Yvon Chouinard Quotes

It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sump payment for a future cash flow.

A child thinks 20 shillings and 20 years can scarce ever be spent.

Time will take your money, but money won't buy time.

The longer you hold a dollar, the longer you hold money, the more valuable it becomes over time. So the younger you are, the more ability you have to hold money longer term.

The rate of interest acts as a link between income-value and capital-value.

I believe wealth should be in the hands of those who know how to create more wealth.

Savings is the fundamental input for capital investment, and capital investment is the primary ingredient in productivity.

Savings and investment are indissolubly linked. It is impossible to encourage one and discourage the other.

If a woman waits 10 years to invest, "I'm busy", "I've got to do this", "I can put it off", "I gotta find the right financial..." It costs her $100 a day. $100 a day! And if we had money falling out of her pocketbook at the rate of $100 a day, we'd change our pocketbook; we'd fix our pocketbook.

Finding a single investment that will return 20% per year for 40 years tends to happen only in dreamland. In the real world, you uncover an opportunity, and then you compare other opportunities with that. And you only invest in the most attractive opportunities. That's your opportunity cost. That's what you learn in freshman economics. The game hasn't changed at all. That's why Modern Portfolio Theory is so asinine.

The realization that I came to is that each citizen for himself or herself understands the economics, which is, "I better make more than I spend and I better put something aside for a rainy day, and I want to get a good idea about what to do with the surplus so that perhaps it can grow while I'm sleeping." And that that's capitalism. Everybody practices it, but half of the country - those on the left - deny that it's true.

Finding the best person or the best organization to invest your money is one of the most important financial decisions you'll ever make.

With enough insider information and a million dollars, you can go broke in a year.

Warren spends 70 hours a week thinking about investing .

There's a real difference between venture capitalism and vulture capitalism. Venture capitalism we like. Vulture capitalism, no. And the fact of the matter is that he's going to have to face up to this at some time or another, and South Carolina is as good a place to draw that line in the sand as any.

Diversification is your buddy.

Without speculation there can be no economic activity reaching beyond the immediate present.

Some people want to give money to their children, buy houses, go on a holiday - whatever it is that they want to invest in. This particular journey has been something that I wanted to do most of my life, but there was no real opportunity to do so.

We're guessing at our future opportunity cost. Warrenis guessing that he'll have the opportunity to put capital out at high rates of return, so he's not willing to put it out at less than 10% now. But if we knew interest rates would stay at 1%, we'd change. Our hurdles reflect our estimate of future opportunity costs.

I must know every aspect of my personal finances. Managing your money will help you make your money work for you.

The investment game is getting more and more competitive.

Diversify your investments.

If you write what you know about, you will always be on safe ground. I am very edgy and nervous about going into territories I know nothing about. That's why you don't find much high finance, group sex, or yachting parties in my stories.

You have to keep your priorities straight if you plan to do well in stocks.

What is the most effective, practical way of raising the wealth of nations? What causes wealth? I have come to think that the dream of democratic socialism is inferior to the dream of democratic capitalism, and that the latter's superiority in actual practice is undeniable.