Accounting Quotes - Page 8

• Altough we all realize that monotony is boring, almost every form of industrial work- banking, accounting, mass-producing, service- is monotonous, and most people are paid for simply putting up with monotony

  Alan Watts

  People, Banking, Realizing

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• I, who am king of the matter I treat, and who owe an accounting for it to no one, do not for all that believe myself in all I write. I often hazard sallies of my mind which I mistrust.

  Michel de Montaigne

  Trust, Kings, Believe

  Michel de Montaigne (1958). “Complete Essays”

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• I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life. Now, that's crazy. And if you look at the Forbes 400, they are paying a lower rate, accounting payroll taxes, than their secretary or whomever around their office. On average. And so I think that actually people in my situation should be paying more tax. I think the rest of the country should be paying less.

  Howard Warren Buffett

  Country, Crazy, Thinking

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime - Charlie Rose Interview". Interview with Charlie Rose, www.cnbc.com. October 1, 2008.

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• There is no other proposition in economics that has more solid empirical evidence supporting it than the Efficient Market Hypothesis... In the literature of finance, accounting, and the economics of uncertainty, the EMH is accepted as a fact of life.

  Michael Jensen

  Investing, Literature, Facts

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• The status quo is a very powerful opiate and when you have a system that seems to be working and producing profits by the conventional way of accounting for profits. It's very hard to make yourself change. But we all know that change is an inevitable part of business. Once you have ridden a wave just so far, you have to get another wave. We all know that. For us, becoming restorative has been that new wave and we have been riding it for 13 years now. It's been incredibly good for business.

  Ray Anderson

  Business, Powerful, Responsibility

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• Unfortunately, WorldCom is not the only company caught up in this kind of accounting scandal. The impact this will have on the general public is yet to be seen.

  Bennie Thompson

  Business, Impact, Scandal

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• Marco's [Rubio] had this hanging over his head for a long time. I've been hearing about his credit card problems for so long, what he did with the Republican Party. You had people that doing the checking, accounting people and other people - I mean, they were devastated that nothing was done with Rubio because of what he did.

  Donald Trump

  Party, Mean, Long

  Source: www.foxnews.com

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• Oil production, energy production are growing, though the latter has gone down by about 1 percent here, I believe... By the way, we occupy the first place in the world in gas export, accounting for 20 percent of the world market. We are also first in the sphere of liquid hydrocarbons export.

  Vladimir Putin

  Believe, Oil, Energy

  Source: thesaker.is

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• What we take anything to be profoundly affects how we go about describing it, and how we describe something profoundly affects how we go about explaining, accounting for, or understanding what is what we are, in a sense, defining, by our description.

  R. D. Laing

  Understanding, Defining, Description

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• If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates.

  Marc Faber

  Issues, Government, Bills

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• It is crucial that we develop real awareness of ourselves as citizens of Earth, linked by mutual and indissoluble bonds. When we clearly recognize this reality and ground ourselves in it, we are compelled to take a strict accounting of our way of life.

  Daisaku Ikeda

  Real, Way, Citizens

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• Today brands are everything, and all kinds of products and services - from accounting firms to sneaker makers to restaurants - are figuring out how to transcend the narrow boundaries of their categories and become a brand surrounded by a Tommy Hilfiger-like buzz.

  Tom Peters

  Sneakers, Buzz, Today

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• In a way, I think we all want to look to that journalistic voice as a kind of global omniscience, a big eye to correct for our own limited purview: "Here's a realistic accounting of the world in which we live."

  Karen Russell

  Eye, Thinking, Voice

  Source: www.guernicamag.com

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• Between a tyrant and a prince there is this single or chief difference, that the latter obeys the law and rules the people by its dictates, accounting himself as but their servant.

  John of Salisbury

  Law, Tyrants, Differences

  "Policraticus". Book by John of Salisbury, Bk. 4, ch. 1, 1159.

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• Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting.

  James Rickards

  Balance, Bankers, Purpose

  James Rickards (2014). “The Death of Money: The Coming Collapse of the International Monetary System”, p.14, Penguin

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• Never measure literature by accounting statistics. A quarter of working authors earn less than $1,000.

  Rita Mae Brown

  Literature, Statistics, Quarters

  Rita Mae Brown (2011). “Starting from Scratch: A Different Kind of Writers' Manual”, p.121, Bantam

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• As the titanic losses were racking up, Fannie Mae's operators, Franklin Raines and Jamie Gorelick, disguised the catastrophe by orchestrating a $5 billion accounting fraud - all the while continuing to pressure banks to make absurd, politically correct loans and denouncing Republicans as enemies of the poor.

  Ann Coulter

  Loss, Enemy, Pressure

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• I talked to one accountant, a very nice fellow who I would have been glad to have his family marry into mine. He said, "What these other accounting firms have done is very unethical. The [tax avoidance scheme] works best if it's not found out [by the IRS], so we only give it to our best clients, not the rest, so it's unlikely to be discovered. So my firm is better than the others." [Laughter] I'm not kidding. And he was a perfectly nice man. People just follow the crowd...Their mind just drifts off in a ghastly way.

  Charlie Munger

  Laughter, Nice, Men

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• When individual enterprise is free and unhampered, profit-and-loss calculations set precise limits to a businessman's temptations to expand his services... a government valuable they may be, have no market price and, therefore, cannot be subjected to profit-and-loss accounting.

  Hans F. Sennholz

  Loss, Government, Temptation

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• Fashion is not just about what we wear, but...fashion is also a business. It is an art, it's a career that involves science, engineering, accounting and so much more. People can learn about the math behind Charles James' designs, and think, 'Maybe I should pay closer attention to geometry this semester'

  Michelle Obama

  Fashion, Art, Math

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• Accounting incomes were reduced by discrepancy [ but] "the net amount paid by lawyers for lawyerly discrepancy is close to zippo. In this case, the goddess of justice was blind.

  Charlie Munger

  Justice, Income, Lawyer

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• In engineering, people have a big margin of safety. But in the financial world, people don't give a damn about safety. They let it balloon and balloon and balloon. It's aided by false accounting.

  Charlie Munger

  Engineering, People, Safety

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• The SEC does way more good than harm - the last thing I would do is get rid of the SEC...if accounting were thoroughly fixed, a lot of other sins would go away. We're paying a huge price for deterioration of accounting.

  Charlie Munger

  Going Away, Doe, Deterioration

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• On a personal level, as a Christian, it will not be Barbra Streisand I'm standing in front of when I have to make an accounting of my life.

  Patricia Heaton

  Christian, Levels, Standing

  Interview with Bill O'Reilly (2002), later quoted in Larry W. Poland "Chasm: Crossing the Divide Between Hollywood and People of Faith" (p. 73), June 1, 2014.

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• And when the chickens that didn't hatch come home to roost, we will rue the day when, misled by sloppy accounting and rosy scenarios, we gave away the national nest egg.

  Paul Krugman

  Home, Eggs, Nests

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