Investment Management Quotes & Sayings

Time Progression: Wasting Spending Managing Investing — Elizabeth Grace Saunders

A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business — Charlie Munger

There is just no way any management with any intelligence and foresight cannot recognize the value of a corporate image. It is the best, single marketable investment that a company can make. — Malcolm Forbes

Many of the Abbott disciplines trace back to 1968, when it hired a remarkable financial officer named Bernard H. Semler. Semler did not see his job as a traditional financial controller or accountant. Rather, he set out to invent mechanisms that would drive cultural change. He created a whole new framework of accounting that he called Responsibility Accounting, wherein every item of cost, income, and investment would be clearly identified with a single individual responsible for that item.4 The idea, radical for the 1960s, was to create a system wherein every Abbott manager in every type of job was responsible for his or her return on investment, with the same rigor that an investor holds an entrepreneur responsible. There would be no hiding behind traditional accounting allocations, no slopping funds about to cover up ineffective management, no opportunities for finger-pointing. — James C. Collins

Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of risk management. There was a failure to recognize how much risk there was in some of these securities that people bought. — Robert F. Engle

In my opinion, the entire field of investment management, involving hundreds of billions of dollars, would be more satisfactorily conducted if everyone had a good yardstick for measurement of ability and sensibly applied it. — Warren Buffett

Legg Mason's structure is misunderstood by the market. Legg Mason has an affiliate model. They own 100% of their affiliates, which are investment managers such as Permal, Western Asset Management, and Royce. — Nelson Peltz

In investment management today, everybody wants not only to win, but to have a yearly outcome path that never diverges very much from a standard path except on the upside. Well, that is a very artificial, crazy construct. That's the equivalent in investment management to the custom of binding the feet of Chinese women — Charlie Munger

'Crowd folly', the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior - like investment management practices of many foundations represented here today. It is sad that today each institutional investor apparently fears most of all that its investment practices will be different from practices of the rest of the crowd. — Charlie Munger

People who violate your boundaries are thieves. They steal time that doesn't belong to them. — Elizabeth Grace Saunders

Thanks to the competence, love of God, our country's security and stability, endowed wealth, integrated infrastructure and quality services, the U.A.E. turned into the world's renowned destination for tourism, investment and business management: the interface of choice for hosting major cultural events, artistic and sports, in the world. — Khalifa Bin Zayed Al Nahyan

A good list of questions to ask your advisor will include the following: Where will my money be held? Right answer: Somewhere else! Are you a broker? Right answer: No! Are you a dually registered advisor? Right answer: No! Do you or any affiliate have proprietary investments of any kind? Right answer: No! How are you compensated? Right answer: Total disclosure in writing and never make commissions on any investment product. What are the credentials of you and/or your team? Right answer: If planning is involved, a CFP is ideal to have on the team. What is your planning and investment management approach? Right answer: The firm should follow a coherent philosophy rather than a bunch of different strategies (unprincipled) and should follow an approach that does not involve market timing or active trading. — Peter Mallouk

most important distinction in the investment world does not separate individuals and institutions; the most important distinction divides those investors with the ability to make high quality active management decisions from those investors without active management expertise. Few institutions and even fewer individuals exhibit the ability and commit the resources to produce risk-adjusted excess returns. — David F. Swensen

The most treasured asset in investment management is a steady hand at the tiller. — Robert D. Arnott

It is a certainty that Keegan would not have agreed to return unless Mike Ashley had committed to sanctioning a mammoth spending spree. The downside, which Keegan will soon discover, is the law of diminishing returns in a league that is now the richest in the world. The type of multi-million-pound investment that bankrolled the first Newcastle revival under Keegan is now two-a-penny. Buying success just isn't as easy as it used to be. The Premiership's paradox is that the more money there is, the more the art of management gains in value. — Pete Gill

Time is priceless gift. — Lailah Gifty Akita

There's more honor in investment management than in investment banking. — Charlie Munger

I was an ambassador for Betway during the Rugby World Cup and at the moment I'm working as an ambassador for Artemis Investment Management. I also organised the first Rugby Aid in 2015. We had celebrities playing rugby against former England team players and raised a ton of money for Rugby For Heroes [a charity for former servicemen and women]. Only one celeb got crunched quite badly - Jaime Laing from Made in Chelsea ended up with cracked ribs. — Mike Tindall

Time is the ultimate democracy. Rich and poor, young and old, male and female: all have 24 hours in a day and 7 days in a week. — Elizabeth Grace Saunders

Some only learn the value of time when it's too late! — Stephen Richards

Let no body lie you that there is a future other than a moment you are able to walk and talk. — Auliq Ice

Money is always eager and ready to work for anyone who is ready to employ it. — Idowu Koyenikan

Product investment, quality management, and all the things that are key for a car company - great, there has been no compromise in those aspects. But I feel there's a lot we could do on communication, particularly from a Chinese perspective. — Li Shufu

Our industry expertise (at KKR) enables the firm not only to make better investment choices but also to win the confidence of senior management and sellers, which has enabled us to purchase many companies on an exclusive basis. — Henry Kravis

The Houston Contractors Association is proud to endorse Council Member Oliver Pennington for re-election to Houston City Council. Council Member Pennington understands that infrastructure investment is crucial to protect the long-term economic vitality of our community. We strongly support his efforts on behalf of small businesses and the construction industry while demonstrating his commitment to sound management of the city's budget. — Jeffrey Nielsen

Bill Miller, the chief investment officer at Legg Mason Capital Management and a major Amazon shareholder, asked Bezos at the time about the profitability prospects for AWS. Bezos predicted they would be good over the long term but said that he didn't want to repeat "Steve Jobs's mistake" of pricing the iPhone in a way that was so fantastically profitable that the smartphone market became a magnet for competition. — Brad Stone

Invest in low-turnover, passively managed index funds ... and stay away from profit-driven investment management organizations ... The mutual fund industry is a colossal failure ... resulting from its systematic exploitation of individual investors ... as funds extract enormous sums from investors in exchange for providing a shocking disservice ... Excessive management fees take their toll, and manager profits dominate fiduciary responsibility. — David F. Swensen

A good way to figure out how likely it is that the directors are sucking money out of a company is to draw a chart with each director's name in a box. Read through the Management section, and each time you identify a professional or personal connection between two directors, connect their boxes with a line. If you also happen to know about other relationships between directors, for instance one director is married to the other director's daughter, or one director is an old college buddy of another director, you can draw a line in there as well. If, upon completion, the chart looks like a spider web then hold on to your wallet. — Peter Troob

Time investment is the NEW Time Management. — Elizabeth Grace Saunders

The connection between health and productivity at work is intuitively obvious but has not been demonstrated to the satisfaction of either researchers or corporate financial officers. Ronald Kessler and Paul Stang help to bridge the usual gap between research and the marketplace with the help of a top-notch group of the best 'real-world' investigators obtainable-all in the cause of making the case that employee health should be treated as an investment in business performance-thus creating the new discipline of health and productivity management. — Sean Sullivan

One observer commenting on security analysts over forty stated: "They know too many things that are no longer true." As long as I am "on stage", publishing a regular record and assuming responsibility for management of what amounts to virtually 100% of the net worth of many partners, I will never be able to put sustained effort into any non-BPL activity. If I am going to participate publicly. I can't help being competitive. I know I don't want to be totally occupied with out-pacing an investment rabbit all my life. The only way to slow down is to stop. — Warren Buffett

If you commit to giving more time than you have to spend, you will constantly be running from time debt collectors. — Elizabeth Grace Saunders

The illusion of skill is not only an individual aberration; it is deeply ingrained in the culture of the [investment management] industry. — Daniel Kahneman

The fundamental work of investment management is filtering. The question is what do you filter. — Donald Luskin

Performance of management should be measured by potential to stay in business, to protect investment, to ensure future dividends and jobs through improvement of product and service for the future, not by the quarterly dividend. — W. Edwards Deming

Time is an illusion, timing is an art. — Stefan Emunds

TIME: Today Is My Everything — Richie Norton

Why is it possible to rescue S&L buccaneers in the early '90s and provide guidance to levered Wall Street investment bankers during the 1998 long-term capital management crisis, yet throw 2 million homeowners to the wolves in 2007? — Bill Gross

Maybe we should teach schoolchildren probability theory and investment risk management. — Andrew Lo

Higher education is the place where people who had big plans in high school get stuck in fierce rivalries with equally smart peers over conventional careers like management consulting and investment banking. For the privilege of being turned into conformists, students (or their families) pay hundreds of thousands of dollars in skyrocketing tuition that continues to outpace inflation. Why are we doing this to ourselves? — Peter Thiel

People who watch their weight, golf scores, and fuel bills seem to shun quantitative evaluation of their investment management skills although it involves the most important client in the world-themselves. — Warren Buffett

The more your money works for you, the less you have to work for money. — Idowu Koyenikan

You either waste, spend or invest time. Make your choice wisely — Sunday Adelaja

Time Progression: Wasting >>Spending >> Managing >> Investing — Elizabeth Grace Saunders

Your time is your life. — Elizabeth Grace Saunders

All but a few of the organizations do not specifically promise to deliver superior investment performance although it is perhaps not unreasonable for the public to draw such an inference from their advertised emphasis on professional management. — Warren Buffett

As time goes on, I get more and more convinced that the right method of investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes. — John Maynard Keynes

graduates of elite American universities who had little sense of what they wanted to do with their lives. Some of them decided to get a job working for a Wall Street investment bank or management consultancy. If you don't know what your passion is or what you really want to do, they said, then "you might as well go to Wall Street and make a lot of money if you can't think of anything better to do."36 And I have heard similar comments from young graduates of selective colleges and universities. Nobody has ever taught them that what you do influences the kind of person you will become. — Leonard Sax

Time is priceless gift.
Time defined moments.
Time lost can not be redefined.
May you find the value of time as your greatest wealth. — Lailah Gifty Akita

Real investment risk is measured not by the percent that a stock may decline in price in relation to the general market in a given period, but by the danger of a loss of quality and earnings power through economic changes or deterioration in management. — Benjamin Graham

A $10,000 investment in Dell at its 1988 initial public offering would have yielded a fortune of ~$6 million at the stock's peak. — Heather Simmons

Success is determined by how best you can utilize your time — Sunday Adelaja

Active management strategies demand uninstitutional behavior from institutions, creating a paradox that few can unravel. Establishing and maintaining an unconventional investment profile requires acceptance of uncomfortably idiosyncratic portfolios, which frequently appear downright imprudent in the eyes of conventional wisdom. — David F. Swensen

The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a funny business because on a net basis, the whole investment management business together gives no value added to all buyers combined. That's the way it has to work. Mutual funds charge two percent per year and then brokers switch people between funds, costing another three to four percentage points. The poor guy in the general public is getting a terrible product from the professionals. — John C. Bogle

It can be argued that the U.S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management. — Peter Schiff

It's my guess that something like 5% of GDP goes to money management and itsattendant friction. I define it broadly - annuities, incentive pay, all trading, etc. Nobody else has used figures that high, but that's my guess. Worst of all, the people doing this are among the best and the brightest. Hundreds and thousands of engineers, etc. are going into hedge funds and investment banking. That is not an intelligent allocation of the brainpower of the civilization. — Charlie Munger

Investment management, as traditionally practiced, is based on a single core belief: Investors can beat the market and superior managers will beat the market. — Charles D. Ellis

I'm delighted to be joining INVESCO, an organization that has been growing both in terms of assets under management and the breadth of investment capabilities offered. I see great potential in working with the accomplished investment centers within INVESCO and providing expertise to help develop strategic solutions for our clients. — Diane Garnick

The essence of investment management is the management of risks, not the management of returns. — Benjamin Graham

I think that intelligent forecasting (company revenues, earnings, etc.) should not seek to predict what will in fact happen in the future. Its purpose ought to be to illuminate the road, to point out obstacles and potential pitfalls and so assist management to tailor events and to bend them in a desired direction. Forecasting should be used as a device to put both problems and opportunities into perspective. It is a management tool, but it can never be a substitute for strategy, nor should it ever be used as the primary basis for portfolio investment decisions. — Peter Cundill

Manage your time and life. — Lailah Gifty Akita

I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, "My God, they're purple and green. Do fish really take these lures?" And he said, "Mister, I don't sell to fish." Investment managers are in the position of that fishing tackle salesman. — Charlie Munger

Thus China did not regard foreign investment as only bringing money into the country: instead China's leaders saw "investment" as bringing in new technologies, management systems and markets. — Anonymous

The nature of risk may be the single most important argument for the use of quantitative analysis in investment management. Neither Investors nor Analysts can be blamed for this fact. Nor can Harry Markowitz. Nature made risk a quadratic function. Markowitz only discovered it. — William Sharpe

To be sure, the cost of managing capital and of "formal" financial intermediation (that is, the investment advice and portfolio management services provided by a bank or official financial institution or real estate agency or managing partner) is obviously taken into account and deducted from the income on capital in calculating the average rate of return (as presented here). But this is not the case with "informal" financial intermediation: every investor spends time - in some cases a lot of time - managing his own portfolio and affairs and determining which investments are likely to be the most profitable. This effort can in certain cases be compared to genuine entrepreneurial labor or to a form of business activity. — Thomas Piketty

Common sense is the heart of investing and business management. — Lawrence A. Cunningham

It's natural that you'd have more brains going into money management. There are so many huge incomes in money management and investment banking - it's like ants to sugar. There are huge incentives for a man to take up money management as opposed to, say, physics, and it's a lot easier. — Charlie Munger

Most business schools are geared toward churning out investment bankers and management consultants. — Vivek Wadhwa

Such a study indicates that the greatest investment reward comes to those who by good luck or good sense find the occasional company that over the years can grow in sales and profits far more than industry as a whole. It further shows that when we believe we have found such a company we had better stick with it for a long period of time. It gives us a strong hint that such companies need not necessarily be young and small. Instead, regardless of size, what really counts is a management having both a determination to attain further important growth and an ability to bring its plans to completion. — Philip A. Fisher