Money, Robert W. Sarnoff

Finance is the art of passing money from hand to hand until it finally disappears.

$ Robert W. Sarnoff

Investment, Warren Buffett

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

- Warren Buffett, well-known investor

As his quote suggests, Buffett has achieved his tremendous success by doing just the opposite. In short, Buffett likes to "buy low and sell high." And that's good advice for all of us.

Finance, Warren Buffett

It's only when the tide goes out that you learn who's been swimming naked.

- Warren Buffett (1930- ), Wall Street

Charlie Munger said, "Warren and I are chicken about buying stocks on margin."

Investor, Wall Street

When enough investors find themselves shorn, scapegoats will be sought.

- Wall Street

The real reason for a protracted decline is never bear raiding.

Investor, Wall Street

Successful investor must not only observe accurately but remember what he has observed.

- Wall Street

Bet always on probabilities.

Banking System, Richard Ramsden

You can construct a banking system in which no bank will ever fail, in which there's no leverage. But there would be a cost. There would be virtually no economic growth because there would be no credit creation.

- Richard Ramsden of Goldman Sachs, 2010

Chance, Wall Street

You always need a catalyst to make big things happen.

- Wall Street

Ability to Adapt to a New Epoch, Bill Gross

There is not a Bond King or a Stock King or an Investor Sovereign alive that can claim title to a throne. All of us, even the old guys like Buffett, Soros, Fuss, yeah – me too, have cut our teeth during perhaps a most advantageous period of time, the most attractive epoch, that an investor could experience. ...What if an epoch changes? What if perpetual credit expansion and its fertilization of asset prices and returns are substantially altered? What if zero-bound interest rates define the end of a total return epoch that began in the 1970s, accelerated in 1981 and has come to a mathematical dead-end for bonds in 2012/2013 and commonsensically for other conjoined asset classes as well? What if a future epoch favors lower than index carry or continual bouts of 2008 Lehmanesque volatility, or encompasses a period of global geopolitical confrontation with a quest for scarce and scarcer resources such as oil, water, or simply food as suggested by Jeremy Grantham? What if the effects of global "climate change or perhaps aging demographics," substantially alter the rather fertile petri dish of capitalistic expansion and endorsement? What if quantitative easing policies eventually collapse instead of elevate asset prices? What if there is a future that demands that an investor—a seemingly great investor—change course, or at least learn new tricks? Ah, now, that would be a test of greatness: the ability to adapt to a new epoch.

- Bill Gross (1944- )

Pimco's Bill Gross Looks at the Man in the Mirror (CNBC.com, 3 Apr 2013)
http://www.cnbc.com/id/100612898

http://finclip.blogspot.kr/2013/04/pimcos-bill-gross-looks-at-man-in-mirror.html

Finance, Bill Gross

Inflation and deflation in this levered world coexist nearly side-by-side.

- Bill Gross (1944- )

Finance, Ben Bernanke

We're not paying any attention to election calendars or political debates. We're looking at the economy. We want to make the right decision. We want to do it without political pressure, and that's what we're going to do.

- Ben Bernanke, in an interview with ABC's Diane Sawyer on "World News," 03/27/2012

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ABC: EXCLUSIVE: Federal Reserve Chief Ben Bernanke on the Economy

Finance, Ben Bernanke

And so yeah, I'm sleeping a little better, but again, I think it's really important not to be complacent. We have a long way to go, a lot of work to do, and we're going to keep doing that.

- Ben Bernanke, ABC News interview, 03/27/2012

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ABC: EXCLUSIVE: Federal Reserve Chief Ben Bernanke on the Economy

Finance, Newt Gingrich

(If elected president in 2012) I’d fire him tomorrow. I think he’s been the most inflationary, dangerous and power-centered chairman of the Fed in the history of the Fed.

- Newt Gingrich (1943- ), 09/07/2011

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Daily Caller: Newt Gingrich in debate: I’d fire Ben Bernanke as fed chairman

Economy, Ben Bernanke

To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above.

- Ben Bernanke, Speech given on Apr. 7, 2010 to the Dallas Regional Chamber of Commerce, "Economic Challenges: Past, Present and Future"

대규모 불안정한 재정 적자를 피하기 위해서는 정부는 궁극적으로 높은 세금, 사회보장과 보건 같은 복지 프로그램의 조정, 교육에서 국방까지 모든 분야에서 지출 삭감을 선택 하거나, 아니면 위에 언급한 것들을 같이 사용해야 합니다.

- 벤 버냉키

AFI #057 Michael Douglas as Gordon Gekko from Wall Street (1987)

Gordon Gekko: Teldar Paper, Mr. Cromwell, Teldar Paper has 33 different vice presidents each earning over 200 thousand dollars a year. Now, I have spent the last two months analyzing what all these guys do, and I still can't figure it out. One thing I do know is that our paper company lost 110 million dollars last year, and I'll bet that half of that was spent in all the paperwork going back and forth between all these vice presidents. The new law of evolution in corporate America seems to be survival of the unfittest. Well, in my book you either do it right or you get eliminated. In the last seven deals that I've been involved with, there were 2.5 million stockholders who have made a pretax profit of 12 billion dollars. Thank you. I am not a destroyer of companies. I am a liberator of them! The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA. Thank you very much.

- Michael Douglas as Gordon Gekko from Wall Street (1987)

The bolded line is ranked #57 in the American Film Institute's list of the top 100 movie quotations in American cinema.