Quotes About Money

And so, in the end, the question of markets is really a question about how we want to live together. Do we want a society where everything is up for sale? Or are there certain moral and civic goods that markets do not honor and money cannot buy?

A growing body of work in social psychology offers a possible explanation for this commercialization effect. These studies highlight the difference between intrinsic motivations (such as moral conviction or interest in the task at hand) and external ones (such as money or other tangible rewards). When people are engaged in an activity they consider intrinsically worthwhile, offering them money may weaken their motivation by depreciating or crowding out their intrinsic interest or commitment.

Being good at making money measures neither our merit nor the value of our contribution.

As soon as public service ceases to be the chief business of the citizens, and they would rather serve with their money than with their persons, the state is not far from its fall.

If I had been playing for money I would have complained a long time ago that I was underpaid.

It's called fractional reserve banking. Before

Population Control / Pocket Billions $$$; Mass Extinction Event.

Permanecí en silencio. No quería decirle que aquello era una práctica común. No quería contarle que en el mundo de los negocios los secretos son dinero, que el miedo es una arma, que el conocimiento es poder.

Waste your money and you're only out of money, but waste your time and you've lost a part of your life.

When you're a conservative Republican, you never think people are making money by ripping other people off," he said. His mind was now fully open to the possibility. "I now realized there was an entire industry, called consumer finance, that basically existed to rip people off.

No matter how successful you are, change is always good. There can never be a status quo. When you have no money you can't afford long-term solutions, only short-term ones. You have to always be upgrading. Otherwise you're fucked.

Years later he would say that when he'd decided to become a professional baseball player, it was the only time he'd done something just for the money, and that he'd never do something just for the money ever again. He would never again let the market dictate the direction of his life.

The line between gambling and investing is artificial and thin. The soundest investment has the defining trait of a bet (you losing all of your money in hopes of making a bit more), and the wildest speculation has the salient characteristic of an investment (you might get your money back with interest). Maybe the best definition of "investing" is "gambling with the odds in your favor.

What are the odds that people will make smart decisions about money if they don't need to make smart decisions—if they can get rich making dumb decisions?

Investment bankers make money for a living.

It's taboo," he said. "When they ask you why you want to be an investment banker, you're supposed to talk about the challenges, and the thrill of doing deals, and the excitement of working with such high-calibre people, but never, ever mention money.

When you're a conservative Republican, you never think people are making money by ripping other people off

I have a job to do. Make money for my clients. Period. But boy it gets morbid when you start making investments that work out extra great if a tragedy occurs.

Corporate finance, which services the corporations and governments that borrow money, and that are known as "clients," is, by comparison, a refined and unworldly place. Because they don't risk money, corporate financiers are considered wimps by traders.

lot of that money went to big grain producers. The same Republican senators from farm states who said they abhorred government spending of almost any sort became radical socialists when the conversation turned to handouts to big grain producers. "The money follows the political power of the constituencies

Writing a check separates a commitment from a conversation. —Warren Buffett

some broker somewhere took out a handsome fee for himself, without necessarily doing much work.

BAFU. Billions and All Fucked Up.

Why did investment banking pay so many people with so little experience so much money? Answer: When attached to a telephone, they could produce even more money. How could they produce money without experience? Answer: Producing in an investment bank was less a matter of skill and more a matter of intangibles—flair, persistence, and luck.