Archive for category: Money

The big money is not in the buying and selling but in the waiting.

Charlie Munger – Vice Chairman Berkshire Hathaway (b. 1924)

Having, first, gained all you can, and, secondly saved all you can, then give all you can.

John Wesley – English preacher (1703-1791), from his sermon “The Use of Money” (1760)

Money, to some extent, sometimes lets you be in more interesting environments. But it can’t change how many people love you or how healthy you are.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

The secret of making money is to avoid risks.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), quoted in “The Midas Touch” (2009)

Forming fortune is like a big tree giving shade.

Norman Rentrop – German publisher (b. 1957)

It was not till we were as poor as a church mouse and up to our neck in water, that we began to think again of the true treasure of the church – the Gospel – and to distribute this treasure to all.

John T. Finney – English Anglican theologian, 1993-98 Bishop of Pontefract (b. 1932), Quotations book 2018

I have made my money by observing that people in general exaggerated the importance of events.

David Ricardo – British investor and economist (1772-1823), Quotations book 2015

There is no such thing as a good tax. Some are better than others, some are worse. But there is no such thing as a good tax. All taxes are at best necessary evils and burdens.

Thomas P. Gore – American senator, ralated to former US Vice President and Nobel Peace Prize laureate Al Gore (1870-1949)

The income tax has made more liars out of more Americans than golf has.

William Penn Adair “Will” Rogers – American humorist (1879-1935)

Being good in business is the most fascinating kind of art.

Andy Warhol – American artist (1928-1987)

To give away money is an easy matter, and in any man’s power. But to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every man’s power, nor an easy matter. Hence it is that such excellence is rare, praiseworthy, and noble.

Aristotle – Greek philosopher (384-322 B.C.), in “Nicomachean ethics” (350 B.C.), Quotations book 2011

It’s never too early to teach your children about the tool of money. Teach them how to work for it and they learn pride and self-respect. Teach them how to save it and they learn security and self-worth. Teach them how to be generous with it and they learn love.

attributed to Judith Jamison – American dancer and choreographer (b. 1943), Quotations book 2010

If a person gets his attitude toward money straight, it will help straighten out almost every other area in his life.

attributed to Billy Graham – born William Franklin Graham jr., American evangelist (1918-2018), Quotations book 2010

Some people waste their lives in the constant pursuit of great wealth. As a commodity, let’s face it, money doesn’t rate as high as good health – and it certainly isn’t up there with great art.

Roy R. Neuberger – American financier and art collector (1903-2010)

Price is what you pay. Value is what you get.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930)

Come to see money not as a passport to luxury but as a dangerous encumbrance, and you will not find it ridiculous to give to whoever needs it.

John Boykin – American author (b. 1952)

Where riches hold the dominion of the heart, God has lost his authority.

attributed to John Calvin – born Jean Cauvin, French reformator and founder of the Calvinism (1509-1564)

Nevertheless, the Tenth Commandment – ‘Thou shalt not covet’ – recognizes that making money and owning things could become selfish activities. But it is not the creation of wealth that is wrong, but love of money for its own sake. The spiritual dimension comes in deciding what one does with the wealth. How could we respond to the many calls for help, or invest for the future, or support the wonderful artists or craftsmen whose work also glorifies God, unless we had first worked hard and used our talents to create the necessary wealth?

Dame Margaret Thatcher – British politician, 1979-90 Prime Minister (1925-2013), from “Speech to the Church of Scotland General Assembly” from May 21st, 1988, Quotations book 2009

Successful investing is anticipating the anticipations of others.

following the thoughts of John Maynard Keynes – British economist and investor (1883-1946)

Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.

often falsely attributed to Albert Einstein – Quotations book 2008

One of the many stereotypes of the Swiss is that they are perceived – by the global non-Swiss community – as dull. One of the reasons the Swiss are dull – according to an article we came across some years ago – is that the Swiss never had victories on battlefields to speak of, never had colonies, never had social upheavals, never had social disasters.

The Swiss, unlike their neighbors, don’t even strike. The article went on to the argue that periods of stress, such as war, bring out the best in terms of human inventiveness and creativity.

…

However, Switzerland – by any standard – is also among the world’s richest nations. Has the reader ever thought that there might be a relationship between dullness and riches?

Alexander Ineichen – Swiss banker (*1967),from “Asymmetric Returns”, Quotations book 2008

To the question: “Today you are a billionaire. What do you afford rather than before?”
Nothing. You know I am a guy who wears boots, I have some more suits in my cupboard, but I still drive an old Volvo, and I don’t have a yacht or a private jet. And I got the same wife for 36 years.

Kenneth L. Fisher – American investor (b. 1950), Quotatiins book 2008

On why he has donated $600 million to selected charities.

“I simply decided I had enough money.”

Charles Feeney – Irish-American businessman, co-founded the DFS Duty Free Shops chain and General Atlantic Partners (b. 1931)

I worry about what money might do to my kids. So I have decided to make it very clear that they are not going to get a penny. My wife Trudie and I are heroically trying to spend it all!

Sting – born Gordon Matthew Sumner, Rockstar, whose bargain ich estimated to 35 million Euro by “Euro am Sonntag” (b. 1951), Quotations book 2005

A business that makes nothing but money is a poor kind of business.

Henry Ford – American engineer and industrialist (1863-1947), Quotations book 2005

You never know the true value of a property until you have cashed the check from the sale.

Claude N. Rosenberg, Jr. – American Investment consultant (1928-2008), from “Investing with the Best” (1986), Quotations book 2002