finance

The reason for what a certain stock does today may not be known for two or three days, or weeks, or months. But what the dickens does that matter? Your business with the tape is now - not tomorrow! The reason can wait. But you must act instantly or be left.

When an international financier is confronted by a holdup man with a gun, he automatically hands over not only his money and jewelry but also his shirt and pants, because it doesn't occur to him that a robber might draw the line somewhere.

If you don__ laugh reading this book I__l eat my pocket protector. Wait, did I just admit I had a pocket protector?

Cruelty links all three primitives [pleasure, pain, and desire]: Spinoza defines it as the desire to inflict pain on someone we love or pity. Financial speaking, cruelty is analogous to a convertible bond whose debt and equity depend on three economic underliers: the stock price, the level of interest rates, and the credit worthiness of the company's debt.

Being an investment banker is pretty much the perfect job for an all around triple-threat genius, and because I__ doing so well with it, I know I__ actually smarter than certifiable geniuses like Stephen Hawking and Einstein.

You do pay a price for your Financial Freedom, but it is far lesser than what you pay for a Lifetime Slavery.

...there should be no place in a portfolio for hedge funds. There are lots of reasons, but the main one is simple: Investing in hedge funds is a great way to increase the odds of underperformance.

You should RULE your money, Money shouldn't RULE your Life.

Everyday i meet with clients including widows and divorcees who have the same fears about money and it's my role to empower them, and women in general, to take control of their finances and create a plan.

I never use hedge funds because I am well aware of what drives future performance, and hedge funds start out with a great disadvantage in every major category: taxes, fees, risk management, transparency and liquidity.

Saving is a great habit but without investing and tracking, it just sleeps

Many small businesses would rather face an angry barbarian horde than tackle their cash flow statement or price a new product.

The mutual fund industry has been built, in a sense, on witchcraft.

[T]he ABCP market was built on a fatal flaw: a significant mismatch between the duration of the underlying assets (long-term) and the duration of the paper itself (short-term). While this structure is not unusual -- banks use it all the time -- the crucial difference is that banks have a strong liquidity provider in the event of a problem: the Bank of Canada. The trusts, however, were left in limbo.

There are no good or bad stocks. The company is either good or bad. Stocks are just stocks.

The stock market cares about only one thing above all else: anticipated earnings. If companies make more money, their share prices eventually rise. The stock price is simply a reflection of a company's earning power. Everything else is noise.

The basic scam in the Internet age is pretty easy even for the financially illiterate to grasp. It was as if banks like Goldman were wrapping ribbons around watermelons, tossing them out fiftieth-story windows, and opening the phones for bids. In this game you were a winner only if you took your money out before the melon hit the pavement.

If skeptic can weakly force E, then he can force E.