Quotes & Sayings About Balance Sheet

All a company report and balance sheet can tell you is the past and the present. They cannot tell future. — Nicolas Darvas

Education is a sacred thing, and the pledge to build a school is a commitment that cannot be surrendered or broken, regardless of how long it may take, how many obstacles must be surmounted, or how much money it will cost. It is by such promises that the balance sheet of one's life is measured. — Greg Mortenson

Some day, on the corporate balance sheet, there will be an entry which reads, "Information"; for in most cases, the information is more valuable than the hardware which processes it. — Grace Hopper

Any feeling of security is only in your head. Anything could happen at any time. As long as you are strictly someone's employee at one company, you're a liability on the balance sheet. I say that as a business owner. We cannot trust any government to provide us with what we need, nor is that its responsibility. We cannot trust most employers either. Insulate yourself with multiple incomes either from different companies or by working for yourself in addition to one main source of income. Diversify and protect yourself. - Chris Lutz, Modular Career Design — Chris Lutz

Some companies use off-balance-sheet partnerships to raise money or to buy assets without ever telling their shareholders in their financial statements. — Alex Berenson

In business a reputation for keeping absolutely to the letter and spirit of an agreement, even when it is unfavorable, is the most precious of assets, although it is not entered in the balance sheet. — Oliver Lyttelton, 1st Viscount Chandos

We were born and brought up with the maxim that 'time is money'. We know exactly what money is, but what does the word time mean? The day is made up of twenty-four hours and an infinite number of moments. We need to be aware of those moments and to make the most of them regardless of whether we're busy doing something or merely contemplating life. If we slow down, everything lasts much longer. Of course, that means that washing the dishes might last longer, as might totting up the debits and credits on a balance sheet or checking promissory notes, but why not use that time to think about pleasant things and to feel glad simply to be alive? — Paulo Coelho

I say that in jest a little bit, but Donald Trump is a blue collar guy with a balance sheet. That's the way he likes to have fun. — Donald Trump Jr.

I couldn't but surmise that the devil, looking at the cruel wars that Christianity has occasioned, the persecutions, the tortures Christian has inflicted on Christian, the unkindness, the hypocracy, the intolerance, must consider the balance sheet with complacency. And when he remembers that it has laid upon mankind the bitter burden of the sense of sin that has darkened the beauty of the starry night and cast a baleful shadow on the passing plesures of a world to be enjoyed, he must chuckle as he murmurs: give the devil his due. — W. Somerset Maugham

A work of art expresses itself as a balance sheet pitting the spoken against the unspoken. — Russell Sherman

The basic question that the 'new science' raises for our balance sheet is the issue of what scientific questions have not been asked for 500 years, which scientific risks have not been pursued. It raises the question of who has decided what scientific risks were worth taking, and what have been the consequences in terms of the power structures of the world. — Immanuel Wallerstein

Legacy accounting: Will you have been an asset or a liability on the world's balance sheet? — Ryan Lilly

On average, it takes as much as $100 million in paid media for a brand to be a household name in America. Marketing partnerships are the best form of off-balance sheet financing one can ever find. Smart startups use this technique to scale their companies and build their brand equity. — Jay Samit

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

While President Obama shirks his responsibility to advance solutions to our fiscal challenges, he can no longer hide from the merciless math of the balance sheet. Conservatives have made certain of that. — Paul Ryan

What sense did the world make? Where was God, the Bloody Fool? Did He have no notion of fair and unfair? Couldn't He read a simple balance sheet? He would have been sacked long ago if He were managing a corporation, the things he allowed to happen ... — Rohinton Mistry

You as the leader should have a Function Accountability Chart (FAC) to help CEOs and managers to see clearly the person who is accountable for each role and key positions. It should also show the metrics or key performance indicators assigned for each of the main functions of the business. Each item on the Profit & Loss, and Balance Sheet should be assigned to specific people who are accountable for these roles. Each team should know their responsibilities, accountabilities and who they are answerable — Emily Goldstein

When the planes still swoop down and aerial spray a field in order to kill a predator insect with pesticides, we are in the Dark Ages of commerce. Maybe one thousandth of this aerial insecticide actually prevents the infestation. The balance goes to the leaves, into the soil, into the water, into all forms of wildlife, into ourselves. What is good for the balance sheet is wasteful of resources and harmful to life. — Paul Hawken

The only real failure in life is giving up. On looking back let it stand to our credit in life's balance sheet that at least we tried, and tried hard. — A.G. Street

He drew from under the table a sheet of strangely scented yellow-Chinese paper, the brushes, and slab of India ink. In cleanest, severest outline he had traced the Great Wheel with its six spokes, whose centre is the conjoined Hog, Snake, and Dove (Ignorance, Anger, and Lust), and whose compartments are all the heavens and hells, and all the chances of human life. — Rudyard Kipling

The 'black armband' view of our history reflects a belief that most Australian history since 1788 has been little more than a disgraceful story of imperialism, exploitation, racism, sexism and other forms of discrimination. I take a very different view. I believe that the balance sheet of our history is one of heroic achievement and that we have achieved much more as a nation of which we can be proud of than which we should be ashamed. — John Howard

It's not equality that counts, it's reprocity that counts. Love is not like a balance sheet. There's no such thing as double-entry accounting when it comes to love. — Debra Ollivier

We have managed to acquire $13 trillion of debt on our balance sheet. In my view we have nothing to show for it. We haven't invested in our roads, our bridges, our waste-water systems, our sewer systems. We haven't even maintained the assets that our parents and grandparents built for us. — Michael Bennett

your balance sheet is an indication of how much you have served others ~ in terms of their standards, their values, their desires. Don't ever forget that happiness is relative. Your idea of what's good for someone else may not be shared in the slightest by that someone.
Understand, too, that I am not saying you ought to be considerate of others or that it is ethical to make people happy. It is a simple fact of life that if you do not make people happy, they aren't going to do business with you ~ on any basis. — Harry Browne

Three in the morning. I realize this second, then this one, then the next: I draw up the balance sheet for each minute. And why all this? Because I was born. It is a special type of sleeplessness that produces the indictment of birth. — Emil Cioran

The moment Salomon Brothers demonstrated the potential gains to be had from turning an investment bank into a public corporation and leveraging its balance sheet with exotic risks, the psychological foundations of Wall Street shifted, from trust to blind faith. No investment bank owned by its employees would have leveraged itself 35:1, or bought and held $50 billion in mezzanine CDOs. — Michael Lewis

Business is many things, the least of which is the balance sheet. It is a fluid, ever changing, living thing, sometimes building to great peaks, sometimes falling to crumbled lumps. — Harold Geneen

In financing growing companies, we always looked for human value that didn't appear on the balance sheet. — Michael Milken

We are tasked to rebuild not just a damaged economy, and a debt-ridden balance sheet, but to do so by drawing forth the best that is in our fellow citizens. If we would summon the best from Americans, we must assume the best about them. If we don't believe in Americans, who will? — Mitch Daniels

Then, when the Fed's fire hoses started spraying an elephant soup of liquidity injections in every direction and its balance sheet grew by $1.3 trillion in just thirteen weeks compared to $850 billion during its first ninety-four years, I became convinced that the Fed was flying by the seat of its pants, making it up as it went along. It was evident that its aim was to stop the hissy fit on Wall Street and that the thread of a Great Depression 2.0 was just a cover story for a panicked spree of money printing that exceeded any other episode in recorded human history. — David Stockman

I am only certain of one thing. If we are the sum total of our relationships, my balance sheet is bleeding red ink. — Cindy Cruciger

In those meetings, I learned that even economic diagrams needn't be linear. Ours was a nest of concentric circles, and an enterprise was measured by its value to each circle, from the individual and family to the community and environment. I realized that Rebecca and her colleagues were trying to do nothing less than transform the System of National Accounts, the statistical framework here and in most countries for measuring economic activity. For instance, the value of a tree depends on its estimated value or sale price, but if it is sold and cut down, there is no accounting on the debit side of the ledger for loss of oxygen, seeding of other trees, or value to the community or the environment. This group was inventing a new way of measuring profit and loss.
By the end of our days together, I understood economics in a whole new way. A balance sheet really could be about balance. — Gloria Steinem

The Federal Reserve ranks among the most transparent central banks. We publish a summary of our balance sheet every week. Our financial statements are audited annually by an outside auditor and made public. Every security we hold is listed on the website of the Federal Reserve Bank of New York. — Janet Yellen

I understood that what matters is the work: the string of words propelled by God becoming a poem, the weave of color and graphite scrawled upon the sheet that magnifies His motion. To achieve within the work a perfect balance of faith and execution. From this state of mind comes a light, life-changed. — Patti Smith

The confidence of the entire global financial system rests on the U.S. dollar. Confidence in the dollar rests on the solvency of the Fed's balance sheet. And that solvency rests on a thin sliver of . . . gold. — James Rickards

If you walk around proudly when someone greets you with respect or says, 'welcome, welcome', you will suffer a loss, right? Here, it was the other person's duty [social obligation] to welcome you, but you shouldn't fall short. So you should immediately check your balance-sheet (of karma) to find out where you sustained a loss! — Dada Bhagwan

You can have a healthy fossil-fuel balance sheet, or a relatively healthy planet — Bill McKibben

What one thing does the world need most today-apart, that is, from the all-inclusive thing we call righteousness? Aren't you inclined to agree that what this old world needs is just the art of being kind? Every time I visit a factory or any other large business concern, I find myself trying to diagnose whether the atmosphere is one of kindliness or the reverse. And somehow, if there is palpably lacking that spirit of kindness, the owners ... have fallen short of achieving 24-carat success no matter how imposing the financial balance sheet may be. — B.C. Forbes

Finnick!" Something between a shriek and a cry of joy. A lovely if somewhat bedraggled young woman
dark tangled hair, sea green eyes
runs toward us in nothing but a sheet. "Finnick!" And suddenly, it's as if there's no one in the world but these two, crashing through space to reach each other. They collide, enfold, lose their balance, and slam against a wall, where they stay. Clinging into one being. Indivisible.
A pang of jealousy hits me. Not for either Finnick or Annie but for their certainty. No one seeing them could doubt their love. — Suzanne Collins

In most cases the favorable price performance will be accompanied by a well-defined improvement in the average earnings, in the dividend, and in the balance-sheet position. Thus in the long run the market test and the ordinary business test of a successful equity commitment tend to be largely identical. — Benjamin Graham

We always look at the margin of safety in the balance sheet and then worry about the business. — Peter Cundill

Though they control scores of industrial, commercial, mining and tourist corporations, not one bears the name Rothschild. Being private partnerships, the family houses never need to, and never do, publish a single public balance sheet, or any other report of their financial condition. — Frederic Morton

American capitalists, enthralled by the doctrines of finance, have put their income statements in service of the balance sheet. — Clayton M Christensen

When Gordon Brown becomes prime minister, the balance sheet that reflects his economic stewardship could look very sickly indeed. He could become Labour's biggest liability, not its most marketable asset. — Vince Cable

In a nutshell, Gross National Happiness seeks to measure a nation's progress not by its balance sheet but rather by the happiness - or unhappiness - of its people. It's a concept that represents a profound shift from how we think about money and satisfaction and the obligation of a government to its people. — Eric Weiner

Most people do not erode their self-esteem over big issues but over small ones, little acts of betrayal and hypocrisy forgotten (repressed) very quickly. But the computer in your subconscious mind forgets nothing. It records your spiritual profit and loss. The balance sheet reflects your present level of self-esteem
and sends you the information via your emotions. — Nathaniel Branden

I know what is wrong. You havn't decided what you want.' She'd underlined this many times. 'Terribly important to draw up a balance sheet every now and then, debits and credits. Decide what's important, what's worth fighting for. Don't drift, ever. Decide then act. If you fail well at least you tried. Don't know what you want so can't advise you how to get it. — Lynne Reid Banks

From the Balance sheet of humanity, to the Profit & Loss account of emotions, I am all in good books. I am a Chartered Accountant. — Vikrmn

Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting. — James Rickards

Our balance sheet provides us with the ability to act on investment opportunities in appropriate areas that diversify and broaden our portfolio, including the gas and energy sector. — Kerry Stokes

If you look at the balance sheet, the US is heavily in debt. If you look at the income account - the amount of interest the US pays abroad - it is almost exactly equal to the amount of interest that it receives from abroad. American assets held abroad are earning a higher rate of return than foreign assets held here. — Milton Friedman

With a private company, you've got to get into who's investing and what's the balance sheet like. So going public is a positive thing from the perspective of the sales organization. — David Duffield

The Federal Reserve Act requires the Federal Reserve to report annually on its operations and to publish its balance sheet weekly. — Ben Bernanke

True market fundamentalists in the economics profession are few and far between. Not only are they absent from the center of the profession; they are rare at the "right-wing" extreme. Milton Friedman, a legendary libertarian, makes numerous exceptions, on everything from money to welfare to antitrust: Our principles offer no hard and fast line how far it is appropriate to use government to accomplish jointly what is difficult or impossible for us to accomplish separately through strictly voluntary exchange. In any particular case of proposed intervention, we must make up a balance sheet, listing separately the advantages and disadvantages. — Bryan Caplan

No one would look just at a firm's revenues to assess how well it was doing. Far more relevant is the balance sheet, which shows assets and liability. That is also true for a country. — Joseph Stiglitz

If your position or job is on the liability side of the balance sheet, you can be looked at as a risk rather than an asset to your employer. Another reason to be an entrepreneur. - Chris Lutz, Modular Career Design — Chris Lutz

This is our 40th year in business. We don't have a single penny from outside investors, and we never borrowed heavily from the banks. We have a healthy balance sheet and more credit than we can use. — Andrew Cherng

Let me give you the balance sheet of this war: fifty great men to go down in the annals of history; millions of dead who won't be mentioned any more; and one thousand millionaires who lay down the law. A soldier's life is worth about fifty francs in the wallet of some fat industrialist in London, Paris, Berlin, New York, Vienna or anywhere else. Are you getting the picture?' 'So — Gabriel Chevallier

In both the U.S. and Europe, the budget and balance sheet numbers do not work. When 'off-balance sheet' promises are taken into account, the U.S. and most countries of the Euro zone are insolvent. — Paul Singer

(We cut back on expenses today to yield a better balance sheet next year. We avoid ice cream today for a better body next year.) — Chip Heath

A bankruptcy judge can fix your balance sheet, but he cannot fix your company. — Gordon Bethune

The prestige of the Nobel Prize is due to many causes, but in particular to its twofold idealistic and international character: idealistic in that it has been designed for works of lofty inspiration; international in that it is awarded after the production of different countries has been minutely studied and the intellectual balance sheet of the whole world has been drawn up. Free from all other considerations and ignoring any but intellectual values, the judges have deliberately taken their place in what the philosophers have called a community of the mind. — Henri Bergson

May your P&L account of deeds for humanity be in profits; for you have to present the your Balance Sheet on the Judgment Day. — Vikrmn

We need a new British business bank with a clean balance sheet and an ability to expand lending rapidly to the manufacturers, exporters and high-growth companies that power our economy. Today I can announce we will have one. — Vince Cable

From a broader money view perspective, however, September 2008 was the moment when the Fed moved from lender of last resort to dealer of last resort, in effect taking the collapsing wholesale money market onto its own balance sheet. But in the heat of the moment, no one noticed. — Perry G. Mehrling

What was one more debit of mortification when my balance sheet was already in the red — Penny Reid

The two most important things in any company do not appear in its balance sheet: its reputation and its people. — Henry Ford

We rarely use much debt and, when we do, we attempt to structure it on a long-term fixed rate basis. We will reject interesting opportunities rather than over-leverage our balance sheet. This conservatism has penalized our results but it is the only behavior that leaves us comfortable, considering our fiduciary obligations to policyholders, depositors, lenders and the many equity holders who have committed unusually large portions of their net worth to our care. — Warren Buffett

Freddie Mac and Fannie Mae, although they're not officially debt of the federal government, they are off-balance-sheet debt. — John Thune

A company is an organic, living, breathing thing, not just an income sheet and balance sheet. You have to lead it with that in mind. — Carly Fiorina

To minimize market uncertainty and achieve the maximum effect of its policies, the Federal Reserve is committed to providing the public as much information as possible about the uses of its balance sheet, plans regarding future uses of its balance sheet, and the criteria on which the relevant decisions are based. — Ben Bernanke

We will reject interesting opportunities rather than over-leverage our balance sheet. — Warren Buffett

Nothing, in truth, can ever replace a lost companion. Old comrades cannot be manufactured. There is nothing that can equal the treasure of so many shared memories, so many bad times endured together, so many quarrels, reconciliations, heartfelt impulses. Friendships like that cannot be reconstructed. If you plant an oak, you will hope in vain to sit soon under its shade.
For such is life. We grow rich as we plant through the early years, but then come the years when time undoes our work and cuts down our trees. One by one our comrades deprive us of their shade, and within our mourning we always feel now the secret grief of growing old.
If I search among my memories for those whose taste is lasting, if I write the balance sheet of the moments that truly counted, I surely find those that no fortune could have bought me. You cannot buy the friendship of a companion bound to you forever by ordeals endured together. — Antoine De Saint-Exupery

The activists play the balance sheet by selling a division to buy back stock and leveraging the balance sheet and buying back more stock. — Nelson Peltz

She had not made a lot of money, but she had not made a loss, and she had been happy and entertained. That counted for infinitely more than a vigorously healthy balance sheet. In fact, she thought, annual accounts should include an item specifically headed Happiness, alongside expenses and receipts and the like. — Alexander McCall Smith

Long term debt and bank debt (including off-balance sheet financing must be judiciously employed. There must be room to expand the debt position if required. — Peter Cundill

With the world changing fast, we needed capital for investments. There's only so much bandwidth in your own balance sheet. — Patrick Whitesell

What outsourcing causes - what it's caused by, rather. I understand, for instance, how to read a balance sheet. I happen to believe that having been in the private sector for twenty-five years gives me a perspective on how jobs are created - that someone who's never spent a day in the private sector, like President Obama, simply doesn't understand. — Mitt Romney

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

For business owners, there are many important documents to learn to read. One of the most important is the profit and loss statement, known as the P&L, and the balance sheet. — Darren L Johnson

Most people think of the economy as producing goods and services and paying labor to buy what it produces. But a growing part of the economy in every country has been the Finance, Insurance and Real Estate (FIRE) sector, which comprises the rent and interest paid to the economy's balance sheet of assets by debtors and rent payers. — Michael Hudson

One of the problems with hedge funds is that they are changing so rapidly. If you have the balance sheet that closed business last night, by 11 A.M. this morning, that won't tell you very much about what they're doing. — Alan Greenspan

If cuts have to be made, the question then becomes which expenditure adds the least value? This is possibly what drives companies to reduce their advertising expenditure - simply because they do not understand its full value and especially as it is usually the single biggest investment on the balance sheet. — Paul Dyson

it is better to understand the balance-sheet of one's own life than of the corn trade. — Seneca.

Robert had little patience with these introspective bouts of mine. He never seemed to question his artistic drives, and by his example, I understood that what matters is the work: the string of words propelled by God becoming a poem, the weave of color and graphite scrawled upon the sheet that magnifies His motion. To achieve within the work a perfect balance of faith and execution. From this state of mind comes a light, life-charged. — Patti Smith

Goldman Sachs itself - and so Goldman was in the position of selling bonds to its customers created by its own traders, so they might bet against them. Secondly, there was a crude, messy, slow, but acceptable substitute for Mike Burry's credit default swaps: the actual cash bonds. According to a former Goldman derivatives trader, Goldman would buy the triple-A tranche of some CDO, pair it off with the credit default swaps AIG sold Goldman that insured the tranche (at a cost well below the yield on the tranche), declare the entire package risk-free, and hold it off its balance sheet. Of course, the whole thing wasn't risk-free: If AIG went bust, the insurance was worthless, and Goldman could lose everything. Today Goldman Sachs is, to put it mildly, unhelpful when asked to explain exactly what it did, and this lack of transparency extends to its own shareholders. If a team of forensic accountants went over Goldman's books, they'd be shocked at just how good Goldman is at hiding things, — Michael Lewis

I was always taught that book keeping was more relevant than book reading. The only thing worth reading was meant to be a balance sheet. — Ashwin Sanghi

It's easier to teach a poet how to read a balance sheet than it is to teach an accountant how to write. — Henry R. Luce

Though it is very easy to do valuations, eyeballs and brand prominence surveys, you should never allow any of them to influence the balance sheet. — Ashwin Sanghi

The least dignified thing that can happen to a man is to be murdered. If he dies in his sleep he gets a respectful obituary and perhaps a smiling portrait; it is how we all want to be remembered. But murder is the great exposer: here is the victim in his torn underwear, face down on the floor, unpaid bills on his dresser, a meager shopping list, some loose change, and worst of all the fact that he is alone. Investigation reveals what he did that day - it all matters - his habits are examined, his behavior scrutinized, his trunks rifled, and a balance sheet is drawn up at the hospital giving the contents of his stomach. Dying, the last private act we perform, is made public: the murder victim has no secrets. — Paul Theroux

...the balance sheet of her life, an endless list of credits and debits, of accomplishments and failures, small acts of kindness and real acts of cruelty. And the tears finally come as she looks away, unable to see this thing to the very end, for she knows without looking of the terrible imbalance, how long ago the credits stopped while the debits of vanity and selfishness run on and on. — Richard C. Morais

Her lips are slightly parted: she, whose lips are usually pressed together with the daily disapprovals of the accountants' office where she has worked continually, except for the months of illness, since she was 18, that is to say, for 16 years and some months. Her lips, when she does not speak or eat, are normally pressed together like the ruled line of a balance sheet, marked straight with her old-fashioned lipstick, a final and judjing mouth, a precision instrument. — Muriel Spark