Assets Quotes - Page 30

Pondering must turn out to be your cash asset, regardless of whichever ups and downs you occur throughout in the everyday living.

Abdul Kalam

Everyday, Cash, Pondering

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[A] major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions. ...the wealthiest 5 percent of households held nearly two-thirds of all such assets in 2013

Janet Yellen

Two, Financial, Wealth

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When this crisis began, crucial decisions about what would happen to some of the world's biggest companies - companies employing tens of thousands of people and holding trillions of dollars in assets - took place in hurried discussions in the middle of the night. We should not be forced to choose between allowing a company to fall into a rapid and chaotic dissolution or forcing taxpayers to foot the bill.

Barack Obama

Fall, Night, People

Obama Wall Street Speech, www.huffingtonpost.com. November 14, 2009.

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My biggest asset is my combination of size and speed.

Chad Ochocinco

Size, Speed, Combination

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Sourav's greatest asset is his ability to communicate. He is a naturally very confident person. He encourages his team, is a great motivator and a born captain. He is not the media's blue eyed boy because he is a very straightforward person, who never minces his words, instead he talks in a no nonsense manner to the press. He shares an extremely healthy rapport with his teammates. His leadership skills are also vouched for by the youngsters in the team. He has phenomenal brand value. He's the new-age Indian, an aggressive go-getter, full of self-belief, determination.

Ravi Shastri

Determination, Team, Boys

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I mean, we must act with intelligence. We must work on this framework, so that immigration becomes an asset to both nations. Believe me, what - just the Mayor Bloomberg said here in New York, that this city would be stopped, totally stopped if it were not by the immigrants working here.

Vicente Fox

New York, Believe, Mean

"Former Mexican President Vicente Fox Debates Immigration Issue With Bill". "The O'Reilly Factor" with Bill O'Reilly, www.foxnews.com. October 9, 2007.

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Capital investment in fixed assets that produce real goods is the actual driver of long term economic growth, and until slick financiers hijacked the country with 'new economy' mumbo-jumbo based on computer models and hype most Americans understood this.

Richard Karn

Country, Real, Hype

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Edge also implies what Ben Graham....called a margin of safety. You have a margin of safety when you buy an asset at a price that is substantially less than its value. As Graham noted, the margin of safety 'is available for absorbing the effect of miscalculations or worse than average luck.' ...Graham expands, "The margin of safety is always dependent on the price paid. It will be large at one price, small at some higher price, nonexistent at some still higher price."

Michael Mauboussin

Average, Safety, Luck

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At the core of an analytical edge is an ability to systematically distinguish between fundamentals and expectations. Fundamentals are a well thought out distribution of outcomes, and expectations are what's priced into an asset. A power metaphor is the [pari-mutuel] racetrack. The fundamentals are how fast a given horse will run and the expectations are the odds on the tote board. As any serious handicapper knows, you make money only by finding a mispricing between the performance of the horse and the odds. There are no 'good' or 'bad' horses, just correctly or incorrectly priced ones.

Michael Mauboussin

Running, Horse, Odds

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Our attitude toward cash generation and asset management came out of our own thought process. After we acquired a number of businesses we reflected on aspects of business. Our own conclusion was that the key was cash flow.

Henry Earl Singleton

Attitude, Keys, Cash Flow

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If an asset has cash flow or the likelihood of cash flow in the near term and is not purely dependment on what a future buyer might pay, then it's an investment. If an asset's value is totally dependent on the amount a future buyer might pay, then its purchase is speculation.

Seth Klarman

Cash Flow, Might, Pay

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Value investors will not invest in businesses that they cannot readily understand or ones they find excessively risky. Hence few value investors will own the shares of technology companies. Many also shun commercial banks, which they consider to have unanalyzable assets, as well as property and casualty insurance companies, which have both unanalyzable assets and liabilities.

Seth Klarman

Technology, Commercial Banks, Share

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It's a great asset to you, on your first film, to bring some people with you from the television world because they understand the speed that you have to work with to get your grand ideas down.

Alfonso Gomez-Rejon

Ideas, People, Television

Source: collider.com

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You see the assets of your actors and you see their strengths and you try to play into them. It's like I feel part of my job is as a coach. I'm putting a team on the field and you want to formulate how to make the best game out of these players.

James Mangold

Jobs, Team, Player

Source: collider.com

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There's no such thing as a value company. Price is all that matters. At some price, an asset is a buy, at another it's a hold, and at another it's a sell.

Seth Klarman

Matter, Company, Sells

"Jason Zweig Interviews Seth Klarman At CFA Institute Annual Conference". Interview with Jason Zweig, www.gurufocus.com. July 15, 2010.

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It is ludicrous to believe that asset bubbles can only be recognized in hindsight.

Michael Burry

Believe, Hindsight, Bubbles

"Betting On The Blind Side" by Michael Lewis, www.vanityfair.com. April 2010.

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I still believe that for good business analysts a concentrated portfolio is a good strategy combined with a long term horizon. Once again, the secret to success in following the formula strategy is patience, a quality in short supply for both professionals and individual investors alike. I think investors should have a large portion of their assets in equities over time.

Joel Greenblatt

Believe, Thinking, Should Have

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Flexible approach - will look at ALL asset classes.

Seth Klarman

Class, Looks, Approach

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When excesses such as lax lending standards become widespread and persist for some time, people are lulled into a false sense of security, creating an even more dangerous situation. In some cases, excesses migrate beyond regional or national borders, raising the ante for investors and governments. These excesses will eventually end, triggering a crisis at least in proportion to the degree of the excesses. Correlations between asset classes may be surprisingly high when leverage rapidly unwinds.

Seth Klarman

Creating, Dangerous Situations, Government

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Financial innovation can be highly dangerous, though almost no one will tell you this. New financial products are typically created for sunny days and are almost never stress-tested for stormy weather. Securitization is an area that almost perfectly fits this description; markets for securitized assets such as subprime mortgages completely collapsed in 2008 and have not fully recovered. Ironically, the government is eager to restore the securitization markets back to their pre-collapse stature.

Seth Klarman

Stress, Government, Weather

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Beware leverage in all its forms. Borrowers - individual, corporate, or government - should always match fund their liabilities against the duration of their assets. Borrowers must always remember that capital markets can be extremely fickle, and that it is never safe to assume a maturing loan can be rolled over. Even if you are unleveraged, the leverage employed by others can drive dramatic price and valuation swings; sudden unavailability of leverage in the economy may trigger an economic downturn.

Seth Klarman

Government, Swings, Fickle

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Black-Scholes works for short-term options, but if it's a long-term option and you think you know something [about the underlying asset], it's insane to use Black-Scholes.

Charlie Munger

Thinking, Long, Black

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Berkshire's whole record has been achieved without paying one ounce of attention to the efficient market theory in its hard form. And not one ounce of attention to the descendants of that idea, which came out of academic economics and went into corporate finance and morphed into such obscenities as the capital asset pricing model, which we also paid no attention to. I think you'd have to believe in the tooth fairy to believe that you could easily outperform the market by seven-percentage points per annum just by investing in high volatility stocks.

Charlie Munger

Believe, Thinking, Ideas

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In every analysis you need to isolate what the real assets are and you must not forget to examine the franchise to do business, to review the character and competence of the management and to estimate the outcome if the whole business had to be turned into cash.

Peter Cundill

Real, Character, Needs

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A good memory is one of the most precious assets of spiritual living.

Max Anders

Spiritual, Memories, Good Memories

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