20 Quotes Tagged: finance

I try not to borrow, first you borrow then you beg.

Rule No. 1 : Never lose money. Rule No. 2 : Never forget Rule No. 1.

No one ought even to desert a woman after throwing her a heap of gold in her distress! He ought to love her forever! You are young, only twenty-one, and kind and upright and fine. You'll ask me how a woman can take money from a man. Oh, God, isn't it natural to share everything with the one we owe all our happiness to? When one has given everything, how can one quibble about a mere portion of it? Money is important only when feeling has ceased. Isn't one bound for life? How can you foresee separation when you think someone loves you? When a man swears eternal love — how can there be any separate concerns in that case?

Money's greatest intrinsic value - and this can't be overstated - is its ability to give you control over your time . To obtain ,bit by bit, a level of independence and autonomy that comes from upspent assets that give you greater control over what you can do and when you can do it .

Investasi adalah kunci kebebasan keuangan.

"Fashion models and financial models are similar. They bear a similar relationship to everyday world. Like supermodels, financial models are idealized representations of the real world, they are not real, they don't quite work the way that the real world works. There is celebrity in both worlds. In the end, there is the same inevitable disappointment" - Satyajit Das, Traders, Guns & Money

For nearly four years you have had an Administration which instead of twirling its thumbs has rolled up its sleeves. We will keep our sleeves rolled up. We had to struggle with the old enemies of peace — business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering. They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob.

Does a population have informed consent when that population is not taught the inner workings of its monetary system, and then is drawn, all unknowing, into economic adventures?

"Years ago, I dated a lovely young woman who was a few thousand dollars in debt. She was completely stressed out about this. Every month, more interest would be added to her debts.
To deal with her stress, she would go every Tuesday night to a meditation and yoga class. This was her one free night, and she said it seemed to be helping her. She would breathe in, imagining that she was finding ways to deal with her debts. She would breathe out, telling herself that her money problems would one day be behind her.
It went on like this, Tuesday after Tuesday.
Finally, one day I looked through her finances with her. I figured out that if she spent four or five months working a part-time job on Tuesday nights, she could actually pay off all the money she owed.
I told her I had nothing against yoga or meditation. But I did think its always best to try to treat the disease first. Her symptoms were stress and anxiety. Her disease was the money she owed.
"Why don't you get a job on Tuesday nights and skip yoga for a while?" I suggested.
This was something of a revelation to her. And she took my advice. She became a Tuesday-night waitress and soon enough paid off her debts. After that, she could go back to yoga and really breathe easier."

My take is that smart financiers wait until aha before they climb aboard the bandwagon. Entrepreneurs need to bridge the capital gap from idea to aha with expertise, not capital or sophisticated market research.

"NEVER accept "conventional wisdom" when it comes to finance. If others keep failing, why do you want to follow them?"

You still could go to some industry or some university or the government and if you could persuade them you had something on the ball — why, then, they might put up the cash after cutting themselves in on just about all of the profits. And, naturally, they'd run the show because it was their money and all you had done was the sweating and the bleeding.

Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.

If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.

Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending