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Finance Quotes

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Finance Quotes

“We need to reverse three centuries of walling the for-profit and non-profit sectors off from one another. When you think for-profit and non-profit, you most often think of entities with either zero social return or zero return on capital and zero social return. Clearly, there's some opportunity in the spectrum between those extremes. What's missing is the for-profit finance industry coming in to that area. Look at the enormous diversity of the for-profit financial industry as opposed to monolithic nature of the non-profit world; it's quite astonishing.”

“Now it's of peculiar interest to an Arab country that there is a company and a certain set of bankers who also finance the World Federation of Mental Health. ...and we see that although the KGB and so forth seems to be associated with the World Federation of Mental Health, their other organization in action seems to go back to Jewish Bankers.”

“Whether government finances its added spending by increasing taxes, by borrowing, or by inflating the currency, the added spending will be offset by reduced private spending. Furthermore, private spending is generally more efficient than the government spending that would replace it because people act more carefully when they spend their own money than when they spend other people's money.”

“Of the maxims of orthodox finance none, surely, is more anti-social than the fetish of liquidity, the doctrine of that it is a positive virtue on the part of investment institutions to concentrate their resources upon the holding of 'liquid' securities. It forgets that there is no such thing as liquidity of investment for the community as a whole.”

“Berkshire's whole record has been achieved without paying one ounce of attention to the efficient market theory in its hard form. And not one ounce of attention to the descendants of that idea, which came out of academic economics and went into corporate finance and morphed into such obscenities as the capital asset pricing model, which we also paid no attention to. I think you'd have to believe in the tooth fairy to believe that you could easily outperform the market by seven-percentage points per annum just by investing in high volatility stocks.”

“Even if Bush could be forgiven for taking America, and much of the rest of the world, to war on false pretenses, and for misrepresenting the cost of the venture, there is no excuse for how he chose to finance it. His was the first war in history paid for entirely on credit. As America went into battle, with deficits already soaring from his 2001 tax cut, Bush decided to plunge ahead with yet another round of tax "relief" for the wealthy.”

“People are piling into England, there's lots of studio films happening there. When we budget our films we multiply it by 1.55 it's much easier than when we multiply it by 2 so the cost looks a lot less in dollars, because everybody talks in dollars in terms of finance. And then the shift that I think is coming, I hope is coming, is movies made in a..."simple" is the wrong word, you visit movie sets all the time I imagine, the whole process has just got so big.”

“I think what you've got are millions of people who are in trouble today. They really are. They're confused. They're working longer hours for lower wages. They're seeing productivity going up but their kids are worse off economically than they are. They're looking at a campaign finance system in politics and they see corruption, big money buying elections. Nobody in Congress is listening to them.”

“Pearl Jam bassist Jeff Ament and I get excited talking about making record artwork or working with T-shirt designs. The least exciting part for us is talking about the finances; it's like going to the dentist for us. But we at least try to do it in a creative way and put our stamp on it. I can only think that we create something that's worth the value of that dollar.”

“There are two reforms that we need to restore our democracy. The first is campaign finance. We need to get the corporate money out of the election process. And second, we need to resolve the dysfunction in the environment. Looters are running agencies that are supposed to be protecting us from pollution.”

“Some corporations don't want free markets, and they don't want democracy. They want profits. And they use our campaign finance system to loot our commons, to steal from our treasury, and the other shared resources of our community - the air, the water, the public lands, the wildlife, the things that belong to all of us that are held in trust for future generations. Corporations cannot act philanthropically in America.”

“Legislative action will never bring genuine campaign-finance reform. Consultants will prove endlessly inventive in gaming whatever system the reformers can devise so as to give their candidate an edge and allow the power of massive money to be felt. But reform laws will become irrelevant and redundant as the Internet replaces the special-interest fat cats as the best way to raise money and takes the place of TV as the most effective way to get votes.”

“We are very frustrated because we have a Supreme Court that seems determined to say that the wealthier have more right to free speech than the rest of us. For example, they say you couldn't stop me from spending all the money I've saved over the last five years on Hillary's campaign if I wanted to, even though it would clearly violate the spirit of campaign finance reform.”

“If you want to make better theory, you've got to use the best that's available and look through the lens of another discipline to see if you can uncover more anomalies. By looking at the phenomena of failure from the perspective of sales, marketing, finance, general management, and the equity markets, I was able to see things that Rebecca [Henderson] hadn't.”