Financial Ignorance Quotes

It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.

I'm no financial expert. I scarcely know what a coin is. Ask me to explain what a credit default swap is, and I'll emit an unbroken 10-minute 'um' through the clueless face of a broken puppet. You might as well ask a pantomime horse.

I had never really wanted to be famous. Everyone is supposed to want to be rich and famous, but as a boy I never knew what rich was, and the first view I had of famous made me leery.

I have no interest in managing my financial affairs.

I haven't the faintest idea what my royalties are. I haven't the faintest idea how many copies of books sold, or how many books that I've written. I could look these things up; I have no interest in them. I don't know how much money I have. There are a lot of things I just don't care about.

I never had to grow up. Everybody did everything for me. I was the first generation in my family to have money, and I had no idea what to do.

Those who never think of money need a great deal of it.

I have some classes in accounting, but I don't know anything about accounting. I - you know, when my accountant tells me all the things he does, it's a foreign language to me.

I'm a composer. I know nothing about money and commercial stuff. I just write music.

Having a financially illiterate society is dangerous, and we have to do something about that.

I never check my bank account. I know that sounds crazy. But I don't know how much is in there. I never know how much is in there. I have an idea - I have a bottom line - but I never look because I always make believe there's never anything in there.

I always ignore money.

The only history most economists and financial leaders tend to know is the history of their own careers—an average of about 25 years. The only one who seemed to be familiar with the history of the Great Depression was Ben Bernanke.

Wall Street people learn nothing and forget everything.

I don’t know anything about money.

Unfortunately we were living beyond our means. I didn't do the bills, I didn't have any idea what our financial situation was. We had the cars, the boat, the motorcycles and the houses. I didn't even know. And then when we got a divorce there wasn't a lot of money to split up and what there was, was spent on the divorce. It was really difficult.

I wasn't a financial pro, and I paid the price.

There are two kinds of investors, be they large or small: those who don't know where the market is headed and those who don't know what they don't know. Then again, there is a third type of investor: the investment professional, who indeed knows he doesn't know, but whose livelihood depends upon appearing to know.

Politicians exploit economic illiteracy.

The big Wall Street firms, seemingly so shrewd and self-interested, had somehow become the dumb money. The people who ran them did not understand their own businesses, and their regulators obviously knew even less.

I don't know what a credit bubble means. I don't even know what a bubble means. These words have become popular. I don't think they have any meaning.

There seems to be an unwritten rule on Wall Street: If you don't understand it, then put your life savings into it. Shun the enterprise around the corner, which can at least be observed, and seek out the one that manufactures an incomprehensible product.

I never bought a stock in my life. I don't understand it. To me it is like Chinese.

I'm completely irresponsible, I'm afraid. I'm ignorant about money as a commodity - I have never really understood it.

The men on the trading floor may not have been to school, but they have Ph.D.’s in man’s ignorance.