Financial Year Quotes & Sayings

I've had nonstop financial problems my whole adult life. It's always been a constant balance, year to year: 'Where's the time? Where's the money?' — Lorrie Moore

2009 was a tough year, but Australia rose to the challenge of the global financial crisis. It shows what can be done when we all join together and work together, governments of all persuasions state, territory and local; businesses large and small; unions and local communities right across the nation. — Kevin Rudd

THE CORRECTION, when it finally came, was not an overnight bursting of a bubble but a much more gentle letdown, a year-long leakage of value from key financial markets, a contraction too gradual to generate headlines and too predictable to seriously hurt anybody but fools and the working poor. — Jonathan Franzen

Starting with the highest-risk countries, and focusing on the route to Britain that is widely abused, student visas, we will increase the number of interviews to considerably more than 100,000, starting next financial year. From there, we will extend the interviewing programme further across all routes to Britain, wherever the evidence takes us. — Theresa May

Mrs. B's story is well-known but worth telling again. She came to the United States 77 years ago, unable to speak English and devoid of formal schooling. In 1937, she founded the Nebraska Furniture Mart with $500. Last year the store had sales of $200 million, a larger amount by far than that recorded by any other home furnishings store in the United States. Our part in all of this began ten years ago when Mrs. B sold control of the business to Berkshire Hathaway, a deal we completed without obtaining audited financial statements, checking real estate records, or getting any warranties. In short, her word was good enough for us. Naturally, I was delighted to attend Mrs. B's birthday party. After all, she's promised to attend my 100th. — Warren Buffett

Nuclear power is a permanent disaster. Producing its uranium fuel is an environmental disaster - now tucked and folded over the horizon in mostly-poor countries where miners are paid $5 a day and unprotected against radiation. Building reactors is a financial disaster, always shifted to government subsidies. Waste disposal is both an environmental and economic disaster. When the fateful time comes to decommission the Doomsday Machines, after the easy 10-year life extensions run out, this is another economic disaster. But when a reactor becomes what it really is - the most massive Dirty Bomb you or Bin Laden (radhi Allah anhu) can imagine - the nuclear disaster will be hard to yank out of the media, quicktime, and carry on like nothing ever happened. — Andrew McKillop

In 2008, when the global financial crisis struck, it was a bad year for a lot of developing countries, and it manifested itself in consumer confidence. — Adi Godrej

I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. We will always be prepared for the thousand-year flood; in fact, if it occurswe will be selling life jackets to the unprepared. — Warren Buffett

My father wasn't allowing me control and the financial freedom that I was asking for. I was 17, about to be 18 within a year, so I started asking more questions because I felt that I needed to start learning about those things. — Dominique Moceanu

If I could be God for a day, I would instantly replace July and August with two Septembers so the twelve months of the new calendar year would consist of January, February, March, April, May, June, September, September, September, October, November, December. On second thought, I'd also replace December with another September, thus deleting the Mas season and ending the year with a fourth September. The Mas season, once known as Christmas until we took Christ out of it, leaving only mas, the Spanish word for more, is my least favorable month of the year because of the greed-mandated financial, emotional and spiritual stresses that the economy-dependent celebration of Mas imposes. — Lionel Fisher

Reliable numbers about the amount of dirty money around the world are difficult to come by. But according to an estimate by the nonprofit Global Financial Integrity group, $1 trillion vanishes from the developing world's economies every year. — Sri Mulyani Indrawati

In this financial year we will be spending at least $1.5 billion on foreign aid and we cannot be sure that this money will be properly spent, as corruption and mismanagement in many of the recipient countries are legend. — Pauline Hanson

The lure in art collecting and its financial rewards, not counting for a moment its aesthetic, cultural and intellectual rewards, is like the trust in paper money: it makes no sense when you really think about it. New artistic images are so vulnerable to opinion that it wouldn't take much more than a whim for a small group of collectors to decide that a contemporary artist was not so wonderful anymore, was so last year. — Steve Martin

I simply want to celebrate the fact that right near your home, year in and year out, a community college is quietly - and with very little financial encouragement - saving lives and minds. I can't think of a more efficient, hopeful or egalitarian machine, expect perhaps the bicycle. — Kay Ryan

We ask 18-year-olds to make huge decisions about their career and financial future, when a month ago they had to ask to go to the bathroom. — Adam Kotsko

I've got eighteen-year-old twins that need to go to college, so there's still a financial issue, but I could retire tomorrow and just count ducks by the side of the lake, and that would be just fine by me. I'm not a high-energy guy. — Jonathan Banks

Imagine the big rating agencies as three competitive saloons standing side by side, with each free to set its own drinking age. Before long, nine-year-olds would be downing bourbon — Roger Lowenstein

I would tell my 14 year old self to never ever, ever put all of your money in one bank account. And love the ones who love you back. You're going to want to quit ... DON'T! Oh, and get everything in writing. — Brandi L. Bates

So this was how our assistant directors were finding their guidance? Dug up from five-year-old e-mails? Later I learned that the staff members had to print out their e-mails in order to store them in safety. Evidently, the New York office server was scrubbed periodically to free up storage space. Dawn couldn't save e-mails on her computer for long. I didn't know whether to laugh or cry. A five-year-old crumpled paper copy of an e-mail in one employee's files held crucial documentation for a federal agency? If SEC inspectors ever arrived at a financial firm for an examination and discovered that the firm had no manual on how to comply with federal securities laws, that firm would immediately be cited for deficiencies and most likely subject to enforcement action. — Norm Champ

Have the courage of your own convictions and don't be swayed by friends who boast about their financial home runs. Last year's winners are often this year's losers. — Nancy Dunnan

I talk to hundreds of companies a year and spend hour after hour in heady pow-wows with CEOs, financial analysts and my colleagues in the mutual-fund business, but I stumble onto the big winners in extracurricular situations, the same way you do. — Peter Lynch

For example, obesity costs the average person an extra $1,429 per year in increased health care costs. But since we're not required to set aside money for every burger we consume (to cover the real financial cost of the burger), the long-term costs of carrying extra weight remain invisible. — Kerry Patterson

'Bloomberg's, you know, for people who don't use the service, provides through the Internet - through specialized computers - information about the financial world. It's a very large data base. I think they have on the order of a billion dollars or more a year in revenue. — Craig Venter

depletion and climate change. For the older generation it's easy to misunderstand the word 'student' or 'graduate': to my contemporaries, at college in the 1980s, it meant somebody engaged in a liberal, academic education, often with hours of free time to dream, protest, play in a rock band or do research. Today's undergraduates have been tested every month of their lives, from kindergarten to high school. They are the measured inputs and outputs of a commercialized global higher education market worth $1.2 trillion a year - excluding the USA. Their free time is minimal: precarious part-time jobs are essential to their existence, so that they are a key part of the modern workforce. Plus they have become a vital asset for the financial system. In 2006, Citigroup alone made $220 million clear profit from its student loan book.2 — Paul Mason

In May 2012 - a year after the Arab awakening erupted - the United States made two financial commitments to the Arab world that each began with the numbers 1 and 3. The U.S. gave Egypt's military regime $1.3 billion worth of tanks and fighter jets. It also gave Lebanese public school students a $13.5 million merit-based college scholarship program, putting 117 Lebanese kids through local American-style colleges that promote tolerance, gender and social equality, and critical thinking. Having visited both countries at that time, I noted in a column that the $13.5 million in full scholarships bought the Lebanese more capacity and America more friendship and stability than the $1.3 billion in tanks and fighter jets ever would. So how about we stop being stupid? — Thomas L. Friedman

In order to pay it's got to be a pretty big winner. But if it's a big hit from a financial standpoint, then next year you've got a very tough comparison. — Bill Vaughan

Joseph Cassano of AIG Financial Products - known as "Mr. Credit-Default Swap" - led a unit that required a $99 billion bailout while simultaneously distributing $1.5 billion in year-end bonuses to his employees - including $34 million to himself. Robert Rubin of Citibank received a $10 million bonus in 2008 while serving on the board of directors of a company that required $63 billion in federal funds to keep from failing. Lower down the pay scale, more than 5,000 Wall Street traders received bonuses of $1 million or more despite working for nine of the financial firms that received the most bailout money from the US goverment. Neither — Sebastian Junger

Understand and accept the cycles of money. The setbacks you may have today or next year will not keep you from financial freedom. If you hold on to your goals and dreams, you will get there. — Suze Orman

In a year, this book should be well-worn, written in, pages dog-eared, photos and post-it notes inside. This is your personal financial journey. That is why this book is "personal use size," because you can toss this book in your bag and take it with you wherever you go. Sit with friends and discuss chapters of the book, if you need an accountability partner, get one and work on the "to do" lists together. — Jennifer Streaks

No honest hardworking official likes to see good money disappearing into the hands of the Treasury at the end of the financial year. — Joyce Cary

We did it Disneyland, in the knowledge that most of the people I talked to thought it would be a financial disaster - closed and forgotten within the first year. — Walt Disney

I come back to the same thing: We've got the greatest pipeline in the company's history in the next 12 months, and we've had the most amazing financial results possible over the last five years, and we're predicting being back at double-digit revenue growth in fiscal year '06. — Steve Ballmer

It's not just professional athletes and soldiers who are at risk from traumatic brain injury. More than 1.7 million people a year sustain a traumatic brain injury, and about 50,000 of them die each year, according the Centers for Disease Control. There are both emotional and financial costs from these injuries. — Anne Wojcicki

When I was 5, some financial things happened, and I moved seven times in a year. We moved from apartment to apartment, sometimes living with friends. My mom would always say, 'Don't get comfortable, because we may not be here long.' — LeBron James

The climate, financial and national security crises are all connected. They share the same cause: Our [the USA's] absurd dependency on foreign oil. As long as we need to spend billions of dollars each year to buy foreign oil from state-run oil companies in the Persian Gulf, our problems of a trade deficit, a budget deficit and a climate crisis will persist. — Al Gore

What we want to do is guarantee all 4-year-old children in the City of Stamford a prekindergarten experience regardless of their financial circumstances. — Dannel Malloy

Recently released government economic statistics covering 2010, the first year of real recovery from the financial collapse of 2008, found that fully 93 percent of additional income gains coming out of the recession went straight into the wallets and purses of the top 1 percent. — Eric Alterman

If you make time each month to give your money some attention, you'll start the next year in fabulous financial shape. — Suze Orman

From a purely financial perspective, the time and energy people devote to these events can often be better spent, said Leo Arnoult, president of Arnoult & Associates, a fund-raising consulting firm and a past chairman of Giving USA, which releases an annual report on charity contributions. The money that individuals contribute to these events is small compared with the money from a charity's largest donors, who typically contribute 60 to 70 percent of what an organization raises in a year, he said. — Anonymous

Vladimir Putin shot out of obscurity in 1999 by exploiting growing nostalgia for the USSR, fueled by the disappointment, uncertainty and crisis that brought Yeltsin's reform era to a shuddering halt. Once in power the following year, Putin set about building an authoritarian regime whose control would expand for more than a decade, until soaring corruption on top of another economic downturn - a much smaller one, triggered by the global financial crisis of 2008 - prompted another backlash. — Gregory Feifer

On the other hand, there are a number of cases where economic growth did not produce better governance, but where, to the contrary, it was good governance that was responsible for growth. Consider South Korea and Nigeria. In 1954, following the Korean War, South Korea's per capita GDP was lower than that of Nigeria, which was to win its independence from Britain in 1960. Over the following fifty years, Nigeria took in more than $300 billion in oil revenues, and yet its per capita income declined in the years between 1975 and 1995. In contrast, South Korea grew at rates ranging from 7 to 9 percent per year over this same period, to the point that it became the world's twelfth-largest economy by the time of the Asian financial crisis in 1997. The reason for this difference in performance is almost entirely attributable to the far superior government that presided over South Korea compared to Nigeria. — Francis Fukuyama

The world was already a miserable place in the spring of that cursed year. The New Depression was at its height. Stocks fell, jobs were lost, and consumer consumption fell in a corporate death spiral as the aging technoczars were revealed to have feet of clay. Financial institutions underreacted, the government overreacted, and a society living on borrowed time paid for with borrowed dollars failed. Hard times and hunger came to the Western world, which was all the more of a shock because the generation that survived the last financial collapse had virtually died out. — E.E. Knight

A young financial writer once brought ridicule upon himself by stating that a certain company had nothing to commend it except excellent earnings. Well, there are companies whose earnings are excellent but whose stocks I would never recommend. In selecting investments, I attach prime importance to the men behind them. I'd rather buy brains and character than earnings. Earnings can be good one year and poor the next. But if you put your money into securities run by men combining conspicuous brains and unimpeachable character, the likelihood is that the financial results will prove satisfactory. — B.C. Forbes

By teaching twenty-something year olds responsible debt management practices, we can help them create a balanced lifestyle and find peace of mind through increased financial awareness, smart saving and long-term investing. — Alexa Von Tobel

Exhibit 6.2 Cost of $1,000 in Monthly Lifetime Annuity Income, Starting at Age 65 Year Male Female 2004 $157,432 $167,818 2005 $157,255 $167,817 2006 $151,700 $161,363 2007 $151,524 $160,966 2008 $147,953 $155,843 2009 $156,500 $165,502 2010 $170,116 $178,410 2011 $174,828 $182,952 2012 $187,008 $195,216 2013 $183,728 $191,571 Average $163,804 $172,746 Source: CANNEX Financial Exchanges for non-COLA-adjusted qualified annuity income with a 10-year guarantee for California. — Moshe A. Milevsky

You win the modern financial-regulation game by filing the most motions, attending the most hearings, giving the most money to the most politicians and, above all, by keeping at it, day after day, year after fiscal year, until stealing is legal again. — Matt Taibbi

The presently existing global financial and monetary system will disintegrate during the near term. The collapse might occur this spring, or summer, or next autumn; it could come next year; it will almost certainly occur during President William Clinton's first term in office; it will occur soon. That collapse into disintegration is inevitable, because it could not be stopped now by anything but the politically improbable decision by leading governments to put the relevant financial and monetary institutions into bankruptcy reorganization. — Lyndon LaRouche

At a time when our country is waging two wars, approval ratings for Congress are at historic lows, unemployment is at a 70-year high and financial institutions have collapsed around us, I can't imagine anyone seriously opposing a National Day of Prayer. — Franklin Graham

As every entrepreneur and investor sifts through year-end data to predict the next trend or opportunity for financial success, there is a much easier way to accurately predict the future: hang out with those who are creating it. — Jay Samit

I was brought in by the White House as GM's chairman in 2009, around the time of the bankruptcy, and became CEO later that year. As a company, we were grateful for the government's support. But as GM's financial health began to improve, I could detect no real sense of urgency, or even interest, on the part of the government to relinquish control. — Edward Whitacre Jr.

According to the supermarkets, there is no such thing as 'out of season.' Berries in the middle of February? Why not? Seafood flown in from Japan? Sure. While it all adds up to appetizing and varied meals throughout the year, regardless of the weather, it comes with a price tag - both ethical and financial. — Homaro Cantu

Financial hydrogen bombs built on personal computers by 26-year-olds with MBAs. — Felix Rohatyn

The rich take life one financial year at a time. The poor take life one meal at a time. — Mokokoma Mokhonoana

ECONOMIC IMPACT - The United States buys almost three quarters of a trillion dollars ($738,000,000,000.00) more from overseas suppliers than it sells in exports (balance of trade deficit). Overall, the US buys about $ 2.5 trillion dollars in goods and services produced by the other nations of the world every year. With the United States gone as the world's economic engine, the remaining nations of the world will, in varying degrees, immediately suffer from staggering financial depression. The financial credit crisis that started in mid-September, 2008 in the United States, soon reverberated in stock markets across the world. — John Price

I am convinced that 1941 will be the crucial year of a great New Order in Europe. The world shall open up for everyone. Privileges for individuals, the tyranny of certain nations and their financial rulers shall fall. And last of all this year will help to provide the foundations of a real understanding among peoples, and with it the certainty of conciliation among nations ... Those nations who are still opposed to us will some day recognize the greater enemy within. Then they will join us in a combined front, a front against Jewish exploitation and racial degeneration. — Adolf Hitler

Quinn's First Law of Investing is never to buy anything whose price you can't follow in the newspapers. An investment without a public marketplace attracts the fabulists the way picnics attract ants. Stock brokers and financial planners can tell you anything they want, because no one really knows what's true. The First Corollary to Quinn's First Law states that, even when the price is in the newspapers, you shouldn't buy anything too complex to explain to the average 12-year-old. — Jane Bryant Quinn

Year-end financial statements ... express a truth about office life which is no less irrefutable yet also, in the end, no less irrelevant or irritating than an evolutionary biologist's proud reminder that the purpose of existence lies in the propagation of our genes. — Alain De Botton

...Laying blame for the global financial crisis on any single individual, let alone on an eighty-three year old man, seems as ethically flawed as some of the broader moral failures permeating society in the lead-up to the crisis. — Jeremy Balkin

The widely mis-interpreted 1998 'meltdown' of East Asia was a financial symptom of the renewed reality: In fact, it was the first round the world recession again to begin in East Asia and spread from there to the West, instead of vice versa. That marked the beginnings of the return back 360 degrees around the world of the world economic center to Asia where it had always been before those two eighty-year period of temporary Western ascendance. The stock market crash in Hong Kong and the devaluation of the Thai baht and the Indonesian rupia took only 80 seconds to make themselves felt in the London City and on New York's Wall Street. How much of a cultural lag do we still need for popular perception and social theory to catch up with global reality? — Andre Gunder Frank

Vacation: Two weeks on the sunny sands - and the rest of the year on the financial rocks. — Sam Ewing

The newness effect of a new thing wears off in nine months to a year, but financial security can last a lifetime. — Dan Buettner

In the two decades after I left, I waited for the end of Wall Street as I had known it. The outrageous bonuses, the endless parade of rogue traders, the scandal that sank Drexel Burnham, the scandal that destroyed John Gutfreund and finished off Salomon Brothers, the crisis following the collapse of my old boss John Meriwether's Long-Term Capital Management, the Internet bubble: Over and over again, the financial system was, in some narrow way, discredited. Yet the big Wall Street banks at the center of it just kept on growing, along with the sums of money that they doled out to twenty-six-year-olds to perform tasks of no obvious social utility. The rebellion by American youth against the money culture never happened. Why bother to overturn your parents' world when you can buy it and sell off the pieces? — Michael Lewis

Sir John Templeton, not only the world's greatest investor but also one of the greatest human beings, shared something with me almost 30 years ago: he said that he's never known anyone who tithed - meaning the person gave 8% or 10% of what he earned to religious or charitable organizations over a ten-year period - who didn't massively grow his financial wealth. — Anthony Robbins

It's a miracle to be an actor and to know that you have a job to go to a year from now is a rare thing, so I think peace of mind and financial stability come with that. Hopefully I'm a little wiser and have a little more perspective in my life than I did then. — Debra Messing

The same thing happened to me that, according to legend, happened to Parmeniscus, who in the Trophonean cave lost the ability to laugh but acquired it again on the island of Delos upon seeing a shapeless block that was said to be the image of the goddess Leto. When I was very young, I forgot in the Trophonean cave how to laugh; when I became an adult, when I opened my eyes and saw actuality, then I started to laugh and have never stopped laughing since that time. I saw that the meaning of life was to make a living, its goal to be- come a councilor, that the rich delight oflove was to acquire a well-to-do girl, that the blessedness of friendship was to help each other in financial difficulties, that wisdom was whatever the majority assumed it to be, that enthusiasm was to give a speech, that courage was to risk being fined ten dollars, that cordiality was to say "May it do you good" after a meal, that piety was to go to communion once a year. This I saw, and I laughed. — Soren Kierkegaard

If newspapers were a baseball team, they would be the Mets - without the hope for those folks at the very pinnacle of the financial food chain - who average nearly $24 million a year in income - 'next year.' — Eric Alterman

Priesthood quorums teach and assist their members to attain good health, financial stability, and a year's supply of food and clothing. They also teach their members to be self-reliant and to give their time, talents, and means in behalf of the Church, community, and needy. — Joseph B. Wirthlin

We met financial expectations for the quarter in a difficult economic environment. We also signed a two-year programming agreement with Home & Garden Television to launch two new cable television series, and launched the Martha Stewart Kids magazine These initiatives provide future revenue and earnings growth for the brand and build long-term value for shareholders. — Martha Stewart

From my point of view, the American financial system - including banks and investment banks - is far safer because of capital and liquidity requirements. Despite all the turbulence so far this year, I don't think anyone's questioning our system. And that, obviously, is a good thing. — Jamie Dimon

I got a job writing for a financial technology newsletter in Manhattan. I didn't even understand what I was writing about. The newsletter had, like, 2,000 subscribers, and it was $700 a year for a subscription. — Darin Strauss

When I was very young and in the cave of Trophonius I forgot to laugh. Then, when I got older, when I opened my eyes and saw the real world, I began to laugh and I haven't stopped since. I saw that the meaning of life was to get a livelihood, that the goal of life was to be a High Court judge, that the bright joy of love was to marry a well-off girl, that the blessing of friendship was to help each other out of a financial tight spot, that wisdom was what the majority said it was, that passion was to give a speech, that courage was to risk being fined 10 rix-dollars, that cordiality was to say 'You're welcome' after a meal, and that the fear of God was to go to communion once a year. That's what I saw. And I laughed. — Soren Kierkegaard

This shift in culture has changed us. In the first place, it has made us a bit more materialistic. College students now say they put more value on money and career success. Every year, researchers from UCLA survey a nationwide sample of college freshmen to gauge their values and what they want out of life. In 1966, 80 percent of freshmen said that they were strongly motivated to develop a meaningful philosophy of life. Today, less than half of them say that. In 1966, 42 percent said that becoming rich was an important life goal. By 1990, 74 percent agreed with that statement. Financial security, once seen as a middling value, is now tied as students' top goal. In 1966, in other words, students felt it was important to at least present themselves as philosophical and meaning-driven people. By 1990, they no longer felt the need to present themselves that way. They felt it perfectly acceptable to say they were primarily interested in money.20 We live in a more individualistic society. If — David Brooks