Finance Quotes

Raising interest rates is voo-doo. You can't deal with a global system problem by trying to solve it with this.

~ Stafford Beer

The genuine object of debate raised by the [2008 financial] crisis ought to be how to overcome the short-termism to which we have been led by a consumerism intrinsically destructive of all genuine investment in the future, a short-termism which has systematically, and not accidentally, been translated into decomposition of investment into speculation.

~ Bernard Stiegler

The best entrepreneurs are not the best visionaries. The greatest entrepreneurs are incredible salespeople. They know how to tell an amazing story that will convince talent and investors to join in on the journey.

~ Alejandro Cremades

Learning to embrace and savor rejection is one of the best things that entrepreneurs can do. Launching a startup is the time to find your ever-optimistic inner child again.

~ Alejandro Cremades

Business is still more often about whom you know, not what you know.

~ Alejandro Cremades

Ideas are meaningless without a masterful execution.

~ Alejandro Cremades

Don’t expect investors to be throwing millions on the table for you to go off and buy a bigger house, get a new car, party half the week away, and generally upgrade your lifestyle.

~ Alejandro Cremades

If you want to glide toward money, you have to make sure your message is clear as a bell, and you need to ensure that you have a unified team capable of communicating it.

~ Alejandro Cremades

Business success requires business preparation. You don't have to be a master tactician, but you do need to have a plan in place. This plan will act as a foundation for everything you want to achieve.

~ Alejandro Cremades

The key to finding financial freedom is to unlock your entrepreneurial intelligence, work your network and lead the time.

~ Ifeanyi Enoch Onuoha

The alluring, long-shot chance of a huge gain is the grease that lubricates the machine of innovation.

~ Jason Zweig

I try not to borrow, first you borrow then you beg.

~ Ernest Hemingway

The basic scam in the Internet age is pretty easy even for the financially illiterate to grasp. It was as if banks like Goldman were wrapping ribbons around watermelons, tossing them out fiftieth-story windows, and opening the phones for bids. In this game you were a winner only if you took your money out before the melon hit the pavement.

~ Matt Taibbi

If you owe ten pounds to the Bank of England, you get thrown in jail, but if you owe a million pounds, they invite you to sit on the Board

~ Philippe Riès

Not a single person has died of boredom reading this book.

~ Nicole Fende

Right, you see that girl over there, the one in that group that keeps looking right at you?'...'Right, let's say I'm convinced she's wearing black knickers - she looks like a black knickers kind of gal to me - and I'm so sure that's what she's wearing, so positive of that sartorial fact, I want to bet a million dollars on it. The trouble is, if I'm wrong, I'm wiped out. So I also bet she's wearing knickers that aren't black, but are any one of a whole basket of colours - let's say I put nine hundred and fifty thousand dollars on that possibility: that's the rest of the market; that's the hedge. This is a crude example, okay, in every sense, but hear me out. Now if I'm right, I make fifty K, but even if I'm wrong I'm going to lose fifty K, because I'm hedged. And because ninety-five per cent of my million dollars is not in use - I'm never going to be called on to show it: the only risk is in the spread - I can make similar bets with other people. Or I can bet it on something else entirely. And the beauty of it is I don't have to be right all the time - if I can just get the colour of her underwear right fifty-five per cent of the time I'm going to wind up very rich...

~ Robert Harris

The mutual fund industry has been built, in a sense, on witchcraft.

~ John C. Bogle

Many small businesses would rather face an angry barbarian horde than tackle their cash flow statement or price a new product.

~ Nicole Fende

If you don’t laugh reading this book I’ll eat my pocket protector. Wait, did I just admit I had a pocket protector?

~ Nicole Fende

I see dead Presidents. Lincoln, Jefferson, Franklin, and Washington.

~ Nicole Fende

They don't try to trade 'reality', they try to tradeother people's perceptions of reality. If a market is dominated by enough technical traders, it could lapse into a 'postmodern' state, with traders trading perceptions of perceptions of reality.

~ Brett Scott

The struggle for Financial Freedom is very unfair. Just look at the rewards.

~ Manoj Arora

Saving is a great habit but without investing and tracking, it just sleeps

~ Manoj Arora

When an international financier is confronted by a holdup man with a gun, he automatically hands over not only his money and jewelry but also his shirt and pants, because it doesn't occur to him that a robber might draw the line somewhere.

~ Rex Stout

You should RULE your money, Money shouldn't RULE your Life.

~ Hyacil Han

Invest in yourself. your career is the engine of your wealth.

~ Hyacil Han

The media's job is not to inform you, it is to get eyeballs. Eyeballs lead to advertising revenue. That means they need people to read stuff and view stuff. Telling everyone things are going to work out just fine doesn't get eyeballs the way feeding into fear does. That doesn't just explain financial news, it explains most of the news.

~ Peter Mallouk

...there should be no place in a portfolio for hedge funds. There are lots of reasons, but the main one is simple: Investing in hedge funds is a great way to increase the odds of underperformance.

~ Peter Mallouk

I never use hedge funds because I am well aware of what drives future performance, and hedge funds start out with a great disadvantage in every major category: taxes, fees, risk management, transparency and liquidity.

~ Peter Mallouk

The stock market cares about only one thing above all else: anticipated earnings. If companies make more money, their share prices eventually rise. The stock price is simply a reflection of a company's earning power. Everything else is noise.

~ Peter Mallouk

Rather than be fearful and sell out at the worst time or get greedy when the market is way up, investors should control their emotions and not only avoid panic, but embrace the market volatility for what it is: an opportunity and a gift. Suffocate the instincts that want to make you a bad investor and rather embrace the chaos that normally causes them to rise to the surface.

~ Peter Mallouk

Gold belongs only in the portfolios of fearmongers and speculators. If you own gold in your portfolio, expect to not get paid an income, pay higher taxes on your returns, take a more volatile ride than the stock market, and get a long-term return lower than bonds.

~ Peter Mallouk

Financial illiteracy is like being in a rain storm and trying to jump in between the raindrops... eventually it all catches you at the same time.

~ Johnnie Dent Jr.

Cruelty links all three primitives [pleasure, pain, and desire]: Spinoza defines it as the desire to inflict pain on someone we love or pity. Financial speaking, cruelty is analogous to a convertible bond whose debt and equity depend on three economic underliers: the stock price, the level of interest rates, and the credit worthiness of the company's debt.

~ Emanuel Derman

There are no good or bad stocks. The company is either good or bad. Stocks are just stocks.

~ Kenneth L. Fisher

Everyday i meet with clients including widows and divorcees who have the same fears about money and it's my role to empower them, and women in general, to take control of their finances and create a plan.

~ Maili Wong

Creating a complete picture of a company financial health, by looking at periodic financial statements, is like turning a hamburger into a cow

~ Don Tapscott

Smart Risk will shatter the emotional myths to investing and help Canadians see the opportunities in today's volatile market.

~ Maili Wong

There is ample evidence that confirmation bias permeates throughout investors' decisions. For example, once an investor likes a stock, he is likely to seek out information that validates that stock. In a 2010 study, researchers showed that investors used message boards to seek out information that validated rather than challenged, stocks they owned (Park et al. 2010). If we own a stock, we tend to look for anything that validates our decision to buy it, and to reinforce why we should keep holding it.

~ Peter Mallouk

I make 2+2=5, and I get to keep the remaining 1 that’s not really there. I truly am a Master of the Universe. I don’t just do “God’s work,” as our CEO once put it, it’s more like I’ve actually become a god myself.

~ A.d. Aliwat