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Finance Quotes



"Right now the long-term investors are telling us that they're not as concerned about inflation and so we're seeing these rates now move into the marketplace and out to the street - rates that individuals can get."


"Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows."


"Again two manufacturers may employ the same amount of fixed, and the same amount of circulating capital; but the durability of their fixed capitals may be very unequal."


"Poor is the man who does not know his own intrinsic worth and tends to measure everything by relative value. A man of financial wealth who values himself by his financial net worth is poorer than a poor man who values himself by his intrinsic self worth."


"We have brought two hundred million people into the banking system through the Jan Dhan Yojana. This is more than the population of most countries in the world. Now, these millions are part of our banking system, and words like 'interest rate' have a meaning for them."



"The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure."


"It is true that the speculator may happen to go astray in his estimate of future prices. What is usually overlooked in considering this possibility is that under the given conditions it is far beyond the capacities of most people to foresee the future any more correctly. If this were not so, the opposing group of buyers or sellers would have got the upper hand in the market. The fact that the opinion accepted by the market has later proved to be false is lamented by nobody with more genuine sorrow than by the speculators who held it. They do not err of malice prepense; after all, their object is to make profits, not losses."


"It is no more appropriate to speak of a difference between the purchasing power of money in Germany and in Austria than it would be justifiable to conclude from differences between the prices charged by hotels on the peaks and in the valleys of the Alps that the objective exchange-value of money is different in the two situations and to formulate some such proposition as that the purchasing power of money varies inversely with the height above sea-level. The purchasing power of money is the same everywhere, only the commodities offered are not the same."


"So, for example, a country was into recession right after I was sworn in, a dot-com bust had taken place. Then the attacks of September the 11th, and then of course the great financial meltdown in the -the fundamental question facing any presidency is how do you deal with the hand you're dealt?"



"It is a sound principle of finance, and a still sounder principle of government, that those who have the duty of expending the revenue of a country should also be saddled with the responsibility of levying and providing it."



"I don't think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in companies in Thailand offers any great safety or diversification."


"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."



"On private transactions, I'll just go very quickly now, a major difference between the United States and Euroland is that in Europe banks are much more important in financial transactions than in the United States."



"We believe that the Federal Reserve has to carry on with a progressive increase in interest rates as a consequence of the American economy."


"We have, unlike many of our competitors, continued to meet our various financial obligations."


"While expanding market access for American industry, financial markets and farmers is critical, I believe it needs to be done responsibly, accounting for the treatment and protection of workers and the environment."



"If you go back to the time of J.P. Morgan, the world of high finance was completely wholesale. The prestigious investment banks on Wall Street appealed exclusively to large corporations, governments, and to extremely wealthy individuals."


"If the objective exchange-value of money must always be linked with a pre-existing market exchange-ratio between money and other economic goods (since otherwise individuals would not be in a position to estimate the value of the money), it follows that an object cannot be used as money unless, at the moment when its use as money begins, it already possesses an objective exchange-value based on some other use."



"We need real campaign finance reform to loosen the grip of special interests on politics."



"To be fair, lying is part and parcel of public life. Every politician has lied about something because they are owned by the special interest groups that finance their elections."



"I strongly support tax relief for the middle class."



"Viacom's results for the first quarter put the company on a fast track for another record year in 2004."



"A whole generation of Americans will retire in poverty instead of prosperity, because they simply are not preparing for retirement now."



"To make money buy some good stock hold it until it goes up and then sell it. If it doesn't go up don't buy it."


"We have met ambitious fiscal targets in each of the previous two fiscal years. We have reduced the deficit even while increasing capital expenditure."



"We cannot both preach and administer financial matters."



"As you know, Social Security functions under the premise that today's workers will help finance benefits for retirees and that these workers will then be supported by the next generation of workers paying into the same system."


"The hope is they would like to bring it to Broadway next year, so we'll see that's to come in the end of the finance year and everybody else and also real estate and what theaters are available at the time but I would like to come back with it."


"Our investments in data, Internet and international have been particularly timely and have positioned the company to post industry-leading incremental revenue gains."


"All I can do is assess the value from Manchester United perspective. Whatever Chelsea do, they may have a different criteria, and different financial assets."


"Three years after starting, by physically doing everything from raising the finance to special effects, we'd finally cobbled together our low budget film."



"Of course I've already taken a very modest position on the monetary system, I do take the position that we should just end the Fed."


"Given the professionalism of Michigan teachers, I think they're not teaching because of the financial rewards."


"We're on the verge of a financial collapse unless we balance the budget, and that means some really, really tough decisions."



"Media corporations have a civic responsibility not only to prevent fraud and financial abuse, but also to not corrupt or degrade our culture."


"Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It's a trap for the rest of your life because the laws are designed so that you can't get out of it. If a business, say, gets in too much debt, it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy."



"Most cases, I would say, in a huge amount of cases, countries that have worked with us and have used our financial facilities have come out quick... more quickly and in a better shape from a crisis than would have come out otherwise."
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