Quotes About Finance

The deficit is the symptom, but spending is the disease.

Markets are frequently ahead of, and often out of sync with, the economy.

The financial industry may not be synonymous with economics, but it does control a large enough sector of the global economy to sink us all, as was unnervingly demonstrated in 2008.

The Federal Reserve system obviously doesn't work anymore - they keep lowering the federal discount rate, and all that happens is that the banks are making a fortune, and the old folks' CDs are getting chewed up.

As many have pointed out, it is not clear that we need so many public sector banks. The system could be better off if they are consolidated into fewer but healthier banks.

It is not my belief that we need greater government regulation of hedge funds with respect to the systemic risk they create.

When it comes to policies of central bankers, the biggest systemic risk we have... are those policies.

Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms.

I'm not sure letting people at their money all the time is such a great idea. Even level-headed people make some pretty stupid decisions with a bellyful at three in the morning. I don't think adding ready cash to the equation is bound to help.

I'm involved in the stock market, which is fun and, sometimes, very painful.

Anyone who wants still further evidence of this truth can find it in the tremendous importance that economic factors take on nowadays, both in the lives of peoples and of individuals: industry, commerce, finance—these seem to be the only things that count; and this is in agreement with the fact already mentioned that the only social distinction that has survived is the one based on material wealth.

There were a lot of people dreaming about making films, and they would finance maybe 6 films a year. Because they were funded by the government, the films sort-of had to deal with serious social issues - and, as a result, nobody went to see those films.

When an international financier is confronted by a holdup man with a gun, he automatically hands over not only his money and jewelry but also his shirt and pants, because it doesn't occur to him that a robber might draw the line somewhere.

There are two times in a man's life when he should not speculate: when he can't afford it, and when he can." —Mark Twain

There's only one problem with market timing: It doesn't work.

It has been said that limited partnerships consist of investors who have the money and the general partner who has the experience. Later, the general partner has the money and investors have the experience.

you've got to earn more than the current combined rate of inflation and taxes in order for your money to grow in real terms.

So, simply divide whatever number you have— either the interest rate or the time —into the number 72, and the answer will be the number you need. If you divide the interest rate into 72, you'll get the time. If you divide the time into 72, you'll get the interest rate.

The category of small-cap value represents approximately 3 percent of the capitalization of the broad U.S. market.

The lesson we learn from Tables 2-2 and 2-3 is that higher volatility of returns leads to lower compounded returns and vice versa. Accordingly, any strategy that lowers the return volatility of the portfolio without lowering the simple average return will increase the compounded return.

The problem with long-term investing is the short term. Nothing destroys a good long-term plan like extreme short-term volatility. That throws people off track, and they often do things that are emotional rather than rational.

Investors who take no investment risk should expect no return after adjusting for inflation and taxes. Unfortunately, taking investment risk also means that you can and will lose money at times. There is simply no way around this. There is no free lunch.

There are no risk-free investments after taxes and inflation.

Overconfident investors generally believe that they have more knowledge and information than they actually have. As a result, they tend to trade too much and underperform the market.