Finance Quotes - Page 12

• To suppose that the value of a common stock is determined purely by a corporation's earnings discounted by the relevant interest rates and adjusted for the marginal tax rate is to forget that people have burned witches, gone to war on a whim, risen to the defense of Joseph Stalin and believed Orson Welles when he told them over the radio that the Martians had landed.

  James Grant

  Business, War, People

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• There is no human feeling to the US securities markets and sometimes no discernible evidence of human intelligence either. But they work.

  Robert J. Eaton

  Business, Feelings, Sometimes

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• Investing in the market without knowing what stage it is in is like selling life insurance to 20 year olds and 80 year olds at the same premium.

  Victor Sperandeo

  Business, Years, Knowing

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• Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if it gets there.

  William Eckhardt

  Business, Thinking, Ifs

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• One market paradigm that I take exception to is: Buy low and sell high. I believe far more money is made by buying high and selling at even higher prices.

  Richard Driehaus

  Business, Believe, Buying

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• I have noticed that everyone who has ever tried to tell me that markets are efficient is poor.

  Larry Hite

  Business, Poor, Efficient

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• The biggest public fallacy is that the market is always right. The market is nearly always wrong. I can assure you of that.

  Jim Rogers

  Business, Fallacy, Always Wrong

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• Profit has to be a means to other ends rather than an end in itself.

  Charles Handy

  Business, Mean, Ends

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• If there is excitement in their lives, it is contained in the figures on the profit and loss sheet. What an indictment.

  Anita Roddick

  Business, Loss, Excitement

  Anita Roddick (1994). “Body and soul: profits with principles, the amazing success story of Anita Roddick & the Body Shop”, Three Rivers Press

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• Short-term can be terminal.

  Mark McCormack

  Business, Profit, Term

  Mark H. McCormack (2016). “What They Don't Teach You at Harvard Business School: Notes from a Street-smart Executive”, p.164, Bantam

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• I think Mitt Romney has demonstrated repeatedly he has a penchant for - for secrecy, doesn't seem to have any interest in actually showing the American people his - his finances, decision - important decisions about his investments, refuses to come clean on his time at Bain Capital and when he was really there, and, you know, be held accountable for the outsourcing of jobs and the off-shoring of jobs and shipping jobs overseas.

  Mitt Romney

  Jobs, Thinking, People

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• 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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• It is a sound principle of finance, and a still sounder principle of government, that those who have the duty of expending the revenue of a country should also be saddled with the responsibility of levying and providing it.

  Wilfrid Laurier

  Country, Responsibility, Government

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• The FHA's success provides strong evidence that government can and should play a role in the nation's mortgage finance system. It also demonstrates that although government intervention in the economy during the Great Recession was messy, things would have been a lot messier without it.

  Mark Zandi

  Strong, Government, Play

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• There is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie Mac. The two giant housing-finance institutions made many mistakes over the decades, some of them real whoppers, but causing house prices to soar and then crater during the past decade weren't among them.

  Mark Zandi

  Real, Mistake, Past

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• The free-trade idea, logically applied, will abolish usury; and with usury will disappear the chief bone of contention between labor and capital. But, just at this point, free-traders go over to the enemy; and many writers on political economy, in flat contradiction of the essential principles of that science, have made elaborate arguments to prove self-government in finance, impossible! What shall we think of men who, having dethroned kings, demolished popes, destroyed slave oligarchies and assailed tariff monopoly, advise submission to the most oppressive and dishonest of despotisms, Usury?

  Ezra Heywood

  Kings, Men, Thinking

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• Campaign finance and ethics reform only works if it curtails all special interest groups equally and does not carve out any exceptions to benefit one party or another. 'Pay to play' reform was passed to limit the influence of big spending contractors over the public officials from whom they are trying to obtain work.

  Thomas Kean, Jr.

  Party, Play, Trying

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• I'm the finance minister of a bankrupt country!

  Yanis Varoufakis

  Country, Ministers

  "Greek debt plan suffers blow as ECB cuts banks’ access to cash" by Jacquelin Magnay, www.swcs.com.au. February 6, 2015.

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• In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.

  Janet Yellen

  Jobs, Decision, Boards

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• The longer I go on, the more I am aware of the power of finance.

  Justin Welby

  Goes On

  "The Saturday interview: Justin Welby, Bishop of Durham". Interview with Giles Fraser, www.theguardian.com. July 20, 2012.

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• If I finance a bank and I know if the bank will get in trouble I will be hit and I will lose money, I will put a price on that.

  Jeroen Dijsselbloem

  Trouble, Knows, Ifs

  "What Dijsselbloem Really Said: Full 'On The Record' Transcript". Interview with Tyler Durden and Luke Baker, www.zerohedge.com. March 26, 2013.

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• I had three weeks of prep on 'Wolfman,' a ridiculously inadequate amount of time to try to bring together the fractured and scattered pieces of the production. I had taken the job mostly because I had a cash flow problem, the only time in my career I've ever let finances enter into the decision process.

  Joe Johnston

  Jobs, Taken, Cash Flow

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• Nobody wants campaign finance reform more than me. It would save me a fortune.

  Andrew Tobias

  Reform, Campaigns, Want

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• My batting average has been good, so people ask how much luck is involved. I tell them when I work 14 hours a day, 7 days a week, I get lucky.

  Armand Hammer

  Business, Average, People

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• With all due respect to Microsoft and Intel, there is no substitute for being in the right place at the right time.

  Andy Grove

  Business, Luck, Microsoft

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