Financial Decision Quotes

The most important quality for an investor is temperament, not intellect.

We were not foolish enough to make a currency coverage of gold of which we have none

Why I am NOT going to buy a computer

Men make different investments than women do. Women tend to invest more of their earnings than men do in their family's well-being - as much as 10 times more.

Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.

A budget is a moral document.

If you cannot control your emotions, you cannot control your money.

"Save more tomorrow" is a nudge to help people do what they know they want to do, which is save more, but they can't bring themselves to save more now. Just like many of us are planning to go on diets next month, or maybe in two months, certainly not tonight.

I've always been pleased with the investments I've made with my friend Albert Frere and I regret not having followed him more, because I would have been a lot richer.

Even from the very beginning, I didn't put any money in the stock market.

It's the investor who is risky, not the investment.

I had a few stocks, but stocks took a dive. I never sell my stocks.

In the summer of 1990, I was buying stocks and I was probably three or four months early there. But we had a great rally in 1991.

You could take all the gold that's ever been mined, and it would fill a cube 67 feet in each direction. For what that's worth at current gold prices, you could buy all -- not some -- all of the farmland in the United States. Plus, you could buy 10 Exxon Mobils, plus have $1 trillion of walking-around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?

I got an offer in 1992 to buy a major-league team. I turned down the offer because I don't want my love of the game to involve business.

I would borrow money all day long, if the cost of borrowing is less than the expected return.

If you're considering going into student debt, I encourage you to seek the Lord's will through the reading and study of His Word, prayer, and the wise counsel of others before you make the decision to take out a loan.

I still think, from an individual perspective, the best deal investment you can make is to buy a primary residence that you're the owner-occupier of.

I went to Villarreal for 30% less than I could have earned in Mexico.

When my car runs out of gas, I buy a new one. I don't want to ride around in a quitter.

About 25 years ago, my wife and I bought Kenny Loggins' house in Santa Barbara. It was way out of our price range, but we said, 'Screw it, let's go for it.' We've raised our family there. We overextended ourselves at the perfect time in our lives, and it worked out for the best.

Our rate moves will have an impact on the economy in 2013. Whether we raise or lower rates depends on how the economic situation develops.

If you have a choice between buying something and paying down your credit card, pay down your credit card.

Investors must keep in mind that there's a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it.

I really did not think much about the size of the transfer fee when I left Barcelona because it was all down to market forces, not me.