Finance Quotes

“When money realizes that it is in good hands, it wants to stay and multiply in those hands.”
― Idowu Koyenikan, Wealth for All: Living a Life of Success at the Edge of Your Ability

“When you work on something that only has the capacity to make you 5 dollars, it does not matter how much harder you work – the most you will make is 5 dollars.”
― idowu koyenikan, Wealth for All: Living a Life of Success at the Edge of Your Ability

“If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.”
― Warren Buffett

“Women fake orgasms and men fake finances.”
― Suze Orman

“Rule No. 1 : Never lose money. Rule No. 2 : Never forget Rule No. 1.”
― Warren Buffett

“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.”
― Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations

“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”
― Warren Buffett

“A man always has two reasons for what he does--a good one, and the real one.”
― J.P. Morgan

“I try not to borrow, first you borrow then you beg.”
― Ernest Hemingway

“If the financial system has a defect, it is that it reflects and magnifies what we human beings are like. Money amplifies our tendency to overreact, to swing from exuberance when things are going well to deep depression when they go wrong. Booms and busts are products, at root, of our emotional volatility.”
― Niall Ferguson

“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending”
― Nassim Nicholas Taleb, The Bed of Procrustes: Philosophical and Practical Aphorisms

“The ascent of money has been essential to the ascent of man.”
― Niall Ferguson, The Ascent of Money: A Financial History of the World

“For nearly four years you have had an Administration which instead of twirling its thumbs has rolled up its sleeves. We will keep our sleeves rolled up. We had to struggle with the old enemies of peace--business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering. They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob.”
― Franklin D. Roosevelt

“I marvel at the placidity of the Utopian who imagines that man is perfectible. There is no denying that the human creature is born selfish, abusive, vile. Just look around you and see. Society cynical and ferocious, the humble heckled and pillaged by the rich traffickers in necessities. Everywhere the triumph of the mediocre and unscrupulous, everywhere the apotheosis of crooked politics and finance. And you think you can make any progress against a stream like that? No, man has never changed. His soul was corrupt in the days of Genesis and is not less rotten at present. Only the form of his sins varies. Progress is the hypocrisy which refines the vices.”
― Huysmans Joris-Karl Huysmans, Là-Bas

“The basic scam in the Internet age is pretty easy even for the financially illiterate to grasp. It was as if banks like Goldman were wrapping ribbons around watermelons, tossing them out fiftieth-story windows, and opening the phones for bids. In this game you were a winner only if you took your money out before the melon hit the pavement.”
― Matt Taibbi, Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America

“Our moral economy went bankrupt long before our financial one.”
― Steve Maraboli, Unapologetically You: Reflections on Life and the Human Experience

“In many ways the effect of the crash on embezzlement was more significant than on suicide. To the economist embezzlement is the most interesting of crimes. Alone among the various forms of larceny it has a time parameter. Weeks, months, or years may elapse between the commission of the crime and its discovery. (This is a period, incidentally, when the embezzler has his gain and the man who has been embezzled, oddly enough, feels no loss. There is a net increase in psychic wealth.) At any given time there exists an inventory of undiscovered embezzlement in — or more precisely not in — the country’s businesses and banks. This inventory — it should perhaps be called the bezzle — amounts at any moment to many millions of dollars. It also varies in size with the business cycle. In good times people are relaxed, trusting, and money is plentiful. But even though money is plentiful, there are always many people who need more. Under these circumstances the rate of embezzlement grows, the rate of discovery falls off, and the bezzle increases rapidly. In depression all this is reversed. Money is watched with a narrow, suspicious eye. The man who handles it is assumed to be dishonest until he proves himself otherwise. Audits are penetrating and meticulous. Commercial morality is enormously improved. The bezzle shrinks.

…

Just as the boom accelerated the rate of growth, so the crash enormously advanced the rate of discovery. Within a few days, something close to a universal trust turned into something akin to universal suspicion. Audits were ordered. Strained or preoccupied behavior was noticed. Most important, the collapse in stock values made irredeemable the position of the employee who had embezzled to play the market. He now confessed.”
― John Kenneth Galbraith, The Great Crash 1929

“Businesspeople are like sharks, not just because we're gray and slightly oily, or because our teeth trail the innards of those we have eviscerated, but because we must move forward or die. ”
― Stanley Bing

“You still could go to some industry or some university or the government and if you could persuade them you had something on the ball—why, then, they might put up the cash after cutting themselves in on just about all of the profits. And, naturally, they'd run the show because it was their money and all you had done was the sweating and the bleeding.”
― Clifford D. Simak, All the Traps of Earth and Other Stories

“You attract poverty when you lack value for time”
― Sunday Adelaja

“The bankers and financiers are badly overplaying their hands, again, and people are starting to catch on to the scam.

Real wealth is tangible things produced with tangible effort. Loans made out of thin-air 'money' require no effort and are entirely ephemeral.

But if those loans are used to acquire real ownership of real assets, then something has been exchanged for nothing and one party is getting screwed.”
― Chris Martenson

“A bull market is like sex. It feels best just before it ends”
― Peter Bevelin, All I Want To Know Is Where I'm Going To Die So I'll Never Go There

“The truth is that banks are the last feudal kingdoms, their rulers omnipotent, divine warlords. Their key lieutenants are 'ronin' (wandering mercenary samurai) who roam financial markets ready to ally themselves to any warlord for a share of plunder. This is not the place to apply the latest management theory.”
― Satyajit Das, Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives

“You can be your own boss”
― Sunday Adelaja

“Life becomes a dilemma when you are living a purposeless and goalless life”
― Sunday Adelaja

“You need to assess yourself on a yearly basis and see how far you have gone and what you still need to work on”
― Sunday Adelaja

“You must always overcome your comfort zone”
― Sunday Adelaja

“It is better to be roughly right than precisely wrong.”
― Carveth Read, Logic, Deductive and Inductive

“Wealth is a person’s ability to survive a certain number of days forward.”
― R. Buckminster Fuller

“Don’t be too comfortable with employment; discover yourself and see what you can achieve for yourself”
― Sunday Adelaja