Time is the most valuable asset you don't own.
The poor and the middle class work for money. The rich have money work for them.
Own nothing, control everything.
Know what you own, and know why you own it.
It's something I've always kicked around, not doing the eBook but the Rich Man, Poor Man thing.
Having the opportunity to follow the market frequently gives you the opportunity to see if you need to reevaluate your portfolio. But reevaluating your portfolio shouldn't trigger a sell signal so frequently.
Therefore, the only way Donald Trump can protect himself is to set up a blind trust or to divest in these holdings. It's the only way.
I feel like I grew up in the investment business. My dad was at T. Rowe Price his whole career. We lived in Baltimore and had a small social circle, so most of my dad's friends also worked for T. Rowe.
Berkshire's past record has been almost ridiculous. If Berkshirehad used even half the leverage of, say, Rupert Murdoch, it would be five times its current size.
Behold, the fool saith, "Put not all thine eggs in the one basket" - which is but a matter of saying, "Scatter your money and your attention"; but the wise man saith, "Pull all your eggs in the one basket and - WATCH THAT BASKET." - Pudd'nhead Wilson's Calendar
If someone hands you a million dollars, best you become a millionaire, or you won't get to keep the money.
Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.
Rule One. You must know the difference between an asset and a liability, and buy assets. An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.
The actions of hedge fund managers in exercising their fiduciary responsibilities to their investors is not the reason why Chrysler is in jeopardy.
We adopted a focused strategy of core businesses in Citicorp that play to our unique historic strengths as a global bank that will provide strong growth and attractive returns over the long-term... And we've identified non-core assets we have shed.
Capital brings forth living offspring, or at the least, lays the golden eggs.
The book-keeping of benefits is simple: it is all expenditure; if any one returns it, that is clear gain; if he does not return it, it is not lost, I gave it for the sake of giving.
Time is man's most precious asset. All men neglect it; all regret the loss of it; nothing can be done without it.
A vacation home is a wonderful 'extra' as you start building wealth. Remember, though, it's still basically a very large, very expensive toy.
Financial independence is the ability to live from the income of your own personal resources.
I've nothing against Goldman Sachs. But Goldman Sachs isn't an investment bank. Goldman Sachs is a hedge fund. It's bigger than any hedge fund. It's more leveraged, to the power of three or five, than any hedge fund.
I was, as president and chairman of the board, required by law to verify the veracity of the financial figures, the assets under management, the number of outstanding shares, et cetera.
We make a series of investments, some will pan out and some won't.
My stockbroker asked me something important today: paper or plastic?
We decided to go the way of trading and getting younger players.
