“When you combine ignorance and leverage you get some pretty interesting results.”
~ Warren Buffett
“The most predictable thing about the stock market is the number of experts who take credit for predicting it.”
~ Dave Weinbaum
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”
~ George Soros
“The business schools teach new and complex behavior more than simple behavior, but simple behavior is more effective.”
~ Warren Buffett
“I worked my way up from nothing to a state of extreme poverty.”
~ Groucho Marx
“The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself.”
~ John Kenneth Galbraith
“Give a man a fish, he’ll eat for a day. Give him a sub prime fish loan, you’re in business buddy.”
~ The Colbert Report
“If you lend money to people who cannot pay you back, it will not end well.”
~ Warren Buffett
“Money is better than poverty if only for financial reasons.”
~ Woody Allen
“I’ve got all the money I’ll ever need, if I die by four o’clock.”
~ Henny Youngman
“Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac’s talents didn’t extend to investing: He lost a bundle in the South Sea Bubble, explaining later, ‘I can calculate the movement of the stars, but not the madness of men.’ If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases. I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”
~ Warren Buffett
“Bernard Madoff lost less money than AIG and he throws way better parties.”
~ The Colbert Report
“If all else fails, immortality can always be assured by spectacular error.”
~ John Kenneth Galbraith
“Whales only get harpooned when they come to the surface, and turtles can only move forward when they stick their neck out, but investors face risk no matter what they do.”
~ Charles A. Jaffe
“Take care of the luxuries and the necessities will take care of themselves.”
~ Dorothy Parker
“Yes! Finally captured Martha Stewart. You know, with all the massive and almost completely unpunished fraud perpetrated on the American public by such companies as Enron, Global Crossing, Tyco and Adelphia, we finally got the ringleader. Maybe now we can lower the nation’s terror alert to periwinkle.”
~ Jon Stewart
