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"You only need to make one big score in finance to be a hero forever."
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"The hardest thing to understand in the world is the income tax."
Author Name
Personal Development
"Asean is obviously a very important association for us. Over the past 30 years Asean has made great strides in regional cooperation covering a number of areas, although recently it has been under strain because of the financial crisis and other challenges."
Author Name
Personal Development
"He became convinced that ordinary commercial financing could be done for a service charge plus an insurance fee amounting to much less that the current rates of interest charged by banks, whose rates were based on supply and demand, treating money as a commodity rather than as a sovereign state's means of exchange."
Author Name
Personal Development
"For the past ten years I have had no financial problems."
Author Name
Personal Development
"When individuals are exchanging present goods against future goods they do not take account in their valuations of Variations in the objective exchange-value of money. Lenders and borrowers are not in the habit of allowing for possible future fluctuations in the objective exchange-value of money."
Author Name
Personal Development
"Wealth isn't about money. It's about options...and you always have options. Choose wisely. Live wealthy."
Author Name
Personal Development
"Thirty to 40 years ago, most financial decisions were fairly simple."
Author Name
Personal Development
"Actually criminal sanctions that are given could be up to five years for violating the rules and regulations under the campaign finance reform. This is like the Alien and Sedition Act of years and years ago, decades ago."
Author Name
Personal Development
"When buying shares, ask yourself, would you buy the whole company?"
Author Name
Personal Development
"I take great pride in having been able to overcome the Asian financial crisis and seeking the opportunities available to bring about an unprecedented growth in the economy."
Author Name
Personal Development
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"You only need to make one big score in finance to be a hero forever."
Finance
"Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices."
Success
"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."
Finance
"Junk bonds prove there's nothing magical in a Aaa bond rating."
Nothing
"Everyone recognizes that's a joke because obviously the number and shape of the pieces doesn't affect the size of the pizza. And similarly, the stocks, bonds, warrants, etc., issued don't affect the aggregate value of the firm."
Values
"I can't speak for them, of course, but I believe that most economists would accept the view that, while you sometimes can make a score by sheer luck, you can't do it constantly, unless you're willing to put the resources in."
Luck
"Most people might just as well buy a share of the whole market, which pools all the information, than delude themselves into thinking they know something the market doesn't."
People
"So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices."
Economy
"Another is, if you take money out of your left pocket and put it in your right pocket, you're no richer."
Money
"But in practice, if often comes down to not suffering a loss as big as the huge gain you made a while ago."
Gain
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