Joint Stock Company Quotes

The national debt has given rise to joint stock companies, to dealings in negotiable effects of all kinds, and to agiotage , in a word to stock-exchange gambling and the modern bankocracy . ~ Karl Marx

It is quite possible that future generations will look upon arguments about the inferiority of the socialist plan as we look upon Adam Smith's argument about joint stock companies which, also, were simply false. ~ Joseph A. Schumpeter

Recollections of the past and visions of the present come to bear me company; the meanest man to whom I have ever given alms appears, to add his mite of peace and comfort to my stock; and whenever the fire within me shall grow cold, to light my path upon this earth no more, I pray that it may be at such an hour as this, and when I love the world as well as I do now. ~ Charles Dickens

John W. Snow was paid more than $50 million in salary, bonus and stock in his nearly 12 years as chairman of the CSX Corporation, the railroad company. During that period, the company's profits fell, and its stock rose a bit more than half as much as that of the average big company. ~ Alex Berenson

Well if you've got information about a company, or you believe that a company is undervalued, you can go out and buy their stock and you can make some profit on it. ~ Robert F. Engle

I always say that in investing you want to buy stock in a company that has a business that's so good that an idiot can run it, because sooner or later one will. We have a country like that. ~ Warren Buffett

I don't like stock buybacks. I think if a company has the money to buy their stock back, then they should take that and increase the dividends. Send it back to the stockholder. Let them invest their money again from the dividends. ~ T. Boone Pickens

Besides, those whose suffering is due to love are, as we say of certain invalids, their own physicians. As consolation can come to them only from the person who is the cause of their grief, and as their grief is an emanation from that person, it is there, in their grief itself, that they must in the end find a remedy: which it will disclose to them at a given moment, for as long as they turn it over in their minds this grief will continue to show them fresh aspects of the loved, the regretted creature, at one moment so intensely hateful that one has no longer the slightest desire to see her, since before finding enjoyment in her company one would have first to make her suffer, at another so pleasant that the pleasantness in which one has invested her one adds to her own stock of good qualities and finds in it a fresh reason for hope. ~ Marcel Proust

I am now going to state three facts, which will startle a large class of readers on this side of the Atlantic, very much. Firstly, there is a joint-stock piano in a great many of the boarding-houses. Secondly, nearly all these young ladies subscribe to circulating libraries. Thirdly, they have got up among themselves a periodical called The Lowell Offering, 'A repository of original articles, written exclusively by females actively employed in the mills,' - which is duly printed, published, and sold; and whereof I brought away from Lowell four hundred good solid pages, which I have read from beginning to end. The large class of readers, startled by these facts, will exclaim, with one voice, 'How very preposterous!' On my deferentially inquiring why, they will answer, 'These things are above their station.' In reply to that objection, I would beg to ask what their station is. ~ Charles Dickens

Most people, most great people even are ammunition. But what you need in your company are barrels. You can only shoot through the number of unique barrels you have, so that's how the velocity of your company improves ... is by adding barrels, and then you stock them with ammunition and then you can do a lot. ~ Keith Rabois

We preach free enterprise capitalism. We believe in it, we give our lives in war for it, but the closest most of us come to profiting from it are a few miserable shares of stock in a company that doesn't pay large enough dividends to keep a small mouse in cheese. The truth is, most of us are job serfs. At a time when invested capital returns 20 to 30 percent, we have no capital. We only have our wages and salaries, and a debt so high that something like 20c on every dollar we earn is spent to pay off what we owe. ~ Nicholas Von Hoffman

Companies that get confused, that think their goal is revenue or stock price or something. You have to focus on the things that lead to those. ~ Tim Cook

People look at me in many ways. They've said, 'The guy has no regard for money.' That is not true. I have had regard for money. It depends on who's saying that. Some people worship money as something you've got to have piled up in a big pile somewhere. I've only thought about money in one way, and that is to do something with it. I don't think there's a thing I own that I will ever get the benefit of except through doing things with it. I don't even want the dividends from the stock in the studio, because the government's going to take it away. I'd rather have that in (the company) working ... ~ Walt Disney

A conservative is not merely an obstructionist who wishes to resist the introduction of novelties; nor is he, as was assumed by most 19th-century parliamentarians, a brake to frivolous experiment. He has positive work to do ... Civilization has no force of its own beyond what is given from within. It is under constant assault and it takes most of the energies of civilized man to keep going at all ... If [it] falls we shall see not merely the dissolution of a few joint-stock corporations, but of the spiritual and material achievements of our history. ~ Evelyn Waugh

If I own stock in your company and you move offshore for tax reasons I'm selling your stock. There are enough investment choices here ~ Mark Cuban

The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock. ~ Warren Buffett

Tech executives have historically been owners of significant portions of their companies' stock so there is a propensity for them to diversify as a rule. ~ David Coleman

Tech stocks were the cubic zirconium of the market. They looked good and were sexy, but they just were a way for the company selling them to make money. That's always going to be transient in terms of the stock market. What's real is that companies have to compete. Technology used well is a great tool to enable that if only because most companies dont use technologies well. ~ Mark Cuban

Failure was a luxury we couldn't afford, all chained together as we were, our fates locked up tight. One box office flop from a female director and no one wanted "girl" movies, one stock market plunge from a company with a woman CEO and women couldn't lead, one false accusation and we were liars, all of us. Because when we failed it was because of our chromosomes, it wasn't because of a market dip or an ineffective advertising campaign or plain bad luck. ~ Chandler Baker

Financing is an art form. One of the challenges is how to correctly finance a company. In certain periods of time, more covenants need to be put into deals. You have to be sure the company has the right covenant -- to allow it the freedom to grow, but also to insure the integrity of the credit. Sometimes a company should issue convertible bonds instead of straight bonds. Sometimes it should issue preferred stock. Each company and each financing is different, and the process can't be imitative. ~ Michael Milken

We find that firms with award-winning CEOs subsequently underperform, in terms both of stock and of operating performance. At the same time, CEO compensation increases, CEOs spend more time on activities outside the company such as writing books and sitting on outside boards, and they are more likely to engage in earnings management. ~ Daniel Kahneman

It seems that Good Time Charley always keeps a stock of rock candy and rye whisky on hand for touches of the grippe, and he gives me a few doses immediately, and in fact Charley takes a few doses with me, as he says there is no telling but what I am scattering germs of my touch of the grippe all around the joint, and he must safe-guard his health. ~ Damon Runyon

Giving tax incentives for more labor ownership of company stock will do more to create jobs and increase productivity than all the "emergency full employment" bills proposed. ~ Jack Kemp

Here is an all-too-brief summary of Buffett's approach: He looks for what he calls "franchise" companies with strong consumer brands, easily understandable businesses, robust financial health, and near-monopolies in their markets, like H & R Block, Gillette, and the Washington Post Co. Buffett likes to snap up a stock when a scandal, big loss, or other bad news passes over it like a storm cloud - as when he bought Coca-Cola soon after its disastrous rollout of "New Coke" and the market crash of 1987. He also wants to see managers who set and meet realistic goals; build their businesses from within rather than through acquisition; allocate capital wisely; and do not pay themselves hundred-million-dollar jackpots of stock options. Buffett insists on steady and sustainable growth in earnings, so the company will be worth more in the future than it is today. ~ Benjamin Graham

Investors must keep in mind that there's a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it. ~ Richard Thaler

Utilities used deregulation to effect a series of mergers limiting competition. In order to accelerate profits, cost cutting ensued, involving the layoff of thousands of utility company employees, including some who were responsible for maintenance of generation, transmission, and distribution systems. A number of investor-owned utilities stopped investing in the maintenance and repair of their own equipment, and, instead, cut costs to enhance the value of their stock rather than spending money to enhance the value of their service. ~ Dennis Kucinich

Buy into a company because you want to own it, not because you want the stock to go up. ~ Warren Buffett

If a lot of people feel like this company is undervalued and go out and buy the stock, the stock price will go up reflecting the higher value of this company. You might have information because you trade with them or because you've done some research on them. ~ Robert F. Engle

Advertising is the best insurance that you can take out on your business. You can buy fire insurance on your stock of goods, but no company will issue a policy covering your business, the good will as they sometimes call it. You must insure yourself, and the best way to do it is by advertising. Good advertising kept up for a number of years gives you something that no fire can take away. ~ Frank Farrington

The more confidence I have in each one of my stock picks, the fewer companies I need to own in my portfolio to feel comfortable. ~ Joel Greenblatt

I used to watch movies - silent movies - and stock companies and theater whenever I could. ~ E. G. Marshall

The most-studied evidence, by the greatest number of economists, concerns what is called short-term dependence. This refers to the way price levels or price changes at one moment can influence those shortly afterwards-an hour, a day, or a few years, depending on what you consider "short." A "momentum" effect is at work, some economists theorize: Once a stock price starts climbing, the odds are slightly in favor of it continuing to climb for a while longer. For instance, in 1991 Campbell Harvey of Duke- he of the CFO study mentioned earlier-studied stock exchanges in sixteen of the world's largest economies. He found that if an index fell in one month, it had slightly greater odds of falling again in the next moth, or, if it had risen, greater odds of continuing to rise. Indeed, the data show, the sharper the move in the first, the more likely is is that the price trend will continue into the next month, although at a slower rate. Several other studies have found similar short-term trending in stock prices. When major news about a company hits the wires, the stock will react promptly-but it may keep on moving for the next few days as the news spreads, analysts study it, and more investors start to act upon it. ~ Benoit B Mandelbrot

Although there are good and bad companies, there is no such thing as a good stock; there are only good stock prices, which come and go. ~ Benjamin Graham

He told you that the company he worked for had offered him a few thousand more than the average salary plus stock options because they were desperately trying to look diverse. ~ Chimamanda Ngozi Adichie

The stock market has an insidious effect on C.E.O.s' moods, because of its impact not just on their companies but on their own bank accounts. ~ James Surowiecki

Men may seem detestable as joint stock-companies and nations; knaves, fools, and murderers there may be; men may have mean and meagre faces; but man, in the ideal, is so noble and so sparkling, such a grand and glowing creature, that over any ignominious blemish in him all his fellows should run to throw their costliest robes. ~ Herman Melville

And back in the spring of 1720, Sir Isaac Newton owned shares in the South Sea Company, the hottest stock in England. Sensing that the market was getting out of hand, the great physicist muttered that he "could calculate the motions of the heavenly bodies, but not the madness of the people." Newton dumped his South Sea shares, pocketing a 100% profit totaling £7,000. But just months later, swept up in the wild enthusiasm of the market, Newton jumped back in at a much higher price - and lost £20,000 (or more than $3 million in today's money). For the rest of his life, he forbade anyone to speak the words "South Sea" in his presence. 4 ~ Benjamin Graham

Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised. ~ Warren Buffett

Unlike return, however, risk is no more quantifiable at the end of an investment that it was at its beginning. Risk simply cannot be described by a single number. Intuitively we understand that risk varies from investment to investment: a government bond is not as risky as the stock of a high-technology company. But investments do not provide information about their risks the way food packages provide nutritional data. ~ Seth Klarman

Unfortunately, our stock is somehow not well understood by the markets. The market compares us with generic companies. We need to look at Biocon as a bellwether stock. A stock that is differentiated, a stock that is focused on R&D, and a very, very strong balance sheet with huge value drivers at the end of it. ~ Kiran Mazumdar-Shaw

When I became CEO of Xerox 10 years ago, the company's situation was dire. Debt was mounting, the stock sinking and bankers were calling. People urged me to declare bankruptcy, but I felt personally responsible for tens of thousands of employees. ~ Anne M. Mulcahy

I made a mental note to buy stock in the Iraqi padlock company. ~ Jack Coughlin

Joint-stock companies are yet in their infancy, and incorporated capital, instead of being a thing which can be overturned, is a thing which is becoming more and more indispensable. ~ William Graham Sumner

Approaches to determining stock values vary, but fundamentally, each company judging itself undervalued is saying that its future stream of earnings justifies a higher price than the stock market is willing to accord it. ~ Carol Loomis

John Law's life and his Mississippi Scheme had followed an identical arc of trajectory. Law had been both the maker and breaker of the Mississippi Scheme just as the Mississippi Scheme had been both the maker and breaker of Law. ~ Gavin John Adams