly life and convenience in the present. So inaction will be advocated in the present even though it means deep trouble in the future. Here, at least equally with Communism, lies the threat to Capitalism. It is what causes men who know that things are going quite wrong to say that things are fundamentally sound.

dementia to come forward to capture the financial mind. It is also the time generally required for a new generation to enter the scene, impressed, as had been its predecessors, with its own innovative genius.

There can be few fields of human endeavor in which history counts for so little as in the world of finance.

The rule is that financial operations do not lend themselves to innovation. What

There is nothing in economic life so willfully misunderstood as the great speculative episode. T

The first is the extreme brevity of the financial memory. In consequence, financial disaster is quickly forgotten.

The rule will often be here reiterated: financial genius is before the fall.

Leverage was magnificently available

For a long time the New York Stock Exchange looked with suspicion on the investment trusts; only in 1929 was fisting permitted.

In the larger history of economics and finance, no year stands out as does 1929. It is, as I have elsewhere observed—like 1066, 1776, 1914, 1945, and now, perhaps, with the collapse of Communism, 1989—richly evocative in the public memory.

if you're dumb enough to get caught cheating, you probably don't belong on Wall Street.

Basis points," or "bp," represent one hundredth of a percent, in reference to the yield, or cost of borrowing. "Area" is a term that simply means "plus or minus"; sometimes it is quantified and sometimes it is left intentionally undefined. This

Poorer students take out larger loans and will have to contribute more to the cost of higher education.

I very much support financial education in schools.

Financial literacy is an issue that should command our attention because many Americans are not adequately organizing finances for their education, healthcare and retirement.

I'm not emotional about investments. Investing is something where you have to be purely rational and not let emotion affect your decision making - just the facts.

There are no safeguards that can protect the emotional investor from himself.

Filmmaking, at the end of the day, is a business and a balance must be struck between that and emotional ties.

The Fair Tax Equation: T=I(I(.000001))

Markets are fundamentally volatile. No way around it. Your problem is not in the math. There is no math to get you out of having to experience uncertainty.