Creation of capital

Capital must be propelled by self-interest; it cannot be enticed by benevolence.

Walter Bagehot – English economist and author, editor in chief of “The Economist” (1826-1877)


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)

Health more important than money

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)

True treasure

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


Find bargains and maintain discipline; if you can not find bargains stay in cash.

Francis Chou — Canadian fund manager, Fund Manager of the Decade 2004 (b. 1956)


Successful investing is anticipating the anticipations of others.

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


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

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

Dullness and riches

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

Do good

No-one would remember the good Samaritan if he’d only had good intentions. He had money as well.

Dame Margaret Thatcher – British politician, 1979-90 Prime Minister (1925-2013), from a tv interview with Brian Walden for “London Weekend Television” (“Weekend World”, January 6th, 1980)


Деньги есть чеканенная свобода.

Федор Достоевский – русский писатель (1821-1881), из “Записки из Мёртвого дома” (1862), Цитаты 2005


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


What I discovered is that you’ve got to put in the same amount of work, and exercise the same degree of judgement, in giving money away as you do in making it..

William H. “Bill” Gates – American software entrepreneur, Microsoft (b. 1955), Quotations book 2004

Price and value

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

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

Good tax

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)

Serve God with money

Remember this: you can’t serve God and money but you can serve God with money.

Selwyn Hughes – English pastor and author, founder of the christian publishing company CWR (1928-2006), from “Service in the Eighth Degree – A biblical perspective on giving”


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)

Cheapest car

The cheapest car you can ever own is the one you currently own.

Ron Blue – Christian financial advisor (b. 1942)

Long-term invest

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

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

Experience beats money

When a person with money meets a person with experience, the person with the experience winds up with the money, and the person with the money winds up with the experience.

business wisdom – Quotations book 2020


The currency of this world will be worthless at our death or at Christ’s return, both of which are imminent.

Randy C. Alcorn – director of the Eternal Perspective Ministries and author (b. 1954),Quotations book 2008


The gratification of wealth is not found in mere possession or in lavish expenditure, but in its wise application..

attributed to Miguel de Cervantes Y Saavedra – Spanish writer (1547-1616)

Make money

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)

National debt

Blessed are the young, for they shall inherit the national debt.

Herbert C. Hoover – American politician, 1929-33 31st president (1874-1964), Quotations book 2005

Working for money

Taking a job for money is like marrying for money, which is especially dumb if you are already rich.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), Quotations book 2006


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

Intelligent investor

The intelligent investor is a realist who sells to optimists and buys from pessimists.

Jason Zweig – American journalist (b. 1959), in his “Note about Benjamin Graham” in the revised edition of “The Intelligent Investor” (2003), Quotations book 2021


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


I’ve just been a machine for making money. I seem to have spent my life in a golden tunnel looking for the outlet which would lead to happiness. But the tunnel kept going on. After my death there will be nothing left.

attributed to Aristoteles Onassis – Greek reeder (1906-1975), known as one of the richest menin his time


Fortune doesn’t change a man, it only unmasks him.



The Forbes list of the 400 richest Americans had about the same level of wellbeing as the Maasai of East Africa, a traditional herding people who live in huts with no electricity or running water.

Ed Diener – American professor in psychology (b. 1946), from “Barclays Wealth Insights, Volume 4: The True Value of Wealth” (2007)


The real measure of your wealth is how much you’d be worth if you lost all your money.


Greediness and idolatry

If anyone does not refrain from the love of money, he will be defiled by idolatry and so be judged as if he were one of the heathen.

Polycarp of Smyrna -early Christian theologian, Bishop of Smyrna, one of the Apostolic Fathers(ca.69/70 – ca. 155/156), in his letter to the Philippians


My job is to find money for those people, who know, how this works.

Jack Welch – born John Francis Welch jr., legendary American manager: General Electric (1935-2020), Fortune 1999: Manager of the Century


Money is like muck – not good except it be spread.

Sir Francis Bacon – English philosopher, politician and writer (1561-1626), from the essay “Of Seditions and Troubles” (1625), Quotations book 2015


I just wait until there is money lying over in the corner, and all I have to do is go over there and pick it up.

James B. “Jim” Rogers – American star investor, business columnist and author (b. 1942)

Estimating correct

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


If you’re smart, you don’t need debt. If you’re dumb, it’s poisonous.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), to Salomon Inc’s clients (September 13, 1991)

Money and character

Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.

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

Succesful investment

The only investment I ever made which has paid consistently increasing dividends is the money I have given to the Lord..

attributed to James L. Kraft – American entrepreneur, founder of J.L. Kraft & Bros., today Kraft Foods Inc. (1874-1953), Quotations book 2009

Creation of wealth

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


Time is the enemy of the poor business and the friend of the great business. If you have a business that’s earning 20 % – 25 % on equity, time is your friend. But time is your enemy if your money is in a low return business.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), at the 1998 Berkshire Hathaway Annual Meeting, Quotations book 2018


Fundraising is the gentle art of teaching the joy of giving.

Henry A. “Hank” Rosso – American fundraiser (1917-1999), Quotations book 2004


You hear a lot of strange things about tithing. Some say it is a church tax, and they expect me to pay it and that is the end of it. Others say that when I give God one-tenth of my income, He blesses the nine-tenths that is left to the extent that the nine-tenths now goes as far as the whole thing used to go.

This isn’t really true, is it? Suppose a farmer had 100 bushels of corn in the barn and he decides to plant 10 bushels in the ground. What multiplies? Is it the 90 bushels that he has left in the barn? Oh, no. All of us “farmers” know it is the 10 bushels you put in the ground that multiplies.

Similarly, it is the 10 percent you give to God that multiplies..

Dr. R. Stanley Tam – American entrepreneur, f.ex. United States Plasic Corp., and philanthropist (b. 1915), from “God owns my Business” (1972), Quotations book 2009


There are a thousand possibilities to “waste” money but only two ways to earn it: Either we work for it – or the money works for us.

attributed to Bernard M. Baruch – American financier, adviser to several American presidents (1870-1965)


Forming fortune is like a big tree giving shade.

Norman Rentrop – German publisher (b. 1957)


One of the hardest things for most investors is to sit by and watch other people make money.

Howard S. Marks – American investor, Co-Chairman Oaktree Capital Management (b. 1946)


Rather think an hour about money than work an hour for money.

Proverb in finance

Employ money

If a man is proud of his wealth, he should not be praised until it is known, how he employs it.

attributed to Socrates – Greek philosopher (469-399 v. Chr.)

Attraction of money

Money has an attraction for some people, but nobody can wear two pairs of shoes at one time.

Charles Feeney – Irish-American businessman, co-founded the DFS Duty Free Shops chain and General Atlantic Partners (b. 1931), Quotations book 2010


I never would have been able to tithe the first million Dollars I ever made if I had not tithed my first salary, which was $1.50 per week.

attributed to John D. Rockefeller – American oil magnate and one of the richest men of the world in his time (1839-1937), Quotations book 2008


Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.

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


I would as soon leave to my son a curse as the almighty Dollar.

Andrew Carnegie – Scottish-born American steel industrialist (1835-1919), from “The Gospel of Wealth” (1889)


There is no one so rich that they don’t need help or so poor that they cannot help.

Proverb – Quotations book 2009


The eight Levels of Tzedakah:

1.Highest Level: Supporting a man who has fallen into poverty by giving him a present or a loan, entering into partnership with him, or finding him work so that his hand will be fortified so that he will not have to ask others.

2. Giving to the poor without knowing to whom he gave and without the poor person knowing from whom he received.

3. Giving when the giver knows to whom he is giving, but the poor person does not know from whom he received.

4. Giving when the poor person knows from whom he took, but the donor does not know to whom he gave.

5. Giving in his hands before he asks.

6. Giving him after he asks.

7. Giving him less than what is appropriate, but with a pleasant countenance.

8. Giving him with sadness.

Moses Maimonides – Jewish philosopher, law scholar and physician, most influential Jewish scholar (c. 1135-1204), from the Mischne Tora, Hilchot Mat’not Ani’im,, Chapter 10, 7-14 [Tzedakah: jewish command of charity], Quotations book 2015


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)

Optimum legacy

[The perfect amount to leave children is] enough money so that they would feel they could do anything, but not so much that they could do nothing.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), from the article “Should you leave it all to the children?” (“Fortune Magazine”, September 29, 1986)

Art of business

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

Andy Warhol – American artist (1928-1987)

Income tax

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

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

Attitude toward money

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

Advertise or die

Without advertising today I would be a millionaire (instead of billionaire).

attributed to John Paul Getty – American oil industrialist and art mecenate, at his time richest man of the world (1892-1976)


It is impossible to produce superior performance unless you do something different from the majority.

Sir John Marks Templeton – value investor and philanthropist (1912-2008), Quotations book 2006


The highest use of capital is not to make more money, but to make money do more for the betterment of life.

Henry Ford – American engineer and industrialist (1863-1947), from “My life and Work” (1922), Quotations book 2009

Compound interest

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

Money is not everything

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)

Faithraising instead of fundraising

Saddleback doesn’t do fundraising. For us, it’s all about faithraising. Why? Because we believe GOD is primarily interested in growing our faith, not getting our money. We also believe that if the first happens, the second will naturally occur.

Forrest Reinhard – pastor of the Saddleback Community Church, Lake Forest, California (b. 1958), Quotations book 2010


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


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


As for property, it is a duty to make money, but only by honourable means; it is a duty also to save it and increase it by care and thrift.

Res autem familiaris quaeri debet iis rebus, a quibus abest turpitudo, conservari autem diligentia et parsimonia, eisdem etiam rebus augeri.

Marcus Tullius Cicero – Roman politician (106-43 B.C.), from “De officiis” (41 B.C.)

Free of depts

Neither a borrower or lender be,
for loan oft(en) loses both itself and friend,
and borrowing dulls the edge of husbandry.

William Shakespeare – English writer (1564-1616), in “Hamlet”, 1st act, Scene 3 “Polonius”(1603), Zitateheft 2012

What expenditures tell you

Give me five minutes with a persons checkbook, and I will tell you where their heart is.

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


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)


Money is a great treasure that only increases as you give it away.

attributed to Sir Francis Bacon – English philosopher, politician and writer (1561-1626), Quotations book 2018


Chase the vision, not the money. The money will end up following you.

Tony Hsieh – American internet entrepreneur and venture capitalist, CEO Zappos (1973-2020)


I will tell you how to become rich. Be fearful when others are greedy. Be greedy when others are fearful.

Warren Buffett -American value investor, chairman of Berkshire Hathaway (b. 1930), Quotations book 2007

Kingdom of Heaven

If we think that heaven is our country, we should send our wealth thither rather than reatin it here, where on our sudden daparture it will be lost to us.

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

Blessing or test?

When God provides more money, we often think: This is a blessing!
Well, yes, but it would be just as scriptural to think: This is a test!

Randy C. Alcorn – director of the Eternal Perspective Ministries and author (b. 1954), from “The Treasure Principle: Discovering the Secret of Joyful Giving” (2001), Quotations book 2017

External perception

When as a young and unknown man I started to be successful I was referred to as a gambler. My operations increased in scope and volume. Then I was known as a speculator. The sphere of my activities continued to expand and I am presently known as a banker. Actually I have been doing the same thing all the time.

attributed to Sir Ernest Cassel – born in Cologne as Ernst Cassel, British entrepreneur and banker, private financial advisor to king Edward VII. (1852-1921)


We can either use our money to serve God or God will be our money.

Denny (b. 1951) and Leesa (b. 1955) Bellesi – founders of “The Kingdom Assignment”, Quotations book 2018


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

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


We make our money the old fashioned way: we earn it.

Business-Slogan – used by the Wall Street financial Service Smith Barney & Co.


Riches enlarge rather than satisfy appetites.

attributed to Thomas Fuller – English monk and author (1608-61)


A man is incapable of comprehending any argument that interferes with his Revenue.



Investment must be rational; if you don’t understand it, don’t do it.

Warren Buffett – American value investor, Chairman of Berkshire Hathaway (b. 1930), quoted in “Forbes” (19. Oktober 1992)