Shkolnikov Financial Quotes

RE: GSEs like Freddie Mac & Fannie Mae: "creditors will continue to underprice the risk-taking of these financial institutions, overfund them, and fail to provide effective market discipline Facing prices that are too low, systemically important firms will take on too much risk." ~ Gary H. Stern

There is one great advantage to being an academic economist in France: here, economists are not highly respected in the academic and intellectual world or by political and financial elites. Hence they must set aside their contempt for other disciplines and their absurd claim to greater scientific legitimacy, despite the fact that they know almost nothing about anything. ~ Thomas Piketty

Ordinarily, the feds piggyback on the S.E.C. in complicated financial cases, but history proves that breath-holding on that score is a dangerous endeavor. ~ Gary Weiss

1. What are your three most important business or career goals right now? 2. What are your three most important family or relationship goals right now? 3. What are your three most important financial goals right now? 4. What are your three most important health goals right now? 5. What are your three most important personal and professional development goals right now? 6. What are your three most important social and community goals right now? 7. What are your three biggest problems or concerns in life right now? When ~ Brian Tracy

The playing field isn't level, and the people at the top often don't notice that. Perspective matters - it matters. Because a multi-millionaire can say to himself, 'I give away money to the poor, and I've never shoved a poor person in line' (if rich people ever actually stand in lines) - 'so I'm a good guy.' And therein lies the danger. The 'I'm a good guy' standard doesn't work. Sure, there are rich people who use their money for good causes that do nothing to advance their own financial interests. But when people with money use their money to get more money, they aren't evil, they're just acting rationally. And they're also acting rationally in the narrowest sense of that word when they use that money to buy favors from the government. But when they buy favors from the government, they are taking something that belongs to the rest of us. And when enough rich people or rich corporations buy enough favors, the whole economic and political system starts to tilt their way.

And if the American people allow this to go on long enough, there will come a point when the rich and powerful will be using so much of their money to buy so much influence over our government, that it will unwind the whole premise of democracy.

Instead of one person, one vote - giving each of us a say in how this country is run - we will become an oligarchy, a nation in which the powerful few make sure that the government runs in order to serve their interests. ~ Elizabeth Warren

Because of the way society sets them up, women never again experience the need to develop independence - until some crisis in later life explodes their complacency, showing them how sadly helpless and undeveloped they've allowed themselves to be. ~ Colette Dowling

According to Ommaney, prior to their departure Zinat Mahal had been squabbling loudly with Jawan Bakht after the latter had fallen in love with one of his father's harem women. He also began using the family's now scarce financial resources to bribe the guards to bring him bottles of porter: 'What an instance of the state of morals and domestic economy of Ex-Royalty,' wrote a disapproving Ommaney to Saunders. 'Mother and son at enmity, the son trying to form a connection with his father's concubine, and setting at nought the precepts of his religion, buying from, and drinking, the liquor of an infidel. ~ William Dalrymple

Old: Give me liberty or give me death. - New: Give me liberty or give me debt. ~ Orrin Woodward

To make a real independent film where the filmmaker is in charge creatively, one must sacrifice personal, financial, and physical well-being. ~ Mark Polish

If you don't have a functioning financial system the world economy won't be revived. All the major economies have their responsibility to assist at a pace which is required to clean up the balance sheet of the banking system and to ensure that credit flows are resumed. ~ Manmohan Singh

I have found that if I tend to a person's illness rather than to the
person, I am going to treat that person as if they are their illness. In doing so, I run the risk of limiting them greatly and helping them to focus in on their illness as if that is all they are. It is so important to see and help a person and not just a condition. Everyone is different, with unique twists and challenges, so the same herbs are not applied for the same 'condition.' The herbs chosen are connected to the whole personincluding their illness, their constitution, their diet, their psychology, their
history, their tastes, their lifestyle, and their joys and sorrows. I always
try to set a person up to succeed, and take their preferences, abilities, stamina, and financial resources into account when helping choose their plant medicines. ~ Robin Rose Bennett

Everything I have today is because of Africa, I was born here, went to school here, I work here and I'm achieving some level of financial comfort here ~ Tony Elumelu

My success is not measured in money. I have no financial security, I have no savings account. I measure my success by asking myself if I'm telling a story that the world needs to hear, if I am educating people. ~ Aaron Huey

A wealthy person who never had to rely on help and resources from his community is leading a privileged life that falls way outside more than a million years of human experience. Financial independence can lead to isolation, and isolation can put people at a greatly increased risk of depression and suicide. This might be a fair trade for a generally wealthier society- but a trade it is. ~ Sebastian Junger

Similar to Churchill's view that "democracy is the worst form of government except all the others that have been tried," although it is by no means a bulletproof theory, the CAPM is the best theory to explain the risk/return relationship that the greatest financial minds have been able to devise. ~ Matthew Krantz

To help other people, you've got to be able to help yourself. You go to a psychiatrist, and they're on this Prozac, Effexor, and antidepressants, you may have picked the wrong person. If you go to somebody who's broke who's selling you financial services, that might not be a good thing. You go to somebody who's fat to help you lose weight ... And a lot of people ironically do these types of things. ~ Tony Robbins

Starting in 1792 with George Washington, there were financial crises every ten to fifteen years. Panics, bank runs, credit freezes, crashes, depressions. People lost their farms, families were wiped out. This went on for more than a hundred years, until the Great Depression, when Oklahoma turned to dust. "We can do better than this." Americans said. "We don't need to go back to the boom-and-bust cycle." The Great Depression produced three regulations:
The FDIC-your bank deposits were safe.
Glass-Steagall-banks couldn't go crazy with your money.
The SEC-stock markets would be tightly controlled.
For fifty years, these rules kept America from having another financial crisis. Not one panic or meltdown or freeze. They gave Americans security and prosperity. Banking was dull. The country produced the greatest middle class the world had ever seen. ~ Elizabeth Warren

an official with the U.S. Securities and Exchange Commission learned I was writing about specialization and contacted me to make sure I knew that specialization had played a critical role in the 2008 global financial crisis. "Insurance regulators regulated insurance, bank regulators regulated banks, securities regulators regulated securities, and consumer regulators regulated consumers," the official told me. "But the provision of credit goes across all those markets. So we specialized products, we specialized regulation, and the question is, 'Who looks across those markets?' The specialized approach to regulation missed systemic issues. ~ David Epstein

There is a misconception held by many Egyptian professionals, especially engineers, that informal housing is haphazardly constructed and liable to collapse. However, such precarious housing is almost unknown in informal areas. Since informal housing is overwhelmingly owner-built without use of formal contractors, it is in the owner's own best interest to ensure that care is taken in construction. In fact, one of the main features of informal housing construction is its high structural quality, reflecting the substantial financial resources and tremendous efforts that owners devote to these buildings. It is worth noting that in the 1992 earthquake in Cairo, practically all building collapses and the resulting fatalities occurred not in informal areas, but either in dilapidated historic parts of the city or informal areas…where apartment blocks had been constructed by (sometimes) unscrupulous developers and contractors. ~ David Sims

Just as the financial crisis has created toxic assets and 'zombie' financial institutions, so has it transformed conservatism into a movement of the living dead. ~ Thomas Frank

This isn't like cancer, where we don't know the solution. Financial planning is math. We have the answers, yet it's this huge cause of stress. ~ Alexa Von Tobel

Women know the financial, social and physical costs of not having access to basic health care. ~ Martha Plimpton

Your retirement comes before your children's tuition. That's because there's no financial aid for retirement, and there's still a good deal available for college. ~ Jean Chatzky

Capitalism has become systemically risky when a single financial algorithm like the one that David X. Li created brought the entire global economic system close to collapse in 2008. ~ Said Elias Dawlabani

My background in financial services and my experience as a state representative have given me the ability to identify our country's fiscal problems and find steps to remedy them. ~ Darlene Senger

But far too often when we face the failure of a business venture, we let that failure paralyze us from trying again. The failure could stem from a lack of financial planning, a lack of resources, or the lack of the right team members. But you have to realize that failure is part of the process when you are on the road to success. The only way to get back on track is to come up with another plan. I've failed more times than I can count. But you can't let the failure freeze you in place and stop you from pursuing your dreams. ~ Steve Harvey

[Debt] It has driven thousands to drink, and the worry and anxiety it has created have literally taken the lives of many of our ablest men. It has prostrated individuals, enterprises and nations ... ~ Stephen L. Richards

Let me put it bluntly: anyone who says that money isn't important doesn't have any! Rich people understand the importance of money and the place it has in our society. On the other hand, poor people validate their financial ineptitude by using irrelevant comparisons. They'll argue, "Well, money isn't important as love." Now, is that comparison dumb or what? What's more important, your arm or your leg? Maybe they're both important. ~ T. Harv Eker

The worst financial transaction you will ever make is selling yourself short. ~ Greg Gilbert

Landowners may contribute their property as equity - always scarce for the beginning developer - but they might also supply debt, via seller financing, at terms unavailable through financial institutions. Even if they do not materially participate, landowners can tie up land while financing and approvals are obtained. In income property, key tenants might also be offered partnerships to induce them to lease space in the project, particularly if the project can be designed around the tenant's specific needs. ~ Richard B. Peiser

The welfare state is collapsing all around us. There are people that realize that we can't go on this way, but I'm not sure how many people realize how close we are to the collapse of the U.S. financial system. ~ Rush Limbaugh

Who is Antonio Weiss? He's the head of global investment banking for the financial giant Lazard. ~ Elizabeth Warren

The beauty of success, whether it's finding the girl of your dreams, the right job or financial success, is that it doesn't matter how many times you have failed, you only have to be right once. ~ Mark Cuban

So many guys try to show off to a girl by boasting of their financial assets and flashing their cash around etc, but a girl who makes her own money and is building her own empire is not impressed by such things. -Show me the integrity not the money. ~ Miya Yamanouchi

Make the financial industry pay for its mistakes. That's the idea behind the best of the Obama administration's reform proposals: If banks issue securities backed by mortgages, say, then require them to hold some of that paper so that they will bear some of the losses. ~ David Ignatius

The facts are the vice president's company that he was CEO of, that did business with sworn enemies of the United States, paid millions of dollars in fines for providing false financial information, it's under investigation for bribing foreign officials. ~ John Edwards

What are your three most important business or career goals right now? What are your three most important family or relationship goals right now? What are your three most important financial goals right now? What are your three most important health goals right now? What are your three most important personal and professional development goals right now? What are your three most important social and community goals right now? What are your three biggest problems or concerns in life right now? ~ Brian Tracy

The other financial genius, John McCain, said the fundamentals of our economy are strong, and then yesterday he wanted to fire the head of the SEC
except you can't as president fire the SEC chairman, it's a non-governmental job. Sarah Palin said today one more gaffe from McCain, and she's going to drop him from the ticket. ~ Bill Maher

It is no longer necessary to resort to the power of a state in order to inflict heavy losses on your enemy, since a few highly motivated individuals with even a minimum of financial resources are enough."Hostile Forces" have completely changed their appearance. ~ Tzvetan Todorov

,,, let go of the real source of our unhappiness: our own self-obsession. Stress, loneliness, pessimism, financial worries, and unhappy relationships all have one thing in common: they're all about "me". ~ David Michie

The financial implode is bound to be reflected in the movies that are being made, there's no question. ~ Clive Owen

Even more fundamental than housing to the global financial economy is the idea that the U.S. government is a safe asset. ~ Ezra Klein

A society of ONE!
There is nothing wrong with being Human. What is wrong is how so many take for granted the gift of our being human and never learn that we are also to be HUMANE, hence our HUMANITY. We are born Man but it takes years of education, trial and error to be TRULY HUMAN. It takes an ability to see beyond yourself, and to be able to RELINQUISH YOUR EGO And that is something that far too many neglects to consider in their chase for life, liberty and the pursuit of PRODUCTS. Things can never make us happy and the accumulation of wealth only aids in separating us from our common cause to be ONE SOCIETY. ONE RACE. ONE MANKIND. Until we are equal and able to see eye to eye with our most base concerns of housing, Food, education and financial well-being solved, we shall never have a society of ONE! ~ Levon Peter Poe

I thought about the core tools we EHMs used in my day: false economics that included distorted financial analyses, inflated projections, and rigged accounting books; secrecy, deception, threats, bribes, and extortion; false promises that we never intended to honor; and enslavement through debt and fear. These same tools are used today. Now, as then, many elements are present in each "hit," although that likely is evident only to someone willing to delve deeply into the story behind the story. Now, as then, the glue that holds all of this together is the belief that any means are justified to achieve the desired ends. A ~ John Perkins

There has to be a balance between your mental satisfaction and the financial needs of your company. ~ Alexander McQueen

Connor pockets his cell. "Lily," he says. "If I wanted to date for a last name, I'd have a girl on my arm every single day. I would never be single." He leans forward. "I promise you, that my intentions are pure. And I think it's sweet you're looking out for Rose, but she's more than capable of taking care of herself, which is one of the many reasons why I want to pursue her." "What's another reason?" I test him. He smiles. "I won't have to taxingly explain to her menu items in a real French restaurant." He knows she's fluent? "I won't have to explain financial statements or dividends. I'll be able to discuss anything and everything in the world, and she'll have an answer. ~ Krista Ritchie

Creating a complete picture of a company financial health, by looking at periodic financial statements, is like turning a hamburger into a cow ~ Don Tapscott

After joining as a youth trainee at 16 from school, in my first two or three years the club was on a financial downward spiral and there was none of the new sparkling kit and the sparkling conditions that the kids get now. ~ Colin Cooper