Finance Quotes

Being an investment banker is pretty much the perfect job for an all around triple-threat genius, and because I’m doing so well with it, I know I’m actually smarter than certifiable geniuses like Stephen Hawking and Einstein.

~ A.d. Aliwat

If skeptic can weakly force E, then he can force E.

~ Glenn Shafer

Monetary policy does not work like a scalpel but more like a sledgehammer.

~ Liaquat Ahamed

[T]he ABCP market was built on a fatal flaw: a significant mismatch between the duration of the underlying assets (long-term) and the duration of the paper itself (short-term). While this structure is not unusual -- banks use it all the time -- the crucial difference is that banks have a strong liquidity provider in the event of a problem: the Bank of Canada. The trusts, however, were left in limbo.

~ Paul Halpern

So why didn't ABCP investors -- at least the large institutional investors -- have a better grasp of the uncertain nature of market disruption triggers as defined under Canadian-style liquidity? Probably because the contracts were not available for review to investors wishing to purchase ABCP -- yet another example of the lack of transparency surrounding the distribution and sale of this product.

~ Paul Halpern

After the meeting, Guay met with Verville for a debriefing. Guay reports that Verville said that all investors would have to roll to avoid a market collapse. Guay told Verville that on Monday, at the first chance to roll its maturing paper, the Caisse should not be the only investor rolling in a particular trust. If that happened, it would end up in a worse position than not rolling at all.

~ Paul Halpern

You do pay a price for your Financial Freedom, but it is far lesser than what you pay for a Lifetime Slavery.

~ Manoj Arora

In life's journey, having the ability to predict the future gives us an unfair advantage. If we can understand the laws of cause and effect, anyone can predict the future. What we do today leads us to tomorrow's destination.Why does this simple truth seem to be difficult for most people to understand?

~ Celso Cukierkorn

All through time, people have basically acted and reacted the same way in the market as a result of greed, fear, ignorance, and hope. That is why the numerical formations and patternsrecur on a constant basis. Over and over, with slight variations. Because markets are driven by humans and human nature never changes.

~ Jesse Lauriston Livermore

The reason for what a certain stock does today may not be known for two or three days, or weeks, or months. But what the dickens does that matter? Your business with the tape is now - not tomorrow! The reason can wait. But you must act instantly or be left.

~ Jesse Lauriston Livermore

Trader has to reverse what you might call his natural impulses. Instead of hoping he must fear; instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.

~ Jesse Lauriston Livermore

God is looking for godly people to send to the world of finances to subdue it for him.

~ Sunday Adelaja

Civil war tends to give a helping hand to the velocity of currency, Ukraine can attest to that. However, it is quite an unpleasant way to find the intrinsic value of worthlessness.

~ Tom Wallace

We need to pay as much attention to the MEANS, as to the END! This is the biggest principle of SUCCESS..The END is so enticing, that we lose sight of the details altogether..Success lies in the DETAILS!

~ Abha Maryada Banerjee

...you can ruin your credit in one seemingly responsible afternoon, but rebuilding it takes years.

~ Sophia Amoruso

Prosperity starts in ones heart not their pocket.

~ Ricky Maye

Fashion models and financial models are similar. They bear a similar relationship to everyday world. Like supermodels, financial models are idealized representations of the real world, they are not real, they don't quite work the way that the real world works. There is celebrity in both worlds. In the end, there is the same inevitable disappointment - Satyajit Das, Traders, Guns & Money

~ Satyajit Das

A budget tells us what we can't afford, but it doesn't keep us from buying it.

~ William Feather

I love supporting blue chip companies’ revival. Shows wise when you are on the top and you are still not ignorant & arrogant to realise your weaknesses.

~ Csaba Gabor-B.

The picture of bankers slavering after bonuses soon after they had been rescued by government bailouts was not only outrageous but also pitiable - pitiable because they were clamoring for their primary measure of self-worth and status to be restored

~ Raghuram G. Rajan

No man can always have adequate reasons for buying or selling stocks daily - or sufficient knowledge to make his play an intelligent play.

~ Edwin Lefèvre

The ‘do nothing everything will be all right’ default plan is determined by the IRS and government.

~ Sean Novinson

Exploitation to finance a beach house in Hawaii was one thing. Doing it to feed your kids was another.

~ Khaled Hosseini

After all it is not what you make, it is what you keep or pass on.

~ Sean Novinson

The personal checks and balances that most of us bring to bear when we are employed in other activities - we ask ourselves if we are producing a socially useful product - operate less well in finance because, with few exceptions, making money is the Raison d'être (reason for existence) for the financier

~ Raghuram G. Rajan

Our entire economy is based on productivity measures that have little to do with “human input”. Sooner or later the entire system will collapse revealing the fallacy of an economy based on finance.

~ Said Elias Dawlabani

NEVER accept conventional wisdom when it comes to finance. If others keep failing, why do you want to follow them?

~ Ziad K. Abdelnour

One peek inside his top drawer had been enough for Sophie. Swimming goggles, nail clippers, a Ferragamo tie wound into a tight coil, and packets of Gulden's Spicy Brown Mustard. None of that compared to Ira Blumenstein's gold tooth, Kenneth Yang's Darth Vader lollipop, or Rich Angstrom's Magic 8 Ball.

~ Laura Hemphill

But, in truth, it had not exactly been gold, or even the promise of gold, but more like the fantasy of gold, the fairy dream that the gold is there, at the end of the rainbow, and will continue to be there forever - provided, naturally, that you don't go and look. This is known as finance.

~ Terry Pratchett

A huge mistake that many of us make is to work hard our entire life for money and not require money to work for us in return.

~ Daniel Willey

Hedge funds have made massive leveraged credit bets, knowing that their upside is billions in fees and their downside is millions in fees.

~ Janet M. Tavakoli

Those who say don't know, those who know don't say

~ Michael Lewis

The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.

~ Matt Taibbi

Money is a tool. Used properly it makes something beautiful- used wrong, it makes a mess!

~ Bradley Vinson

In order to create something new, to invent a new product or idea, you need to anticipate where things are headed. That requires a mixture of certain habits of mind. You need to foster imagination, thoroughly understand the origins of past ideas, learn from others’ mistakes, talk to lots of people about ideas and test your hypotheses against people both alive and dead.

~ Joshua Rogers

The stock market is almost magical because it always leads the economy. It goes down long before the economy drops and then heads higher long before the economy rebounds. It always has.

~ Kenneth L. Fisher

The art of investing is not about figuring out what has already happened. It’s about anticipating the futureand creating the future that others will read about in The Wall Street Journal.

~ Joshua Rogers

Our culture has at its core the idea that more is better. Many of us design our lives around this belief. And yet the underlying qualities that truly affect happiness are not advanced one whit by having more material things. More peace of mind is gained by allowing ourselves to be satisfied with what we already have. More joy is not bought, it is found in our hearts.

~ Karen Ramsey

Corruption,' Jordan Belfort believes, 'is endemic to human being. I mean, even men in monasteries - where enticement is hard to come by – even men in those circumstances have sex with other men and abuse children. Look at the Catholic Church! Man is an imperfect animal and he is corruptible, okay? And in finance, the liquid nature of the market makes corruption very easy. On Wall Street, this liquidity is so in your face -' he suddenly grits his teeth - 'that if you have even the slightest predisposition to the dark side, you become corrupted. In addition to which, those attracted to Wall Street have a predisposition to greed.

~ Antonella Gambotto-Burke

We've been sold a dream of savings and investing that had no basis in any history or reality. We were participants in a vast experiment, a hope that personal finance and investments would do it all for us. We now know that for all too many people, it did not.

~ Helaine Olen