Fiduciaries Quotes & Sayings

THE BUTCHER AND THE DIETITIAN A good friend of mine recently forwarded me a YouTube video entitled The Butcher vs. the Dietitian, a two-minute cartoon that effectively and succinctly highlighted the major difference between a broker and a legal fiduciary. The video made the glaringly obvious point that when you walk into a butcher shop, you are always encouraged to buy meat. Ask a butcher what's for dinner, and the answer is always "Meat!" But a dietitian, on the other hand, will advise you to eat what's best for your health. She has no interest in selling you meat if fish is better for you. Brokers are butchers, while fiduciaries are dietitians. They have no "dog in the race" to sell you a specific product or fund. This simple distinction gives you a position of power! Insiders know the difference. — Anthony Robbins

Intellectuals love Jefferson and hate markets, and intellectuals write most of the books. Intellectuals often think that they should, for the benefit of mankind, act as fiduciaries for the clods who don't have to be intellectuals, and I suspect that has to do with [why historians love Jefferson and not Hamilton, even though Hamilton's vision of America's commercial future was vastly more accurate than Jefferson's]. — John Steele Gordon

Books! Cleverness! There are more important things--friendship, bravery. — J.K. Rowling

I love the stage, it's my first love - but, it's gone. You do your performance, then it's a memory. It only lives in the moment. — Ruthie Henshall

Well sue me for staring. I'd be willing to scrub away my shame on his washboard abs. — Tia Giacalone

The financial markets are not to be trusted. They expect to be given free reign to make huge profits while the sun is shining, but hasten to the shelter of the state when the skies darken. — Peter Stalker

Humanity has always been disturbingly happy to sacrifice its future on the alter of right now. — Mira Grant

The role of private equity as fiduciaries is certainly to make money. — Thomas G. Stemberg

Many LBOs are man-made disasters. When the price paid is excessive, the equity portion of an LBO is really an out-of-the-money call option. Many fiduciaries placed large amounts of the capital under their stewardship into such options in 2006 and 2007. — Seth Klarman