Finance Quotes - Page 18

• The arrangement bore the same relation to actual finance as fantasy football bears to the NFL.

  Michael Lewis

  Football, Business, Nfl

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• The Treasury's plan has little for those outside of the financial industry. It is aimed at rescuing the same financial institutions that created this crisis with the sloppy underwriting and reckless disregard for the risk they were creating, taking or passing on to others.

  Richard Shelby

  Business, Passing On, Creating

  "CNN Newsroom" with Heidi Collins, www.cnn.com. September 23, 2008.

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• In the past six months, our federal government has devised a dozen strategies to save America's financial markets. Each plan has been more costly, more risky, and less aligned with the principles of our country's free market economy than the last. I am disappointed to say that this latest plan puts all the rest of them to shame.

  Michael Enzi

  Country, Business, Past

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• Wall Street got drunk and now it's got a hangover. And the question is, how long will it sober up and not try to do those fancy financial instruments?

  George W. Bush

  Business, Wall, Hangover

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• In an ideal world, one populated by vegetarians and Esperanto speakers, derivatives would be used for one thing only: reducing levels of risk. The list of individual traders who have lost more than a billion dollars at a time betting on derivatives is not short.

  John Lanchester

  Business, Risk, Lists

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• The City is, in terms of its basic functioning, a far-off country of which we know little.

  John Lanchester

  Country, Business, Cities

  John Lanchester (2010). “I.O.U.: Why Everyone Owes Everyone and No One Can Pay”, p.23, Simon and Schuster

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• For me, if I had all the money in the world, and I could finance my own films, I would do whatever.

  Rob Reiner

  World, Film, My Own

  Source: www.avclub.com

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• The bigger problem still is that it determines in many ways what movies get made in the first place. Because as sources of finance are considering a project, they ask themselves, "Does this lend itself to a simplistic marketing approach which will guarantee a big opening weekend?" As a movie-goer, I think that's tragic, because when you look back at those movies that made us fall in love with movies in the first place, most of them were not high-concept, and most of them would not have "won their weekend."

  Curtis Hanson

  Falling In Love, Weekend, Thinking

  Source: www.avclub.com

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• When I became finance minister in 1991, I discovered that the wealth tax rates income - there was taxation on wealth. It was so atrocious and so high that actually nobody could accumulate money in an honest way. I removed that tax, and the result was that Indian companies for the first time acquired an incentive to grow big, to grow rich.

  Manmohan Singh

  Way, Firsts, Income

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• In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.

  Warren Buffett

  Business, Mass Destruction, Views

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• The range of derivatives contracts is limited only by the imagination of man (or sometimes, so it seems, madmen). Say you want to write a contract speculating on the number of twins to be born in Nebraska in 2020. No problem-at a price, you will easily find an obliging counterparty.

  Warren Buffett

  Business, Writing, Men

  Warren Buffett (2009). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.74, John Wiley & Sons

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• Discipline allows you to trade effectively. You can take your ego out of it. You can go wrong 60, 70% of the time and still make a lot of money. If you ignore the discipline of managing risk, you have to be right 80% of the time or more, and I don't know anyone who's that good.

  Larry Rosenberg

  Business, Discipline, Ego

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• There is time to go long, time to go short and time to go fishing.

  Jesse Lauriston Livermore

  Business, Fishing, Long

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• Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds.

  Alexander Elder

  Business, Odds, Challenges

  Alexander Elder (2002). “Come Into My Trading Room: A Complete Guide to Trading”, p.12, John Wiley & Sons

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• Now, in an analysis of campaign finance filings by Politico we learned the [Donald] Trump campaign has paid Trump businesses more than $8 million so far in this race, that includes $1.3 million in rent for campaign offices, half a million for food and facilities for events, over $300,000 for corporate staffers, and nearly $6 million for the use of Trump`s private plane.

  Chris Hayes

  Race, Office, Events

  Source: www.msnbc.com

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• It was shameful that, after Haiti, Colombia was the second most unequal country in Latin America. But we've achieved some things; the inequality is coming down, and coming down fast. The growing economy has provided us with the funds to finance a very progressive social policy that has reduced extreme poverty. We have the lowest inflation rate of all Latin-America countries and the highest growth rate.

  Juan Manuel Santos

  Country, Latin, America

  "'Waging War Is More Popular than Negotiating'". Interview with Juliane von Mittelstaedt and Helene Zuber, www.spiegel.de. May 21, 2014.

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• 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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• The little I know of it has not served to raise my opinion of what is vulgarly called the Monied Interest; I mean, that blood-sucker, that muckworm, that calls itself the friend of government.

  William Pitt, 1st Earl of Chatham

  Business, Mean, Government

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• All these financiers, all the little gnomes of Zürich and the other financial centres, about whom we keep on hearing.

  Harold Wilson

  Business, Littles, Hearing

  'Hansard' 12 November 1956, col. 578

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