Investing Quotes - Page 17

• Time and space are not conditions of existence, time and space is a model for thinking

  Albert Einstein

  Thinking, Space, Existence

  16 Copy quote

• It is impossible for us, with our limited means, to attempt to educate the body of the people. We must at present do our best to form a class who may be interpreters between us and the millions whom we govern.

  Thomas B. Macaulay

  Mean, Class, People

  "Minute by the Hon'ble T. B. Macaulay, dated the 2nd February 1835". "Bureau of Education. Selections from Educational Records, Part I (1781-1839)" edited by H. Sharp, Reprint. Delhi: National Archives of India, www.columbia.edu. 1965.

  4 Copy quote

  Show source

• Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities will not cease to rise, everybody becomes eager to buy as much as possible and restrict his cash holdings to minimum size... If the credit expansion is not stopped in time, the boom turns to crack-up boom: the flight into real values begins, and the whole monetary system founders.

  Ludwig von Mises

  Real, Public Opinion, Cracks

  7 Copy quote

• In all the new states of the Union, land monopolization has gone on at an alarming rate, but in none of them so fast as in California, and in none of them, perhaps, are the evil effects so manifest.

  Henry George

  Land, California, Evil

  Henry George (1871). “Our Land and Land Policy, National and State”, p.13

  13 Copy quote

  Show source

• Government means always coercion and compulsion and is by necessity the opposite of liberty. Government is a guarantor of liberty and is compatible with liberty only if its range is adequately restricted to the preservation of economic freedom. Where there is no market economy, the best-intentioned provisions of constitutions and laws remain a dead letter.

  Ludwig von Mises

  Mean, Government, Law

  Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

  53 Copy quote

  Show source

• There is no means by which anyone can evade his personal responsibility. Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a selfappointed elite of supermen. In such vital matters blind reliance upon 'experts' and uncritical acceptance of popular catchwords and prejudices is tantamount to the abandonment of self-determination and to yielding to other people's domination. As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny are at stake.

  Ludwig von Mises

  Determination, Mean, Responsibility

  "Human Action". Book by Ludwig von Mises, 1949.

  22 Copy quote

  Show source

• Democracy is a process by which the people are free to choose the man who will get the blame. Education is a method whereby one acquires a higher grade of prejudices. In spite of the cost of living, it's still popular.

  Laurence J. Peter

  Men, Cost Of Living, People

  7 Copy quote

• Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That's not a statement, it's a definition.

  Milton Friedman

  Unemployment, Wages, Minimum Wage

  14 Copy quote

• What we've done last night is what I call pushing back the risks..If there is a risk in a bank, our first question should be 'Okay, what are you in the bank going to do about that? What can you do to recapitalise yourself? If the bank can't do it, then we'll talk to the shareholders and the bondholders, we'll ask them to contribute in recapitalising the bank, and if necessary the uninsured deposit holders.

  Jeroen Dijsselbloem

  Night, Risk, Pushing Back

  "After Cyprus, eurozone faces tough bank regime - Eurogroup head" by Luke Baker, uk.reuters.com. March 25, 2013.

  6 Copy quote

  Show source

• But when I am alone, I do not have the effrontery to consider myself an artist at all, not in the grand old meaning of the word: Giotto, Titian, Rembrandt, Goya were great painters. I am only a public clown-a mountebank. I have understood my time and have exploited the imbecility, the vanity, the greed of my contemporaries. It is a bitter confession, this confession of mine, more painful than it may seem. But at least and at last it does have the merit of being honest.

  Pablo Picasso

  Artist, Vanity, Greed

  13 Copy quote

• The definition of a Dark Age is that we no longer remember what we once could do.

  Jerry Pournelle

  Dark, Age, Definitions

  7 Copy quote

• The Americans had not played a very prominent part in the war of 1914-1918, he (Adolf Hitler) thought, and moreover, had not made any great sacrifices of blood. They would certainly not withstand a trial by fire, for their fighting qualities were low. In general no such thing as an American people existed as a unit; they were nothing but a mass of immigrants from many nations and many races.

  Albert Speer

  War, Fighting, Sacrifice

  37 Copy quote

• I conceive, therefore, that a somewhat comprehensive socialisation of investment will prove the means of securing an approximation to full employment.

  John Maynard Keynes

  Mean, Employment, Investment

  John Maynard Keynes (2006). “General Theory Of Employment , Interest And Money”, p.346, Atlantic Publishers & Dist

  4 Copy quote

  Show source

• The U. S. is headed toward a period of business depression... beginning within the next two years, which may exceed that which preceded the War. ... The only thing that will save us is a new gold policy or the discovery of a new process or additional gold fields. If the fall [of gold production] is not prevented by design or accident we shall throttle business, wringing out all profits and experiencing all the evils of deflation.

  Irving Fisher

  War, Fall, Discovery

  21 Copy quote

• Self-importance requires spending most of one's life offended by something or someone.

  Carlos Castaneda

  Self, Juan, Spending

  Carlos Castaneda (2009). “The Wheel Of Time: The Shamans Of Mexico Their Thoughts About Life De”, p.230, Simon and Schuster

  206 Copy quote

  Show source

• Long ago, Ben Graham taught me that "Price is what you pay; value is what you get." Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.

  Warren Buffett

  Long Ago, Buffets, Taught

  Berkshire Hathaway Inc. Chairman's Letter, 2008.

  8 Copy quote

  Show source

• I plan to eliminate regulations that hinder domestic companies, particularly large conglomerates from investing in other companies.

  Lee Myung-bak

  Regulation, Plans, Company

  6 Copy quote

• The more cash that builds up in the treasury, the greater the pressure to piss it away.

  Peter Lynch

  Cash, Pressure, Treasury

  Peter Lynch (2012). “One Up On Wall Street: How To Use What You Already Know To Make Money In”, p.205, Simon and Schuster

  10 Copy quote

  Show source

• In any bureaucratic organization there will be two kinds of people: those who work to further the actual goals of the organization, and those who work for the organization itself. Examples in education would be teachers who work and sacrifice to teach children, vs. union representative who work to protect any teacher including the most incompetent. The Iron Law states that in all cases, the second type of person will always gain control of the organization, and will always write the rules under which the organization functions.

  Jerry Pournelle

  Teacher, Children, Writing

  "The View From Chaos Manor". Jerry Pournelle's blog, www.jerrypournelle.com. April 3, 2006.

  10 Copy quote

  Show source

• The distribution of the market is fat-tailed relative to the normal distribution... For passive investors, none of this matters, beyond being aware that outlier returns are more common than would be expected if return distributions were normal.

  Eugene Fama

  Would Be, Matter, Return

  9 Copy quote

• We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we have these filters.

  Warren Buffett

  Filters, Seconds

  5 Copy quote

• My advice to this investor is the same that I give to the young investors in my classes Devote the same earnest attention to investing that $50,000 as you devoted to earning it.

  Ivan Boesky

  Earning It, Class, Giving

  10 Copy quote

• ... Any pension fund manager who doesn't have the vast majority-and I mean 70% or 80% of his or her portfolio-in passive investments is guilty of malfeasance, nonfeasance or some other kind of bad feasance!

  Merton Miller

  Mean, Majority, Portfolios

  7 Copy quote

• Most people might just as well buy a share of the whole market, which pools all the information, than delude themselves into thinking they know something the market doesn't.

  Merton Miller

  Thinking, People, Might

  "Investment Gurus: A Road Map to Wealth from the World's Best Money Managers" by Peter J. Tanous, (p. 269), 1999.

  7 Copy quote

  Show source

• The deeper one delves, the worse things look for actively managed funds.

  William J. Bernstein

  Looks, Deeper, Fund

  4 Copy quote