William J. Bernstein Quotes

The key, I think, from a business point of view, is to learn how to be efficient in making a record that's not too expensive, so that you're not going crazy spending tons of money making a product that might not ever return that money.

There's always a concern over budget with film too but people are more extravagant when they're making a feature. In television everything's tight, everything's paired down and it's just a question of making it look expensive.

Why would you want to invest with a guy whose thought process says, "If a second layer of fees is good, then let's add a third layer.

The key aspect of an index fund is that many of them, not all of them, but many of them are extremely cheap.

Expenses should never exceed one percent of our purchases.

The key issue when you're looking at cost cutting is to always plan for the future.

Always start at the end before you begin. Professional investors always have an exit strategy before they invest. Knowing your exit strategy is an important investment fundamental.

Congratulations on your job at the bank! Yes. You work for the bank. After taxes, your largest expense is your mortgage and credit-card debt.

One of the really key things to look at in terms of crafting strategy when you're in an economic crises is how do you maximize essentially your liquidity position? Your ability to both take kind of profits and revenues and business and then convert that into a stronger lead. And so those companies that can do that can actually, you know, get a march on their competitors.

The key to financial freedom and great wealth is a person's ability or skill to convert earned income into passive income and/or portfolio income.

I know what I'm talking about and I've never been over budget, in 70 films.

Keep salaries low and equity high. Keep the organization as flat as you can.

I always tell new people in show business. I say, "Look, show business pays you a lot of money, because eventually you're gonna get screwed. And when you get screwed, you will have this pile of money off to the side already." And they go, "OK, OK. OK, you ready? You ready?" "I got screwed." "You got the pile of money?" "Yeah, I'm fine." I mean, that's the way it works.

I'm working full-time on my job and part time on my fortune. But it won't be long before I'm working full-time on my fortune. . . can you imagine what my life will look like?

Balancing your money is the key to having enough.

I never believed that one big bill is the way to go.

Your goal, as a creative investor, is to launch your ship into financial orbit ... and then put it on automatic pilot.

As you manage your money, you manage your life.

Financial "synergy" is a will-o'-the-wisp.It looks good on paper, but it fails to work out in practice.

The key factor that will determine your financial future is not the economy; the key factor is your philosophy.

Сount dollars, not pennies. Look at the big-ticket items, in your budget.

Save for your goals. Take note of what's coming your way - vacations, the holidays, what ever is going to cost you money - and start saving ahead of time so that you have a stash when the time comes.

People who cost too much: manager, lawyer, publicist, label, music publisher.

The prospect of penury in age is so gloomy and terrifying that every man who looks before him must resolve to avoid it; and it must be avoided generally by the science of sparing.

Why would you take money out of your paycheck at the beginning of the month when you don't know how much money you'll need?