Fiduciary Quotes

• I think a problem for most people in a fiduciary capacity is to eliminate self and greed and all those things so that they can actually be in a fiduciary capacity where the artist comes first or the client, whoever the client happens to be.

  Shep Gordon

  Artist, Thinking, Self

  Source: collider.com

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• The unhappy theory of business ethics is this: you have a fiduciary responsibility to maximize profit. Period. To do anything other than that is to cheat your investors. And in a competitive world, you don't have much wiggle room here.

  Seth Godin

  Responsibility, Unhappy, World

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• We need a mutual fund industry with both vision and values; a vision of fiduciary duty and shareholder service, and values rooted in the proven principles of long-term investing and of trusteeship that demands integrity in serving our clients.

  John C. Bogle

  Integrity, Long, Vision

  John C. Bogle (2010). “Enough: True Measures of Money, Business, and Life”, p.156, John Wiley & Sons

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• Education, especially business education will only give you tools. What you do with these tools is all that matters. Life and business isn’t paint by numbers. You have to think for yourself. You have to invent yourself. You have an inferred fiduciary mandate to yourself, and that means, it’s your responsibility to learn people skills, and language skills, in order to increase your chances of success. You also have to be at the right place, at the right time, with the right thing. Mostly and invariably, the real product you’re going to be selling is….you.

  Gene Simmons

  Real, Mean, Responsibility

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• Our laws demand that a corporation have a fiduciary responsibility with shareholders to maximize profits. They are legally required to make as much money as possible, any way possible within 'the law.'

  Michael Moore

  Responsibility, Law, Way

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• That faith which is required of us is then perfect when it produces in us a fiduciary assent to whatever the Gospel has revealed.

  William Wake

  Faith, Perfect, Produce

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• When I run a business, and I run a business, if I don't take advantage of the five deductions that are available to me, even if you think those deductions are unfair, then I've violated my fiduciary duty.

  Rudy Giuliani

  Running, Thinking, Unfair

  "Meet the Press" with Chuck Todd, www.nbcnews.com. October 2, 2016.

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• There can be no other criterion, no other standard than gold. Yes, gold which never changes, which can be shaped into ingots, bars, coins, which has no nationality and which is eternally and universally accepted as the unalterable fiduciary value par excellence.

  Charles de Gaulle

  Excellence, Gold, Bars

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• I don't think our fiduciary duty is to put shareholders first. I say the opposite. What we firmly believe is that if we focus our company on improving the lives of the world's citizens and come up with genuine sustainable solutions, we are more in synch with consumers and society and ultimately this will result in good shareholder returns.

  Paul Polman

  Believe, Thinking, Opposites

  "Unilever's Paul Polman: challenging the corporate status quo" by Jo Confino, www.theguardian.com. April 24, 2012.

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• We rarely use much debt and, when we do, we attempt to structure it on a long-term fixed rate basis. We will reject interesting opportunities rather than over-leverage our balance sheet. This conservatism has penalized our results but it is the only behavior that leaves us comfortable, considering our fiduciary obligations to policyholders, depositors, lenders and the many equity holders who have committed unusually large portions of their net worth to our care.

  Warren Buffett

  Opportunity, Interesting, Long

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• Women, you have all this power, I'm telling you. In business, you have something called an inferred fiduciary duty to yourself. Look at the other hugely successful women in industry, commerce, science and everywhere else and you'll see women who are feminine, beautiful but also do not rely on men for their self-empowerment.

  Gene Simmons

  Beautiful, Successful, Men

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• Invest in low-turnover, passively managed index funds... and stay away from profit-driven investment management organizations... The mutual fund industry is a colossal failure... resulting from its systematic exploitation of individual investors... as funds extract enormous sums from investors in exchange for providing a shocking disservice... Excessive management fees take their toll, and manager profits dominate fiduciary responsibility.

  David F. Swensen

  Responsibility, Organization, Systematic

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• This civil action is another case of a tragedy that has become all too familiar in the music industry: a business manager and professional advisers exploit an immensely talented artist's loyalty and trust through greed, self-dealing, concealment, knowing misrepresentation and reckless disregard for professional fiduciary duties.

  Leonard Cohen

  Loyalty, Artist, Self

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• And so it can be very much in the interest of bank A to sell-short bank B shares, or buy CDSes on bank B, because they have exposure to bank B. It's the responsible thing to do as a fiduciary, and yet if everyone does it at the same time, it's destabilizing because everyone is selling.

  James Chanos

  Doe, Selling, Share

  "Q&A With Jim Chanos Part I: 'Greece Is A Prelude'". Interview with Vince Veneziani, www.businessinsider.com. April 13, 2010.

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• What is needed for a sound expansion of production is additional capital goods, not money or fiduciary media. The credit expansion is built on the sands of banknotes and deposits. It must collapse.

  Ludwig von Mises

  Media, Credit, Sound

  Ludwig Von Mises (1963). “Human action: a treatise on economics”

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