Financial Conservatism Quotes

We rarely use much debt and, when we do, we attempt to structure it on a long-term fixed rate basis. We will reject interesting opportunities rather than over-leverage our balance sheet. This conservatism has penalized our results but it is the only behavior that leaves us comfortable, considering our fiduciary obligations to policyholders, depositors, lenders and the many equity holders who have committed unusually large portions of their net worth to our care.

The least punk thing I ever did was open a money market account. Blue chip stocks. Mutual funds. They're a very safe and dependable way to grow your money long-term.

It's no accident that Montana is the most fiscally prudent state in the nation.

The obsession with gold, actually and politically, occurs among those who regard economics as a branch of morality. Gold is solid, gold is durable, gold is rare, gold is even (in certain very peculiar circumstances) convertible. To believe in thrift, solidity and soundness is to believe in some way in the properties of gold.

Some people call themselves fiscal conservatives; my wife says I'm just cheap.

I haven't been as wild with my money as somebody like me might have been. I've been very safe, very conservative with investments. I don't blow money. I don't have a ton of houses. I know things can go away. I've already had that experience.

If bankers become overly conservative in response to past lending mistakes - or if examiners force such behavior - it will hurt bankers' own long-term interests and the economy in general.

I'm conservative with my money. I'm the one who's got a family and I can't be playing basketball forever, so when I retire, I want to live on what I've made.

Sometimes I feel like I could have been a Depression-era person, just because of my need to make sure that I'm conservative in how I think about money.

It is unquestionably true that the investment companies have their money more conventionally invested than we do. To many people conventionality is indistinguishable from conservatism. In my view, this represents erroneous thinking. Neither a conventional nor an unconventional approach, per se, is conservative.

The thrifty maxim of the wary Dutch, Is to save all the Money they can touch

One thing my and mother and dad shared completely was their approach to money - they just didn't spend it.

But I've always been accused of being a bit tight with money, so it hasn't particularly changed my lifestyle.

I do wish I had brought my cheque book. I don't believe in credit cards.

I don't like spending money.

Instead of buying airplanes and playing around like some of our competitors, we've rolled almost everything back to the company.

I just like to keep my money in the bank; I'm not a big risk-taker. I don't know anything about the stock market... I stay away from things I don't know anything about.

My family wasn't rich, so when it comes to money, I tend to think, 'Err on the side of caution.'

When I was a kid, all of the parents and grandparents came out of the Depression Era. They were all freezing bread in their freezer, they were covering their sofas with plastic, and they had plastic runners on the floor. There was a great distance between them and anything authentic.

People are very focused on value and preservation of capital. They're a lot less risk-prone than they used to be.

Do I care about clothes and stuff? Not much. It's a bit sick, isn't it, people spending all that money on clothes? I'm too stingy. I wouldn't pay £100 for a shirt.

Some studies show that women can be better money managers than men because they tend to be more conservative and do their homework. Men tend to take more risks without the research.

I am very conservative. I don't invest in anything that is risky. If someone comes to me with a project idea, I let them risk their money, not mine.

I'm not a big spender. I don't get into all the jewelry and all that.

My reputation is as a fiscal hawk. At least, I hope that it is.