#Finance Quotes

“Lend less than you owe.”

“Neither a borrower nor a lender be.”

“Neither a borrower nor a lender be, for loan oft loses both itself and friend, and borrowing dulls the edge of husbandry.”

“It is said that the world is in a state of bankruptcy, that the world owes the world more than the world can pay.”

“Money is of no value; it cannot spend itself. All depends on the skill of the spender.”

“Money often costs too much.”

“Poverty demoralizes. A man in debt is so far a slave; and Wall-street thinks it easy for a millionaire to be a man of his word, aman of honor, but, that, in failing circumstances, no man can be relied on to keep his integrity.”

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

“It is a great mistake to suppose that thrift is caused only by fear; it springs from hope as well as from fear; where there is no hope, be sure there will be no thrift.”

“In finance everything that is agreeable is unsoundand everything that is sound is disagreeable.”

“Saving is a fine thing. Especially when your parents have done it for you.”

“I'm so Optimistic I'll take my last 2 dollars and buy a Money Belt.”

“There is no sphere of human thought in which it is easier to show superficial cleverness and the appearance of superior wisdom than in discussing questions of currency and exchange”

“It is always so pleasant to be generous, though very vexatious to pay debts.”

“A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.”

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

“The purse of the people is the real seat of sensibility. Let it be drawn upon largely, and they will then listen to truths which could not excite them through any other organ.”

“Scenes are now to take place as will open the eyes of credulity and of insanity itself, to the dangers of a paper medium abandoned to the discretion of avarice and of swindlers.”

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

“The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover didn’t know that money trickled up. Give it to the people at the bottom and the people at the top will have it before night, anyhow. But it will at least have passed through the poor fellow’s hands.”

“Invest in inflation. It is the only thing going up.”

“We will never get anywhere with our finances till we pass a law saying...every time we appropriate something, we...pass another bill...stating where the money is coming from.”

“There have been three great inventions since the beginning of time: fire, the wheel, and central banking.”

“The bankers just got a good cussing by everybody for loaning too much money. Well, they got some awful nice buildings. So when a banker fails, he fails in splendor.”

“The budget is like a mythical bean bag. Congress votes mythical beans into it, then reaches in and tries to pull real ones out.”

“Alexander Hamilton started the U.S. Treasury with nothing, and that was the closest our country has ever been to being even.”

“The stock market has spoiled more appetites than bad cooking.”

“The way to make money in the stock market is to buy a stock. Then, when it goes up, sell it. If it's not going to go up, don't buy it!”

“The "Ways & Means Committee" is a committee that's supposed to find the Ways to divide up the Means.”

“The secret of success lies never in the amount of money, but in the relation of income to outgo.”

“It saves a lot of trouble if, instead of having to earn money and save it, you can just go and borrow it.”

“Buy a stock, if it goes up, sell it, if it goes down, don't buy it.”

“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 you got a dollar, soak it away, put it in a savings bank, bury it, do anything but spend it. Spending when we didn't have it put us where we are today. Saving when we've got it will get us back to where we was before we went cuckoo.”

“The president says, 'There is lots of people worse off than the Farmers.' I don't know who it could be unless it is the fellow who holds the Mortgages on the Farms.”

“A holding company is the people you give your money to while you're being searched.”

“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.”

“It is not the return on my investment that I am concerned about; it's the return of my investment”

“The farmers can be thankful. Didn't the Farm Board decide in Washington last week that they could have cheaper interest? All the farmers have to do now is to find something new to put up as security.”

“If you make any money, the government shoves you in the creek once a year with it in your pockets, and all that don't get wet you can keep.”

“The way to stop financial joyriding is to arrest the chauffeur, not the automobile.”

“The difference between success and failure is not which stock you buy or which piece of real estate you buy, it's asset allocation.”

“The average American thinks billionaire investors are going to be right based on some talking head. They invest and they have no backup plan. Americans think these guys are giant risk-takers. The truth is they believe in taking as little risk as humanly possible, for the maximum amount of upside. They're looking for that spread of disproportionate risk-reward.”

“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.”

“Billionaire investors know they're going to be wrong, so they have a plan to protect against wrong.”

“Most everybody thinks that if I want to get big rewards I need to take huge risks. But if you keep thinking that, you're gonna be broke.”

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

“I have now the gloomy prospect of retiring from office loaded with serious debts, which will materially affect the tranquility of my retirement.”

“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.”

“Land taxes is the thing. They got so high that there is no chance to make anything. Not only land but all property tax. You see in the old days, why the only thing they knew how to tax was land, or a house. Well, that condition went along for quite awhile, so even today the whole country tries to run its revenue on taxes on land. They never ask if the land makes anything. "It's land ain't it? Well tax it then."”