Quotes About Assets

Inventory is all the money that the system has invested in purchasing things which it intends to sell." I

Inventory is all the money that the system has invested in purchasing things which it intends to sell.

Growth firms get more of their value from investments that they expect to make in the future and less from investments already made.

In the intrinsic valuation chapter, we observed that the value of a firm is a function of three variables—its capacity to generate cash flows, its expected growth in these cash flows, and the uncertainty associated with these cash flows.

I cannot call riches better than the baggage of virtue. The Roman word is better, impedimenta. For as the baggage is to an army, so is riches to virtue.

We invest in real estate, equity shares, etc. My father takes care of it and my wife helps too.

I do real estate.

To me, I love real estate because you can feel it.

What you want to do is you want to own as little sort of hard infrastructure as possible, and your real value is your name and how you build that up.

I am more rich in goods than I am in money.

Every company's greatest assets are its customers, because without customers there is no company.

Keep the operating entities—the ones that deal with the public—away from the asset-owning entities.

Consider having the operating entities hold fewer assets and lease expensive assets from the asset-owning entities.

By contrast, limited liability companies, limited partnerships, and corporations offer much greater protection.

The owners' liability is limited to the monies they used to start the corporation, not all of their other personal assets.

you don't want a lot of assets in one LLC (or LP). An LLC that holds ten properties is a much bigger target than ten LLCs each holding one property. In the first case, a fall at one property exposes the other nine properties to attack.

By using separate LLCs we have the certainty that assets in a remote LLC will not be exposed to claims brought against a target LLC. The series LLC does not offer such certainty.

That argument worked until the state of California decided that each series would be taxed as a separate LLC. So instead of paying just $800 for one series LLC in California you would pay, in our four-asset example, $3,200 for the series—the same as if you'd used four separate LLCs with greater certainty of protection.

LLCs are favored for asset-holding entities.

That's why any money you'll need within the next five years should be removed from stocks and put into cash or cash equivalents like government bonds.

I don't own any stocks or bonds. All my money is tied up in debt.

there are two fundamentally different kinds of wealth:

Childfree women are actually great assets to the planet. Our carbon footprint is smaller than a mom's! And we have enough money to write checks to organizations that help kids get vaccinations, vitamins, and educations yet have plenty of free time to advise your daughter that one day she will regret piercing her lip.

In the struggle between capital and labor, more often than not capital has won, because the real source of value for most companies has historically been the hard assets that they owned and controlled.