Quotes About Finance

Money, endless money, is the sinews of war," wrote Cicero in his Philippics (43 BC). Not only money, but credit, too.

These funds are called vultures because they feed on "dead" bonds in default.Complaining that "these hedge funds who have bought the bonds at 20-30 cents to a dollar … now want to be repaid in full citing contractual obligations

In fact, they are not taught in any university departments: the dynamics of debt, and how the pattern of bank lending inflates land prices, or national income accounting and the rising share absorbed by rent extraction in the Finance, Insurance and Real Estate (FIRE) sector. There was only one way to learn how to analyze these topics: to work for banks. Back in the 1960s there was barely a hint that these trends would become a great financial bubble.

The Godfather, Part III (1990): Vincent Mancini: Don Lucchesi, you are a man of finance and politics. These things I don't understand. Don Lucchesi: You understand guns? Vincent Mancini: Yes. Don Lucchesi: Finance is a gun. Politics is knowing when to pull the trigger.

There are no good or bad horses, just correctly or incorrectly priced ones. This principle holds across all probabilistic domains: again, the goal is to get more than you pay for.

You have a margin of safety when you buy a stock at a price that is substantially less than its value. As Graham noted, the margin of safety "is available for absorbing the effect of miscalculations or worse than average luck.

Despite his doubts, Fred came through, pledging his own equity toward his son's success—an early sign that although the father himself had no interest in taking on Manhattan, he would stand by his son, helping him at key moments in the formative years of Donald's career. Fred would also personally back construction loans from Manufacturers Hanover Trust, guaranteeing that the bankers would be paid even if Donald's venture collapsed. For

The CDO was, in effect, a credit laundering service for the residents of Lower Middle Class America. For Wall Street it was a machine that turned lead into gold.

In Bakersfield, California, a Mexican strawberry picker with an income of $14,000 and no English was lent every penny he needed to buy a house for $724,000.

That was the problem with money: What people did with it had consequences, but they were so remote from the original action that the mind never connected the one with the other.

A thought crossed his mind: How do you make poor people feel wealthy when wages are stagnant? You give them cheap loans.

The men on the trading floor may not have been to school, but they have Ph.D.'s in man's ignorance.

The former soldiers pledged allegiance to their bank accounts,

Designed to leave the world's economic destiny at the mercy of bankers and multinational corporations, Globalization is a logical extension of imperialism, a victory of empire over republic, international finance capital over democracy.

We're trying to exploit people's reaction, which is embedded in prices and leads to trends.

Keep down your losses—never let them get away from you. Let your profits take care of themselves.'"6

One of the biggest mistakes most investors make is believing they've always got to be doing something . . . the trick in investing is not to lose money . . . the losses will kill you. They ruin your compounding rate; and compounding is the magic of investing.

The aim is to make money, not to be right

commodities, currencies, interest rates, credit, and equities.1

Real estate was the world's favorite money-laundering currency,

siempre había sentido cierto desprecio por el capitalismo financiero. Pensaba que en realidad no se podía inventar el dinero, tarde o temprano acababa notándose la diferencia, la referencia a cualquier producción de bienes tarde o temprano resultaba indispensable

When I got started eons ago, I had a $1,000 deductible. Today, most of my policies have a $5,000 deductible and some have a $10,000 deductible.

The more income you report, the higher the market value of your rentals.

Turnovers are by far, your biggest expense. The fewer you have, the more money you will make.