Browsing Topic Best Money Management Quotes

Beware of little expenses. A small leak will sink a great ship.

Your net worth to the world is usually determined by what remains after your bad habits are subtracted from your good ones.

An investment in knowledge pays the best interest.

Sports betting is all about money management, so the most money won on one event is not the most important thing

A bank is a place that will lend you money if you can prove that you don’t need it.

Every winner needs to master three essential components of trading; a sound individual psychology, a logical trading system and good money management. These essentials are like three legs of a stool – remove one and the stool will fall, together with the person who sits on it.

It’s not your salary that makes you rich, it’s your spending habits.

The way in which we manage the business of getting and spending is closely tied to our personal philosophy of living. We begin to develop this philosophy long before we have our first dollar to spend; and unless we are thinking people, our attitude toward money management may continue through the years to be tinged with the ignorance and innocence of childhood.

Harvard and Yale concentrated with venture capitalists that got the best calls and brainpower. Very few firms made most of the money, and they made it in just a few periods. Everyone else returned between mediocre and lousy. When returns happened, envy rippled through institutional money management. The amount invested in venture capital went up 10 times post-1999. That later money was lost very quickly. It will happen again. I don’t know anyone who successfully resists this stuff. It becomes a new orthodoxy.

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.

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.

I regard the amount of brainpower going into money management as a national scandal. When some idiot would get rich, they’d say, ‘Well, old Charlie was out in the field playing the big brass tuba on the day it rained gold.’ A lot of people have become rich lately who were playing the tuba on the day it rained gold.

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 terrible way to spend your life, but it’s very well paid.

As people strengthened their willpower muscles in one part of their lives—in the gym, or a money management program—that strength spilled over into what they ate or how hard they worked. Once willpower became stronger, it touched everything.

The key to long-term survival and prosperity has a lot to do with the money management techniques incorporated into the technical system.

Wealth consists not in having great possessions, but in having few wants.

If you think nobody cares if you’re alive, try missing a couple of car payments.

The art of living easily as to money is to pitch your scale of living one degree below your means.

If money is your hope for independence you will never have it

The monetary managers are fond of telling us that they have substituted ‘responsible money management’ for the gold standard. But there is no historic record of responsible paper money management … The record taken, as a whole is one of hyperinflation, devaluation and monetary chaos.

My style is basically trend following, with some special pattern recognition and money management algorithms.

Regardless of what we think we know and should happen the reality is that a lot of stock action is random. Therefore, money management is crucial if you want to be successful as a trader. To me, it`s the cornerstone of both making a living at trading and building wealth.

How important are money management and finances in marriage and family affairs? Tremendously. The American Bar Association recently indicated that 89 percent of all divorces could be traced to quarrels and accusations over money. Another study estimated that 75 percent of all divorces result from clashes over finances. Some professional counselors indicated that four out of every five families wrestle with serious money problems.

Good money management alone isn’t going to increase your edge at all. If your system isn’t any good, you’re still going to lose money, no matter how effective your money management rules are. But if you have an approach that makes money, then money management can make the difference between success and failure.

Money management has been a profession involving a lot of fakery – people saying they can beat the market, and they really can’t.

Money management is the only strategy to survive in this crazy, stupid and doped financial world market.

Be you in what line of life you may, it will be amongst your misfortunes if you have not time properly to attend to [money management]; for. … want of attention to pecuniary matters … has impeded the progress of science and of genius itself.

Your trading needs to boil down to rules, money management, and that is it.

Ain’t only three things to gambling: knowing the 60-40 end of the proposition, money management, and knowing yourself.