Quotes About Finance

As the economy began to improve in the early 1940s, she made small deposits into five local savings banks for Kiki's education. Having lived through the crash, when banks closed their doors and customers' deposits vanished, she was unwilling to entrust all her savings to a single institution.

Understanding the fundamentals of accounting is a form of self-defense.

The investment game always involves considering both quality and price, and the trick is to get more quality than you pay for in price. It's just that simple.

Hedge funds have made massive leveraged credit bets, knowing that their upside is billions in fees and their downside is millions in fees.

Homeland security requires a secure homeland currency.

Starting a business on the side while keeping your day job can provide all the cash flow you need.

Past performance is no guarantee of future results.

Mortgages were less about getting people into property than getting them into debt. Someone had to absorb the surplus supply of credit.

Step by step, place became property, property became a mortgage, and mortgages became derivative investments.

Goldman Sachs and other investment banks understood the ensuing problem so well that they began betting against the very mortgage-backed securities they were underwriting!

Companies with new technologies are free to disrupt almost any industry they choose—journalism, television, music, manufacturing—so long as they don't disrupt the financial operating system churning beneath it all. Hell

An entrepreneur in debt is an entrepreneur in business.

We must achieve both security and solvency. In fact, the foundation of military strength is economic strength

For the next two weeks he stayed home while she "convalesced," reading to her and trying to conceal his renewed worries about money.87 The time for their general move to Washington was approaching; how he would finance it he simply did not know.

Financial repression returned to the West after 2008. Short-term rates in the United States and Europe were held below the level of inflation and remained negative in real terms for years on end.

The most encompassing view of interest is contained in the notion of interest as the 'time value of money' or, simply, as the price of time.

It was time to move on, which is why I'm now living here in the land of the cuckoo clock. Didn't someone once say, "all successful careers in finance end up in Switzerland?

As Bastiat understood, a very low rate of interest may benefit the rich, who have access to credit, more than the poor.

Gotham admired Maeve. By day she managed money, and did it brilliantly, but she didn't find it satisfied her intellect. She spoke four languages. She played the piano seriously well. And she read books. Lots of them.

Unfortunately he's just sold all his stock. We gave him the funds today." "Sold everything?" "I tried to persuade him not to, but he came in on Monday and said he'd decided not to tempt fate." The clerk smiled. "Said he'd had a sign from St. Anthony.

And in 1694, the last year of his life, he was allowed to see one thing more. In that year, after much discussion, the city of London gained a new institution. Financed by a number of prominent London merchants, it was a joint stock bank. Its function was to finance long-term government debt by issuing bonds on which interest was payable. They called it the Bank of London.

Never try to sell at the top. It isn't wise. Sell after a reaction if there is no rally.

Money does not give a trader more comfort, because, rich or poor, he can make mistakes and it is never comfortable to be wrong.

They say you never grow poor taking profits. No, you don't. But neither do you grow rich taking a four-point profit in a bull market.