Financial Data Quotes

Banking is a branch of the information business.

'Bloomberg's, you know, for people who don't use the service, provides through the Internet - through specialized computers - information about the financial world. It's a very large data base. I think they have on the order of a billion dollars or more a year in revenue.

The stock market is a discounter of all known information.

Reports also suggest that Ernst and Young and other large tax preparation firms are sending tax returns overseas for processing. But the IRS has no control over tax information once it's been sent to India or another country.

Our lives are now in a telephone, all our data, all our finances, all our personal information, and so it's proper that we have some constraints on that. But it's not going to be 100 percent. If it is 100 percent, then we're not going to be able to protect ourselves and our societies from some people who are trying to hurt us.

In general, you don't want competitors to understand your business outside of telling people your revenue and profitability numbers.

So that's why I said, if you look at the average, you would see the money New York got this year was in line with the average across the prior three years and substantially more, by a country mile, than the money given to any other city.

The amount of data and analysis available for free is a true example of information explosion has leveled the playing field for individual investors.

Privacy is a vast subject. Also, remember that privacy and convenience is always a trade-off. When you open a bank account and want to borrow some money, and you want to get a very cheap loan, you'll share all details of your assets because you want them to give you a low interest rate.

The four most dangerous words in finance are 'this time is different.' Thanks to this masterpiece by Carmen Reinhart at the University of Maryland and Kenneth Rogoff of Harvard, no one can doubt this again. . . . The authors have put an immense amount of work into collecting the data financial institutions needed if they were to have any chance of making quantitative risk management work.

In 1844, there was a balance of perhaps of a couple of thousand dollars on the cr side.

In 2009, my tax returns showed over $4 million.

Money is information, like bits.

Bloomberg is an overpriced legacy software system that subsidizes a money-losing media company.

The banking industry has traditionally been characterized by physical branches, privileged access to financial data, and distinct expertise in analyzing such data.

I had some of the students in my finance class actually do some empirical work on capital structures, to see if we could find any obvious patterns in the data, but we couldn't see any.

You really need to be on top of what you own, and you've got to be on top of your record-keeping. Imagine one day if a major bank is taken down and the records are gone.

Risk models are a substitute for historical knowledge, because they tend to work with just three years' worth of data. But three years is not a long time in financial history.

You have a natural tendency to want an emotionally satisfying tale - and to make investments based on that - despite times when the actual data may be telling you something different.

You learn a lot from financial disclosure. And you should go down and take a look at that.

With customers' permission, fintech firms have increasingly turned to data aggregators to 'screen scrape' information from financial accounts. In such cases, data aggregators collect and store online banking logins and passwords provided by the bank's customers and use them to log directly into the customer's banking account.

Your credit report should be 100% accurate, so make sure everything is entirely correct. If something doesn't look right, dispute it.

When I started out as an equity analyst, we had no securitization data. We relied on company data.

I got IRS records to finance what I wanted to do.