financial behavior Quotes

Money is 80% behavior, 20% head knowledge. It's what you do, not what you know.

All progress is based upon the universal innate desire on the part of every organism to live beyond its income.

The late 90s almost forced me to identify myself as a value investor, because I thought what everybody else was doing was insane.

Money often moves around like a high school kid with no personality - it goes with the crowd.

I must have gone through $10 million during my career. Part of the loot went for gambling, part for horses and part for women. The rest I spent foolishly.

In the free market, a man born into wealth or who has otherwise acquired great riches can lose his fortune depending on how he chooses to behave. Conversely, a man born into poverty or who has lost wealth once obtained can acquire a fortune, depending, again, on how he chooses to behave.

Every one, even the richest and most munificent of men, pays much by cheque more light-heartedly than he pays little in specie.

A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.

Give the Germans five deutschmarks and they will save it. But give the British £5 and they will borrow £25 and spend it.

The covetous man never has money. The prodigal will have none shortly.

I don't think I'm unduly extravagant.

People say I am cheap, and I don't mind if they do.

Character is money; and according as the man earns or spends the money, money in turn becomes character. As money is the most evident power in the world's uses, so the use that he makes of money is often all that the world knows about a man.

Expenditures rise to meet income.

Arbitrage human nature. It's not going to change any time soon.

The more I spend at one position, the more I can dive into those details.

people's feelings about themselves change when they change the way they handle their money. Once they begin treating their money with respect, their self-respect shoots up as well.

I believe in the dollar. Everything I earn, I spend!

That plenty should produce either covetousness or prodigality is a perversion of providence; and yet the generality of men are the worse for their riches.

One just spends as much money as one has. Very peculiar that! You never actually have any money. You think, If I had this much money ten years ago, I would have thought I was amazingly rich, but I still manage to spend it all and not have any left.

I do think your attitude towards money is an inherent part of your character.

The simple reason that most people fail financially is not because of the lack of a plan, it’s not because of good advice, it’s not even because of a lack of capital. It is for one reason—they attach more pain to the idea of having money, than NOT having it.

People who fail to accumulate money, without exception, have the habit of reaching decisions, if at all, very slowly, and of changing these decisions quickly and often.

I think I'm more of a saver than a spender - more because I just like being at home.

The impulse to spend seizes everyone. He who, the whole year through has taken pleasure is saving and piling up his money suddenly becomes extravagant. A stream of presents pours itself out on all sides.