Quotes About Finance

In my political career, I'd like to see a constitutional balanced budget amendment.

The financial instability and sometimes insecurity that families feel, deeply motivates how they respond politically.

America is militarily overstretched, politically polarized and financially indebted.

A constant in my approach to investing: You should think politically but unconventionally.

I get the feeling a lot of politicians are there to help themselves financially, first and foremost. I don't really need to do that, and I thought if I could do something for sport in Scotland, that would be really fulfilling.

Monetary discipline forces fiscal discipline on the politicians as well.

The best and brightest don't go into politics. The best and brightest are at Goldman Sachs.

The biggest misconception people have about me is that when they see how young I am, they think, 'Oh, this guy must have always wanted to be in politics; his parents must have been politically connected.' I'm a finance major and always intended to go into business.

Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I'm the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.

If the country's poorer, it's got less money.

Baseball is a poorly run business.

So if you see me popping up on 'Cats Does Countdown,' you know Kath needs a bit of money.

Money is a bubble that never pops. It's a consensus hallucination.

I don't know what a credit bubble means. I don't even know what a bubble means. These words have become popular. I don't think they have any meaning.

There is a strong link between the following three things: exporting, manufacturing and the degree of saving by the population. It's complicated, but if the population doesn't save, the economy will not tend to export as much, and if it doesn't export as much, it won't manufacture enough.

Port investments entail a lot of money, and having a partner who can share the risk makes a lot of sense. Often, it makes sense to have a local partner.

As a portfolio manager, when do you start advising to your clients that they have some cryptocurrency exposure? When will there be an index fund, a mutual fund of cryptocurrencies? It will happen.

When you read that UBS did not even view parts of its mortgage portfolio as having market risk, it becomes very obvious that a number of firms were not dotting the i's and crossing the t's when it comes to risk management.

Americans no longer look to government for economic security; rather, they look to their portfolios.

Owning equities is an essential part of anyone's portfolio. You just can't ignore it over time. It's going to add the real pop to anyone's overall performance.

The good thing about a dealer's derivatives portfolio is that it is marked to market.

Children should be taught in school that you should have all kinds of asset classes in your portfolio. They should be taught what those asset classes are, and their advantages and disadvantages.

What I do for a living is so high-risk that I try to make sure my portfolio is as conservative as possible.

People might just decide, 'Yeah, I'll diversify my portfolio. I'll live in a rental.' That is a very sensible thing for many people to do.