Balance Sheets Quotes - Page 2

• Business is many things, the least of which is the balance sheet. It is a fluid, ever changing, living thing, sometimes building to great peaks, sometimes falling to crumbled lumps.

  Harold Geneen

  Business, Fall, Balance

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• Market values are fixed only in part by balance sheets and income statements; much more by the hopes and fears of humanity; by greed, ambition, acts of God, invention, financial stress and strain, weather, discovery, fashion and numberless other causes impossible to be listed without omission.

  Gerald M. Loeb

  Fashion, Business, Stress

  Gerald M. Loeb (2007). “Battle for Investment Survival”, p.2, John Wiley & Sons

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• When I started Netscape I was brand new out of college and all the aspects of building a business, like balance sheets and hiring people, were new to me.

  Marc Andreessen

  College, People, Balance

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• Nobody knows everything that's hidden in the balance sheets of banks. In fact, they are completely impenetrable.

  Jerome Kerviel

  Balance, Facts, Sheets

  Source: www.spiegel.de

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• The 'black armband' view of our history reflects a belief that most Australian history since 1788 has been little more than a disgraceful story of imperialism, exploitation, racism, sexism and other forms of discrimination. I take a very different view. I believe that the balance sheet of our history is one of heroic achievement and that we have achieved much more as a nation of which we can be proud of than which we should be ashamed.

  John Howard

  Believe, Views, Racism

  Sir Robert Menzies Lecture, 1996.

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• If you look at the balance sheet, the US is heavily in debt. If you look at the income account - the amount of interest the US pays abroad - it is almost exactly equal to the amount of interest that it receives from abroad. American assets held abroad are earning a higher rate of return than foreign assets held here.

  Milton Friedman

  Balance, Income, Looks

  Source: www.huffingtonpost.com

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• We rarely use much debt and, when we do, we attempt to structure it on a long-term fixed rate basis. We will reject interesting opportunities rather than over-leverage our balance sheet. This conservatism has penalized our results but it is the only behavior that leaves us comfortable, considering our fiduciary obligations to policyholders, depositors, lenders and the many equity holders who have committed unusually large portions of their net worth to our care.

  Warren Buffett

  Opportunity, Interesting, Long

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• The prestige of the Nobel Prize is due to many causes, but in particular to its twofold idealistic and international character: idealistic in that it has been designed for works of lofty inspiration; international in that it is awarded after the production of different countries has been minutely studied and the intellectual balance sheet of the whole world has been drawn up. Free from all other considerations and ignoring any but intellectual values, the judges have deliberately taken their place in what the philosophers have called a community of the mind.

  Henri Bergson

  Country, Taken, Inspiration

  Henri Bergson's acceptance speech (in the form of a letter) for the Nobel Prize in literature at the Nobel Banquet at Grand Hotel in Stockholm, www.nobelprize.org. December 10, 1928.

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• Bourgeois society is infected by monomania: the monomania of accounting. For it, the only thing that has value is what can be counted in francs and centimes. It never hesitates to sacrifice human life to figures which look well on paper, such as national budgets or industrial balance sheets.

  Simone Weil

  Sacrifice, Balance, Looks

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• Times of economic crises can change what the competitive landscape looks like, because when, for example, you have boom times, capital is easy to come by, growth is easy, sometimes what you focus on is, you know, how to accelerate in the boom. During economic crises, the question is, the companies that come out of, you know, that are sailing through that with the best liquidity, both assets on the balance sheet, making money, ability to grow their businesses, get a disproportionate competitive advantage.

  Reid Hoffman

  Focus, Sailing, Growth

  Source: bigthink.com

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• I passionately disagreed with Treasury Secretary Hank Paulson's plan to bail out the banks by using a public fund called the Troubled Asset Relief Program (TARP) to help banks take toxic assets off their balance sheets. I argued that it would be much better to put the money where the hole was and replenish the equity of the banks themselves.

  George Soros

  Balance, Toxic, Relief

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• While President Obama shirks his responsibility to advance solutions to our fiscal challenges, he can no longer hide from the merciless math of the balance sheet. Conservatives have made certain of that.

  Paul Ryan

  Responsibility, Math, Challenges

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• If cuts have to be made, the question then becomes which expenditure adds the least value? This is possibly what drives companies to reduce their advertising expenditure - simply because they do not understand its full value and especially as it is usually the single biggest investment on the balance sheet.

  Paul Dyson

  Business, Cutting, Balance

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• The basic question that the 'new science' raises for our balance sheet is the issue of what scientific questions have not been asked for 500 years, which scientific risks have not been pursued. It raises the question of who has decided what scientific risks were worth taking, and what have been the consequences in terms of the power structures of the world.

  Immanuel Wallerstein

  Issues, Years, Risk

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• We are led by lawyers who do not understand either technology or balance sheets.

  Thomas Friedman

  Technology, Feet, Balance

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• We will reject interesting opportunities rather than over-leverage our balance sheet.

  Warren Buffett

  Opportunity, Interesting, Balance

  Warren Buffett (2009). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.130, John Wiley & Sons

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• We need a new British business bank with a clean balance sheet and an ability to expand lending rapidly to the manufacturers, exporters and high-growth companies that power our economy. Today I can announce we will have one.

  Vince Cable

  Economy Today, Growth, Balance

  "Vince Cable reveals £1bn backing for business bank to help small firms" by Nicholas Watt, www.theguardian.com. September 23, 2012.

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• Then, when the Fed's fire hoses started spraying an elephant soup of liquidity injections in every direction, and its balance sheet grew by $1.3 trillion in just thirteen weeks compared to $850 billion during its first ninety-four years, I became convinced that the Fed was flying by the seat of its pants, making it up as it went along. It was evident that its aim was to stop the hissy fit on Wall Streetm and that the thread of a Great Depression 2.0 was just a cover story for a panicked spree of money printing that exceeded any other episode in recorded human history.

  David Stockman

  Wall, Years, Elephants

  "The Great Deformation: The Corruption of Capitalism in America". Book by David Stockman, 2013.

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• With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing.

  Toshihiko Fukui

  Balance, Glitter, Weak

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• What one thing does the world need most today-apart, that is, from the all-inclusive thing we call righteousness? Aren't you inclined to agree that what this old world needs is just the art of being kind? Every time I visit a factory or any other large business concern, I find myself trying to diagnose whether the atmosphere is one of kindliness or the reverse. And somehow, if there is palpably lacking that spirit of kindness, the owners ... have fallen short of achieving 24-carat success no matter how imposing the financial balance sheet may be.

  B. C. Forbes

  Art, Kindness, Atmosphere

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• I say that in jest a little bit, but Donald Trump is a blue collar guy with a balance sheet. That's the way he likes to have fun.

  Donald Trump, Jr.

  Fun, Blue, Guy

  Source: www.foxnews.com

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• Everybody is talking about synergies. You've got to take out every cost you possibly can. You have to position yourself as your services change.You have to think about in five years from now what is going to happen technologically to you. And then you do have to think about M&A or your balance sheet, and you have to think about everything in the context of, "Am I prepared to meet that challenge?".

  Ken Moelis

  Thinking, Talking, Years

  Source: nordic.businessinsider.com

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• What outsourcing causes - what it's caused by, rather. I understand, for instance, how to read a balance sheet. I happen to believe that having been in the private sector for twenty-five years gives me a perspective on how jobs are created - that someone who's never spent a day in the private sector, like President Obama, simply doesn't understand.

  Mitt Romney

  Jobs, Believe, Years

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• In business a reputation for keeping absolutely to the letter and spirit of an agreement, even when it is unfavorable, is the most precious of assets, although it is not entered in the balance sheet.

  Oliver Lyttelton, 1st Viscount Chandos

  Agreement, Balance, Letters

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• Most people think of the economy as producing goods and services and paying labor to buy what it produces. But a growing part of the economy in every country has been the Finance, Insurance and Real Estate (FIRE) sector, which comprises the rent and interest paid to the economy's balance sheet of assets by debtors and rent payers.

  Michael Hudson

  Country, Real, Thinking

  Source: www.counterpunch.org

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