Best Finance Quotes | Short & Famous Sayings Page 30

“And I think it's a prudent, responsible way, given the scale of the emergency, the scale of the damage still facing America, that we finance these additional support for the unemployed as well as the support for small business. We think there's a good case for doing it now. We want to do it in an overall fiscally responsible way.”

Thinking Way Want Wells Stills America Given Business Cases Support Responsible Scales Finance Damage Small Business Emergencies Unemployed Prudent

Author:Timothy Geithner

“Financial operations do not lend themselves to innovation. What is recurrently so described and celebrated is, without exception, a small variation on an established design . . . The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.”

World Design Innovation Financial Invention Versions Finance Operations Wheels Exception Variation Skeptical Unstable Hail

Author:John Kenneth Galbraith

“You have wondered, perhaps, why all real accountants wear hats? They are today's cowboys. As will you be. Riding the American range. Riding herd on the unending torrent of financial data. The eddies, cataracts, arranged variations, fractious minutiae. You order the data, shepherd it, direct its flow, lead it where it's needed ... You deal in facts, gentlemen, for which there has been a market since man first crept from the primeval slurry.”

“The older I get, the more interesting I find lawyers and accountants.”

Interesting Business Lawyer Finance Accounting Accountants

Author:Alex James

“They are a special breed-like normal accountants, but without the soppy sentimentality. These are the oncologists of market capitalism.”

Business Special Normal Capitalism Finance Accounting Sentimentality Accountants Oncologists

Author:Sean O'Grady

“For as long as I can remember the slogan has been ... the federal government ought to behave more like families, because families balance their budgets. It turns out that families looked around and said, "You know what? Let's behave more like the government!"”

Knows Long Has Beens Said I Can Government Remember Turns Business Ought Balance Finance Budgets Behave Federal Government Slogans Budgeting Like Family

Author:George Will

“Whenever I think about the budgetary problems, I think about the problems of Errol Flynn ... reconciling net income with gross habits.”

Thinking Problem Business Habit Income Finance Gross Budgeting

Author:Malcolm Rifkind

“He is like some sherry-crazed old dowager who has lost the family silver at roulette, and who now decides to double up by betting the house as well.”

Wells House Lost Business Debt Finance Silver Betting Roulette Sherry

Author:Boris Johnson

“I feel these days like a very large flamingo. No matter what way I turn, there is always a very large bill.”

Way Feels Matter Turns Business No Matter What Bills Debt Finance These Days Flamingos

Book:The secret world of the Irish male

Source: The secret world of the Irish male

“Give the Germans five deutschmarks and they will save it. But give the British £5 and they will borrow £25 and spend it.”

Giving Business Five British Debt Finance

Author:John Major

“Should we really let our people starve so we can pay our debts.”

People Should Business Pay Debt Finance

Author:Julius Nyerere

“A debt may get mouldy, but it never decays.”

May Business Debt Finance Decay

Book:No Longer at Ease

Source: No Longer at Ease

“We need to move beyond the demonisation of overpaid traders ... In finance and economics, ill-designed policy is a more powerful force for harm than individual greed or error.”

Needs Moving Individual Force Powerful Business Policy Economics Errors Greed Ill Harm Finance Traders

Author:Adair Turner, Baron Turner of Ecchinswell

“In Las Vegas, people know that the odds are stacked against them. On Wall Street, they manipulate the odds while you are playing the game.”

People Knows Games Business Streets Wall Finance Odds Manipulate Vegas Las Vegas

Author:John Ensign

“An elected government making huge changes with the consent of its people, is being undermined by concentrated powers in unregulated markets-powers which go beyond those of any individual government.”

People Government Individual Business Huge Finance Consent Huge Changes

Author:George Papandreou

“I've always been sceptical about the notion that the market is a person you can engage in an argument with, and that that person is an intelligent, rational, well-intentioned person: it is fantasy. We know that ... the market is subject to irrational optimism and pessimism, and is vindictive ... You're dealing with a crazy man ... Having got what he wants he will still kill you.”

Knows Men Want Wells Persons Stills Business Fantasy Crazy Subjects Argument Optimism Intelligent Notion Rational Finance Pessimism Irrational Vindictive Optimism And Pessimism Crazy Man

Author:Joseph Stiglitz

“If we are really serious about preventing another crisis like the 2008 meltdown we should simply ban complex financial instruments, unless they can be unambiguously shown to benefit society in the long run. This is what we do all the time with other products-drugs, cars, electrical products and many others.”

Ifs Should Long Running Business Car Serious Products Drug Benefits Crisis Instruments Complexes Financial Finance Long Runs Bans Preventing Electrical Meltdowns

Author:Ha-Joon Chang

“It sounds to me like selling a car with faulty brakes, and then buying an insurance policy on those cars.”

Sound Business Car Policy Selling Finance Buying Brake Insurance Policy

Author:Phil Angelides

“It's as if people used the invention of seat belts as an opportunity to take up drunk driving.”

People Ifs Used Opportunity Business Driving Invention Finance Drunk Seats Belts Seat Belts Drunk Driving

Book:I.O.U.: Why Everyone Owes Everyone and No One Can Pay

Source: I.O.U.: Why Everyone Owes Everyone and No One Can Pay

“I want them poor and they deserve to be poor. You can't have capitalism without punishment.”

Want Poor Business Deserve Capitalism Punishment Finance

Author:Nassim Nicholas Taleb

“Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.”

Reason Business Finance No Reason Equity Private Equity

Author:Nassim Nicholas Taleb

“We should probably stop trading derivatives, anything more complex than regular options ... I am an options trader, and I don't understand options. How do you want a regulator to understand them?”

Want Should Business Complexes Finance Trading Traders Derivatives Regulators

Author:Nassim Nicholas Taleb

“I don't think there is a sound UK bank now, at least, if there is one I don't know about it. The City of London is finished, the financial centre of the world is moving east. All the money is in Asia. Why would it go back to the West? You don't need London.”

Ifs Thinking Knows World Needs Moving Sound Business Cities West Financial Finished East London Finance Centre Asia City Of London

Author:Jim Rogers

“Financial hydrogen bombs built on personal computers by 26-year-olds with MBAs.”

Years Business Computer Built Financial Finance Bombs Hydrogen Mba Personal Computers Hydrogen Bomb

Author:Felix Rohatyn

“The arrangement bore the same relation to actual finance as fantasy football bears to the NFL.”

Business Fantasy Football Bears Relation Finance Nfl Bores Arrangements Fantasy Football

Author:Michael Lewis

“The Treasury's plan has little for those outside of the financial industry. It is aimed at rescuing the same financial institutions that created this crisis with the sloppy underwriting and reckless disregard for the risk they were creating, taking or passing on to others.”

Littles Business Plans Risk Industry Creating Crisis Institutions Financial Passing Passings Finance Reckless Disregard Treasury Sloppy Financial Institutions Passing On

Author:Richard Shelby

“In the past six months, our federal government has devised a dozen strategies to save America's financial markets. Each plan has been more costly, more risky, and less aligned with the principles of our country's free market economy than the last. I am disappointed to say that this latest plan puts all the rest of them to shame.”

“Wall Street got drunk and now it's got a hangover. And the question is, how long will it sober up and not try to do those fancy financial instruments?”

Trying Long Business Streets Wall Instruments Financial Finance Drunk Fancy Sober Hangover Sober Up

Author:George W. Bush

“In an ideal world, one populated by vegetarians and Esperanto speakers, derivatives would be used for one thing only: reducing levels of risk. The list of individual traders who have lost more than a billion dollars at a time betting on derivatives is not short.”

World Would Be Used Individual Lost Levels Business Risk One Thing Ideals Dollars Lists Billions Finance Vegetarian Speakers Reducing Traders Betting Derivatives Ideal World Esperanto

Author:John Lanchester

“The City is, in terms of its basic functioning, a far-off country of which we know little.”

Knows Littles Country Term Business Cities Finance

Book:I.O.U.: Why Everyone Owes Everyone and No One Can Pay

Source: I.O.U.: Why Everyone Owes Everyone and No One Can Pay

“It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The worst have failed; investors no longer fund them and are not likely to in the future.”

Seems Past Business Worst Financial Decades Finance Fund Contracts Investors Trading Innovative Superfluous Derivatives Constrain

Author:Alan Greenspan

“Usually God favours the people who try to do good. So, when you find that the crowd is desperately trying to sell, help them and buy. When you find that the crowd is overenthusiastically trying to buy, help them and sell. It usually works out.”

People Trying Helping Business Sells Crowds Work Out Finance Favour

Author:John Templeton

“Never ask a trader if he is profitable: you can easily see it in his gesture and gait.”

Ifs Asks Business Finance Gestures Profitable Traders Gait

Book:Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

Source: Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

“What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so.”

Years Has Beens Found Business Risk Willing Capable Finance Vehicle Marketplace Transfers Derivatives

Author:Alan Greenspan

“In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.”

Views Business Danger Weapons Mass Destruction Financial Finance Weapons Of Mass Destruction Mass Destruction Latent Derivatives

Author:Warren Buffett

“The range of derivatives contracts is limited only by the imagination of man (or sometimes, so it seems, madmen). Say you want to write a contract speculating on the number of twins to be born in Nebraska in 2020. No problem-at a price, you will easily find an obliging counterparty.”

Men Want Writing Sometimes Problem Seems Born Imagination Numbers Business Finance Range Contracts Twins No Problem Madmen Derivatives Nebraska

Book:Warren Buffett on Business: Principles from the Sage of Omaha

Source: Warren Buffett on Business: Principles from the Sage of Omaha

“Discipline allows you to trade effectively. You can take your ego out of it. You can go wrong 60, 70% of the time and still make a lot of money. If you ignore the discipline of managing risk, you have to be right 80% of the time or more, and I don't know anyone who's that good.”

Ifs Knows Stills Business Risk Discipline Ego Trade Finance Lots Of Money

Author:Larry Rosenberg

“There is time to go long, time to go short and time to go fishing.”

Long Business Long Time Finance Fishing

Author:Jesse Lauriston Livermore

“Amateurs look for challenges; professionals look for easy trades. Losers get high from the action; the pros look for the best odds.”

Looks Action Easy Challenges Business Trade Finance Loser Odds Trading Professionalism Beginners Getting High

Book:Come Into My Trading Room: A Complete Guide to Trading

Source: Come Into My Trading Room: A Complete Guide to Trading

“We should never lose sight of the underlying essence of a market-a place where buyers and sellers come together. Every other feature-whether crafted by tradition or technology-exists only to serve that primary purpose.”

Should Together Purpose Loses Business Technology Tradition Essence Sight Finance Primaries Features Sellers Buyers

Author:Arthur Levitt Jr

“Nobody beats the market, they say. Except for those of those of us who do.”

Business Beats Finance

Book:Contrarian Investment Strategies: the Next Generation

Source: Contrarian Investment Strategies: the Next Generation

“Financial markets ... resent any kind of government interference but they hold a belief deep down that if conditions get really rough the authorities will step in.”

Ifs Kind Government Belief Business Steps Conditions Authority Financial Finance Rough Get Real Deep Down Resent Interference Financial Markets

Book:Open Society: Reforming Global Capitalism

Source: Open Society: Reforming Global Capitalism

“To suppose that the value of a common stock is determined purely by a corporation's earnings discounted by the relevant interest rates and adjusted for the marginal tax rate is to forget that people have burned witches, gone to war on a whim, risen to the defense of Joseph Stalin and believed Orson Welles when he told them over the radio that the Martians had landed.”

People War Values Interest Forget Common Business Gone Taxes Rate Radio Determined Defense Finance Corporations Witch Relevant Burned Earning Risen Whim Interest Rate Martians

Author:James Grant

“There is no human feeling to the US securities markets and sometimes no discernible evidence of human intelligence either. But they work.”

Humans Sometimes Feelings Business Security Evidence Finance Human Intelligence

Author:Robert J. Eaton

“Investing in the market without knowing what stage it is in is like selling life insurance to 20 year olds and 80 year olds at the same premium.”

Years Business Knowing Stage Investing Selling Finance Premium

Author:Victor Sperandeo

“Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if it gets there.”

Ifs Thinking Business Finance

Author:William Eckhardt

“One market paradigm that I take exception to is: Buy low and sell high. I believe far more money is made by buying high and selling at even higher prices.”

Believe Made I Believe Business Higher Lows Sells Selling Finance Buying Exception More Money Paradigm

Author:Richard Driehaus

“I have noticed that everyone who has ever tried to tell me that markets are efficient is poor.”

Poor Business Finance Efficient

Author:Larry Hite

“The biggest public fallacy is that the market is always right. The market is nearly always wrong. I can assure you of that.”

I Can Business Finance Fallacy Always Wrong

Author:Jim Rogers

“The little I know of it has not served to raise my opinion of what is vulgarly called the Monied Interest; I mean, that blood-sucker, that muckworm, that calls itself the friend of government.”

Knows Mean Littles Government Interest Business Opinion Blood Raises Finance Sucker

Author:William Pitt, 1st Earl of Chatham

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