Financial Quotes - Page 24

• Living above your means is financial sin.

  Jesse Jackson, Jr.

  Mean, Sin

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• There has to be a balance between your mental satisfaction and the financial needs of your company.

  Alexander McQueen

  Balance, Needs, Satisfaction

  "Alexander McQueen obituary" by Imogen Fox, www.theguardian.com. February 11, 2010.

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• Applaud us when we prevail, correct us when we fail; but, above all, do not let this indispensable, irreplaceable institution wither, languish or perish as a result of Member States' indifference, inattention or financial starvation.

  Kofi Annan

  Inattention, Indifference, Failing

  Kofi Atta Annan (1998). “The quotable Kofi Annan: selections from speeches and statements by the Secretary-General”, United Nations

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• Intuition is neither the ability to engage prophecy
  nor a means of avoiding financial loss or painful relationships.
  It is actually the ability to use energy data
  to make decisions in the immediate moment.

  Caroline Myss

  Mean, Loss, Data

  Caroline Myss (2010). “Anatomy Of The Spirit”, p.179, Random House

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• Ironically, the universities have trained hundreds of thousands of graduates for jobs that soon will not exist. They have trained people to maintain a structure that cannot be maintained. The elite...know only how to feed the beast until it dies. Once it is dead, they will be helpless. Don't expect them to save us. They don't know how....and when it all collapses, when our rotten financial system with its trillions in worthless assets implodes and our imperial wars end in humiliation and defeat, the power elite will be exposed as being as helpless, and as self-deluded as the rest of us

  Chris Hedges

  Jobs, War, Self

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• The history of paper money is an account of abuse, mismanagement, and financial disaster.

  Richard Ebeling

  Abuse, Gold, Paper

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• Civilization can only revive when there shall come into being in a number of individuals a new tone of mind independent of the one prevalent among the crowd and in opposition to it. A new public opinion must be created privately and unobtrusively. The existing one is maintained by the press, by propaganda, by organization, and by financial influences which are at its disposal. The unnatural way of spreading ideas must be opposed by the natural one, which goes from man to man and relies solely on the truth of the thoughts and the hearer's receptiveness of new truth.

  Albert Schweitzer

  Independent, Men, Organization

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• As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and fall of the Soviet system.

  George Soros

  Fall, Investing, Process

  George Soros (1994). “The Alchemy of Finance: Reading the Mind of the Market”, p.5, John Wiley & Sons

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• Taking this view, it is possible to see financial markets as a laboratory for testing hypotheses, albeit not strictly scientific ones. The truth is, successful investing is a kind of alchemy.

  George Soros

  Successful, Views, Investing

  George Soros (1994). “The Alchemy of Finance: Reading the Mind of the Market”, p.14, John Wiley & Sons

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• The only thing that could hurt me is if my success encouraged me to return to my childhood fantasies of omnipotence - but that is not likely to happen as long as I remain engaged in the financial markets, because they constantly remind me of my limitations.

  George Soros

  Hurt, Omnipotence, Long

  George Soros (1994). “The Alchemy of Finance: Reading the Mind of the Market”, p.363, John Wiley & Sons

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• Share results (financial and key metrics) with the company every month.

  Sam Altman

  Keys, Metrics, Months

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• I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically -- I should say, fully -- hedged.

  Alan Greenspan

  Believe, Risk, Growth

  "Taking Hard New Look at a Greenspan Legacy" by Peter S. Goodman, www.nytimes.com. October 8, 2008.

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• The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions... Derivatives have permitted the unbundling of financial risks.

  Alan Greenspan

  Keys, Risk, Resilience

  Alan Greenspan's address to the Federal Reserve Bank of Chicago's Forty-first Annual Conference on Bank Structure in Chicago, Illinois, www.federalreserve.gov. May 5, 2005.

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• We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.

  Alan Greenspan

  Jobs, Real, Bankers

  Alan Greenspan (2008). “The Age of Turbulence: Adventures in a New World”, p.177, Penguin

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• By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.

  Alan Greenspan

  Past, Expansion, Events

  Remarks by Chairman Alan Greenspan, www.federalreserve.gov. March 19, 1999.

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• In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems

  Timothy Geithner

  Risk, May, Today

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• Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.

  Lawrence Summers

  Greek, Investing, Blame

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• We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.

  Lawrence Summers

  Banking Crisis, America, People

  "Larry Summers on 'FOX News Sunday'". "FOX News Sunday" with Chris Wallace, www.foxnews.com. February 8, 2009.

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• I believe that the root cause of every financial crisis, the root cause, is flawed government policies

  Henry Paulson

  Believe, Government, Roots

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• I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence.

  Paul Volcker

  Business, Giving, Innovation

  "‘Wake up, gentlemen’, world’s top bankers warned by former Fed chairman Volcker" by Patrick Hosking and Suzy Jagger, www.thetimes.co.uk. December 9, 2009.

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• I am determined that my children should have no financial security. It ruins people not having to earn money.

  Nigella Lawson

  Children, Should Have, People

  "Nigella Lawson hits back at claims she plans to cut children out of will". www.dailymail.co.uk. February 3, 2008.

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• But wishing our Kansas soldiers 'God speed' is not enough. We need to comfort, care for, and protect their families. And we should ease the financial burdens that these families often face

  Kathleen Sebelius

  Kansas, Soldier, Wish

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• Our men and women in uniform put their lives on the line for our nation every day; they should not have to jeopardize their financial well-being as well.

  Mark Pryor

  Men, Lines, Uniforms

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• Democracy is not compatible with financial oligarchy, with discrimination against Blacks and outrages by the Ku Klux Klan.

  Che Guevara

  Ku Klux Klan, Democracy, Oligarchy

  Ernesto Che Guevara (2013). “The Awakening of Latin America: A Classic Anthology of Che Guevara's Writing on Latin America”, p.256, Ocean Press

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• Perhaps more to the point for TBTF (Too Big To Fail bank), if a SIFI (Systemically Important Financial Institution) does fail I have little doubt that private investors will in fact bear the losses-even if this leads to an outcome that is messier and more costly to society than we would ideally like. Dodd-Frank is very clear in saying that the Federal Reserve and other regulators cannot use their emergency authorities to bail out an individual failing institution

  Jeremy C. Stein

  Loss, Political, Doubt

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