Thomas Piketty Quotes

The overwhelming majority of my rated wealth consists of investments in companies that produce goods and services.

Equities are boring; bonds are disgusting.

Although it's easy to forget sometimes, a share is not a lottery ticket... it's part-ownership of a business.

Capital, however capital may be defined, would practically cease to exist as an income producing fund, for the simple reason that if money, wherewith to buy capital, could be obtained for one-half of one per cent, capital itself could command no higher price.

Capital is kind of a banking concept.

You can't look at the intrinsic value of gold as you can a business. Gold doesn't give you cash flow, and, at the end of the day, cash flow is what is important. Gold doesn't give you dividends.

I don't particularly like equities, but I think equities are a better space to be in than bonds.

For a number of major companies, if you can't access the commercial markets, you can't fund your business. That's a big problem. You can't pay your bills.

Capital isn't this pile of money sitting somewhere; it's an accounting construct.

Capital is money, capital is commodities. By virtue of it being value, it has acquired the occult ability to add value to itself. It brings forth living offspring, or, at the least, lays golden eggs.

I like things with upside. That's how you make money.

I'm going to retain a lot of Microsoft's stock.

People will invest in you only if they see some kind of return, and that's the dark truth.

Profits in business always depend on the rate of interest: the higher the interest, the higher the rate of profit required.

Business is other people's money.

I thought the stock was a great buy. I think anybody that bought the stock in 1999 was - saw over the next couple of years a strong growth. During the year of 1999, I significantly increased my ownership of shares in the company.

It may be said, let him take Money at Interest, and not buy at Time. But then Men must be found, that will lend; the Legislative must provide a Fund to borrow upon.

I never lost money by turning a profit.

Business, that's easily defined - it's other people's money.

In any investment, you expect to have fun and make money.

I would borrow money all day long, if the cost of borrowing is less than the expected return.

I have invested in the stock market since I was very young.

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

For example, if I make money, I put it in real estate. I always did very well. Location, location, location.

For most, the largest asset is their home. This becomes a sentimental issue, I know, but if you're holding on to a home that you can no longer afford - or you need the liquidity - you need to think about solutions. One might be to bring in a tenant or roommate; a more drastic measure is to sell the home and downsize.