Cash Value Of Quotes & Sayings

A good portfolio manager knows which companies to keep and which ones to let go. Many a GP has struggled with portfolio companies that cannot meet their value-creation milestones, or raise additional follow-on rounds of capital, or generate target returns in a time span of, say, five to seven years. The faster you recognize those losses, the better it is."
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"As David Cowan says, "Just focus on your top five - the rest is distraction." The harder part of the investor's discipline is to know when to quit."
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"You have to constantly scan all of those things and be willing to adjust your own sense of what's a reasonable outcome and move the company into a position where it has the maximum chance to succeed. "
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"Time is your enemy: Portfolio companies always take twice as much capital and twice as long to exit. Early-stage companies rarely meet milestones as planned and always burn cash faster than anticipated. — Mahendra Ramsinghani

Much I marvelled at the sagacity evinced by waiters and chamber-maids in proportioning the accommodation to the guest. How could inn-servants and ship-stewardesses everywhere tell at a glance that I, for instance, was an individual of no social significance, and little burdened by cash? They did know it evidently: I saw quite well that they all, in a moment's calculation, estimated me at about the same fractional value. The fact seemed to me curious and pregnant: I would not disguise from myself what it indicated, yet managed to keep up my spirits pretty well under its pressure.
Having at last landed in a great hall, full of skylight glare, I made my way somehow to what proved to be the coffee room.It cannot be denied that on entering this room I trembled somewhat; felt uncertain, solitary, wretched; wished to Heaven I knew whether I was doing right or wrong; felt convinced that it was the last, but could not help myself. — Charlotte Bronte

The notion of mental accounts is absent in traditional economic theory, which holds that wealth in general, and money in particular, should be fungible: That is, $100 in roulette winnings, $100 in salary, and a $100 tax refund should have the same significance and value to you, since each C-note could buy the same number of downloads from iTunes or the same number of burgers at McDonald's. Likewise, $100 kept under the mattress should invoke the same feelings or sense of wealth as $100 in a bank account or $100 in U.S. Treasury securities (ignoring the fact that money in the bank, or in T-bills, is safer than cash under the bed). If money and wealth are fungible, there should be no difference in the way we spend gambling winnings or salary. — Gary Belsky

If an asset has cash flow or the likelihood of cash flow in the near term and is not purely dependment on what a future buyer might pay, then it's an investment. If an asset's value is totally dependent on the amount a future buyer might pay, then its purchase is speculation. — Seth Klarman

When managers are afraid of redemptions, they get liquid. We all saw how many managers went from leveraged long in 2007 to huge net cash in 2008, when the right thing to do in terms of value would have been to do the opposite. — Seth Klarman

Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life. The calculation of intrinsic value, though, is not so simple. As our definition suggests, intrinsic value is an estimate rather than a precise figure, and it is additionally an estimate that must be changed if interest rates move or forecasts of future cash flows are revised. — Warren Buffett

You must bring out of each word its practical cash-value, set it at work within the stream of your experience. — William James

You get in a lot of trouble when you start putting fictitious numbers on value. I think to just say, we're going to say a dollar of cash is worth $2 all of a sudden, it isn't worth $2. It's worth a dollar today. And I think once you start putting phony figures into financial statements, you get in a lot of trouble. — Howard Warren Buffett

Part of the difficulty in trying to be both an artist and a businessperson is this: You make a picture because you have seen something beyond price; then you are to turn and assign to your record of it a cash value. If the selling is not necessarily a contradiction of the truth in the picture, it is so close to being a contradiction - and the truth is always in shades of gray-that you are worn down by the threat. — Robert Adams

There is only one kind of life insurance, and that is pure protection based on a mortality table. All others are pure protection plus a cash value element that I call 'funny' banking. — Venita VanCaspel

A free society is a society in which all traditions have equal rights and equal access to the centers of power . A tradition receives these rights not because the importance the cash value, as it were) it has for outsiders but because it gives meaning to the lives of those who participate in it. — Paul Feyerabend

I always bring cash for tips, and I never give less than $20. I used to work in a smoothie shop, so I know the value of a tip. — Megan Fox

Never underestimate the value of cold cash. — Gregory Nunn

Give every man more in use value than you take from him in cash value; then you are adding to the life of the world by every business transaction — Wallace D. Wattles

Such a crises occurs only where the ever-lengthening chain of payments,
and an artificial system of settling them, has been fully
developed. Whenever there is a general and extensive disturbance
of this mechanism, no matter what its cause, money becomes
suddenly and immediately transformed from its merely ideal shape
of money of account into hard cash. Profane commodities can no
longer replace it. The use-value of commodities becomes
valueless, and their value vanishes in the presence of its own
independent form. On the eve of the crisis, the bourgeois, with
the self-sufficiency that springs from intoxicating prosperity,
declares money to be a vain imagination. Commodities alone are
money. But now the cry is everywhere that money alone is a
commodity! As the hart pants after fresh water, so pants his soul
after money, the only wealth. — Karl Marx

Imagine you're alive at the end of the Civil War. You're living in the South, but you're a Northerner. You plan to move home as soon as the war's over. While in the South you've accumulated lots of Confederate currency. Now, suppose you know for a fact the North's going to win the war, and the end is imminent. What will you do with your Confederate money? If you're smart, there's only one answer. You should immediately cash in your Confederate currency for U. S. currency - the only money that will have value once the war's over. Keep only enough Confederate currency to meet your short-term needs. Kingdom currency, backed by the eternal treasury, is the only medium of exchange recognized by the Son of God, whose government will last forever. The currency of his kingdom is our present faithful service and sacrificial use of our resources for him. The payoff in eternity will be what Paul called 'a firm foundation' consisting of treasures beyond our wildest dreams. — Randy Alcorn

You still could go to some industry or some university or the government and if you could persuade them you had something on the ball - why, then, they might put up the cash after cutting themselves in on just about all of the profits. And, naturally, they'd run the show because it was their money and all you had done was the sweating and the bleeding. — Clifford D. Simak

The value that some analysts put on revenue vs. what they put on profit is out of whack. If you can grow real cash earnings, that's 80% of what you ought to do, and the revenue component is 20%. — Louis V. Gerstner Jr.

You're talking about gold and silver, cash and securities. I'm talking about the sheer beauty of the land, the value of unpolluted parkland made wild and staying wild forever. — Jasper Fforde

It is an unfortunate fact that great and foolish excess can come into prices of common stocks in the aggregate. They are valued partly like bonds, based on roughly rational projections of use value in producing future cash. But they are also valued partly like Rembrandt paintings, purchased mostly because their prices have gone up, so far. — Charlie Munger

There is a strange idea abroad, held by all monetary cranks, that credit is something a banker gives to a man. Credit, on the contrary, is something a man already has. He has it, perhaps, because he already has marketable assets of a greater cash value than the loan for which he is asking. Or he has it because his character and past record have earned it. He brings it into the bank with him. That is why the banker makes him the loan. The banker is not giving something for nothing. — Henry Hazlitt

Some would say a whore don't have no expectation of Heaven. I'd say, if she gives value for cash, she's got a better shot at God's blessing than your average banker. Jesus loved Mary Magdalene. He kicked over tables when He met a moneylender. — Elizabeth Bear

One thing I want to emphasize is that, like any human being, we can discuss our view of the economy and the market. Fortunately for our clients, we don't tend to operate based on the view. Our investment strategy is to invest bottom up, one stock at a time, based on price compared to value. And while we may have a macro view that things aren't very good right now - which in fact we feel very strongly we will put money to work regardless of that macro view if we find bargains. So tomorrow, if we found half a dozen bargains, we would invest all our cash. — Seth Klarman

The value of a business is the cash it's going to produce in the future. — Warren Buffett

Honesty is the recognition of the fact that the unreal is unreal and can have no value, that neither love nor fame nor cash is a value if obtained by fraud - that an attempt to gain a value by deceiving the mind of others is an act of raising your victims to a position higher than reality, where you become a pawn of their blindness, a slave of their non-thinking and their evasions, while their intelligence, their rationality, their perceptiveness become the enemies you have to dread and flee - that you do not care to live as a dependent, least of all a dependent on the stupidity of others, or as a fool whose source of values is the fools he succeeds in fooling - that honesty is not a social duty, not a sacrifice for the sake of others, but the most profoundly selfish virtue man can practice: his refusal to sacrifice the reality of his own existence to the deluded consciousness of others — Ayn Rand

By the way, could we all agree on the cash value of a tooth? I remember finding a shiny quarter under my pillow for my first tooth and being excited that I could buy a candy bar. — Jim Gaffigan

Credit and property and the 8-hour day are great friends of the Establishment. If you must buy things, pay cash, and only buy things of value
no trinkets, no gimmicks. Everything you own must be able to fit inside one suitcase; then your mind might be free. And before you face the troops in the street, DECIDE and KNOW what you are going to replace them with and why. Romantic slogans won't do. Have a definite program, clearly worded, so if DO win you will have a suitable and decent form of government. — Charles Bukowski

Anyone who prefers owning part of your company to being paid in cash reveals a preference for the long term and a commitment to increasing your company's value in the future. — Peter Thiel

In setting up a business under the name and meaning of the Golden Rule, I was publicly binding myself, in my business relations, to a principle which had been a real and intimate part of my family upbringing. Our idea was to make money and build business through serving the community with fair dealing and honest value. — James Cash Penney

Anyone who prefers owning a part of your company to being paid in cash reveals a preference for the long term and a commitment to increasing your company's value in the future. Equity can't create perfect incentives, but it's the best way for a founder to keep everyone in the company broadly aligned. — Peter Thiel

Gold is a commodity; over the long run, as we look back, it has not been a good investment. You can't look at the intrinsic value of gold as you can a business. Gold doesn't give you cash flow, and, at the end of the day, cash flow is what is important. Gold doesn't give you dividends. — Michael Lee-Chin

Laissez-faire capitalism, or anarchocapitalism, is simply the economic form of the libertarian ethic. Laissez-faire capitalism encompasses the notion that men should exchange goods and services, without regulation, solely on the basis of value for value. It recognizes charity and communal enterprises as voluntary versions of this same ethic. Such a system would be straight barter, except for the widely felt need for a division of labor in which men, voluntarily, accept value tokens such as cash and credit. Economically, this system is anarchy, and proudly so. — Karl Hess

cash-poor executive, by contrast, will focus on increasing the value of the company as a whole. — Peter Thiel

There is a strange idea aboard, held by all monetary cranks, that credit is something a banker gives to a man. Credit, on the contrary, is something a man already has. He has it, perhaps, because he already has marketable assets of a greater cash value than the loan for which he is asking. Or he has it because his character and past record have earned it. He brings it into the bank with him. That is why the banker makes him the loan. — Henry Hazlitt

I buy stocks when they are battered. I am strict with my discipline. I always buy stocks with low price-earnings ratios, low price-to-book value ratios and higher-than-average yield. Academic studies have shown that a strategy of buying out-of-favor stocks with low P/E, price-to-book and price-to-cash flow ratios outperforms the market pretty consistently over long periods of time. — David Dreman

high cash compensation teaches workers to claim value from the company as it already exists instead of investing their time to create new value in the future. — Peter Thiel

We are accustomed to the idea that the truth of things may be neither pleasant nor comforting; we are less accustomed to the idea that the truth may be unfruitful. — Raymond Tallis

The number one idea is to view a stock as an ownership of the business and to judge the staying quality of the business in terms of its competitive advantage. Look for more value in terms of discounted future cash-flow than you are paying for. Move only when you have an advantage. — Charlie Munger