Quotes About Finance

Second, he is credited with almost single-handedly devising the financial rescue package that saved New York City from bankruptcy in 1975, standing tall against President Gerald Ford and his incendiary refusal to help.

A budget tells us what we can't afford, but it doesn't keep us from buying it.

One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.

If you want to make a million you don't have to understand money, what you have to understand is people's fears about money

Time is money, but also money is money.

We cannot now stir a step in our life without capital. We cannot build a school, a hospital, a church, or employ a missionary society, without capital, any more than we could build a palace or a factory without capital. We

As Kahn put it, the secret of investing could be expressed in one word: "safety." And the key to making intelligent investment decisions was always to begin by asking, "How much can I lose?

Consider the brutal mathematics of financial loss: if you lose 50 percent on an ill-considered bet, you'll need a 100 percent gain just to get back to where you started.

If you want to become "a stock market master," he explained, "stick to buying good companies (ones that have a high return on capital) and to buying those companies only at bargain prices (at prices that give you a high earnings yield).

In the deregulated realm of US banking and finance, crime does occasionally pay for its foul deeds, not in prison time but by making modest rebates to the victims.

If US per capita income continues to grow at a rate of 1.5 percent a year, the country will have plenty of money to finance comfortable retirements and high-quality healthcare for all citizens, including those at the bottom of the wage ladder.

Marriage and Money

Young Hamilton was even then coming into his own as the most energetic and brilliant of the nationalists, with a strong interest in the connections between national finance and national military power.

The thing is, I don't believe in most of what's done. The amount of financial and imaginative energy that's put into mediocrity is just amazing which I find to be fundamentally offensive as a human being.

The primary function of financial capitalism is to efficiently funnel money from those with an excess of it to those who need it.

First, we invest now so that we may spend later. In fact, this is the essence of investing: the forbearance of immediate spending in exchange for future income. Because of the mathematics of compound interest, spending even a tiny fraction on a regular basis devastates final wealth over the long haul.

I'm amused when financial planners and academics talk about methods that predict a 40-year success rate of, say, 95%. If you think about it, this implies that our political and financial institutions will remain intact for about the next millenium (40 years divided by a failure rate of 5% equals 800 years). Considering the history of human civilization, this is a pretty heroic assumption.

Although you should not let your emotional responses dictate your allocation, you do need to sleep at night, and your personal preferences are an important part of your asset class structure.

If you are such an individual and become upset when one of your asset classes does poorly, even when the rest of your portfolio is doing well, then you should not be managing your own money.

market history shows that when there's economic blue sky, future returns are low, and when the economy is on the skids, future returns are high;

Una acción o bono sólo vale el ingreso que produzca en el futuro.

The concept that all useful information has already been factored into a stock's price, and that analysis is futile, is known as 'The Efficient Market Hypothesis' (EMH).

The five major domestic asset classes you should use are: large market, small market, large value, small value, REITs.

Because we cannot predict the future, we diversify. —Paul Samuelson