Finance Quotes

To contract new debts is not the way to pay old ones.

The scary truth is 96 percent of mutual funds fail to match the market, and the 4 percent that do, they're always changing.

Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place, by making home-ownership statistics the holy grail, for which everything else was to be sacrificed, including commonsense standards for making home loans.

These capitalists generally act harmoniously and in concert to fleece the people, and now that they have got into a quarrel with themselves, we are called upon to appropriate the people's money to settle the quarrel.

If you will not lend me the money, how can I pay you?

Profitability is the sovereign criterion of the enterprise.

It is better to be a lender than a spender.

Why is the man who invests all your money called a broker?

A man who pays his bills on time is soon forgotten.

When a government is dependent upon bankers for money, they and not the leaders of the government control the situation

I do not like debt and do not like to invest in companies that have too much debt, particularly long-term debt. With long-term debt, increases in interest rates can drastically affect company profits and make future cash flows less predictable.

The one aim of these financiers is world control by the creation of inextinguishable debts.

It takes 150 years to build an investment bank and only five minutes to convince you to sell me preferred stock in it at a 10% interest rate.

We must pursue peaceful end through peaceful means.

This economy doesn't work well without the lubrication of credit and trust.

You have to make the shift from being a consumer in the economy to becoming an owner-and you do it by becoming an investor.

It is a general idea, that when taxes are once laid on, they are never taken off.

Neither a borrower nor a lender be.

After getting the first hundred pounds, it is more easy to get the second.

Paper is poverty, it is only the ghost of money, and not money itself.

I don't think that hedge funds are bad per se. I think they're just one more financial tool. And in that sense, they're useful.

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.

By the aristocracy of finance must here be understood not merely the great loan promoters and speculators in public funds, in regard to whom it is immediately obvious that their interests coincide with the interests of the state power. All modern finance, the whole of the banking business, is interwoven in the closest fashion with public credit.

Put not your trust in money, but put your money in trust.

Our business is to have great credit and to use it little.

The key factor that will determine your financial future is not the economy; the key factor is your philosophy.

The thing that will make the biggest difference to your business, your bank account, your health and your relationships in the next 12 months is your philosophy

I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions.

Bring your desires down to your present means. Increase them only when your increased means permit.

Financiers live in a world of illusion. They count on something which they call the capital of the country, which has no existence.

Never spend your money before you have earned it.

Great spenders are bad lenders.

A person who can't pay gets another person who can't pay to guarantee that he can pay. Like a person with two wooden legs getting another person with two wooden legs to guarantee that he has got two natural legs. It don't make either of them able to do a walking-match.

Your income is directly related to your philosophy, NOT the economy.

All my available funds are completely tied up in cash.

I mean, you may be very mad at some guy that walked away with a huge golden parachute, but that really isn't the important thing.

He is now rising from affluence to poverty.

Government, possessing the power to create and issue currency and credit as money and enjoying the right to withdraw both currency and credit from circulation by taxation and otherwise, need not and should not borrow capital at interest as a means of financing government work and public enterprises.

Now they got such a high inheritance tax on 'em that you won't catch these old rich boys dying promiscuously like they did. This bill makes patriots out of everybody. You sure do die for your country if you die from now on.

Buying and selling securities on the Stock Exchange do not start new industries. Big business never starts anything new. It merely absorbs, consolidates and profits at the expense of others.

Investing is forgoing consumption now in order to have the ability to consume more at a later date.

The most trifling actions that affect a man's credit are to be regarded. The sound of your hammer at five in the morning, or at nine at night, heard by a creditor, makes him easy six months longer; but if he sees you at the billiard-table, or hears your voice at a tavern, when you should be at work, he sends for his money the next day.

An annuity is a very serious business.

Buy an annuity cheap, and make your life interesting to yourself and everybody else that watches the speculation.

I believe that banking institutions are more dangerous to our liberties than standing armies.

One of the evils of paper money is that it turns the whole country into stock jobbers. The precariousness of its value and the uncertainty of its fate continually operate, night and day, to produce this destructive effect. Having no real value in itself it depends for support upon accident, caprice, and party; and as it is the interest of some to depreciate and of others to raise its value, there is a continual invention going on that destroys the morals of the country.

I knew so little about money I used to sign my check, "Love, Rita."

A man in debt is so far a slave.

The guy says, "When you work where I work, by the time you get home, it's late. You've got to have a bite to eat, watch a little TV, relax and get to bed. You can't sit up half the night planning, planning, planning." And he's the same guy who is behind on his car payment!

Here is my best advice on the matter of deductibles: just count off on your fingers all the items that you suspect might be deductible - and then forget them, because they aren't.

It looks like the financial giants of the world have bungled as much as the diplomats and politicians. This would be a great time in the world for some man to come along that knew something.

War involves in its progress such a train of unforeseen circumstances that no human wisdom can calculate the end; it has but one thing certain, and that is to increase taxes.

Our money is bait money, and bait money is not to be used.

If we could just go back the last two or three years and do our buying a little more carefully, why... we would be O.K.

It's not debt per say that overwhelms an individual corporation or country. Rather it is a continuous increase in debt in relation to income that causes trouble.

Just been talking today out here to all the Senators investigating these stock swindles and overcapitalizations. There has been hundreds of millions lost. There ought to be some form of guardianship for people that buy all this junk. Education won't do it. The buyers are the ones we have educated up till they are just smart enough to fall for everything that comes along.

If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.

Socialist governments traditionally do make a financial mess. They always run out of other people's money. It's quite a characteristic of them.

There is no practice more dangerous than that of borrowing money; for when money can be had in this way, repayment is seldom thought of in time, the interest becomes a loss, exertions to raise it by dent of industry cease, it comes easy and is spent freely, and many things (are) indulged in that would never be thought of if (they were) to be purchased by the sweat of the brow.

I can make more generals, but horses cost money.