Damien Hirst Quotes

Art is a form of asset. Hedge-fund managers who have made money fast should diversify into other areas.

What do wealthy people do with their money? They can only buy so many cars, houses, and steak dinners. So we either give it away or invest it.

Art is not an investment. Art is something you buy because you are financially solvent enough to give yourself a pleasure of living with great works rather than having to just see them in museums. People who are buying art at the top of the market as an investment are foolish.

I used to collect Persian rugs and real estate - you should be able to walk on and live in your money. I had to give up the rugs because I'm allergic to mould.

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.

For me, collecting is sort of a natural extension of being an art dealer, because if you don't want to collect the artist, then you probably shouldn't be representing them.

You don't want 300 million Americans putting their money under the mattress.

Put not your trust in money, but put your money in trust.

Contrary to common assumption, many of the wealthiest Americans aren't worried about the weakening economy at all. They are actually excited about it.

The '80s market was only a Japanese market. It was the Japanese outbidding each other for the most expensive works of art. When the Japanese economy went down the tubes, there was no one left to pay the prices that have been recorded for all of those works.

One of the great responsibilities that I have is to manage my assets wisely, so that they create value.

Investing is for wealth preservation, not wealth creation, so first you have to make wealth.

I don't want to be one of those guys that you see who made $4 million, invested $3.5 million, and now you work at Wendy's.

I'd be the last guy to tell a wealthy person what to do with their money. They're entitled to do whatever they want.

I love the work of Matisse and Picasso, but I don't have enough millions to own one. And I don't really believe in owning art, anyway.

I buy some art but I don't like to talk about it.

Trust funds can never be a substitute for a fund of trust.

Despite all the efforts of art dealers, the number of Rembrandts existing at a given time is limited; yet such paintings are commonly disposed of by auction.

I put my money in property and I love merchandise; such as Muhammad Ali boxing gloves. It's about stability for the future.

The problem is, how can we help them get rich and stay rich ourselves?

There are two times in a man's life when he should not speculate [on the Stock Market]: when he can't afford it, and when he can.

Many financial innovations such as the increased availability of low-cost mutual funds have improved opportunities for households to participate in asset markets and diversify their holdings.

Who doesn't want to have a yacht? But I would prefer to invest my money in something else. But I love them. I just wouldn't buy one unless I had a lot, a lot of money.

I don't want to outlive my money.

It's important that we educate Americans about how hedge funds and private equity play completely different roles.