Finance Quotes

“Your comfort zone is a place where you keep yourself in a self-illusion and nothing can grow there but your potentiality can grow only when you can think and grow out of that zone.”
― Rashedur Ryan Rahman

“You can make EXCUSES and earn SYMPATHY,
OR
You can make MONEY and earn ADMIRATION.
The choice is always yours...”
― Manoj Arora, From the Rat Race to Financial Freedom

“If money management isn't something you enjoy, consider my perspective. I look at managing my money as if it were a part-time job. The time you spend monitoring your finances will pay off. You can make real money by cutting expenses and earning more interest on savings and investments. I'd challenge you to find a part-time job where you could potentially earn as much money for just an hour or two of your time.”
― Laura D. Adams, Money Girl's Smart Moves to Deal with Your Debt: Create a Richer Life

“This book is an essay in what is derogatorily called "literary economics," as opposed to mathematical economics, econometrics, or (embracing them both) the "new economic history." A man does what he can, and in the more elegant - one is tempted to say "fancier" - techniques I am, as one who received his formation in the 1930s, untutored. A colleague has offered to provide a mathematical model to decorate the work. It might be useful to some readers, but not to me. Catastrophe mathematics, dealing with such events as falling off a height, is a new branch of the discipline, I am told, which has yet to demonstrate its rigor or usefulness. I had better wait. Econometricians among my friends tell me that rare events such as panics cannot be dealt with by the normal techniques of regression, but have to be introduced exogenously as "dummy variables." The real choice open to me was whether to follow relatively simple statistical procedures, with an abundance of charts and tables, or not. In the event, I decided against it. For those who yearn for numbers, standard series on bank reserves, foreign trade, commodity prices, money supply, security prices, rate of interest, and the like are fairly readily available in the historical statistics.”
― Charles P. Kindleberger, Manias, Panics, and Crashes: A History of Financial Crises

“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 Fear Index

“The capital amassed in the eighteenth and nineteenth centuries through various forms of slave economy is still in circulation, said De Jong, still bearing interest, increasing many times over and continually burgeoning anew.”
― W.G. Sebald

“The crash did not cause the Depression: that was part of a far broader malaise. What it did was expose the weaknesses that underpinned the confidence and optimism of the 1920s - poor distribution of income, a weak banking structure and insufficient regulations, the economy's dependence on new consumer goods, the over-extension of industry and the Government's blind belief that promoting business interests would make America uniformly prosperous.”
― Lucy Moore, Anything Goes: A Biography of the Roaring Twenties

“Thy shalt not worship thy investment advisor, for if she were so smart she would be retired by now.”
― Steven J. Lee, The Money Plan: Creating Personal Wealth for a Secure Future

“If you are working with no vision to be own your own boss, you are no different from people who are unemployed”
― Sunday Adelaja

“Money is a public good; as such, it lends itself to private exploitation.”
― Charles P. Kindleberger, Manias, Panics, and Crashes: A History of Financial Crises

“The first rule in making money is not to lose it.”
― Steven J. Lee, The Money Plan: Creating Personal Wealth for a Secure Future

“Many small businesses would rather face an angry barbarian horde than tackle their cash flow statement or price a new product.”
― Nicole Fende, How to be a Finance Rock Star

“To be productive, effective and to live a life of understanding and wisdom is not to waste time”
― Sunday Adelaja

“I see dead Presidents. Lincoln, Jefferson, Franklin, and Washington.”
― Nicole Fende, How to be a Finance Rock Star

“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, How to be a Finance Rock Star

“Never let employment hinder you from fulfillment”
― Sunday Adelaja

“You must develop your skills around your calling”
― Sunday Adelaja

“The best way to assess yourself is to base the assessment on the product you produce daily”
― Sunday Adelaja

“In Chapter 5 we consider swindles and defalcations. It happens that crashes and panics often are precipitated by the revelation of some misfeasance, malfeasance, or malversation (the corruption of officials) engendered during the mania. It seems clear from the historical record that swindles are a response to the greedy appetite for wealth stimulated by the boom. And as the monetary system gets stretched, institutions lose liquidity, and unsuccessful swindles are about to be revealed, the temptation to take the money and run becomes virtually irresistible. It is difficult to write on this subject without permitting the typewriter to drip with irony. An attempt will be made.”
― Charles P. Kindleberger, Manias, Panics, and Crashes: A History of Financial Crises

“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, MEMEnomics: The Next Generation Economic System

“[C]ritics of Canadian securities regulators sometimes point out that a number of high-profile US securities cases have resulted in prison sentences for the offenders, while incarceration for Canadian securities law violators seems very rare...[A]s has often been noted, incarceration is far more frequent in the United States for crimes of all kinds, yet it is not usually suggested that this is proof that the United States is generally a safer place to live than Canada.”
― Paul Halpern, Back from the Brink: Lessons from the Canadian Asset-Backed Commercial Paper Crisis

“Getting fired from work does not make you a failure. Letting it take control of your life is what does”
― Sunday Adelaja

“The most successful people in the world today are entrepreneurs”
― Sunday Adelaja

“Channel your energy into your God-given purpose. Being out of a job gives you all the time you need to grow”
― Sunday Adelaja

“A job should only be a stepping stone to being your own boss”
― Sunday Adelaja

“For you to be successful in your promised land, you must study the land”
― Sunday Adelaja

“Knowing what to do with time is the first step to take when you lose your job”
― Sunday Adelaja

“Time must be converted into product”
― Sunday Adelaja

“To know what to do with time is to convert a day”
― Sunday Adelaja

“To convert a day is to produce a product”
― Sunday Adelaja