Businessman Quotes

Normally I would not recommend a book that tells you how to make money in the stock market. Most of these books are aimed at gullible folk, and they usually make much more money for their authors than they do for the investing public.

It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sump payment for a future cash flow.

In return, society rewards those who give it what it wants. That is why how much money people have earned is a rough measure of how much they gave society what it wanted.

In China anything less than 6% growth is a recession meaning that it also causes financial problems and it's disruptive and it's a problem.

Imagine if you had baseball cards that showed all the performance stats for your people: batting averages, home runs, errors, ERAs, win/loss records. You could see what they did well and poorly and call on the right people to play the right positions in a very transparent way.

If it didn't happen in your life before, then you're not paying attention you don't think it's possible. But almost all important events never happen in your life before.

If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.

I'm just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships.

I'm going to give away a lot more than half my money. I'd be happy to give that to the government if the government put together programs that were like I'm giving away to charity, in which I believe the money is effectively used to help people.

I worry about another leg down in the economies causing social disruption because deleveragings can be very painful - it depends on how they're managed.

I was about twenty and the Beatles were meditating and I heard about it and they had a center in New York and I came to the center and I learned about it.

I think that the first thing is you should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.

I think so many people are reactive... they see things in a short term way they're right up against it.

I pay about a third in taxes, I give away about a third, and I follow the law.

I notice a difference from the moment I meditate.

I don't get caught up in the moment.

I can be stressed, or tired, and I can go into a meditation and it all just flows off of me. I'll come out of it refreshed and centered and that's how I'll feel and it'll carry through the day.

He who lives by the crystal ball will eat shattered glass.

Demand is best measured in terms of spending. You know, I think in traditional economics, it's a mistake to measure it in terms of the quantity of goods.

Credit is a promise to deliver money. It will produce GDP but you'll create credit... So you reach a certain point that that you can't do that anymore... There are choices. And how do we best support, apportion the money? How much is going to be transferred?

Constantly probe the people who report to you, and encourage them to probe you.

Competitiveness is really what it costs you per man-hour to get you what you want. In other words, there's an education level that plays into the mix and so if it's inexpensive to buy an hour of real good education in places like China versus the U.S., that factors in.

An economy is not a complicated thing; it just has a lot of moving parts.

Almost everything is like a machine.

A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic.

I believe that the biggest problem that humanity faces is an ego sensitivity to finding out whether one is right or wrong and identifying what one's strengths and weaknesses are.

The Lord has never spoken to me, but I feel Chick-fil-A has been His gift.

As it relates to society in general, I think we are inviting God's judgment on our nation when we shake our fist at him and say, 'We know better than you as to what constitutes a marriage.'

You just want to be judged against everyone fairly.

The talent that has to be learned is finding out what someone's passion is and setting them up to realize that. You don't get the best work from people if you're guiding them versus them guiding themselves.