I wasn't worth a cent two years ago, and now I owe two million dollars.
Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one.
[U]nemployment is ... a side effect of the cure for inflation.
Political ideas that have dominated the public mind for decades cannot be refuted through rational arguments. They must run their course in life and cannot collapse otherwise than in great catastrophe.
President Marcos was investing in precious metals long before he entered politics.
If we assume that there are normal or standard income results to be obtained from investing money in securities, then the role of the adviser can be more readily established. He will use his superior training and experience to protect his clients against mistakes and to make sure that they obtain the results to which their money is entitled.
Wall Street has a few prudent principles; the trouble is that they are always forgotten when they are most needed.
Of course we have to make a profit, but we have to make a profit over the long haul, not just the short term, and that means we must keep investing in research and development - it has run consistently about 6 percent of sales at Sony - and in service.
Our anti-crisis policy is aimed at supporting domestic demand, providing social guarantees for the population, and creating new jobs. Like many countries, we have reduced production taxes, leaving money in the economy. We have optimised state spending.
While Financier George Soros was investing money in Kosovo's reconstruction, the George Soros Foundation for an Open Society had opened a branch office in Pristina establishing the Kosovo Foundation for an Open Society (KFOS) as part of the Soros' network of "non-profit foundations" in the Balkans.
For more than twenty years he [Blanchard] toiled on through the most fatiguing paths of literary composition, mostly in periodicals, often anonymously; pleasing and lightly instructing thousands, but gaining none of the prizes, whether of weighty reputation or popular renown, which more fortunate chances, or more pretending modes of investing talent, have given in our day to men of half his merits.
Please understand, I am not saying that technology is unimportant. I understand that technology is important. But if we are just focusing on technology and investing in an IT manufacturing plant to come up with higher performance processing [chips], we will not succeed.
A banker is somebody who lends you an umbrella & takes it away as soon as it starts raining.
Find the trend whose premise is false, and bet against it.
All things flow, nothing abides. You cannot step into the same river twice, for the waters are continually flowing on. Nothing is permanent except change.
Inflationism, however, is not an isolated phenomenon. It is only one piece in the total framework of politico-economic and socio-philosophical ideas of our time. Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism.
Significant changes in the growth rate of money supply, even small ones, impact the financial markets first. Then, they impact changes in the real economy, usually in six to nine months, but in a range of three to 18 months. Usually in about two years in the US, they correlate with changes in the rate of inflation or deflation." "The leads are long and variable, though the more inflation a society has experienced, history shows, the shorter the time lead will be between a change in money supply growth and the subsequent change in inflation.
... a speculator is one who runs risks of which he is aware and an investor is one who runs risks of which he is unaware.
In the last analysis, luck comes only to the well prepared.
You must never delude yourself into thinking that you're investing when you're speculating.
On the whole, however, it is only out of pride or gross ignorance, or cowardice, that we refuse to see in the present the lineaments of times to come.
Only idiots and infants need things. The language of needs is the native tongue of socialists, therapists, and paternalists of all sorts and is addressed to needy dependents. The language of wants is spoken by self-respecting adults and is addressed to other self-respecting adults.
Timing the market is a fools game, whereas time in the market is your greatest natural advantage.
Investing is the greatest business in the world because you never have to swing. You stand at the plate; the pitcher throws you General Motors at 47! U.S. Steel at 39! And nobody calls a strike on you. There's no penalty except opportunity. All day you wait for the pitch you like; then, when the fielders are asleep, you step up and hit it.
Value investing is predicated on the efficient market hypothesis being wrong.
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