There's such a preoccupation with liquidity and such an unwillingness to invest beyond the horizon of the next quarter and making sure that the CEOs hit their quarterly earnings.
Our liquidity is fine. As a matter of fact, it's better than fine. It's strong.
Selling the family silver.
Describing privatization and the selling of profitable state owned enterprises: Earl of Stockton
You would expect to see that first in high-yield [debt], but it was in the most liquid thing in the world. So that, I think - it's a little bit of a warning that we've got to be prepared and just be careful.
Money comes and goes. I may make a million dollars, then get a divorce and damn near lose all of it.
Accumulated wealth is saved by spending just as incoming fresh water is saved by letting out stagnant water.
In times of crisis, cash is king.
I believe investors should invest for the long run, so I don't buy and sell. I usually maintain the classic index of global equities, diversified U.S. and global and emerging markets, and when the risk is larger, I diminish the amount in global equities and put more into liquid assets - but very irregularly.
One journalist estimated my liquid net worth at $25 million. That's pretty close. My houses are worth another $7 million.
You're talking serious money already in the bank, and millions of dollars coming in every year.
There are two things that you need to save for. First, you need an emergency cushion of no fewer than six months of living expenses. This needs to be cash in a liquid account where you can get at it in - yes - an emergency if you need it. In other words, money markets, not CDs. You also need to save for your future: that means retirement.
It's a mistake to think things are as bad everywhere, because in Japan and China there is more cash than in the States. They are full of liquid assets. The big problem is that all the world wants to copy the American system.
Never underestimate the value of cold cash.
If any man, out of an humour, should turn all his Estate into Money, and keep it dead, he would soon be sensible of Poverty growing upon him, whilst he is eating out of the quick stock.