“In this age of electronic money, investors are no longer seduced by a financial 'dance of a thousand veils.' Only hard and accurate information on reserves, current accounts, and monetary and fiscal conditions will keep capital from fleeing precipitously at the first sign of trouble.” FirstsHardAgeTroubleConditionsInformationThousandAccountsFinancialCurrentsInvestorsAccurateReservesVeilsMonetaryFleeingAccurate Information Author:Lawrence Summers
“Financial capacity and political perspicacity are inversely correlated. Long-run salvation by men of business has never been highly regarded if it means disturbance of orderly life and convenience in the present. So inaction will be advocated in the present even though it means deep trouble in the future. Here, at least equally with Communism, lies the threat to Capitalism. It is what causes men who know that things are going quite wrong to say that things are fundamentally sound.” IfsKnowsMenMeanLongRunningPoliticalLyingCausesSoundTroubleCapitalismCapacitySalvationThreatFinancialCommunismLong RunsConvenienceInactionOrderlyDisturbance Book:The great crash, 1929 Source: The great crash, 1929
“You get in a lot of trouble when you start putting fictitious numbers on value. I think to just say, we're going to say a dollar of cash is worth $2 all of a sudden, it isn't worth $2. It's worth a dollar today. And I think once you start putting phony figures into financial statements, you get in a lot of trouble.” ThinkingTodayValuesNumbersTroubleFiguresDollarsFinancialStatementsCashPhonyFinancial Statements Author:Howard Warren Buffett
“The ultra-right would have us believe that families are in trouble because of humanism, feminism, secular education, or sexual liberation, but the consensus of Americans is that what tears families apart is unemployment, inflation, and financial worries.” BelieveWorryTroubleFeminismTearsFinancialHumanismLiberationSecularUnemploymentInflationConsensusUltrasFamily Apart Book:Family politics: love and power on an intimate frontier Source: Family politics: love and power on an intimate frontier
“I looked at the fact that people were in such financial trouble I said well people are broke because they want to be.” PeopleWantWellsSaidFactsTroubleFinancialBroke Author:Larry Winget
“We'd like to just write nothing but lyric poetry. The trouble is, the individual is going along intent on his own personal gratifications and love affairs and financial affairs and everything else. But loping alongside him is this fascist lout who keeps trying to take over. And if you keep ignoring him, he gets bigger and bigger, so every once in a while the free individual has to turn away from his private pursuits and give this fascist lout a few clouts, and beat him down to size.” IfsGivingWritingTryingTurnsIndividualTroubleBeatsAnd LoveBiggerAffairFinancialSizePursuitGratificationKeep TryingLove AffairFascistsCloutLyric Poetry Author:Lawrence Ferlinghetti
“Nothing will prepare you for singing the truth like about 35 years in the music business, financial troubles and a couple trips to jail, ... It will get you really humble and really truthful, and gets you ready to sing out about who and what saved you.” YearsTroubleReadyCoupleSingingFinancialHumbleSavedJailTruthfulMusic Business Author:Marty Stuart
“I'd say the main way people get into terrible financial trouble is just to spend too much money relative to their income, and that is an endemic problem in the United States of America, and that's the kind of thing that should be taught about in schools.” PeopleWayShouldKindStatesProblemSchoolAmericaUnitedUnited StatesToo MuchTroubleTaughtTerribleFinancialIncomeRelativeUnited States Of America Author:Ben Stein
“Once you get to your forties or fifties in this society, very few people haven't had at least one body blow - financial, bankruptcy, divorce, relationship disaster, addiction, trouble with a child, trouble with a parent. Most people take some blow.” PeopleChildrenBodyParentTroubleHavensAddictionFinancialBlowDivorceDisasterFortyBankruptcyThis Society Author:Marianne Williamson
“But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you're in a financial position to just methodically pay off both credit card and student loans, pay them all.” IfsMeanPayTroublePositionStudentsFinancialCreditDebtCardsLoanCredit CardBankruptcyDischargeStudent LoanCredit Card Debt Author:Suze Orman