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Read through the most famous quotes by topic #finance
My grandfather created a fortune that allowed him to live in luxury. He also went on to build the first industrial building in an area of San Paulo that eventually became one of the largest wholesale neighborhoods in the world. When my grandfather passed away, he left millions of dollars to my family as an inheritance. That inheritance, however, would have been worthless if he had not also given us his legacy of personal responsibility and work ethic. My grandfather refused to be defined by others, therefore setting not only the value of his product, but also of himself and his family. ↗
Many small businesses would rather face an angry barbarian horde than tackle their cash flow statement or price a new product. ↗
For nearly four years you have had an Administration which instead of twirling its thumbs has rolled up its sleeves. We will keep our sleeves rolled up. We had to struggle with the old enemies of peace--business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering. They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob. ↗
The truth is that banks are the last feudal kingdoms, their rulers omnipotent, divine warlords. Their key lieutenants are 'ronin' (wandering mercenary samurai) who roam financial markets ready to ally themselves to any warlord for a share of plunder. This is not the place to apply the latest management theory. ↗
#businessman-as-warrior #finance #financial-markets #business
This is the basis for the most important critique of microfinance. The poor are not entrepreneurs. The idea that more than a few will turn tiny loans into a viable business is simply unrealistic. ↗
...when women gain control over spending, less family money is devoted to instant gratification and more for education and starting small businesses. ↗
To me, the poor are like Bonsai trees. When you plant the best seed of the tallest tree in a six-inch deep flower pot, you get a perfect replica of the tallest tree, but it is only inches tall. There is nothing wrong with the seed you planted; only the soil-base you provided was inadequate. Poor people are bonsai people. There is nothing wrong with their seeds. Only society never gave them a base to grow on. ↗
As a rabbi, I’ve spent long hours counseling people I’ve married, and in each case I like to talk with the couple about not only compatibility and love, but also their relationship with money. If you and your partner are not in the same financial mind-frame, then chances are your marriage won’t work. You can’t be an army of one when you are married. Financial problems are the number one cause of divorce. ↗