“To the extent that people overpay as a result of the Libor manipulation, they should be able to get their money back. Individuals who have mortgages, pension funds who had pensioner investments - whoever was ripped off is entitled to get their money back.” PeopleShouldAbleIndividualResultsInvestmentFundManipulationEntitledMortgageRippedPension Author:Peter Welch
“In Texas, years ago, almost all of the oil came from surface operations. Then someone got the idea that there were greater sources of supply deeper down. A well was drilled five thousand feet deep. The result? A gusher. Too many of us operate on the surface. We never go deep enough to find supernatural resources. The result is, we never operate at our best. More time and investment is involved to go deep but a gusher will pay off.” YearsWellsIdeasEnoughTimeResultsPayFiveGreaterFeetSourceInvolvedThousandResourcesYears AgoInvestmentDeeperSurfaceOilOperationsMore TimeTexasNatural Resources Author:Alfred Armand Montapert
“Our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve -- and I believe this can be done -- a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.” FirstsBelieveKindTwoDoneChoicesI BelieveResultsEconomyCuttingAchieveTypeTaxesWasteWeaknessEconomicsIncreaseInvestmentDebtPracticalsBudgetsTemporaryTransitionTaxationRevenueDeficitInadequateBoostInertiaTax CutsSurplusUnwanted Author:John F. Kennedy
“The fears of recession in the aftermath of Black Monday have turned to fears of the economy racing ahead too fast, with inflation edging up and a substantial current account deficit... People understandably feel more confident about their future than they've done for decades, but as a result they have been borrowing more and saving less... Coming on top of a massive income investment boom, it's all been just a bit too much of a good thing.” PeopleFeelsHas BeensDoneBitsBlackResultsEconomyToo MuchAccountsGood ThingsInvestmentCurrentsDecadesIncomeSavingMassiveRacingMondayInflationDeficitRecessionsBorrowingAftermathToo Much Of A Good Thing Author:Nigel Lawson
“All the real money in investment will have to be made as most of it has been in the past not out of buying and selling but out of owning and holding securities, receiving interests and dividends therein, and benefiting from their long-term increases in value. Hence stockholder's major energies and wisdom as investors should be directed toward assuring themselves of the best operating results from their corporations. This in turn means assuring themselves of fully honest and competent managements.” ShouldMeanLongHas BeensMadeRealPastValuesTurnsEnergyTermInterestResultsHonestSecurityMajorsIncreaseManagementInvestmentSellingCorporationsLong TermBuyingInvestorsReceivingCompetentDividendsBuying And Selling Author:Benjamin Graham
“Where countries have been able to carry through on their reform commitments - as in Korea, Thailand and the Philippines - results are starting to come in the form of lower interest rates, new investment and increased growth.” Has BeensCountryAbleFormGrowthInterestResultsCommitmentInvestmentRateStartingReformKoreaPhilippinesInterest RateThailand Author:Lawrence Summers
“The result of neo-colonialism is that foreign capital is used for the exploitation rather than for the development of the less developed parts of the world. Investment under neo-colonialism increases rather than decreases the gap between the rich and poor countries of the world.” WorldCountryUsedPoorResultsRichDevelopmentIncreaseInvestmentGapsColonialismExploitationRich And PoorDecreasePoor CountriesCountries Of The World Book:Neo-colonialism: The Last Stage of Imperialism Source: Neo-colonialism: The Last Stage of Imperialism
“A young financial writer once brought ridicule upon himself by stating that a certain company had nothing to commend it except excellent earnings. Well, there are companies whose earnings are excellent but whose stocks I would never recommend. In selecting investments, I attach prime importance to the men behind them. I'd rather buy brains and character than earnings. Earnings can be good one year and poor the next. But if you put your money into securities run by men combining conspicuous brains and unimpeachable character, the likelihood is that the financial results will prove satisfactory.” IfsMenYearsWellsCharacterRunningYoungCertainNextWealthPoorResultsBehindsBrainCompanySecurityHe ManProveImportanceInvestmentFinancialBe GoodExcellentPrimeEarningRidiculeLikelihoodCombiningFinancial Results Author:B. C. Forbes
“Experience conclusively shows that index-fund buyers are likely to obtain results exceeding those of the typical fund manager, whose large advisory fees and substantial portfolio turnover tend to reduce investment yields. Many people will find the guarantee of playing the stock-market game at par every round a very attractive one. The index fund is a sensible, serviceable method for obtaining the market's rate of return with absolutely no effort and minimal expense.” PeopleShowsGamesResultsEffortReturnMethodInvestmentRateRoundsInvestingManagersAttractiveGuaranteesFundExpensesYieldSensibleTypicalFeesBuyersObtainingPortfoliosTurnoverIndex FundsAdvisory Author:Burton Malkiel
“Millions of mutual-fund investors sleep well at night, serene in the belief that superior outcomes result from pooling funds with like-minded investors and engaging high-quality investment managers to provide professional insight. The conventional wisdom ends up hopelessly unwise, as evidence shows an overwhelming rate of failure by mutual funds to deliver on promises.” WellsEndsShowsNightBeliefSleepResultsQualityMillionsPromiseEvidenceInvestmentRateInvestingInsightSuperiorsManagersOutcomesFundMutualOverwhelmingInvestorsConventionalEngagingSereneHigh QualityConventional WisdomUnwiseMutual FundSleep Well Author:David F. Swensen
“Rather, risk is a perception in each investor's mind that results from analysis of the probability and amount of potential loss from an investment. If an exploratory oil well proves to be a dry hole, it is called risky. If a bond defaults or a stock plunges in price, they are called risky. But if the well is a gusher, the bond matures on schedule, and the stock rallies strongly, can we say they weren't risky when the investment after it is concluded than was known when it was made.” IfsMindWellsMadeLossResultsKnownRiskAmountProvePerceptionInvestmentInvestingOilHolesAnalysisDryInvestorsSchedulesProbabilityPlungeDefault Author:Seth Klarman
“The idea of excessive diversification is madness. Wide diversification, which necessarily includes investment in mediocre businesses, only guarantees ordinary results.” IdeasResultsOrdinaryMadnessInvestmentInvestingWideGuaranteesMediocreDiversification Author:Charlie Munger
“Our marketable equities tell us by their operating results - not by their daily, or even yearly, price quotations - whether our investments are successful. The market may ignore business success for a while, but eventually will confirm it.” MayResultsSuccessfulInvestmentInvestingBusiness SuccessQuotationsEquity Author:Warren Buffett
“The art of investment has one characteristic that is not generally appreciated. A creditable, if unspectacular, result can be achieved by the lay investor with a minimum of effort and capability; but to improve this easily attainable standard requires much application and more than a trace of wisdom. If you merely try to bring just a little extra knowledge and cleverness to bear upon your investment program, instead of realizing a little better than normal results, you may well find that you have done worse.” IfsTryingWellsMayLittlesArtDoneRealizingResultsEffortBearsNormalStandardsProgramLaysInvestmentInvestingCharacteristicsExtrasApplicationInvestorsCapabilityMinimumAppreciatedCleverness Book:The Intelligent Investor, Rev. Ed Source: The Intelligent Investor, Rev. Ed
“We welcome private investment, but any company or national firm will be a partner of a venture where the result will go mainly to the Bolivian people. Of course, any investor is entitled to recover their investment and take profits. But be assured that these new functions with our partners will also be reinvested in our country for the benefit of the Bolivian people.” PeopleCountryCoursesResultsCompanyBenefitsFunctionInvestmentProfitPartnersWelcomeOur CountryFirmInvestorsEntitledVentureAssured Author:Evo Morales