“All I'm doing is I'm filling out my tax returns - or my accountants are, and I'm paying whatever I'm supposed to pay, though I'm giving away a large amount of the money and that probably lowers my tax rate because I'm giving away so much money. But change the law, but don't blame me for the law. I'm not writing the law. I didn't write the law.” GivingWritingLawPayReturnAmountTaxesBlameRateFillingAccountantsBlame MeTax ReturnsDon't Blame Me Author:David Rubenstein
“The nation needs to return to the colonial way of life, when a wife was judged by the amount of wood she could split.” WayNeedsNationsWifeReturnAmountWoodsJudgedSplits Author:W. C. Fields
“Where woman has taken her place in business she has found her method ready-shaped for her, and following that, she does her work,if with a certain amount of monotony, yet without undue fatigue. Her hours are fixed, and as a rule she gets needful change of scene as she goes to her business and returns to her home or the place where she lives. But the "home- maker" has not, nor can she have, any such change, and her hours are always from the rising of the sun beyond the going down of the same.” IfsDoeHomeCertainFoundHoursSunTakenReadyReturnAmountSceneMethodFollowingFixedRisingMakersFatigueMonotonyWorking Women Author:Anna Brackett
“Index funds have regularly produced rates of return exceeding those of active managers by close to 2 percentage points. Active management as a whole cannot achieve gross returns exceeding the market as a while and therefore they must, on average, underperform the indexes by the amount of these expense and transaction costs disadvantages.” WholeAchieveReturnAmountCostManagementRateInvestingAverageActiveManagersFundExpensesGrossPercentagesDisadvantagesTransactionsIndex FundsActive Management Author:Burton Malkiel
“If you look at the balance sheet, the US is heavily in debt. If you look at the income account - the amount of interest the US pays abroad - it is almost exactly equal to the amount of interest that it receives from abroad. American assets held abroad are earning a higher rate of return than foreign assets held here.” IfsLooksInterestPayReturnAmountBalanceHigherEqualAccountsRateDebtIncomeAssetsEarningSheetsBalance Sheets Author:Milton Friedman
“I would like to leave this world and never return. I severed my ear, but how I wish that I had severed my heart. I shall never amount to anything.” WorldHeartWishThis WorldReturnAmountMy HeartEars Author:Vincent Van Gogh
“The capitalist achievement does not typically consist in providing more silk stocking for queens but in bringing them within the reach of factory girls in return for a steadily decreasing amount of effort.” DoeGirlEffortReturnAmountAchievementQueensFactoriesCapitalistProvidingSilkStockings Book:Capitalism, Socialism and Democracy Source: Capitalism, Socialism and Democracy
“Sometimes markets err big time. Markets erred when they gave America Online the currency to buy Time Warner. They erred when they bet against George Soros and for the British pound. And they are erring right now by continuing to float along as if the most significant credit bubble history has ever seen does not exist. Opportunities are rare, and large opportunities on which one can put nearly unlimited capital to work at tremendous potential returns are even more rare. Selectively shorting the most problematic mortgage-backed securities in history today amounts to just such an opportunity.” IfsDoeSometimesBigsTodayAmericaOpportunitySecurityReturnAmountRight NowCreditBritishSignificantOnlinePoundsBubblesCurrencyContinuingUnlimitedFloatsMortgageErring Author:Michael Burry
“Harvard and Yale concentrated with venture capitalists that got the best calls and brainpower. Very few firms made most of the money, and they made it in just a few periods. Everyone else returned between mediocre and lousy. When returns happened, envy rippled through institutional money management. The amount invested in venture capital went up 10 times post-1999. That later money was lost very quickly. It will happen again. I don't know anyone who successfully resists this stuff. It becomes a new orthodoxy.” KnowsMadeHappensLostStuffHappenedReturnAmountPeriodsManagementEnvyMade ItPostsFirmCapitalistVentureMediocreHarvardOrthodoxyYaleMoney ManagementVenture CapitalVenture Capitalists Author:Charlie Munger
“Start with the least amount of money possible. Some people say they need a certain amount to start, and I say you need a half of that or a third of that. That gives you the biggest return. If you put all your eggs in one basket, it's harder to adapt when you need to. Unless it's very capital-intensive, you don't need much money.” PeopleIfsNeedsGivingCertainHalfReturnAmountThirdsHarderEggsBasketsEggs In One Basket Author:Cameron Johnson
“Venture capitalists are professional money managers. We are provided capital to invest as long as we can return it to our investors with a strong return in a reasonable amount of time. A strong return is three times cash on cash. A reasonable amount of time is ten years max.” YearsLongThreeStrongReturnAmountTenManagersReasonableInvestorsCashCapitalistVentureThree TimesMaxVenture Capitalists Author:Fred Wilson