Quotes about finance

The media's job is not to inform you it is to get eyeballs. Eyeballs lead to advertising revenue. That means they need people to read stuff and view stuff. Telling everyone things are going to work out just fine doesn't get eyeballs the way feeding into fear does. That doesn't just explain financial news it explains most of the news.

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

Money should not direct you to what to do and what not to do the giver of the money is responsible for playing that role.

Our culture has at its core the idea that more is better. Many of us design our lives around this belief. And yet the underlying qualities that truly affect happiness are not advanced one whit by having more material things. More peace of mind is gained by allowing ourselves to be satisfied with what we already have. More joy is not bought it is found in our hearts.

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

The basic scam in the Internet age is pretty easy even for the financially illiterate to grasp. It was as if banks like Goldman were wrapping ribbons around watermelons, tossing them out fiftieth-story windows, and opening the phones for bids. In this game you were a winner only if you took your money out before the melon hit the pavement.

If you owe ten pounds to the Bank of England, you get thrown in jail, but if you owe a million pounds, they invite you to sit on the Board

[Al-Qaeda's supporters] are aware of the cracks in the Western financial system as they are aware of the lines in their own hands

Not a single person has died of boredom reading this book.

Right, you see that girl over there, the one in that group that keeps looking right at you?'...'Right, let's say I'm convinced she's wearing black knickers - she looks like a black knickers kind of gal to me - and I'm so sure that's what she's wearing, so positive of that sartorial fact, I want to bet a million dollars on it. The trouble is, if I'm wrong, I'm wiped out. So I also bet she's wearing knickers that aren't black, but are any one of a whole basket of colours - let's say I put nine hun

The mutual fund industry has been built, in a sense, on witchcraft.

Many small businesses would rather face an angry barbarian horde than tackle their cash flow statement or price a new product.

If you don’t laugh reading this book I’ll eat my pocket protector. Wait, did I just admit I had a pocket protector?

I see dead Presidents. Lincoln, Jefferson, Franklin, and Washington.

Finance is the art of passing currency from hand to hand until it finally disappears

They don't try to trade 'reality', they try to tradeother people's perceptions of reality. If a market is dominated by enough technical traders, it could lapse into a 'postmodern' state, with traders trading perceptions of perceptions of reality.

The struggle for Financial Freedom is very unfair. Just look at the rewards.

Saving is a great habit but without investing and tracking, it just sleeps

When an international financier is confronted by a holdup man with a gun, he automatically hands over not only his money and jewelry but also his shirt and pants, because it doesn't occur to him that a robber might draw the line somewhere.

You should RULE your money, Money shouldn't RULE your Life.

Invest in yourself. your career is the engine of your wealth.

...there should be no place in a portfolio for hedge funds. There are lots of reasons, but the main one is simple: Investing in hedge funds is a great way to increase the odds of underperformance.

I never use hedge funds because I am well aware of what drives future performance, and hedge funds start out with a great disadvantage in every major category: taxes, fees, risk management, transparency and liquidity.

The stock market cares about only one thing above all else: anticipated earnings. If companies make more money, their share prices eventually rise. The stock price is simply a reflection of a company's earning power. Everything else is noise.

Rather than be fearful and sell out at the worst time or get greedy when the market is way up, investors should control their emotions and not only avoid panic, but embrace the market volatility for what it is: an opportunity and a gift. Suffocate the instincts that want to make you a bad investor and rather embrace the chaos that normally causes them to rise to the surface.

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Gold belongs only in the portfolios of fearmongers and speculators. If you own gold in your portfolio, expect to not get paid an income, pay higher taxes on your returns, take a more volatile ride than the stock market, and get a long-term return lower than bonds.

Financial illiteracy is like being in a rain storm and trying to jump in between the raindrops... eventually it all catches you at the same time.

Cruelty links all three primitives [pleasure, pain, and desire]: Spinoza defines it as the desire to inflict pain on someone we love or pity. Financial speaking, cruelty is analogous to a convertible bond whose debt and equity depend on three economic underliers: the stock price, the level of interest rates, and the credit worthiness of the company's debt.

There are no good or bad stocks. The company is either good or bad. Stocks are just stocks.

Everyday i meet with clients including widows and divorcees who have the same fears about money and it's my role to empower them, and women in general, to take control of their finances and create a plan.

Creating a complete picture of a company financial health, by looking at periodic financial statements, is like turning a hamburger into a cow

Smart Risk will shatter the emotional myths to investing and help Canadians see the opportunities in today's volatile market.

There is ample evidence that confirmation bias permeates throughout investors' decisions. For example, once an investor likes a stock, he is likely to seek out information that validates that stock. In a 2010 study, researchers showed that investors used message boards to seek out information that validated rather than challenged, stocks they owned (Park et al. 2010). If we own a stock, we tend to look for anything that validates our decision to buy it, and to reinforce why we should keep holdin

I make 2+2=5, and I get to keep the remaining 1 that’s not really there. I truly am a Master of the Universe. I don’t just do “God’s work,” as our CEO once put it, it’s more like I’ve actually become a god myself.

Being an investment banker is pretty much the perfect job for an all around triple-threat genius, and because I’m doing so well with it, I know I’m actually smarter than certifiable geniuses like Stephen Hawking and Einstein.

If skeptic can weakly force E, then he can force E.

Monetary policy does not work like a scalpel but more like a sledgehammer.

[T]he ABCP market was built on a fatal flaw: a significant mismatch between the duration of the underlying assets (long-term) and the duration of the paper itself (short-term). While this structure is not unusual -- banks use it all the time -- the crucial difference is that banks have a strong liquidity provider in the event of a problem: the Bank of Canada. The trusts, however, were left in limbo.

So why didn't ABCP investors -- at least the large institutional investors -- have a better grasp of the uncertain nature of market disruption triggers as defined under Canadian-style liquidity? Probably because the contracts were not available for review to investors wishing to purchase ABCP -- yet another example of the lack of transparency surrounding the distribution and sale of this product.

After the meeting, Guay met with Verville for a debriefing. Guay reports that Verville said that all investors would have to roll to avoid a market collapse. Guay told Verville that on Monday, at the first chance to roll its maturing paper, the Caisse should not be the only investor rolling in a particular trust. If that happened, it would end up in a worse position than not rolling at all.

You do pay a price for your Financial Freedom, but it is far lesser than what you pay for a Lifetime Slavery.

In life's journey, having the ability to predict the future gives us an unfair advantage. If we can understand the laws of cause and effect, anyone can predict the future. What we do today leads us to tomorrow's destination.Why does this simple truth seem to be difficult for most people to understand?

All through time, people have basically acted and reacted the same way in the market as a result of greed, fear, ignorance, and hope. That is why the numerical formations and patternsrecur on a constant basis. Over and over, with slight variations. Because markets are driven by humans and human nature never changes.

Get into Investment Banking

The reason for what a certain stock does today may not be known for two or three days, or weeks, or months. But what the dickens does that matter? Your business with the tape is now - not tomorrow! The reason can wait. But you must act instantly or be left.

Trader has to reverse what you might call his natural impulses. Instead of hoping he must fear; instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.

God is looking for godly people to send to the world of finances to subdue it for him.

Civil war tends to give a helping hand to the velocity of currency, Ukraine can attest to that. However, it is quite an unpleasant way to find the intrinsic value of worthlessness.

We need to pay as much attention to the MEANS, as to the END! This is the biggest principle of SUCCESS..The END is so enticing, that we lose sight of the details altogether..Success lies in the DETAILS!

I was convinced that I was totally incompetent in predicting market prices - but that others were generally incompetent also but did not know it, or did not know they were taking massive risks. Most traders were just "picking pennies in front of a steamroller," exposing themselves to the high-impact rare event yet sleeping like babies, unaware of it.

...you can ruin your credit in one seemingly responsible afternoon, but rebuilding it takes years.

Prosperity starts in ones heart not their pocket.

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

A budget tells us what we can't afford, but it doesn't keep us from buying it.

I love supporting blue chip companies’ revival. Shows wise when you are on the top and you are still not ignorant & arrogant to realise your weaknesses.

The picture of bankers slavering after bonuses soon after they had been rescued by government bailouts was not only outrageous but also pitiable - pitiable because they were clamoring for their primary measure of self-worth and status to be restored

No man can always have adequate reasons for buying or selling stocks daily - or sufficient knowledge to make his play an intelligent play.

The ‘do nothing everything will be all right’ default plan is determined by the IRS and government.

Exploitation to finance a beach house in Hawaii was one thing. Doing it to feed your kids was another.

After all it is not what you make, it is what you keep or pass on.

The personal checks and balances that most of us bring to bear when we are employed in other activities - we ask ourselves if we are producing a socially useful product - operate less well in finance because, with few exceptions, making money is the Raison d'être (reason for existence) for the financier

Our entire economy is based on productivity measures that have little to do with “human input”. Sooner or later the entire system will collapse revealing the fallacy of an economy based on finance.

Dear all, Hello to everyone, now I am seated in ergonomic chair in my office, this blog is generally written for every single guy who has complaint against his divine, but has anyone ponder on it, why a person faces crisis in his life? some guys always blame on god for their pathetic condition, in reality they are behind their chaos, as far as I am concerned improper thinking and poor decision making downgrade a person to marsh, especially we can see its example in investment , number of guys sp

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

One peek inside his top drawer had been enough for Sophie. Swimming goggles, nail clippers, a Ferragamo tie wound into a tight coil, and packets of Gulden's Spicy Brown Mustard. None of that compared to Ira Blumenstein's gold tooth, Kenneth Yang's Darth Vader lollipop, or Rich Angstrom's Magic 8 Ball.

But, in truth, it had not exactly been gold, or even the promise of gold, but more like the fantasy of gold, the fairy dream that the gold is there, at the end of the rainbow, and will continue to be there forever - provided, naturally, that you don't go and look. This is known as finance.

A huge mistake that many of us make is to work hard our entire life for money and not require money to work for us in return.

Hedge funds have made massive leveraged credit bets, knowing that their upside is billions in fees and their downside is millions in fees.

Those who say don't know, those who know don't say

The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.

Money is a tool. Used properly it makes something beautiful- used wrong, it makes a mess!

SHIT, OR GET OFF THE POT

In order to create something new, to invent a new product or idea, you need to anticipate where things are headed. That requires a mixture of certain habits of mind. You need to foster imagination, thoroughly understand the origins of past ideas, learn from others’ mistakes, talk to lots of people about ideas and test your hypotheses against people both alive and dead.

The stock market is almost magical because it always leads the economy. It goes down long before the economy drops and then heads higher long before the economy rebounds. It always has.

The art of investing is not about figuring out what has already happened. It’s about anticipating the futureand creating the future that others will read about in The Wall Street Journal.

Corruption,' Jordan Belfort believes, 'is endemic to human being. I mean, even men in monasteries - where enticement is hard to come by – even men in those circumstances have sex with other men and abuse children. Look at the Catholic Church! Man is an imperfect animal and he is corruptible, okay? And in finance, the liquid nature of the market makes corruption very easy. On Wall Street, this liquidity is so in your face -' he suddenly grits his teeth - 'that if you have even the slightest predi

We've been sold a dream of savings and investing that had no basis in any history or reality. We were participants in a vast experiment, a hope that personal finance and investments would do it all for us. We now know that for all too many people, it did not.

Things change, not only in one’s life but also in the economyand on the political scene, and it pays to be aware. Is the foundationof your financial house secure, with an income that isguaranteed? Have you built solid walls, investing appropriately,and keeping inflation at bay? Are you living under a reliableroof, with assets positioned to grow? Is your house insulatedand sturdy, safe from any economic storm?

The ascent of money has been essential to the ascent of man.

There is much more to wealth than simply a bank account with many zeros. A well-balanced, whole life is made up of wealth and success that comes from many facets; family, friends, work, faith, it is the complete person who works on each of these areas and creates the whole,

I believe that the true definition of wealth is loving what you have rather than what you don’t have.

Instead of stocks investors should invest in blankets, that way they’ll at least have something to keep them warm after they’ve lost all their money when the company goes under.

Leverage is a term that makes us sound very sophisticated and wise when we use it. Let’s analyze what it really means.

A company could use bricks to measure their growth rate. How many bricks have angry investors thrown at you lately? If the answer is none, then your growth rate is probably pretty good… for the moment.

As a rabbi, I’ve spent long hours counseling people I’ve married, and in each case I like to talk with the couple about not only compatibility and love, but also their relationship with money. If you and your partner are not in the same financial mind-frame, then chances are your marriage won’t work. You can’t be an army of one when you are married. Financial problems are the number one cause of divorce.

There is no romance without finance.

My people have more know-how in dealing with money than any other people on earth. It is not just a stereotype. I have traveled the world, and everywhere I go, Jews are always represented within the wealthiest sector of people in their countries. During the last 2,000 years, Jews have been expelled or turned away from almost every country in the world, but over and over again, they have been able to re-settle, start from nothing, and build significant wealth in new lands.

My grandfather created a fortune that allowed him to live in luxury. He also went on to build the first industrial building in an area of San Paulo that eventually became one of the largest wholesale neighborhoods in the world. When my grandfather passed away, he left millions of dollars to my family as an inheritance. That inheritance, however, would have been worthless if he had not also given us his legacy of personal responsibility and work ethic. My grandfather refused to be defined by othe

Ignorance is bliss, except when it hurts

My grandfather used to say ‘It is my house I am paying the bills’,my dad used to say ‘this is my house I pay the mortgage’,my generation is saying this is my house I pay the rent.

If you're in 'HELL', you're in a bank.If you're in 'HEAVEN', you're on the other side of the counter.Signed....A Goldman Sachs Representative

[C]ritics of Canadian securities regulators sometimes point out that a number of high-profile US securities cases have resulted in prison sentences for the offenders, while incarceration for Canadian securities law violators seems very rare...[A]s has often been noted, incarceration is far more frequent in the United States for crimes of all kinds, yet it is not usually suggested that this is proof that the United States is generally a safer place to live than Canada.

In many ways the effect of the crash on embezzlement was more significant than on suicide. To the economist embezzlement is the most interesting of crimes. Alone among the various forms of larceny it has a time parameter. Weeks, months, or years may elapse between the commission of the crime and its discovery. (This is a period, incidentally, when the embezzler has his gain and the man who has been embezzled, oddly enough, feels no loss. There is a net increase in psychic wealth.) At any given t

People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.

In bad countries the government takes care of everyone. In the best ones that's not necessary!‏

The sense that just about anything goes with the collection of public revenues and the making of public expenditure has contributed mightily to the current malaise.

The pillars of classical liberalism call for flat taxes, with revenues put to limited uses; strong property rights; and free markets.

The desire to avoid short-term hardships leads to major dislocations in [housing] markets.