Quotes About Money

After all, the whole point of investing is not to earn more money than average, but to earn enough money to meet your own needs.

Why should the future returns of stocks always be the same as their past returns? When every investor comes to believe that stocks are guaranteed to make money in the long run, won't the market end up being wildly overpriced? And once that happens, how can future returns possibly be high?

risks therein must be assumed by someone. * There is intelligent speculation as there is intelligent investing. But there are many ways in which speculation may be unintelligent. Of these the foremost are: (1) speculating when you think you are investing; (2) speculating seriously instead of as a pastime, when you lack proper knowledge and skill for it; and (3) risking more money in speculation than you can afford to lose.

And I suspect that Graham and Dodd have been ignored by those who suffer from the misconception that trying to make serious money requires that one take serious risks.

There is intelligent speculation as there is intelligent investing. But there are many ways in which speculation may be unintelligent. Of these the foremost are: (1) speculating when you think you are investing; (2) speculating seriously instead of as a pastime, when you lack proper knowledge and skill for it; and (3) risking more money in speculation than you can afford to lose.

knows the price of everything, and the value of nothing.

Hemos visto ganar y conservar mucho más dinero a «personas comunes» que estaban temperamentalmente bien dotadas para el proceso de inversión que a otras personas que carecían de esta buena predisposición anímica, aunque tuviesen un gran conocimiento de las finanzas, la contabilidad y la historia del mercado de valores.

If you receive a 2% raise in a year when inflation runs at 4%, you will almost certainly feel better than you will if you take a 2% pay cut during a year when inflation is zero. Yet both changes in your salary leave you in a virtually identical position—2% worse off after inflation.

intelligent investor designates a tiny portion of her total portfolio as a "mad money" account. For most of us, 10% of our overall wealth is the maximum permissible amount to put at speculative risk. Never mingle the money in your speculative account with what's in your investment accounts; never allow your speculative thinking to spill over into your investing activities; and never put more than 10% of your assets into your mad money account, no matter what happens.

One technique that can be helpful: See which leading professional money managers own the same stocks you do. If one or two names keep turning up, go to the websites of those fund companies and download their most recent reports. By seeing which other stocks these investors own, you can learn more about what qualities they have in common; by reading the managers' commentary, you may get ideas on how to improve your own approach.3

In our own stock-market experience and observation, extending over 50 years, we have not known a single person who has consistently or lastingly made money by thus "following the market." We do not hesitate to declare that this approach is as fallacious as it is popular.

Why do you suppose the brokers on the floor of the New York Stock Exchange always cheer at the sound of the closing bell—no matter what the market did that day? Because whenever you trade, they make money—whether you did or not.

It is a book of truths, that money and power are not the right ambitions of a virtuous man, but that justice, charity, and humility will bring you contentment.

They make laws that no one wants, then make money disagreeing with each other what the damned law means, and the more they disagree the more money they make, but still they go on making laws, and they make them ever more complicated so that they can get paid for arguing ever more intricately with one another! I grant you they're clever buggers, but God, how I hate lawyers.

Only a fool leaves cash where a servant can find it,' he said.

a fool and his money are easily parted.

Descobri em minha longa vida que a maioria dos homens da Igreja prega os méritos da pobreza enquanto corre atrás da riqueza. Adoram dinheiro, e a Igreja atrai dinheiro como uma vela atrai mariposas.

So in everything: power lies with those who control finance, not with those who know the matter upon which the money is to be spent. Thus, the holders of power are, in general, ignorant and malevolent, and the less they exercise their power the better.

Leibniz was somewhat mean about money. When any young lady at the court of Hanover married, he used to give her what he called a wedding present, consisting of useful maxims, ending up with the advice not to give up washing now that she had secured a husband. History does not record whether the brides were grateful.

One of the most powerful of all our passions is the desire to be admired and respected. As things stand, admiration and respect are given to the man who seems to be rich. This is the chief reason why people wish to be rich. The actual goods purchased by their money play quite a secondary part.

The extent to which beliefs are based upon evidence is very much less than believers suppose. Take the kind of action which is most nearly rational: the investment of money by a rich City man. You will often find that his view (say) on the question whether the French franc will go up or down depends upon his political sympathies, and yet is so strongly held that he is prepared to risk money on it.

But what the typical modern man desires to get with it is more money, with a view to ostentation, splendour, and the outshining of those who have hitherto been his equals. The social scale in America is indefinite and continually fluctuating. Consequently all the snobbish emotions become more restless than they are where the social order is fixed, and although money in itself may not suffice to make people grand, it is difficult to be grand without money.

His worship of money is bound up with his consciousness of inward defeat. And in the modern world generally, it is the decay of life which has promoted the religion of material goods; and the religion of material goods, in its turn, has hastened the decay of life on which it thrives. The man who worships money has ceased to hope for happiness through his own efforts or in his own activities: he looks upon happiness as a passive enjoyment of pleasures derived from the outside world.

London is a weary place, where it is quite impossible to think or feel anything worthy of a human being - I feel horribly lost here. Only the river and the gulls are my friends; they are not making money or acquiring power.