“They have passed the big inheritance tax, and that gets you when you are gone. You used to could die and be able to beat taxes, but not now. The undertaker don't go over your body as carefully as the assessor does your accumilated assets, and he gets his before the undertaker. They have it on these big fortunes now where they pay as high as 60 to 70 percent of what they leave. That's mighty expensive dying when it runs into money like that, and you won't see 'em dropping off as casually as they have been.” DoeHas BeensBodyBigsRunningAbleUsedDiesPayGoneDyingTaxesBeatsPercentFortuneYour BodyExpensiveEmsOver YouAssetsInheritanceDroppingUndertakerInheritance Tax Author:Will Rogers
“On average, 90 percent of the variability of returns and 100 percent of the absolute level of return is explained by asset allocation.” LevelsReturnPercentAbsolutesInvestingAverageAssetsAllocationVariabilityAsset Allocation Author:Roger G. Ibbotson
“Somebody's buying these treasury bills at 1/20th of one percent. I mean we consuming about $2 billion a day of goods and services beyond what we're producing.As long as we consume more than we produce, and we trade away little pieces of the country daily, they're going to own something. Now, they can't run from American assets. I mean every day the rest of the world is going to have about two billion more of American assets than we have, as long as they sell us these goods.” WorldMeanLittlesLongTwoCountryRunningPiecesProducePercentTradeBillsSellsBillionsBuyingGoodsAssetsConsumingTreasuryGoods And ServicesTreasury Bill Author:Howard Warren Buffett
“Two thirds of the work in the world is done by women. Women own 1 percent of the assets. Young women are sold into prostitution, forced labour, premature marriage, forced to have children they don't want or they can't support. They're abused, raped, beaten up. Domestic violence is supposed to be a cultural problem. They are the first victims of war, fundamentalism, conflict, recession. And young women who have access to education and health care and have resources think that everything was done, they don't have to worry.” ThinkingWorldWantFirstsChildrenTwoWarDoneProblemCareYoungWorrySupportViolenceConflictPercentResourcesThirdsVictimAccessSupposed To BeHealth CareLabourAssetsYoung WomenFundamentalismBeatenDomestic ViolenceProstitutionMen WomenRecessionsPrematureAccess To EducationVictims Of War Author:Isabel Allende
“[A] major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions. ...the wealthiest 5 percent of households held nearly two-thirds of all such assets in 2013” TwoWealthSourceMajorsPercentThirdsIncludingFinancialFundMutualAssetsHouseholdPensionMutual Fund Author:Janet Yellen
“We've had a number of economists supporting our legislation. And here's where we are. The American people can judge. Six largest financial institutions in America today have assets of roughly $10 trillion; equivalent to 58 percent of the GDP of the United States of America.” PeopleStatesTodayAmericaUnitedNumbersUnited StatesJudgingSixPercentInstitutionsFinancialAssetsUnited States Of AmericaLegislationEconomistGdpAmerica TodayFinancial Institutions Author:Bernie Sanders
“Place 5 percent to 10 percent of your total assets in gold bullion and selected gold and silver coins. No one knows with certainty whether the coming depression will be inflationary or deflationary.” KnowsPercentGoldCertaintySilverAssetsCoinsSelectedGold And SilverGold Coins Book:The Great Reckoning: Protecting Yourself in the Coming Depression Source: The Great Reckoning: Protecting Yourself in the Coming Depression
“You have hedge funds and people like that buying these assets to yield 15 or 20 percent, I mean, that's the buyer for these people that are trying to unload them.” PeopleTryingMeanPercentBuyingFundYieldAssetsBuyersHedge Fund Author:Warren Buffett
“And people really behaved in a fraudulent way or something, we'll go back and find the culprits later on. But that really isn't the problem we have. I mean that's where it came from, though. We leveraged up and if you have a 20 percent fall in value of a $20 trillion asset, that's $4 trillion. And when $4 trillion lands - losses land in the wrong part of this economy, it can gum up the whole place.” PeopleIfsWayMeanWholeProblemValuesFallLossEconomyLandPercentAssetsGumCulprit Author:Warren Buffett
“We need to throw the resources at this that are necessary. But like I say, we are not spending money. I mean, if we buy these assets intelligently, the United States Treasury will make money. I mean, it's borrowing money. It's just a few percent a year.” IfsNeedsYearsMeanStatesUnitedUnited StatesPercentResourcesSpendingMaking MoneyAssetsBorrowingTreasurySpending MoneyBorrowing Money Author:Warren Buffett