Quotes About Assets

The first thing I got was a jet. And it's the last thing I'd get rid of if I go bankrupt.

The problem with rich lists is... it is impossible to know what someone is worth until they have died and you have sold it.

If the investor doesn't have enough time and skill to investigate individual stocks or enough money to diversify a portfolio, the right thing to do is to invest in exchange-traded funds that give you exposure to asset classes. It does make sense for the individual investor to think in terms of holding individual asset classes.

Let every man divide his money into three parts, and invest a third in land, a third in business, and a third let him keep in reserve. —Talmud (c. 1200 BC–AD 500)

Your best creative assets do not occur unless you do a mental shift. You have to be in a positive frame of mind because inspiration is fleeting. I walk to work for inspiration and to clear my mind.

The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before.

No time back then or since has there been much discussion of the significance of Roosevelt's executive order on July 26, 1941 that froze all Japanese assets in the US. This occurred four months before Pearl Harbor. It essentially created an oil embargo on the Japanese. Such sanctions are a deeply flawed policy that we continue to use today, to our detriment.

The goal of retirement is to live off your assets-not on them

Education attainment is a kind of achievement that nobody can seize from us as the assets we own in our regular lives because we earned it with the use of our own knowledge and creativity.

Ninety percent of all millionaires become so through owing real estate.

When I was at JP Morgan, they burdened me with assets until I broke." "What do you mean?" "You start chasing lousy businesses just to put the money to work." "How?" I asked. "Because there are only so many good investments out there.

the best way to reduce paying estate taxes is to give your assets away before they appreciate.

The point here is to do something. Not just anything, not waste our time just blowing off steam. Let's all of us pick some part of our exploitative economy that especially galls us, consider our own assets and aptitudes, and change our behavior.

Even for taxable clients, mutual fund managers supervised the assets in very much the same way, simply ignoring the tax impact and passing the tax liability through to largely unsuspecting fund shareholders.

Always valuable, your attention has now also become one of your most insecure assets and most-sought-after possessions.

Our corporate executives speculate with their shareholders' assets because they get big personal rewards when they win—and even if they lose, they are often bailed out with public funds by obedient politicians. We privatize profit and socialize risk. The

Our corporate executives speculate with their shareholders' assets because they get big personal rewards when they win—and even if they lose, they are often bailed out with public funds by obedient politicians. We privatize profit and socialize risk.

accurate balance sheet, which I do about once a year.

Wealth, which I use synonymously with the accountants' term net worth, shows how rich you are now, whereas income measures how much money your wealth, labor, and ingenuity are currently generating.

It's that increase in net worth from year to year that takes you up the ladder of wealth. To measure your increase in wealth from one year to the next, compare the yearly balance sheets. Divide the difference by the beginning wealth to get your percentage change for the year. This gives you an idea of how fast you are compounding. If you also construct an income statement for the period, the net income after expenses should match your change in net worth.

The big three for most investors are equities, interest rate securities, and real estate. Each accounts for about a quarter of the total net worth of US households, though the proportions fluctuate, particularly when an asset class experiences a boom or a bust.

Never be afraid to meet to the hilt the demand of either work, or friendship - two of life's major assets.

I was impressed for the ten thousandth time by the fact that literature illuminates life only for those to whom books are a necessity. Books are unconvertible assets, to be passed on only to those who possess them already.

Ordinary people can be easily tempted with the property assets, material objects and gold but the visionary person can be only attracted with the good deeds and wise words told by a hearty soul.