Quotes on Finance

A man should keep his little brain attic stocked with all the furniture that he is likely to use, and the rest he can put away in the lumber-room of his library, where he can get it if he wants it.

FINANCE, n. The art or science of managing revenues and resources for the best advantage of the manager. The pronunciation of this word with the i long and the accent on the first syllable is one of America's most precious discoveries and possessions.

I worked with a group of people who argued day and night - professors, officials, the Minister of Finance - but there were decisions that I had to make.

More investment trusts securities were offered in September of 1929 even than in August - the total was above $600 million. However, the nearly simultaneous promotion of Shenandoah and Blue Ridge was to stand as the pinnacle of new era finance. It is difficult not to marvel at the imagination which was implicit in this gargantuan insanity. If there must be madness something may be said for having it on a heroic scale.

The reason that minorities and women dont have a better shot at getting elected to the Senate or to statewide office is because the campaign finance rules are so skewed as to make it very difficult for non-traditional candidates to raise the money necessary to get elected.

By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.

Last year I was on Pat Robertson's show, and we discussed our basic Christian faith - for instance, separation of church and state. It's contrary to my beliefs to try to exalt Christianity as having some sort of preferential status in the United States. That violates the Constitution. I'm not in favor of mandatory prayer in school or of using public funds to finance religious education.

I feel sorry sometimes for these sportsmen and women who put in just as much effort as the footballers. For example, athletes train at least as hard as footballers but have to be happy if they can earn enough to finance a decent education.

Representative government has broken down. Our politicians represent not the people who vote for them but the commercial interests who finance their election campaigns. We have the best politicians that money can buy.

Such a wife as I want... must be young, handsome I lay most stress upon a good shape, sensible a little learning will do, well-bread, chaste, and tender. As to religion, a moderate stock will satisfy me. She must believe in God and hate a saint.

A speculator is a man who observes the future, and acts before it occurs.

Finance that only talks to itself & deals with each other becomes socially useless

There is no part of the administration of government that requires extensive information and a thorough knowledge of the principles of political economy, so much as the business of taxation. The man who understands those principles best will be least likely to resort to oppressive expedients, or sacrifice any particular class of citizens to the procurement of revenue. It might be demonstrated that the most productive system of finance will always be the least burdensome.

Money must serve, not rule! The Pope loves everyone, rich and poor alike, but he is obliged in the name of Christ to remind all that the rich must help, respect and promote the poor. I exhort you to generous solidarity and a return of economics and finance to an ethical approach which favours human beings.

In almost every profession - whether it's law or journalism, finance or medicine or academia or running a small business - people rely on confidential communications to do their jobs. We count on the space of trust that confidentiality provides. When someone breaches that trust, we are all worse off for it.

Let's face a historical truth: we have never had a "free market", we have always had government intervention in the economy, and indeed that intervention has been welcomed by the captains of finance and industry. They had no quarrel with "big government" when it served their needs.

Money is like manure. You have to spread it around or it smells.

To invest successfully, you need not understand beta, efficient markets, modern portfolio theory, option pricing or emerging markets. You may, in fact, be better off knowing nothing of these. That, of course, is not the prevailing view at most business schools, whose finance curriculum tends to be dominated by such subjects. In our view, though, investment students need only two well-taught courses - How to Value a Business, and How to Think About Market Prices.

I do not regard a broker as a member of the human race.

Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble... to give way to hope, fear and greed.

I'm quite worried about the fiscal imbalances that we've got and what that might mean in terms of financial crisis ahead.