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Financial Quotes

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You can never solve a financial problem with money. The only way for you to have a larger net worth is for you to go within to see why you are going without  (Financial Quotes) We tend to focus on assets and forget about debts. Financial security requires facing up to the big picture: assets minus debts  (Financial Quotes) The main cause of poverty or financial struggle is fear and ignorance, not the economy or the government or the rich  (Financial Quotes) Every financial worry you want to banish and financial dream you want to achieve comes from taking tiny steps today that put you on a path toward your goals  (Financial Quotes) While no amount of financial wealth can guarantee an experience of prosperity, it is possible to experience prosperity at almost any level of income, except when we are unable to meet our basic physical needs  (Financial Quotes) It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The worst have failed; investors no longer fund them and are not likely to in the future  (Financial Quotes) In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal  (Financial Quotes) Financial markets... resent any kind of government interference but they hold a belief deep down that if conditions get really rough the authorities will step in  (Financial Quotes) We can be certain that cities around the world will compete for the jobs that the next revival of the financial services industry will bring  (Financial Quotes) There are good reasons why we don’t want everyone to learn nuclear physics, medicine or how financial markets work. Our entire modern project has been about delegating power over us to skilled people who want to do the work and be rewarded accordingly  (Financial Quotes) When you are in the final days of your life, what will you want? Will you hug that college degree in the walnut frame? Will you ask to be carried to the garage so you can sit in your car? Will you find comfort in rereading your financial statement? Of course not. What will matter then will be people. If relationships will matter most then, shouldn’t they matter most now?  (Financial Quotes) As readers, we have gone from learning a precious craft whose secret was held by a jealous few, to taking for granted a skin that has become subordinate to principles of mindless financial profit or mechanical efficiency, a skill for which governments care almost nothing  (Financial Quotes) The times are too difficult and the crisis too severe to indulge in schadenfreude. Looking at it in perspective, the fact that there would be a financial crisis was perfectly predictable: its general nature, if not its magnitude. Markets are always inefficient  (Financial Quotes) You don’t have to get a job that makes others feel comfortable about what they perceive as your success. You don’t have to explain what your plan to do with your life. You don’t have to justify your education by demonstrating its financial rewards. You don’t have to maintain an impeccable credit score. Anyone who expects you to do any of those things has no sense of history of economics or science or the arts  (Financial Quotes) While the earnings of a minority are growing exponentially, so too is the gap separating the majority from the prosperity enjoyed by those happy few. This imbalance is the result of ideologies which defend the absolute autonomy of the marketplace and financial speculation. Consequently, they reject the right of states, charged with vigilance for the common good, to exercise any form of control  (Financial Quotes) I like the financial security because I know how hard it is for so many people who struggle to earn a living. I’m grateful I don’t have to worry about money and I can live very freely and do something I love and get paid very well to do it. I tell my friends to slap me if they ever think I’m getting full of myself  (Financial Quotes) I actually feel that women in my position, when we have all at our disposal to help us, shouldn’t complain. Consider all the people who really struggle and don’t have the financial means, don’t have the support, and many people are single raising children. That’s hard  (Financial Quotes) I contend that financial markets never reflect the underlying reality accurately; they always distort it in some way or another and the distortions find expression in market prices. Those distortions can, occasionally, find ways to affect the fundamentals that market prices are supposed to reflect  (Financial Quotes) You’re already a financial trader. You might not think of it in just this way, but if you work for a living, you’re trading your time for money. Frankly, it’s just about the worst trade you can make. Why? You can always get more money, but you can’t get more time  (Financial Quotes) If you can sit quietly after difficult news, if in financial downturns you remain perfectly calm, if you can see your neighbors travel to fantastic places without a twinge of jealousy, if you can happily eat whatever is put on your plate, and fall asleep after a day of running around without a drink or a pill,… if you can always find contentment just where you are, you are probably a dog  (Financial Quotes) Not yet have I found any better method to prosper during the future financial chaos, which is likely to last many years, than to keep your net worth in shares of those corporations that have proven to have the widest profit margins and the most rapidly increasing profits. Earning power is likely to continue to be valuable, especially if diversified among many nations  (Financial Quotes) You’d get very rich if you thought of yourself as having a card with only twenty punches in a lifetime, and every financial decision used up one punch. You’d resist the temptation to dabble. You’d make more good decisions and you’d make more big decisions  (Financial Quotes) Money is one form of power. But what is more powerful is financial education. Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth. The reason positive thinking alone does not work is because most people went to school and never learned how money works, so they spend their lives working for money  (Financial Quotes) The worldwide financial and economic crisis seems to highlight their distortions and above all the gravely deficient human perspective, which reduces man to one of his needs alone, namely, consumption. Worse yet, human beings themselves are nowadays considered as consumer goods which can be used and thrown away  (Financial Quotes) You have to have a habitual vision of greatness... you have to believe in fact that you will refuse to settle for mediocrity. You won’t confuse your financial security with your personal integrity, you won’t confuse your success with your greatness or your prosperity with your magnanimity... believe in fact that living is connected to giving  (Financial Quotes) My research interests since then have shifted strongly towards the economic and regulatory problems of the financial services industry, and especially of the securities and options exchanges  (Financial Quotes) The financial crisis in our country is not a passing storm. Given the size of the problems, our national effort will not be completed in 2012. It will take many years and will require the efforts and insistence of several governments  (Financial Quotes) Recently released government economic statistics covering 2010, the first year of real recovery from the financial collapse of 2008, found that fully 93 percent of additional income gains coming out of the recession went straight into the wallets and purses of the top 1 percent  (Financial Quotes) Our planes should be full, which among other things means we have a golden opportunity... To build on the momentum reflected in the financial results we are reporting today  (Financial Quotes) I look back on it, yeah, I’m in a much worse financial position than I was eight years ago. I’m going to have to go out at age 62 and kind of readdress some of that  (Financial Quotes)
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