“We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as "focused" investing.” PeopleTryingLooksRunningAbleHonestSecurityEconomicsInvestingFocusedExcellentDecentDiversification Author:Warren Buffett
“We try to buy businesses with good-to-superb underlying economics run by honest and able people and buy them at sensible prices. That's all I'm trying to do.” PeopleTryingRunningAbleHonestEconomicsSensibleSuperb Author:Warren Buffett
“Economists get very uncomfortable when you talk about virtue and vice. It doesn't lend itself to a lot of columns with numbers. But I would argue that there are big virtue effects in economics. I would say that the spreading of double-entry bookkeeping by the Monk, Fra Luce de Pacioli, was a big virtue effect in economics. It made business more controllable, and it made it more honest.” MadeBigsNumbersVirtueEffectsHonestEconomicsVicesArguingMade ItUncomfortableEconomistMonkColumnsEntryBookkeeping Author:Charlie Munger
“To be brutally honest, it's simple economics. If they want to come into cycling, sponsors need to know the team they are funding is clean, otherwise the risk is just too great.” IfsKnowsWantNeedsSimpleRiskTeamHonestEconomicsCleanFundingCyclingSponsorsBrutally Honest Author:David Millar
“The problems that exist on Wall Street today go to the center of a debate in this country about wealth and democracy. We cannot keep our democracy if those who are in charge of handling the engines of our economy are not honest with their shareholders. That's why there is a role for government regulation here. That role for government is breaking up the monopolies, insisting on public disclosure, insisting on public audits, insisting on restitution whenever someone has been cheated.” IfsHas BeensCountryProblemGovernmentTodayWealthRolesEconomyDemocracyStreetsHonestWallEconomicsDebateEnginesRegulationMonopolyCheatedShareholdersInsistingDisclosureGovernment RegulationNot HonestRestitution Author:Dennis Kucinich
“Humble, honest, ignorance is one of the finest flowers of the human spirit” HumansSpiritHonestIgnoranceFlowerEconomicsHumbleFinestHuman Spirit Author:Kenneth E. Boulding
“I'm going to be honest: I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated.” KnowsNeedsStillsIssuesHonestMilitaryPolicyEconomicsEducatedBeing HonestForeign Policy Author:John McCain
“My policies are based not on some economics theory, but on things I and millions like me were brought up with: an honest day's work for an honest day's pay; live within your means; put by a nest egg for a rainy day; pay your bills on time; support the police.” MeanPayMillionsSupportHonestPolicyTheoryEconomicsPoliceBillsLike MeEggsNestsRainyRainy DayIron LadyBeing A Lady Author:Margaret Thatcher