All a company report and balance sheet can tell you is the past and the present. They cannot tell future. — Nicolas Darvas
The fact is that one of the earliest lessons I learned in business was that balance sheets and income statements are fiction, cash flow is reality. — Chris Chocola
Accounting is the language of business. — Warren Buffett
Never invest in a company without understanding its finances. The biggest losses in stocks come from companies with poor balance sheets. — Peter Lynch
Knowledge, profits, dividends, valuation, conduct of business, resolve — Howard Marks
Managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation. — Warren Buffett
You know, a balance-sheet is like a bikini, it shows more but it hides what is vital. I learned to read a balance sheet and then I got fascinated by stocks. — Rakesh Jhunjhunwala
Other guys read Playboy. I read annual reports. — Warren Buffett
The reaction of weak management to weak operations is often weak accounting. — Warren Buffett
The two most important things in any company do not appear in its balance sheet: its reputation and its people. — Henry Ford
Never take your eyes off the cash flow because it's the life blood of business. — Richard Branson
Before you can really start setting financial goals, you need to determine where you stand financially. — David Bach
Some day, on the corporate balance sheet, there will be an entry which reads, "Information"; for in most cases, the information is more valuable than the hardware which processes it. — Grace Hopper
A good reputation for yourself and your company is an invaluable asset not reflected in the balance sheets. — Li Ka-shing
Remind people that profit is the difference between revenue and expense. This makes you look smart. — Scott Adams
Financier Quotes
Take Charge Of Your Financial Future. I believe investing small amounts each month in the stock market will give you financial freedom in the later years of your life. — Bo Sanchez
God is the source of my supply. His riches flow to me freely, copiously, and abundantly. All my financial and other needs are met at every moment of time and point of space; there is always a divine surplus. — Joseph Murphy
It is my right to be rich, happy, and successful.
Money flows to me freely, copiously, and endlessly.
I am forever conscious of my true worth. I give of my talents freely, and I am wonderfully blessed financially. It is wonderful! — Joseph Murphy
A single question can be more influential than a thousand statements.
Judo should be free as art and science from any external influences, political, national, racial, and financial or any other organized interest. And all things connected with it should be directed to its ultimate object, the benefit of Humanity. — Kano Jigoro
Under its current form, that is imperialism-controlled, debt is a cleverly managed re-conquest of Africa, aiming at subjugating its growth and development through foreign rules. Thus, each one of us becomes the financial slave, which is to say a true slave. — Thomas Sankara
Democracy is not compatible with financial oligarchy. — Che Guevara
Only those who are asleep make no mistakes. — Ingvar Kamprad
Part of your heritage in this society is the opportunity to become financially independent. — Jim Rohn
Just as men must give up economic control when their wives share the responsibility for the family's financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care. — Augustus Y. Napier
I give thanks that I am now rich, well and happy and that my financial affairs are in divine order. Every day in every way I am growing richer and richer. — Catherine Ponder
Financial Quotes
A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life. — Suze Orman
Theirs is an endless road, a hopeless maze, who seek for goods before they seek for God. — Bernard of Clairvaux
Gold and Bitcoin also hedge against inflation, never pay negative interest, and when held directly are not subject to haircuts and do not depend on strangers keeping their promises. — Nick Szabo
My poor dad said, 'You need to know a lot about one speciality.' My rich dad said, 'You need to learn a little about a lot of things.'
I made a commitment to completely cut out drinking and anything that might hamper me from getting my mind and body together. And the floodgates of goodness have opened upon me-spiritually and financially. — Denzel Washington
The people that control your financial markets, institutions and the people that control your main stream media, they now control your governments. — Douglas Macgregor
To ensure financial stability, we expect the provision of U.S. government securities settlement services to be robust in nearly all contingencies. — Jerome Powell
Quantum physics tells us that nothing that is observed is unaffected by the observer. That statement, from science, holds an enormous and powerful insight. It means that everyone sees a different truth, because everyone is creating what they see.
A fool may earn money, but it takes a wise man to keep it. — Scottish Proverbs
Market crashes and recessions create more millionaires than any other time. The catch: You have to be prepared AND financially educated. — Jaspreet Singh
I don’t think we’ll ever get to the 2024 election! I think things are going to implode in Washington before then. Our economic financial condition is fragile. It’s going to come home to roost in ugly ways. — Douglas Macgregor
I made a commitment to completely cut out drinking and anything that might hamper me from getting my mind and body together. And the floodgates of goodness have opened upon me - spiritually and financially. — Denzel Washington
Financial Aid Quotes
In this financial year we will be spending at least $1.5 billion on foreign aid and we cannot be sure that this money will be properly spent, as corruption and mismanagement in many of the recipient countries are legend. — Pauline Hanson
The Pell Grant is more than a financial aid program for college students in need. It is the right thing to do for America's college students, and it is the right thing to do for America's economy. — Norm Coleman
In engineering, people have a big margin of safety. But in the financial world, people don't give a damn about safety. They let it balloon and balloon and balloon. It's aided by false accounting. — Charlie Munger
As long as the problems of the poor are not radically resolved by rejecting the absolute autonomy of markets and financial speculation and by attacking the structural causes of inequality, no solution will be found for the world's problems or, for that matter, to any problems.
I believe that it must be the policy of the United States to support free peoples who are resisting attempted subjugation by armed minorities or by outside pressures. — Harry S. Truman
We developed at the local school district level probably the best public school system in the world. Or it was until the Federal government added Federal interference to Federal financial aid and eroded educational quality in the process. — Ronald Reagan
I would also certainly continue to keep loan repayment interest rates as low as possible. And I would spread the financial aid a little less thinly across all income brackets. — Charles Vest
I'm wondering if they haven't reported all the people with MS, because if all of the cases were reported, the government would have to step in and give more financial aid to us. — Teri Garr
I would also certainly continue to keep loan repayment interest rates as low as possible. And I would spread the financial aid a little less thinly across all income brackets. — Charles M. Vest
I was on significant financial aid, an only child, with parents who didn't have much living in North Carolina. — Chris Hughes
I believe that we must assist free peoples to work out their own destinies in their own way. — Harry S. Truman
Financial Education Quotes
Academic qualifications are important and so is financial education. They're both important and schools are forgetting one of them. — Robert Kiyosaki
I basically got an education in software on DuPont's money because they were too stubborn to admit that a recession was coming. — Michael Saylor
There is something wrong when you don’t learn a thing about financial education. — Jaspreet Singh
We must continue to educate the masses and encourage savings in Bitcoin to truly drain the kleptocratic swamp ruling our financial system. — Max Keiser
I was born and raised in Essex, just outside London, to a financially comfortable, well-educated Pakistani family. — Maajid Nawaz
Lots of literacy in modern society, but not enough numeracy. — Naval Ravikant
Everyone has the ability to build a financial ark to survive and flourish in the future. But you must invest time in your financial education to build an ark with a solid foundation. — Robert Kiyosaki
High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one's life. — Ruben Hinojosa
Because students leave school without financial skills, millions of educated people pursue their profession successfully, but later find themselves, struggling financially. — Robert Kiyosaki
State and local government, with financial support from the federal government, should offer a program to educate and train foster children for employment and provide them with financial assistance, as needed, until they reach age 21. — Charles Foster Bass
You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself — Warren Buffett
Since those don’t hit financial reports, the opportunities you had but didn’t accept, most people don’t bother thinking about them very much. At least that is a mistake we don’t make. We rub our own noses in our mistakes in blowing opportunities, as we just did. — Charlie Munger
Market values are fixed only in part by balance sheets and income statements; much more by the hopes and fears of humanity; by greed, ambition, acts of God, invention, financial stress and strain, weather, discovery, fashion and numberless other causes impossible to be listed without omission. — Gerald M. Loeb
After nearly making a terrible mistake not buying See's, we've made this mistake many times. We are apparently slow learners. These opportunity costs don't show up on financial statements, but have cost us many billions. — Charlie Munger
The insurance companies do not refer to the key policy rate when they send their statements. We can only control that rate. Long-term interest rates are determined largely by global financial markets. — Mario Draghi
I call it the Rule of Three. If you read a company's financial statements three times, and you still can't figure out how they make their money, that's usually for a reason. — James Chanos
You have more independent eyes scrutinizing the decision-making and financial statements of companies. — Steve Odland
Everyone has taste, yet it is more of a taboo subject than sex or money. The reason for this is simple: claims about your attitudes to or achievements in the carnal and financial arenas can be disputed only by your lover and your financial advisers, whereas by making statements about your taste you expose body and soul to terrible scrutiny. Taste is a merciless betrayer of social and cultural attitudes. Thus, while anybody will tell you as much (and perhaps more than) you want to know about their triumphs in bed and at the bank, it is taste that gets people's nerves tingling. — Stephen Bayley
The minute a Wall Street firm purchases your debt, your bank no longer has it on its financial statement, which then allows the bank to look for more credit card customers. That's one reason why you get so many credit card offers. — Robert Kiyosaki
New York is safer than it has been - and it's getting safer. But it's never safe. As the financial and communications capital of the world, this is where terrorists want to make a statement, where they get the most bang for the buck. — Raymond Kelly
I think once you start putting phony figures into financial statements, you get in a lot of trouble. And we've seen so much of that in the last 20 years. — Warren Buffett
The financial disclosure statements, they don't give you the tax rate. They don't give you all the details that tax returns would. — Hillary Clinton
You will learn more about Donald Trump by going down to the federal elections, where I filed a 104-page essentially financial statement of sorts, the forms that they have. It shows income - in fact, the income - I just looked today - the income is filed at $694 million for this past year, $694 million. If you would have told me I was going to make that 15 or 20 years ago, I would have been very surprised. — Donald Trump
Sarah Palin is a great example of someone that just stirs the pot for the sake of the attention. No vision, no critical thinking, no backup to her statements. Just to incite little riots everywhere and capitalize upon it financially. To me, she is a microcosm of the ultimate cynicism in American politics. — Rosanne Cash
You get in a lot of trouble when you start putting fictitious numbers on value. I think to just say, we're going to say a dollar of cash is worth $2 all of a sudden, it isn't worth $2. It's worth a dollar today. And I think once you start putting phony figures into financial statements, you get in a lot of trouble. — Howard Warren Buffett
Year-end financial statements express a truth about office life which is no less irrefutable yet also, in the end, no less irrelevant or irritating than an evolutionary biologist's proud reminder that the purpose of existence lies in the propagation of our genes. — Alain de Botton
Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another. — Thomas Sowell
Mandatory auditor rotation is designed to address a potential conflict of interest between a public company and its auditor. Because an auditor is hired and paid by the public company it audits, the auditor's desire to maintain a good relationship with its client could conflict with its duty to rigorously question the client's financial statements. — Robert Pozen
Even the financial disclosure statements that political bloggers were required to post hadn't stemmed the suspicion that people's opinions weren't really their own. "Who's paying you?" was a retort that might follow any bout of enthusiasm, along with laughter - who would let themselves be bought? — Jennifer Egan
When you are in the final days of your life, what will you want? Will you hug that college degree in the walnut frame? Will you ask to be carried to the garage so you can sit in your car? Will you find comfort in rereading your financial statement? Of course not. What will matter then will be people. If relationships will matter most then, shouldn't they matter most now? — Max Lucado
In Conclusion
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